 What kind of home loan interest rate could I get with a bankruptcy on my record? |
| I have a chapter 7 bankruptcy on my record from 2003, but I have no debt and a credit score of about 700. And I have $20,000 for a down payment. If I got a home loan, would the bankruptcy make a huge ... |
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 Applying for a credit card..? |
| I'm almost 18 and I would like to get a credit card and I am just wondering how easy it is, what should be my limit, and should i apply through my bank ?... |
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 How can I get a home loan with bad credit? |
| I'm getting ready to go through a divorce and I have 3 children, ages, 6, 5, and 2. I would have already filed for divorce if I had somewhere to go. I would really like to buy a home for my ... |
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 How can i clean up my credit. i do not have the money to offer on settelments? |
| I want to raise my credit score, and just how can i have the negitives turned into postives on my credit report...there are people offering that they can clean up your credit fast for a fee. so can ... |
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 Credit card limits? |
hello, i payed down alot of credit cards this last year. After i payed them down they increased my limits sufficantly
1 card 3500 then to 7000 now 14000
2nd card 5000 then to 7000 now 11000... |
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 I was denied credit 10/5 by two firms, based on Equifax credit report, need explanation of who and what for? |
| On the report from the denied credit firm, it only gave debt amounts from Equifax and no names. I paid off all my bills at the end of 2005 and early 2006 and only have two debts, outside the two ... |
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 How can i improve my credit, and why is it bad? |
| im 25 andmy credit score is around 550 i believe wich is horrible but im not sure why. i dont have much credit history, but a few years back i got a dept. store card with only a $100 limit to build ... |
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 Unemployed and in debt? |
I'm asking this for a friend who dosen't have a computer.
He's in debt, about to loose his job, lives with his friend, and no money saved up. Every payday he tries to pay his ... |
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 Amazon.com? |
can you pay with a visa or mastercard through amazon?? or u need a paypal??? is it safe to use a visa or mastercard???
Thanks!... |
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 My husband had a credit card in his name only for some dental work. He passed away 2mo. after. I have been? |
| paying on this bill for the past 3 yrs. and the int. rate is 27%. Income was cut in half so I'm just paying min. every mo. so the balance never goes down. Am I legally responsible for this bill?I... |
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 What is a good credit card for me? |
| i have limited if not any credit at all. i just turned 18 last year in november. what is good credit card that will approve me with a decent apr?... |
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 What is the best way to pay off an $8,000 credit card? |
| My current card has $8,000 on it and the percentage rate skyrocketed to a 24% interest rate! I did not read the fine print and after the introductory 0% rate, the interest rate increased. I closed ... |
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 Do things not showing on my credit report affect my credit? |
| I have bad credit as it is but I'm working on fixing but to start off I'm only paying the debts that show on my credit report... but I know for a fact I have some other things that DON'... |
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 Just got approved for a capital one credit card? |
| OK, so if you read my past questions you can see that I have tried desperatly to get credit to buy a PC from for School. so Capital One approved me for a credit card after I got one of their letters ... |
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 Credit Debt? |
Is it true that if you dont pay your credit cards bill for 6 years they just take it off your credit report and stop asking you for the money, cause its unsecured line of credit???
Cause ... |
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Arif R | Just opened a macys card and got a question? |
Hi, I turned 18 on September 16th and opened a student credit card issued by citi, and then the other day I went shopping, and saw with a macys card u get good discounts...was that a good idea on my part to open a macys card?
Im a very disciplined card holder, and leave my cards home so I dont get tempted, but I heard it is bad for ur credit score to have 2 accounts open.
Any truth? |
 |
 
krstfr
|
Depending on your income,it should not matter that you have two or even ten revolving credit accounts open.You just want to try and keep the amount of credit in use(balance) low.Always pay it off IN FULL each month.You do not want to pay interest,and you certainly don't want to pay interest compounded ontop of interest.Ask your father or uncle about this one. |
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jojo
 |
The only way it would work is if you bought something with the credit discount they give you for your first purchase then pay it off in full . Then if you do keep using it pay the balance off quickly and always on time..you need to show that you can pay your bills on time and dont have too much debt, something i could not teach my daughter!! |
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dathinman8
 |
No, it isn't bad to have two accounts active at different stores, or credit card companies. The problem most young people run into is that they don't pay the balance off at the end of the month. By only making the minimum payment, the credit card company makes money on the unpaid balance, and that $45 skirt or pair of slacks ends up costing you $60 when you pay the finance charge and interest on the unpaid balance. Having more than one card at your age is just temptation to use it...... kinda like "free money". You can pay off one card every month and save yourself the finance charges..... or........make the minimum payment on several cards, and end up deep in credit card debt... along with your student loans. Why dig yourself that kind of hole??? |
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Trying for Big in Boise
 |
Sounds as if you don't have a job. In that case, all credit cards are dangerous. No matter how disciplined you are if you are using them, you are building a loan and don't have a way to pay them off. It's pretty logical.
You have identified a fact though. When I see a discount offered for opening up a new credit card at a place I'm about to make a sizable purchase I'll do it and pay the sucker off immediately and close the account. Credit cards are really dangerous and kids get hooked on the myth that they can handle them and the industry is more than happy to steer you along that path with the idea that they are somehow glamorous instruments. They aren't.
The credit card industry paid off congress to get a new bankruptcy law established last year which makes it very hard to file bankruptcy now. They saw that a lot of their customers were using their easy-to-obtain credit cards, running up huge balances and then filing bankruptcy. The first part of that equation is unchanged. It's just very hard to file bankruptcy now.
That should be and probably is the farthest thing from your mind. You probably won't listen to me but don't ever "roll" a balance. Pay off the card every month or else you are "living on credit" and you are paying all the salaries of all the clerks that work at your bank for every month that you keep that balance rolling along. |
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sad!!!!
 |
i dont have a card yet, but from what i heard from my parents, u HAVE to use the card sometime. if u dont and suddenly does, they might cancel it or freez it because they think its stolen. change ur cards every months.(one month use citi, one month use macy's) the more u use it the better the credit( u have pay it all off that is). that's all i know. hope it answers ur question |
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jones_marcellal
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it is only bad, if you don't pay the cards off |
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Maddy Waddy
|
It is not necessarily bad to have two credit card accounts open. What would create a negative affect on your credit is to exceed 1/3 of your credit limit on either. Your credit score is increased based on the way you use your card (you use it, not abuse it) and the ability to control your spending and the age of your accounts. Being disciplined is the key word. By the time you are ready to purchase a house or car, you will have a strong credit history and will be entitled to the best interest rates - saving your thousands of dollars a year. You go girl.
Use www.annualcreditreport.com to get a free copy of your credit report within the next six months. Citi may report your account as if the entire balance has been used, thus lowering your score. If they do, call Citi and request that your correct balance owed and correct high limit is reflected in your report.
For more information on how to handle credit and maintain a good credit score go to www.MoneyExposed.com. - |
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Mariposa
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It's not bad to have 2 cards. It's only bad if you carry high balances and are late making payments. By being disciplined and keeping both active, you are creating a good credit history. |
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Gone fishin'
 |
No. If you keep the payments up it is good for your credit. However if you are looking for a loan, your maximum credit limit will be one of your liabilities even if your card is up to date. |
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