 Credit card? |
| ok, i'm planning to get a credit card for first time, i don't have credit backgrownd,so, how do i start or what do i have to do to start credit backgrownd?, and what's APR?, thanks if ... |
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 Is cashcrates.com a scam? |
| I went to cash crates.com And i was wondering if it is a ... |
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 Credit cards? |
| I'm going to start college soon, and I'm being told by many people that I should get a credit card and "establish my credit" by making payments on things on time. People have ... |
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 Should I make payments or just pay it off? |
| I'm saving money to purchase a house in April. there are about 7 negative things on my credit report. my score is 502 (which is awful). I have the money in full to pay off my debt but the damage ... |
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 How can i get a credit report without having a bank account? |
Additional Details
i got my report but is there anyway i can get my credit score?... |
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 Can i take out a cash advance with my mastercard cc at a bank without a pin #? |
i don't have a pin on me and need the money right away. i know with visa cc's i could take it to a bank and get an advance, but what about mastercard?
Additional Details
that ... |
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 I need to get my medicine with my credit card. However, I wont actually have money {its my debit card} until F |
| I need to get my medicine with my debt card which I run like a credit card. I will not have money on it until Friday though. However, in the meantime my ear is bugging the crap out of me. Is there ... |
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 Okay I'm a 30 years old I still live at home and my credit card was stolen from me.? |
| my question is here the last time i used my credit card at the begining of the month for only 202.00 and then my card was stolen from me and i looked up on my account for my credit card there was a ... |
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 Can anyone recommend a mortgage company that does credit Repair? |
I would like to refinance my house and I have some negative or bad credit issues. Can anyone recommend a good Mortgage company that can do both (Refinance and Credit Repair? )
Good advice ... |
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 Best credit card for an 18yr old? |
| Okay, so I recently turned 18 and I'm thinking of signing up for a credit card to build up my credit. I have an application for a Sovereign Bank Worldpoints Credit Card and I was wondering if ... |
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 I want to fix my credit...? |
| Ok here's the deal. I applied for 4 dif. store credit cards bc my mom said she would pay them to build my credit (yes I know not her responsibility, but she shouldn't have said that if she ... |
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 Really need credit help...overwhelmed.? |
| Can someone please tell me how to get rid of negative reports on my credit report and stop collectors wo are trying to collect on debts and re-aging accounts that are well past the zeven year mark ... |
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steph9950 | Is it good if I cut up my credit cards for a couple of years or will this hurt my credit.? |
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Studly
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I disagree with ht_butterfly27's advice....
When you cancel a credit card you lose that portion of a credit history. A major part of your credit score relates to number if credit lines and the length you have had them.
While I have not been desperate enough to spend money on any of Dave Ramsey's books, I have researched it a lot.
The best place to look is right as the source of who writes the credit score...FICO.
Go to http://www.myfico.com and read their consumer information. It will give lots of advice on what makes up your score, and how you can improve it.
Unlike Mr. Ramsey's advice, they claim that you should have 2-3 credit cards. You don't need to keep using them, just have an active open account. Use it once and a while, and pay it off each month.
If you don't have self control, consider just asking them to lower the credit limits to $200 so you can't get crazy with it. |
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Gregg J
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CUT THEM UP LIKE THEY WERE THE BUBONIC PLAGUE! Get a debit card from your bank which works the same way for the most part except all the interest and minimum payments. Your bank card will only let you use it for what you have in the bank to cover it. You can have it pull money from your savings if you overdraft your account. Credit cards are Evil. |
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rickyh606
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Actually it is one of the smartest things that you can do and it will not hurt your credit rating. |
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Mortgage Planner
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Pay them off, cut them up - or put them in a drawer, but DO NOT close them - Your score will drop. Let them report Positive Paid Happy credit for you for as long as possible and every 30 days your scores will creep up. This is the way to have 800 fico's. Good Luck! |
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Karen H
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your better off using your cards sparingly and paying them the instant they are due. this shows greater responsibility than just giving up credit entirely. |
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ht_butterfly27
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If you tear up your credit cards, be sure to call the company to close the account. I have heard that too many open credit card accounts can hurt your credit ratings, even if you have a $0 balance.
Be sure you are paying off the balance and not just "forgetting" about them. I would keep one, for emergencies, unless you have $1000 or more in the bank. |
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Ralfcoder
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The best way to help your credit rating is to use credit, and pay your bills on time, or ahead of schedule.
If you have lots of credit cards (like more than 5) I would cut up the cards, pay them off, and then close the accounts. Be sure to do that last step, otherwise the account will stay open, and you may be charged a yearly fee for an account you thought was gone.
Then pay off the remaining cards, and close at least a couple of them. You probably don't really need more than 3 cards - one for gas, a general credit card like visa or master charge, and maybe one for a favorite department store. The last would be only if they don't accept the visa or MC card. |
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brainiac
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you can cut them up or just not use them.
this will not hurt you
paying them off and keeping them should help |
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fedup
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After you pay what you have spent, you can stop using one. |
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