 What is the best credit card for me, I have very little credit? |
| I am trying to get a credit card to start my credit, but so far I hve been denied by Capital One and Chase (Master Card.) I am a full time college student and I don't have a job on the books. I... |
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 Payoff Closed Credit Card Account? |
| My credit card account has been closed by the creditor, but it has a balance due in the amount of $908. I'm working to clean up my credit report and payoff any outstanding debts. Should I pay ... |
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 How good does your credit score have to be in order to qualify for a car loan? |
| I want to trade in my car but I don't know if my score is good enough. Its at 687 right now ... |
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 Do credit cards improve your credit score? |
| Im trying to improve my credit score, (which is in the medium poor range), I just opened an unsecured credit card with a small credit limit, (300$), I was thinking of opening another small acount, W... |
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 Bad credit car loan? |
| Okay i have awful credit from past young stupid mistakes. I make great money now and could easily afford a car payment. however, i cannot find anyone willing to take a chance. i realy wish you ... |
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 I have a credit repair guy that says he can remove slow pays etc etc from my credit. for a fee.? |
| Personally I don't care about the ethics behind it I just don't want to get ripped off. He says he can do it for about $300. Anyone out there have any luck with credit repair??... |
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 My bank notified me that a check I wrote was returned. What do I do now? |
It was for a credit card payment to Target. Do I need to go there or will that contact me or will they just try to re-deposit it? I have the money to cover it in my account now.
Additional D... |
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 Why do banks ask for your national insurance number when you're applying for a bank account? do they check |
Additional Details
the number, because i can't remember my number i think i got it right but now i'm not ... |
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 What can a prospective employer see in a credit check done to a prospective employee? |
| What I mean is can they actually go into detail with your accounts, etc.? OR do they only see you "credit rating" or "score"?? Someone with experience as an employer or manager, ... |
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 Do you mostly use cash,write checks,or use a credit card to buy things?? |
| I always use my debit card......i rarely use cash,or write checks unless i am paying a bill.I don't have any credit cards so if i don't have the money in my checking account,iwon't buy ... |
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 What does a 649 fico score mean? |
| I found out my FICO score is 649. The worst thing in my credit report was I missed some payments on a credit card for 3 months about a year ago. Also, I had a lot of open accounts, but I don't ... |
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 Bankruptcy? |
| My freind was made bankrupt about four months agao and i finding it hard to get a debit card he doesnt want an overdraft or anything he just want to be able to get his wages paid in and that has ... |
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 I need help . my friend open a credit card in my named and she add her self as a authorize user .? |
| she apply thru the telephone she have used the card in her named and also made payments. i call the card company and close the account. but they are still want to charge me for the amount. they said ... |
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 How bad is my credit? |
I know I could get my credit score but it costs money and many of you are knowledgeable enough to help me out for free!
I'm only 19 but I want to get a car loan soon. I am wondering ... |
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 Help! The bailiffs are coming.? |
| I've offered what I can afford to pay but they rejected it so I've put it in writing and am waiting for a reply. If this doesn't work and they come to my home how are they allowed to ... |
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 Which looks worse on a credit report? |
| Having open credit cards with no balance, or cancelling them before they expire?... |
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 I've been trying to get an auto loan??? |
| I found the vehicle I want to purchase. I am 20 years old. I can comfortably afford the payments. I only have 2 credit cards, with a total of less than $600 owed. (lol) I have never financed a ... |
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Kramer | Should I ditch Capital One, and get a new credit card? |
Hey Guys!
I'm Alex, and really need your advice on this subject. I currently have a Capital One Visa credit card, but seriously thinking about canceling it because I've heard so much BS about that company. That they don't report the right information to the bureaus, and will most likely end up hurting your overall score. Should I ditch them and get a credit card with my bank which is Banner Bank Visa? Would that be a better idea than to stay with these cynical *** holes? What are advantages of owning a Banner bank credit card, is this a good movie? Can I have all your honest opinion's please...no smart remarks. I know that canceling a credit card ruins your score, but what's the point staying with Capital One my score is already ruined right? I want to develop a good rating score for when I need a personal loan/auto loan or whatever it maybe.
Thanks in advance.
Alex
Additional Details
What credit card would you recommend, one is that accpeted everywhere, great rewards, cash back, etc? All your help is appreciated, I wanted an American Express but turns out that is a bad idea? |
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echo
 |
As much as I dislike Cap One, you might keep it for awhile.
They have had many complaints filed against them for not reporting limits so there is a possibility that by this fall they may start reporting the credit limits.
As for suggestions on what cards you might apply for, that would depend on what your credit file and scores are like.
If you are subprime, you might try with Orchard or HSBC.
If you are inbetween sub and prime, you might try Hooters or Juniper's Carnival card or Juniper's US Air (US Air does have a fee, but it is waived for the first year and you can always try to convert the card into another Juny product)
If you are closer to prime you could try Citi, Discover, Chase (Chase Freedom might be a good start and you can always try conversion to another card if it's not exactly what you want)
Anyway, without knowing your scores and if you have baddies or if your reports are clean, those are ONLY suggestions.
You might click on my profile and click on the last link listed. Then look up on the top right hand side of the page for Credit Pulls, click on that and enter a card are card company to see what people have applied for, what their scores were at the time, if they were approved, etc., etc., etc. |
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azjohn2001
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Your concern lies in the fact that Capital One reports your high balance as your credit limit rather than the actual credit limit of the credit card. This may result in a slightly lower credit score, because your debt to limit ratio may be higher.
This may impact your credit score slightly, but it is not going to "ruin" it. The most important thing to building a strong credit score is make ALL of your payments on time. Making late payments will kill a credit score quicker than anything.
Before canceling the credit card, ask yourself this question - how many other credit cards do you have? If Capital One is your only credit card, canceling it will definitely hurt your credit score, as your are taking away your only active trade line. However, if you have 3 other credit cards with no annual fee, and Capital One charges an annual fee, by all means drop Capital One!
If you are interested in applying for another credit card - go here: http://www.creditcards.com - it is a good website. It has info on annual fees, what perks the credit card might have, and what type of credit you need to get approved. |
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Chane
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CAPITAL ONE SUCKS! You are absolutely right, they don't report information to the credit bureaus correctly and it hurts your scores! |
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kykeklunk
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if you want a new card, great.,.. but dont cancel this one= leave it unused, at best but do not cancel.
your credit score can suffer if you do.. becuase your average age of accounts will take a hit.
(pay off the balance one moneth besides $5. teh next month pay off the $5. this will help it report accurately for the purposes of getting your score high.)
i'd advise you to try MBNA if you want a manual review of your app (good if you need to talk to someone and hope for a better Credit line or if you think a computer will not asses you properly) or citibank if you want an auomated approval/decline. |
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Jeremy P
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You're right... a lot of people have problems with Capital One. If you're thinking about switching, here's a good place to compare other offers:
http://www.asapcreditcard.com
I wouldn't worry to much about cancelling or deactivating your old credit card. YES, it can have a slightly negative impact on your credit score-- but it's not going to "ruin" your credit. If you aren't happy with Capital One, you should get rid of the card-- or at least payoff / transfer the balance.
Hope this helps. GOOD LUCK! |
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Matthew C
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Pay off your card, and cut it up or lock it up somewhere. I had a Capital One card and it took me over an hour to get customer service...and when I do, I have to talk to some foreigner who cant speak English or who floated to this country on a door or other piece of debris!! I got a Discover card, they have excellent cash back benefits. You can check them out at discovercard.com. Alot of places don't take discover, however. A Visa or MasterCard are the most widely accepted. |
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Advisor
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Yes, if you are looking for a better credit card company I recommend Chase
http://www.ccvault.com/credit_cards/chase.php
I've never had any problems with them.
good luck |
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MissV
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Who says cancelling a credit card ruins your scores? If you're having problems with Capital One, then by all means either transfer to another card, pay it off and cancel. But don't make your decision based on what others have said.
I had one several years ago. When they let me go over my limit, I was hit with a ton of fees and still took several months to get it under the credit limit.
Now, it's gone. Paid off, done with. And despite what seems to be hundreds of solicitations, I have not returned.
No one card is much better than another from what I've seen.. They all change colors and stripes when they don't get their money on time. |
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michelle r
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Just because you hear rumours doesn't mean they are true. Do you know for a fact that your credit rating is ruined? Better to pay off the card you have now, otherwise you will be paying a higher interest rate on a new one later on.
Say....what's in your wallet? |
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John H
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Join a Credit Union and apply for on of their cards and request a balance transfer to pay off Capital One the after you paid it off cut up their card bur do not close the account as the payment history will still reflect on your credit score as positive. |
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Missy Q
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Capital One isn't the greatest credit card out there - but no credit card should harm your record provided you pay on time and keep your balance to about 30 % of your total credit limit.
That being said, American Express is known to have a lot of benefits. Their points / rewards system is hard to match.
The bottom line is that you need to use your credit wisely and you won't get problems on your credit report. You won't be penalized heavily for closing a credit card account provided it's closed in good standing. |
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npwinder
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Closing it will hurt your credit score.
part of the score is figured on how long you have had credit and how much credit you have available to you.
By closing it your average time goes down (as stated before) and the amount of credit you have available to you goes down.
These are both some suggestions Experian gives as tips on improving credit. |
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