 Does enrolling in a hardship program for my credit card effect my credit report? |
| hi I have a credit card that had a promo intrest and now it has expired the payment has almost doubled and its getting harder for me to pay it they are offering a hardship program that will pay it ... |
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 How do I refinance my auto loan? |
| Shouldn't a credit score of 626 and a DTI ratio of .19 recieve a better interest rate for an auto loan of 14,700 for 60 months than 11.9%? I've had my credit pulled so many times trying to ... |
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 Help! Collections Issue? |
| A little less than a year ago, i stopped paying my credit card. I know, I'm a bad bad person but I was a stupid college student. The amount I had on the card was only 600 bucks. It eventually ... |
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 Can I sue a cosigner on an old credit card for screwing up my credit? |
| My ex and I had a joint credit card in which we were both liable. She racked up a huge bill and then filed for chapter 11 bankruptcy. I understand that I can still be held liable. Now here is the ... |
|
 How much Credit Card Debt do you have? |
I have $12,000 credit limit on my cards and owe a total of 47cents.
How much credit card debt do you have and are you able to pay more than just the minimum payment per month?... |
|
 Credit card trouble, HELP!? |
| I have my VISA card and a taxi company charged me last July about $500 which I did not use. I called VISA last August and they said they will examine it. But I'm in foreign country and couldn... |
|
 Can I demand for an annual fee waiver for my credit card? |
| I've heard stories about some people calling in to the bank and threatening the line operator that if they are not given a fee waiver for the next year, they will simply cancel their card ... |
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 I have some credit card debt... HELP!? |
I have over $2000 of cc debt and it needs immediate attention and am afraid this is going to affect my credit somehow.
I keep hearing about a credit card with 0 balance transfer for 1 year ... |
|
 What is the best credit card offer for women with ok but not perfect credit after divorce or other life change |
| If you used to have perfect credit but have made some late payments following a move, job loss, deaths in family or health care crisis, erroneous charges or other fraud on accounts, or other life-... |
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 Is there a legit company out there than can repair credit? |
| I have heard about credit repair companies that can get negatives off your credit report but have heard that there are alot of frauds out there too. So has anyone actually tried one that works?... |
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 I need a list of lenders that will loan a home mortgage to someone with a credit score between 545 and 550? |
| I make 48k per year. Circumstances that have led to bad credit rating are a 60 day late car payment that occurred two months ago. The car has since been paid off. Credit cards are close to the max ... |
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 is my chances of being approve for a wells fargo credit card better if i apply with my husband? |
my mortgage is with wells fargo, my credit score is 730 his is around 720
we both r on the home loan with wells fargo
we both work he makes more money then me.... |
|
 how to sue a credit agency? |
| i want to sue experian for putting a judgement on my report that is not me. this cost me a 1/2 point on my ... |
|
 What are the pros and cons of debt consolidation? |
| I have 10grand in credit card debt, plus about 25grand in car loan debt. I have heard that debt consolidation is actually worse for your credit than bankruptcy, is this true?... |
|
 I have a Visa Gift Card and...? |
| I have $100 on it. It is activated but everything I try to buy that's under the amount says its declined except iTunes. So I bought a CD for $30 but it came back saying it was declined what ... |
|
 Need advice regarding wedding budget please? |
I am so scared about wedding budget...please help me!?
I have 8 more months until the wedding...Feb 2011. This is the expenses we have left.
Expenses:
DJ 530
Catering 1... |
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cancan36 | Should I get a credit card? |
I am a full adult, just have never been very credit savy.
I have been the last couple of years building up my score due to paid off loans etc.
I would like to get a credit card so I can go shopping and pay it off a little at a time. Or to use on larger purchases that I dont have the imidiate funds for.
I think of a credit card as like a loan that I get to pay off.
Is that the wrong way of seeing it.
If you are supposed to pay off the balance every month I just dont see the point in having one at all. Just to build credit.
They charge fees for these cards and interest, I dont want to fork out the money for those, just for the sole purpose of building a higher credit score.
Im sorry I am so ignorant about this, If someone can lend advise, would be appriciated. |
 |
 
tkquestion
 |
You got the whole concept wrong!
You do NOT want to borrow on your credit card. Interest rates charged on credit card balances are so much higher than any other consumer loans. By paying "little bit at a time," you'll never pay them off in reasonable amount of time. If you keep spending like this, soon, you will have far more debt then you can manage.
The beauty of the credit card is, you don't have to carry cash, worry about having enough cash in pockete, no change to worry about.... You pay it off every month IN FULL.
If you don't have enough money in bank to pay your credit card charges off at the end of the month, DO NOT buy the item. If you have a necessity that you must buy but don't have an immediate cash, get a consumer loan from elsewhere such as banks and credit unions. DO NOT borrow from credit card companies. |
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mary
|
nooooooooooooooooooooooooooo please
do yourself a huge favor and don't get stuck with these creditors. no body told me and i did it . now i messed up and you don't even wanna look at my credit history.
pay off your loans and that is good enough for your score
you are not building your credits with these cards . they get you in and then you shop and shop and one day you see you can't afford those payments and those bills every damn month and ...............
good luck
use your cash money better than these cards.
no intrest and no bills. |
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mom of 2
 |
NO!!!!!! The interest rates will eat you up. The only way that it is not so bad is if you pay your balance in full each month, which will be more than what you actually spent. Read up on it before you make a decision. Look for a site that will give you pros and cons. |
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mpento
|
credit card should only be used if it is convienent instead of carring cash around. It is not a good way for getting a loan. They are setup to make the issuer money. Unless you think you will pay it off every month it will probably mess you up. The issue is can you keep in budget or are you going to spend more than you earn. A credit card will let you spend beyond your means but you will pay for it. |
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Jeremy P
 |
A credit card is a great way to build and improve your credit score! People that recommend against them-- obviously don't (or can't) use them correctly.
Since you've already taken out (and paid off) loans before, you've gathered experience and established some good credit history. GREAT JOB! Rather than apply for a credit card for poor / no credit, you should be able to apply for a 'standard' credit card with a lower APR and less fees. I would recommend the Chase Platinum Card here:
http://www.asapcreditcard.com/0-apr.html
** I'm recommending the Chase Platinum because it has the 'loosest' approval guidelines...
The best way to use a credit card to improve your credit score, is to carry a small balance from month to month-- and continue to make regular, on-time payments. Don't ever miss a payment-- or be late! This will drop your credit score drastically.
Also, try not to let the balance on your credit card exceed 50%-60% of your total credit limit. If you use up all your available credit-- it will look like you're in a 'crunch'. This will look bad and increase your debt / income ratio-- which lowers your credit score.
Obviously, you should compare credit cards yourself-- before you choose. You can find a complete list of credit cards (with comparison charts) here:
http://www.asapcreditcard.com
Hope this helps. GOOD LUCK! |
|
indronil s
 |
No credit card is not like loan but i think you can findout some cards which suits you best.
To know more visit
http://onlinepaymentoption.blogspot.com
and
http://creditcardbiz.blogspot.com |
|
OC1999
|
Yes a Credit Card techically could be considered a very high interest loan. There's are a couple of ways to look at if you should get one or not.
If you have not needed one now and are doing just fine there is no reason you should get one unless -
You are going to get a major purchase in the near future such as a car or house. Building up your credit now will get you better interest rate down the road. Start with a Store Credit Card or one that has no annual fee. Once you have it there is nothing that says you can't pay it off each month, and really this is the smart thing to do. This will save any interest charges. While you do this you are building a positive history.
Just do not get into the trap of impulse purchases, this is where most people get into trouble. If it is something you can not pay cash for, you should not put it on the credit card. |
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WESS LB
|
Banks are money making institutions. When you deposit money in your savings or checking account at the bank, the bank does not hold on to your money for you until you come to take it out. Instead, they keep a little of it around in case you and the other depositors want to take some out, but most of it they rent out to borrowers.
A credit card is a pre-approved bank loan. You use the card to purchase something at the store and the bank sends the store the money (minus a fee they charge the store). You now have a loan from the bank for the amount of your purchase. You pay back the bank over time for the amount of the purchase plus the rent for the money you rented from the bank. They call this rent 'interest'.
Banks also charge annual fees for their cards so they can at least make a little bit of money even if you never use the card or always pay off the card before any interest (rent) is due.
Check out the resouces . . . |
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Emperor D.
|
Yes, get it one. |
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