 I am in desperate need of a loan to continue paying my mortgage and take my 9 year old daughter on holiday? |
| I have been cheated out of a £10,000 payment owed to me through work,there is not much i can do about it, i have future secure well paying work, its just a temporary cash flow problem. Who or where ... |
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 What should I pay off first, $8000 in credit card bills, or $5000 in hospital bills? |
| I'm graduating this fall from college and I really want to get out of as much bad debt as I possibly can. I anticipate earning approximately $10000 at my summer job and I'm unsure of which ... |
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 Is a credit card w/ a limit of $1,000, and APR of 23.90% a good deal for a college student? (My second card)? |
| This is my second card and the annual membership fee is 69 dollars with an enrollment fee of $69. It's a visa platinum card.... |
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 Will closing unused accounts hurt or help my credit? |
| I have a decent line of credit and a mediocre credit score. I have a "good cushion" of credit avaible. One of the "negative" factors on my credit is cards with low available ... |
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 Do I have good credit? My credit limit on my Bank of America card is $8800 and they keep raising it.? |
| I have missed payments in the past year when I wasn't working and recently due to some unfair practices of Bank of America. But it seems like despite my late payments, I have decent credit?... |
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 I own no credit cards and I am in Debt, How do i get out???? |
| I have never owned a credit card and i am in debt. I want to make my credit score better. I have heard things fall off your credit after 7 years is this true? How can I change what is showing on my ... |
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 Can i get a credit card with out my parents consent? |
I'm 16
Additional Details
and what about debit cards? because they just automatically remove money from your account rather than seperate payments.... |
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 What do I pay off first? Collections $ 197, 225, & 450. Or credit cards $510, 890, & 442? Want to raise credit |
| I want to clean up my credit and pay things off but I don't know what's more important and will help raise the score quickest. The credit cards are active except for the 890. I still get a ... |
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 After going to collections, do I still have to pay? |
| I have just a little over $20,000 in credit card debt. Its about 5 different credit cards and I havent paid them in 4-7 months. Some are in collections already and I have received a letter from an ... |
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 I need some advise on getting a credit card.? |
| This is my first credit card and i want to get a car and possibly in the future rent an apartment but i have no type of credit. i applied for discover and they denied me so does anyone have any ... |
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 How many credit cards should you have? |
| I have 4 cards – one for gas, one for food, one for vacations, and another for emergencies. Ideally speaking, how many credit cards should you have?... |
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 How does an 14-year-old with no credit history get a credit card? |
| I'm 14 and I have tried 2 diffrent places the first was american express and the second was discoverey. They both wouldn't except me because I'm below the age of 15 and 18. Can some ... |
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 How do I get out a car payment/loan I cannot afford? |
| I don't make nearly as much money as I use to and I am struggling with my car payments.... |
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 Should I file for bankruptcy? |
| I'm 27 and want to buy a house but I can't bc I'm about 10,000.00 in debt to about 15 credit agencies for random stuff and medical bills. I really can't pay them off. I just ... |
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 Trying to buy a phone and refused, saying I have a poor credit rating which I know nothing about!? |
| I live in the United Kingdom and was trying to buy a mobile phone online from dialaphone. They sent me an email saying that they refuse to sell the phone package to me because i have a poor credit ... |
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| I have never had credit..? |
How can I build up credit? I've never had a credit card, closest thing to it is my debit card. Help please.
Additional Details
I thought it would be a good idea to build up credit ... |
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mike | Is it better to pay off your balance or to get a payment history established? |
Soon I will be making more money and will easily be able to pay off my creditors but I have poor credit right now. Is it better for the credit report if I pay them off in full or if I just ride the loan out to establish a good payment history? Also any other information on how to improve credit will be greatly appreciated. |
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GyVuPhaYs
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pay off your creditors now...if you just establish a payment plan with them, as u say your credit is poor...it well remain poor...after there payed off...then buy something on time and never be late on a payment...then you well establish AAA credit... |
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SamanthaDesigns
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Pay off all of your creditors and then cut up your credit cards, except for one card. Buy something every month on that card that you know you can pay off when the bill comes. For example, put all of the gas you purchase for your car on that card. Or groceries. Charge purchases you normally budget for, like groceries or gas. The key is never to spend more on the card than you KNOW you can pay off when the bill comes, and have that money set aside so that it's easy to pay off when the bill does come. This way you establish a solid payment history, but also avoid paying interest. |
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jen w
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If you pay them off in full like some of these people are suggesting you won't be showing a pmt history. It is better to make larger pmt's yet on a regular schedule "do not be late" and your credit will improve shortly..good luck and congrats on the pay increase.. |
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Classy Granny
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Pay a little above the minium that is due, but not the entire amount. Don't charge more than what you've paid in a month or you'll end up owing more each month. |
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Aelita
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Pay them off. It will go on your credit report as paid in full and it's good for you. If you really like building your credit history, you could leave a small balance and pay it in small installments for some time. At least this way, you won't be paying this much in interest and still will be building your credit history. |
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ak
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Payment history for now. Watch the interest rates though. And see if you can renegotiate for a lower rate after a year of steady payments. If you can't get a better deal pay it off. |
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julia4evert
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If your young I would make payments and establish good credit, if your older and in a lot of debt pay it off. |
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But_Ugly
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Pay them every month and you are establishing a payment history. This will keep your credit score good. Also remember that having a lot of cards is not a good thing when it comes to your credit score. |
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kristincoburn21
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Pay off as soon as you can but make sure the company doesn't charge for early payoff. The sooner you pay them off, the less interest you have to pay |
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boit
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Pay most of it off, get up to date with payments. If you have a credit card, pay it off. It will probably make your limit go up, and then buy something that you have the cash for. That way you can send in the payment right away, and make your credit better. Good luck! |
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hanzpoo
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Pay the loan off or pay on it for 6 months to a year then pay off. |
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mrpink
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Credit score computation is complex and involves many factors, here are some tips on improving your credit score:
1) Do not miss a payment.
2) Do not make a late payment.
3) Pay off the cards as soon as possible, but don't close the accounts. Accounts which have been active for longer periods of time help your credit score. Charge a small amount each month and pay it off - every month. You will be establishing a 'good payment history', but you won't get killed by interest.
In general, the higher your ratio of credit available to credit used is, the better. (i.e. If your credit limit is $2,000 and you have a balance of $1,500, your credit score would be lower than if the limit were $2,000 and your balance was $15: you have more 'unused credit'. This being said, having too many open lines of credit can hurt your credit score, watch how many accounts you have open.)
I ran myself into credit problems in the past, and unfortunately, there is no quick solution. Just keep making the payments on time, and your score will slowly, but steadily improve.) |
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Sue W
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I like to pay off my debts as soon as I can that way I pay less interest in the long run and have the worry of the debt for a shorter time. When you are debt free you can then focus on saving and will be able to build up your bank account faster than if you are still committed to the loans. The more you save - the less you have to borrow in future - the more manageble your finances are (especially if you should have the misfortune of loosing your job, for example).
Whatever way you decide, you will be establishing a credit history and so long as you are seen to pay your debts, have an income and can give good references, you should have little problems with obtaining finance in the future. |
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Oh Boy!
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Paying off your balance is the very best kind of payment history. |
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fchaldo
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i need points give me best answer thanks |
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m137pay
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Always payoff your balance, soon the creditors will beat down your door! |
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David H
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What are you thinking, jen-w. Paying off balances does show payment history. It shows you can pay off your debt. Remember, debt ratio is also a determining factor in credit scores.
I keep hearing that closing accounts hurts your credit score. I've also heard that leaving inactive accounts open hurts. I am currently researching this facet of credit repair. Most of the credit questions I've seen here I have put to the test at one time or another. I recently paid off some accounts and closed them. WE shall see. |
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Yousef J
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pay them right away. That's better for your credit |
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plj5858
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get rid of your credit cards they cost you more than they are worth. If you can possibly, get caught up and stay current for at least 1 yr, it will help on any late payments etc, then pay it off. Late pays are the worst on your credit history, when applying for credit, its not how fast you paid it off but that you did it in a timely manner |
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