 I was late on my credit card payments for three straight months. How much will that affect my credit score? |
| My credit score was 750 before this happened and I have not checked it since the late payments which were Mar,Apr,May of this year. My wife was handling the finances and payed a $50 minumum payment ... |
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 What is the best way to handle outstanding debt? |
| I have previously asked a question and have not got the answers i was seeking. I have a credit card debt that is over 9 years old. I understand all of the legalities of the situation concerning the ... |
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 Is there a possible way to live without credit? |
| Don't you hate being a slave to banks and credit card companies?Even when buying a house, which people think it's theirs but it actually isn't until it's completely paid off like ... |
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 Can a collection agency for a way over due payday loan call the cops on you have have you arrested? |
| Way back in Nov. I had taken out a payday loan, well when it came time to repay I didn't have the money so I took out another loan... I have 7 outstanding loans now..... BAD DEAL!! Well they ... |
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 Past Due Credit Card? |
| Hi. I have a credit card in which the minimum payment is now $800. It started out with an overdraft and a late fee, and the minimum was $150 which I could not afford, then it has just went up since ... |
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 Repairing my own credit report.? |
| I have decided to start repairing my credit on my own. I have a few paid collections on my credit report. Do I contact the collection agency who reported the bill or exquifax to have these items ... |
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 Im going to open a credit card acount to get my credit score up but I don't know any thing about the credit |
| termonology and where can I learn about choosing a credit card that's right for me and not to expensive?... |
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 My fico is 610, income 65,000/ fiance 680 income 50000. Should we apply for home loan together or just him? |
| Should he buy before we get married. my low FICO is due to past charge offs that are about 5 yrs old. We would probably qualify for more money if my salary were included, but we don't want to ... |
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 How many credit cards SHOULD I HAVE? |
I am 21, and have 1 credit card with a $1250 dollar limit.
I am just starting to build my credit, bought some furniture and I am paying it off every month. I also never miss any payments on my ... |
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 Will I be accepted? |
| Im 6 and a half months pregnant, I start my maternity leave in 2 months and I am going back to work full time when my baby is 6 months old, Will I be accepted for a mortgage as I am currently renting ... |
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 Does credit card debt add interest if unpaid? |
I had a credit card over 5 years ago that I used and only paid less than 10% of it back. I completely set it aside and forgot about it.
Let'd say my debt was $1000. Now, 5 years ... |
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 Old roommie opened credit card in my name? |
| Long story short, I checked my credit yesterday for the first time in years, and noticed a closed American Express card that is at collections. Shock to me! In researching, found out that my ex-... |
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 Why is there a payment due on my Discover Card that I haven't used in a long time? |
| I haven't been using this card lately. I don't know why there's a payment due when i didn't even buy anything with the card.... |
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| Is it bad for your credit if you have 3 or 4 credit cards open with no balance & no activity? |
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Stacy S
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no but it is not doing any good for your creidt cause there not being able to see you make payments. Buy something cheap make three monthly payments then on the fourth payment pay it off. |
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SPIFIMAN1
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No it's not bad for your credit. It's good actually.
Credit score is based on how you use/pay your debt and your debt to income not how much available credit you have.
You really should consider using them for everyday purchases like gas and food and paying them off in full before the due date. This will avoide interest charges and continue to show activity. |
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Caroline
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Actually it may be better than carrying balance on them, when they determine your credit score they look at the balance to credit limit ratio, the less you owe the better it makes you look. |
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justthetwoofus
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no , but it would be better to charge something and pay it all off in the next thirty days on each card. |
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missy l
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no keep them open closing cards is worse |
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ANG
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No, it is good. As long as you have open accounts, in good standing, it looks good to creditors. |
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DK Julie
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It depends on your income to open credit ratio. If you have the potential to owe more on credit cards than you can pay with your level of income it can hurt you. But closing accounts can hurt you for a while as well. |
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Cadensmom
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NO NO NO... THAT IS GREAT THAT YOU HAVEN'T GONE CRAZY WITH THEM. NOT HAVING A BALANCE ON ANY CREDIT CARD DEFINATLY MAKES YOUR CREDIT GREAT! |
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Kia Sister 1- DUCK
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yes and No.
Have you ever had a balance or made any payments. It is best to have some sort of payment history. If you have had a balance and made payments, then that will help you.
It could hurt because too many open credit lines. The problem with an open credit line, is that at anytime, you could go down and charge it all up- then they would be in trouble.
Really your best bet is to talk to a lender to see what they say. |
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veesmom
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If you were to apply for a mortgage, they add monthly payments for those credit cards even if there is a zero balance because you still have a line of credit and the possiblity of charging on them. I would keep one and close the rest. |
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Kayleigh
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I would close them as they are a risk for identity theft. |
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