 Canadian Loan Group? |
| July 27, 2007. Has anybody gotten ahold of anybody in that office? I have been trying for three days to get in touch with them. I have had no luck. If you try them right at 9:00 am their ... |
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 Do you think credit card debt judgement consider a crime? |
| Will I be consider having a criminal record if I am slap with a credit card judgement by a law firm representing my credit card company? And if the balance is around $550. I have never ever been ... |
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 What do you think about getting a department store credit card? |
| I won;t get one, but i was just wondering. If you know more info on them then please tell me.... |
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 Looking for a payday loan that doesn't lie about guaranteed approvals? |
| I always get e-mails about paydayloans being guaranteed. When I go and fill out all of the forms they always say I'm sorry we cannot approve you loan at this time. These sites should not be ... |
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 What is a good debit card for teens? |
Visa buxx is an example. The only problem is none of them are my bank and I want one for my daughter. Please help. Iwant to present it to her asap for her 16 bday
Additional Details
It ... |
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 Does applying for a Credit Card affect your credit score? |
| I'm 19 years old. Never had a credit card. I've had a couple overdrafts from my checking account (which was the stores fault, not mine but I have no way to prove it to the bank). My ... |
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 I need an unsecured personal loan asap. Who can help? |
| Regular loan companies require a minimum stay of 3 yrs in the uk. I have only be living here for 9 months. I do have an permanent job and a good income but have no credit history. Who can help?... |
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 Credit card balance/credit question? |
| when a credit card company says your current balance is 336.66 and your available credit is zero.. can u spendthat 336.66 or sense your credit is zero can you spend anything?... |
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 Have you curtailed spending because of the credit crunch? |
| and can any one honestly say that they are not affected in some way or ... |
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 I am in total debt! I have a collection agency hounding me and I need to know what my best solutions are!!? |
| Im in debt between 5,000-7,000. (Don't Judge me I made a mistake!) Now they are tripping me out and I am approved for a loan from school that I will be getting after the holidays but I am scared ... |
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 How do I get out of credit card debt? |
| I am 28 yrs old and have $7,000 worth of credit card debt. I am a teacher and make about 2,100 a month. I have a car note of 565.00 per month for another 3yrs. I have a cell phone bill of about 120... |
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 Being harrased by another persons credit collectors? |
| ive had my cell phone line for about 5 years now all the sudden ive been getting debit collection calls for another person im getting 1-2 calls a day its very irritating not to mention im paying for ... |
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 Trying get a car loan have bad credit? |
| my credit score is low like 500 to 600 i fixing my credit now i caught up i paid my big bill off and only have 3000 in credit cards my parents have great credit and will cosighn is it possible i ... |
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 How good of a credit score do you have to have for a 20,000 auto loan from a dealership for a 1st time buyer? |
| i no it depends on income and residence and stuff but i believe i make enough and been at my job for over a year now. i make about 1,600 on a bad month.. i just paid off my credit cards (by the way i ... |
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 I recently applied for an auto loan but got denied due to outstanding balances. I payed them off how long ? |
will it take for my score to go up? I really need a car loan!
Additional Details
they were in collections. One was an old old bank account that was in collections that i didnt know ... |
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 If I have terrible credit can I still get a New car loan if I put enough money down? |
| how much would I need to put down to get a $20,000 dollar loan and what would my itererest rate and monthly payment be? my credit is about as low as it gets.... |
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mbarone61 | Is it better to...? |
cancel your credit card accounts or keep them open.
Does this help your score more if you have open credit or canceled credit |
 |
 
Todd S
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Generally it is better to keep credit card accounts open. I just wrote an article on this exact topic. It depends on a few things.
If you are building credit, or have little credit history it is best to keep them open. If you have plenty of credit history and multiple tradelines, it's not necessary to keep every card open.
But you should have a minimum of 3 active tradelines with 2 year history on each.
Also if you're maxed out on credit cards, it's best to keep some open cards with no balances to even things out.
Learn more at http://www.thetruthaboutcreditcards.com |
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Snow
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If you no longer want the account or the affiliation with that company, close the account. The idea of leaving them open, although unused, only works for a period of time in your favor. If you have accounts that remain open but unused for years and years... as far as helping or hurting your credit history... they become noneffective... as if they never happened.
It does not hurt your credit to close or cancel an account as long as you were in good standing and the account reflected a good customer while it was open. It shows good judgement to close accounts that are no longer needed or that exhibit you are in control of your spending by making the choice to eliminate excess.
If they're paid off and you don't intend to use them, after a while, close them. By leaving them open, and often forgotten, you run the risk of having them tampered with or the number stolen and used. Why take that risk? |
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caramelakilah
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It is better to keep open your accounts. The older your accounts the longer history of good credit you have. You want a positive history for a good score. I helps to have open credit that is utilized frequently. If you have to close a card, better for you to close it then them, and better for your report to state closed by consumer. |
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Erudite#1
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If you have too many accounts open it can and will hurt your credit score. So be careful. |
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DoubleD
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DO NOT CANCEL YOUR CREDIT CARDS, ESPECIALLY THE OLDER ACCOUNTS. THE LONGER AN ACCOUNT HAS BEEN OPEN THE BETTER IT LOOKS ON YOUR PART.
IT IS BEST TO KEEP THE OLDEST ACTIVE AND OPEN AND PAY OFF THE OTHERS AND JUST NEVER USE THEM AGAIN.
KEEPING THE OLDEST ONE WILL HELP YOUR CREDIT SCORE OUT A LOT.
AND PLEASE DO NOT OPEN ANY EXTRA ACCOUNTS THAT YOU MAY THINK WILL HELP OUT YOUR CREDIT, IT WILL ONLY HURT IT BECAUSE IT LOOKS LIKE YOU ARE TRYING TO GET APPROVED RATHER THAN FISHING FOR A LOWER RATE.
I HAVE IMPROVED MY SCORE IN THE LAST YEAR BY ABOUT 55 POINTS. |
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nswblue
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If you have to many open credit accounts/cards - it adversely affects your credit standing when you apply for new credit!@~ |
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NONAME
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The longer your accounts have been opened, the better your score will be.
So closing out your accounts could have a negative impact.
That being said, if you never intend to use a card again, closing it is safer, since it can't be stolen or anything. |
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BAJC
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I have heard the best thing to do is use one or two credit cards and pay them off monthly. For instance, use a credit card to get gas (once a month), then at the end of the month pay it off in full (which is approximately $30-40). |
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nick w
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You want to leave your credit accounts open with low to no balance. do not close the account leave them open. a large part of your score depends on the length of time that you have had open credit lines in good standing. so and open account with no balance is a very good thing. After you pay your accounts to a 0 balance it will take sometime 30-60 days for that info update to your credit report. once the account balance info is updated your credit score will start to improve. the longer the account is open in good standing with a low or no balance the higher your score will climb. Fixed rate loans such as car loans and mortgage loans in good standing for 24+ months will bring your score into the mid 700's. Credit score swings from mid 700's to mid 600's are largely due to high credit card balances.
But don't go open allot of accounts this can hurt your score if there open already its fine don't close them. |
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