 Can a merchant keep a printed copy of my credit card? |
| Just wanted to ask if a merchant/travel agent is legally allowed to copy my driver's license and the credit card and keep? I recently did a large transacation of about a thousand dollars with a ... |
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 Debt help needed? |
| I have a daughter. At the moment she is un-employed. Her last employer made it plain that she was going to be sacked. She left because it was becomming impossible to work for them. That has meant ... |
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 Open a credit card in your child's name and social security number? |
| I was reading that your credit score greatly depends on the length of time you have had credit and that an account opened for 30 years or longer is key to getting you into the 800s. What do you ... |
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 How do I go about consolidating my credit card debt? |
| I have a good credit score, last time I checked about 6 months ago it was about 720-730. Recently I have acquired a big credit card debt, about $9,000 on one credit card (with a limit of $10,000) and ... |
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| I am about to make a $500 purchase. Should I get a credit card to buy it? (I am 18 and need credit)? |
So would it be a good idea to go to my bank and apply for a student credit card. And then use it on my purchase, and then pay they bill in full right when it comes?
Will this help my ... |
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 I went to the interview, and the boss likes me , he was staring at me, and said yes after 5 min we met? |
should i take the job?
its a cool job, but i guess i will awlays have to smile and pretend that i like him back , but married, or engaged or a lesbiian , whatever
should i?... |
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 I own a house that my mother gave me? |
| but I recently divorced my husband and he left me in a lot of debt with no way to pay.I intend to pay these debts off when I can get a job but can my house be taken away for any of these debts, I ... |
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| Im only 18 and desperately trying to build up my credit. I was just wondering if anyone knew how I could do so. Thanks!... |
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 Will adding my son to my credit card impact my credit rating, even if he never uses the card? |
My son read that a way to improve his credit rating was
"Add Your Name to Someone Else’s Good Account.
Piggybacking off of someone else’s good credit is an easy way to improve ... |
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 I have a credit card question. My credit card is up to its limit and im making monthly payments to pay it off. |
| Is it a good idea to do a balance transfor to another credit card for lower intrest rates or does that just make it worst. Did anyone ever do a balace transfor? and does it help?... |
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 How do I get my Credit Score? |
I just recieved a personal credit file from Equifax, but it did not include my credit score. How do I go about getting that score?
I live in ... |
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 Why is the lost or stolen number written on the back of your bank/ credit card? |
For goodness sake!!!!
If you lose it you would never know what number to call anyway!!!!!!!!!!!!!!!!!!!.......
Egg's site impressed me though, first thing you see in the &... |
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 Does anyone know of a place that re consolidates private student loans without running your credit report? |
Additional Details
I have about 40k in student loans through Sallie Mae that I just recently brought current and the monthyly payments are $600 and my APR is 18.24% I need to do ... |
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 They put my account as "Charged off"....??..? |
| I have an outstanding balance with a creditor, I called one of debt releif organization. So I am making monthly payments. The collection agency put my account as "charged off". Are they ... |
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 New year and I want to start clearing my debt.. what are some good free debt management companies I can call? |
My debt amounts to about 4000GBP.
I want to start cleaning up my credit file and clearing debits.
I need a decent free debt management company that won't take any of my money in ... |
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ryanmartin8 | Is it better to close credit accounts from furniture and clothing stores if you don't use them or leave open? |
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 |
 
r_canton
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HERE's THE OFFICIAL ANSWER!!! :)
It depends on what your credit limit is on those cards. If all your department/furniture store cards are equal to half of your available borrowing power (i.e., your sears card has 1000.00 limit, and your Mastercard has 1000.00 limit, equalling $2000.00 borrowing power), closing your account at sears would actually hurt your credit, because your borrowing power would go down. How long those cards have been established factors in, as well. I know a LOT about this stuff, way too much to put on here. Msg me with more specifics (no, I'm not trying to steal your identity), and I'll be glad to help! ~ Rick |
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JRJ
 |
Leave it open, but tell yourself that it is CLOSED and forget about it.
It may be of use at a time of need . |
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ead824
 |
If you are not using them close them. Clothing store accounts may be better to leave open so that if you ever need it you'll have it. The furniture store credit you should close, how many times a year will you buy a sofa, table, chair. get rid of that one. As long as you maintain your accounts pay when you have to, not be late or miss your payments you should be fine. By the way never use so much credit that you have to kill yourself to pay it back. :) |
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mr handy
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close them . open accounts with no balance actually hurt your credit |
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migity696
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close them, after six months of no charges they start to actually hurt your credit score. Although, just to let you know, it will also hurt your credit score to close them. |
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hirebookkeeper
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I say close them |
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christiliz17
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Keeping them open may help your credit rating. Check this out:
4. Don’t Close Old Accounts
In the past people were told to close old accounts they weren’t using. But with today's current scoring methods that could actually hurt your credit score.
Closing old or paid off credit accounts lowers the total credit available to you and makes any balances you have appear larger in credit score calculations. Closing your oldest accounts can actually shorten the length of your credit history and to a lender it makes you less credit worthy.
If you are trying to minimize identity theft and it's worth the peace of mind for you to close your old or paid off accounts, the good news is it will only lower you score a minimal amount. But just by keeping those old accounts open you can raise credit score for you. |
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CSPEAK
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You should close them. The open accounts will lower your credit score and will affect your rate and ability to borrow when you want something big like a car or home. |
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butterfly6874@verizon.net
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It is better if leave them open if you do not have a lot of credit, just use it once and pay it off it gives you better credit ratings. |
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don a
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It will close of a year anyway. It does hurt if you have to many credit cards, but not that much people think.
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http://www.bestcreditrates.net |
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shafermeyer
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Close them |
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csabrinam
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You have 2 right answers! everyone else is WRONG! You should keep them open. It does help show that u are able to have a credit limit with other companies and maintain it! Gives u a better chance to get a loan on a house or car then just closing them. If your worry bout id theft, shred the cards,(if you plan to not use them within the expiration date) But do keep them open!! |
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