 How do I build my credit if I don't have any? |
| I do not have any credit and would like to build it up. I am a student currently so my student loans will not show up until I graduate. Do I have to wait until then to build my credit. No credit card ... |
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 What does it mean if i have negative one dollar in my acct? |
| i have a checking acct that has a balance of negative 1 dollar. i checked my acct a week ago from an ATM, and thought that i had a dollar left, when actually i had a negative balance. I didnt realize ... |
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 What happens when Care Credit calls you at work and threatens to sue you? |
| They just called me at work, saying that they were going to file a complaint and then asked if I had an attorney. I told them that I didn't have the money for an attorney and that I didn't ... |
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 How long does it take for bad things on your credit report to get off? |
| I have an unpaid credit card from about 5 years ago. I was very irresponsible then, but now, I don't know which credit card it was or how to contact them. Does it ever go away and if so, how ... |
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 Canceling a credit card!? |
| I want to cancel my credit card but i need to write a letter to the company! Can you give some ideas to write this letter!? What things should i write!?... |
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 Cannot get credit card, need credit history? |
| I'm in college and have tried applying for credits cards over 50 times to build up a score and am always denied. I don't really want to use them a lot per se, I just need to build up a ... |
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 I have a question about collection agency/law firm? |
Hello,
last week i got a call from a very mean person asking for my wife. I told him that she was not here. This guy asked who i was i told him her husband. He then told me she is in big big ... |
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 Overdraft!!!!!!!? |
| If I wrote a check out for $600.00 and I only have $50 dollars in my checking account will it go ... |
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 I have 10,000 in cash and need a car but want to get a loan....? |
| to help my hideous credit. Will a bank loan me the 10,000 if I put my 10,000 cash up as colateral?... |
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 For people with bad credit? |
| How many negative items do you have on your credit report? I'm trying to find out how bad mine really is.... |
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 My credit score is 666? |
| What does this mean? What does the devil have in store for me and my finances?... |
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 I am just trying to figure out credit? |
| I just don't get it, I spent 15,000 to pay off everything on my credit. My score has rebounded some to about a 647 except for my trans union which went from a 630 to 599. I opened a credit card ... |
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 Do my parents see everything they bought on the credit card after they buy it? I really want to use it without |
| ok so there is this game on the computer and u can get credits to buy clothes but you have to buy them. and my parents probably would not buy me them. i want to take their credit card and use it. it ... |
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 Will opening a secured credit card improve my credit rating? |
| I have heard that applying for a secured credit card (setting my own account spending limit) will help improve my credit score. Is this true? And how does that make any sense?... |
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 How can I get a $15,000 loan if I have horrible credit?? |
| I own my home, have about $15,000 in credit card debt and I am DROWNING. I can't make my monthly payments and I really can't think of any ways to get any extra cash in order to pay them. I ... |
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 With a score of 500, is there a reputable mortgage company that will finance a mortgage for me today? |
| i have no bankruptcys but i have collections out the @#! anyway, these collections are from companies that keep updating my report as though I am late this month when in fact it's from 2000, i�... |
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 I got a loan and I lost my job and I m thinking to go back to Italy what happen if I dont pay the loan ? |
I dont have intencion to come back to the UK ant earn in euros and pay pounds it is hard can they do something to me if I m going to anoither country in europen union plz help
Additional D... |
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TTC #2 Baby Dust MEEE! | Is it true that if you use your checks it helps build credit for you??? |
i was wondering this for a long time so i finally remember to post it and see if it is true.
i heard that if you send your payments with your personal check you can build credit
is it true?????? |
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kokopelli
 |
No. Checks are similar to cash. You build credit not so much by paying bills on time but by the ratio of outstanding revolving debt to total open credit lines. Paying on time is almost a given, but available credit to debt ratio is a more important factor. |
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Beer Advocate
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Not any different than any other type of payment - you build credit by paying your bills on time, it doesn't matter how you pay. |
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dzjynn
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It doesn't matter. What matters is if you pay on time or not. |
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fine touch of class
 |
That is not true.
Credit rating doesnt have to do anything with payment methods.
It has something to do with:
payment history
how long have you had credit
how many credit accounts you have.
what kind of credit accounts you have.
how much balance you carry.
your limit to available credit ratio
your debt to available credit ratio
going over your credit limit or have a late payment
how many hard inquiries you have on your credit file
Good luck and I hope I helped |
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komondor4
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If you are paying bills how else would you do it? Using credit cards wisely and paying bills ontime is critical! My credit score just dropped 100 points I had a new mortgage and never got the coupon book. Missed 2 payments. Had my wallet stolen canceled my credit cards got new ones but forgot to change the account numbers for online bill pay had 2 bills 1 month late!
That is all it takes to lower your credit score. Get a credit card (not debit) use it pay it 100% off pay all you bills ontime and your credit score will rise. Also do not move too much they like to see stability as far as adressess |
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'Sunnyside Up'
|
Paying by check or using checks will not enhance your credit standings. Paying on time and paying early and even being ahead in your payments and paying things off early will greatly enhance your credit standings. Also, charging and then paying things off quickly works wonders for your credit standings. The best way to do that is to get a charge card but don't use it to go way into debt and then have to pay only so much a month with a large bill charged up. Instead, save all the money for the item up first and then charge it on the card. Then pay it off with large payments in 2 to 4 payments and watch your credit ratings soar. For example, you charge $400.00. Pay $50. the first payment, and then $150.00 the second payment, and then the rest of it the 3rd payment. The credit company would usually have you paying $10 to $15 payments over several years with a huge interest rate on that. When you pay it off that way, it takes all the interest rate way down so you don't lose money, and soars your credit rating way up becasue they send this information to the major credit score companies. This will only work for you if you do not get careless and keep your wits not to charge unless you have your money collected for your items first. Otherwise you will just be caught up into the credit card sickness like everyone else is. We have done this for years and have no current debts on any credit cards but have great credit ratings. |
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SPIFIMAN1
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It depends.
If you are talking about payments for credit cards or installment loans then the answer is yes. It does not matter how you pay, as long as you pay on time every month.
If on the other hand you are talking about utilities, cell phones, gym memberships that type of stuff then the answer is no because this type of account is not reported to the credit bureaus. And banks do not report checking account activity because it's not a loan. |
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bookish
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I think it's good if you don't have a pattern of writing bad checks, but the best thing to do is use your checks to pay bills on time: that's what gives you a good credit rating. |
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devilish1965
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Have not heard that. The only way to built Credit is if you pay your bills on time. |
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jon-jon
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Checks don't help you build your credit. You must pay on time and double or triple your minimum monthly payment. Also cancel any unused lines of credit that you may have. Finally try and maintain a 50% debt to income ration, that usually raises your credit score. |
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