 I just got a letter? |
from the bank saying I got to pay £28 maintenance fee
anyone know what thats ... |
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 A question about my car loan? |
| I purchased a car last year august with bad credit and now have a high intrest of 23%. how long should i wait to try and refinance. my credit is really not any better ... |
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 How long does it take for a negative mark on your credit report to drop off? |
| I had a great credit score until there was a mix up with a cable service that I cancelled but still billed for. I now have (2) derogatory items on my report. I am in the process of disputing this ... |
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 My 1st credit card? |
| how and where can i get one? im 23 and have always just used my debit card. as for my credit i had a few problems a couple years ago but have but have been good for about a year. what is the best way ... |
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 Ex-fiance co-signed car loan (I own car & make ALL pmts) & now wants name off loan-who's responsible to remove |
| Car is in both names (registration) but insured in my name. I have been the sole driver of the car since purchasing it. I have made ALL payments. Ex does not want his name associated with loan. H... |
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 Need to pay a debt by tomorrow or else i have to go to court.? |
| Hi i live in CO and have a collector demanding i pay a discover card i owe 3k on from 1999 when my husband just left me, i could not pay it. This collector is giving me an option to pay 1500 now and ... |
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 Accepting payment from a possible stolen credit card...? |
| Ok, I sold an item on Ebay and it went to someone living in Africa. They have a negative 1 feedback score and someone from the "UK" footed the bill on their credit card in my paypal ... |
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 $40,000 in credit card debt and can't pay..any solutions? |
| My husband and I are in over our heads and we have a baby on the way. We are barely making minimum payments now and we have called to lower interest rates etc. and they are pretty low. My husband ... |
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 My credit score is at 680, but I need it at 700 to get a mortgage loan. Any way to raise my fico score fast? |
| We need to close on the loan by Feb. 1st. We are selling our house and paying off our debt with the proceeds from our sale. Will this raise our score? Would it be better to pay off credit cards (... |
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 I need a loan i have bad credit? |
| i am in australia and i have collecters chasing me for 12oo dollars will any company help me i am disabled . i own a car to put up for security is there any companies that will ... |
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 How can I get rid of a lot of debt? |
| Okay I have seriously screwed myself over with stupid decisions and I need serious help. I have... I think 4 credit cards that have been maxed out for months and owe about $8,000-$9,000 (my last ... |
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 Whats the best way to establish credit if you dot have any? |
| i dont have any credit and im 19.is a credit card a way to establish credit and if so what credit card is good? HElp give me some ... |
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 Can collections agency collect on a debt that hasn't ben paid on Since 1999? |
| I have just recieved a collections from an agency that say I owe them money from back in '99. They said that no payment has been made since Nov '99. I have requested information about ... |
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 I have really terrible credit. But all the accounts have been untouched for 5 years.? |
Is there a decent credit card out there with no annual fee that would help me establish my credit? I've been turned down by dept stores! I need help. Thanks
Additional Details
T... |
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 Car repossessed, legal advice? |
| My 23 year old son had his car repossessed back in December 2006. He was told by Toyota financial, that he had to pay the balance on the loan, plus towing, plus impound fees. It came to over $17,000. ... |
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 I need some help with credit cards? |
| Im 18 and I have no credit history. I want to establish some credit so in the future I can get loans for school or for a car. Is there a credit card that would approve me even though i dont have a ... |
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Cassie | Question about credit card, to gain credit? Paying off balance in full every month? |
I need to establish credit, so I have applied for a BancFirst credit card, and my plan was to make like a $50.00 purchase or so each month and pay it off at the end of each month, I am now being told that it will not work, that for example, If I make a $50.00 purchase, I have to pay for instance like $30.00 to build credit, if I pay it off in full each month it wont build credit. Is this true? I don't want to get my self into credit card debt, but I need to build credit I have none. |
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mingling
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You can build credit by having a credit card, keeping a credit card, paying off your credit on time- it does not matter how much, just that you have a credit card and you dont go over the limit as well.
Keep the card for a while...you can also build credit by having several cards...low purchases (nothing major) and pay them off as you wish.
I have a couple...I make regular on time payments with them and I am building my credit.
Just be careful that you can make at least the minimum each month and I would definitely sign up for the automatic payment of the card that way you are sure to never default on the payment, incur fees, and lower your score. The more revolving credit lines you keep in order and paid the more you will build your credit. High balances paid off on time will help boost your score. Consider using your credit card as your form of payment and pay the card from your checking ea. Friday. You may gain percentages back for purchases- I know Discover does that- I earn cash back on certain purchases each month. |
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SPIFIMAN1
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That is not true.
I have used 3 credit cards for over 2-years for just about everything each month except lunch and always pay them off in full before the due date and my score has gone up will over 150-points and I earn lots of cash back rewards each year just for using someone elses money for free. |
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silver
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My husband and I pay off our credit card balance every month, it does not matter how much we charged...50.00 or sometimes 2,000, our credit rating is excellent. I have never carried a balance. |
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Earl s
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pay it off every month, it shows you know how to manage your money. I've been doing that for 20 years & have a high score. |
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Dani D
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No, carrying a balance does not help your credit. You will end up paying a finance charge that way. If you pay it off every month, you will build your credit because your credit report shows how often you are late and so on.. check out bankrate.com or myfico.com. they are great resources! |
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src50
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You were told wrong. You do not have to carry a balance to "build credit." It is your record of on-time payments that will build credit, NOT carrying a balance. |
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gambitgrrl
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You don't have to carry a balance to build credit. That's a myth.
My aunt and Uncle have a spotless and awesome credit rating and that is one way they did it.
They purchase all their food and gas each month on their credit card and pay it off every month. It helps them keep track of what they are spending and where they are spending it, and it helped them establish a great credit rating.
"Credit bureaus don't care if you pay off your balance each month. They're interested in how much of your available credit you use. If it's excessive, your credit score will drop." |
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theriverrat7
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That is not true. Paying off your credit card on time every month is a great way to pay off your credit. A benefit to paying it off every month is also that you will avoid paying interest. |
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last_minute_shopper
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I think it depends sometimes i carry a balance sometimes i pay in full..i dont know how they build your credit..i just know that they have increase alsmost double my credit limit..( i never use it) since i got my card..i wonder why... |
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Anjell
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There is some truth to this. Where as paying off your debt in full each month is responsible and honorable. The whole idea behind revolving debt such as a credit card is that the debt should actually revolve.
If you don't ever leave a balance the debt to income ratio won't change, leaving little to calculate your credit score with.
For the first several months leave a small balance just as you mentioned above, after about 3 months or so you can re-start paying again in full. The only down side to this is you will incur interest on not just the balance but the entire charge.
Personally I wouldn't worry about it too much, just pay and in the future apply for different types of credit. |
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