 Credit card help buying fleshlight but 17? |
| Im 17 and have a pre paid master card im buying something that you ned too be 18 for if i just check off the verify that your 18 box on the site will they be able too find out im 17???... |
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 Is Capital one a good credit card to start with? |
| I want a credit card for just emergencies and I have a good steady job. If capital one is not good what is a good credit card to start with?... |
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 What is the biggest amount of debt you ever paid off? |
| I am currently writing my story on my blog. On Christmas Eve 2008, I was unemployed with $647,000 of debt. I have since read Dave Ramsey's My Total Money Makeover and I am intensely focused on ... |
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 I would like my automobile repo and would like to know what is going to happen after? |
| I let a person use my name to purchase an automobile and his negative equity on his prior automobile cause the loan to be 45k. The car is worth 25k and the loan is still 40k. The person split and now ... |
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 Credit Card interest rate went through the roof, why? |
| Can someone help me? I got my 2 credit card bills the other day one is HSBC Bank and the other is CITICards, both showed an interest rate 19.99%. I paid both balances off in full and am considering ... |
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 Pay one off or put a little towards all? |
| With my tax refund Im going to pay credit card bills, however, which is smarter? Put the refund all on one card or put a little on each card?... |
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 If I had some money paid into my bank by accident do I have to pay it back? |
| I mean I really don,t have to say one way or another if its even in there If somebody asks do I?... |
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 Whats the best credit card for a 18 year old? |
| I need a credit card, that has no annual fee. Ive been looking into the PayPal Mastercard, but it says it has a minimum finance charge. Even though this probably wont effect me as my parents will be ... |
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 Does paying off your credit card balance in full every month still build credit? |
I am an 18 year old first year college student and I have a student visa through my bank. I have a 700 dollar limit and I think a 17% interest rate.
Every month I charge like 40 or 50 ... |
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 680-687 credit score, was denied 8k car loan from capital one. Make about 60-70k/yr. why? what next? |
| I work 7a-730p, so I have to be up by 545am to catch the bus and I usually dont get home until 830-9p. I dont live far from work, but I live in LA so there is always much traffic. My initial goal was ... |
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 My credit card company is raising my APR. Should I opt out of the rate increase and close my account? |
My credit card company is raising my APR in response to market conditions. Should I opt out of the rate increase and close my account?
Additional Details
Chase is raising my rate due to &... |
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 Need car loan but have bad credit? |
| I need a car loan for about $25,000 with a $3,000 down but I have bad credit(High 400ds) and I don't have a co-signer. What are my best opptions, and who can I get to give me a loan that will ... |
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 Transfered 2 of my cc balances and want to close the accounts? |
| I just got approved for an Amex Blue card for $6000.00. I transfered a couple of my high interest rate credit cards from my Express Fashion account and mu Household Bank account to my new Amex card ... |
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 Can a company place a CCJ against me if I am paying a reduced amount and can't increase it? |
| I have been paying a debt but they now want more money from me. I have never missed a payment with them, and they now want a financial statement to prove I cannot increase my monthly payment. If I ... |
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 Do you think all credit card statement should have to show a "last date to pay at a bank" date on it.... |
| ...ie: should it be up to the customer to have to work out..[-what with weekends complicating the maths etc]..the last day on which they can pay the bill, and therefor avoid incurring a late payment ... |
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 Credit card debt and ccj? |
| emigrating to U.S with credit card debt and ccj, after 5 years will they give up, or will they find me anyhow.Not leaving a trace of ... |
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wonder101 | Is it good to have a balance on your credit card? |
I'm new to credit cards.
I was always under the assumption that paying the full amount that you put on your credit card that month, at the end of every month (right before the due date) was the smart thing to do for your credit card. Which is exactly what I've been doing for the 5 or 6 months since I got my first card.
My friend told me she'd been told differently -- that to leave a small portion of each month's balance over and pay it off more slowly. She said this is good for your credit score.
So which is right? Thanks. |
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bdancer222
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Pay it in full. There's no benefit to carrying a balance. Paying it in full will actually be better for your credit score as your debt to available credit limit ratio will be much smaller.
Besides, it's silly to pay that interest! |
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Rick B
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Well, do you care about your credit score, or your financial well-being?
PAY THEM OFF! Your credit score MIGHT lose one or two points, but who cares?!?!?!
Why would you want to pay interest and fees to bump your credit score a few points? Does your employer pay you more if your score goes up? Does your family love you more? Don't make FICO your priority in financial decisions.
www.daveramsey.com |
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timetochangemyname
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Either way is fine and will not affect the score enough to matter. What is important is to keep the account in good standing, have longstanding accounts in good standing, keep at least 50 percent or so of what is offered to you available. Eventually you will add an auto loan or personal loan and this will make you or break you. Go to a small, local, credit union for good rates and understanding personnel. |
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crazyem
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It is good to pay it. The company will like you more. But they will also expect you to spend more. The idea is that you are using the card and continuing to pay - that is what builds your credit. How you do this is up to you, as long as you at least pay the minimum. There has to be some activity on your account in order for it to increase your credit rating. |
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Vampir V
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Pay off your Credit Card every month. That's the very best.
The interest rates of Credit Cards are 'robbery'. |
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annazzz1966
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Your friend is right. If you pay off your credit cards each month in full, it does not show that you have a credit history and then it's not reported to the rating agencies. If you are trying to build up your credit by using a credit card, you need to leave a balance from one month to the next, always pay on time, and then pay it off in about 4 months. |
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Richard S.
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You need a balance to build credit. My score was terrible about 6 months ago due to lack of credit usage. You have to be in a debt to build credit. You need to keep balances at 30% of less of the total credit line and make payments. If you score is good to begin with then you don't have anything to worry about.
If you pay off your card each month you are not demonstrating that you can "handle credit". You are choosing to "not deal with it" for lack of better words.
Having "too much" available credit is sometimes viewed negative as well. If you have a lot of available credit you could get yourself in trouble real fast. Since you have no experience handling credit, banks might not want to extend you more in the future.
If you are building credit, charge it up a bit and make payments over several months. I went out and got several credit cards and ran up a small balance on each one of them. I set up auto payments on my bank account so I wouldn't forget any of them. My score increased 60-80 points in 7 months. |
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Dave
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I was in fact watching that Suze Orman show on CNBC the other day and it said that if you carry over 50% of your limit from month to month that its bad. But its always good to pay it off every month. If you can save for what you want to spend money on then do it. If not you shouldnt go over 50% of the limit because it will hurt your credit score. |
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sammy m
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the card companies consider people who pay their bills in full "deadbeat customers" thats the actually the term they use,because to them a valued customer is one who misses a payment so they can hit you with the default interest rates |
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