 How do you answer the question of 'Gross Annual Household Income' when applying for credit? |
| I have two roommates. None of us have any financial obligation to each other, other than paying rent and utilities. When asked 'What is your Gross Annual Household Income?', do I respond ... |
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 Are there any companies who will loan money to buy a car when the person applyIng is on DLA? |
| My father gets it and wants a car but doesnt want to lose all of his allowance to get a car -even tho its a good scheme.... |
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 Which website is the best to get a free credit report from? |
| I know there are a lot of them out there but, I don't know which one is the best.... |
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 Help im soo young with thse credit cards? |
| k well im 16 and i have about 6 credit cards in my name saying im 18 when im rly only 16. my parents pay them 4 me and sometimes have me give them some money from the atm for them because they have ... |
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 Settling credit card debt? |
| Ive heard various radio commericals pertaining to this topic. I have alot of credit card debt well over 20k i would say; however, my credit is pretty good (timely payments, no overcharges, etc...) My ... |
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 Can I get an auto financed if I have a repossession? |
| I just had my car repoed, because they don't refinance, so I couldn't keep paying the high payment, if they could have worked with me then this would not have happened, I had a financial ... |
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 How long can someone keep a check for? |
if someone has a check, and hasn't had the time to cash it yet, how long can someone keep it for, before they aren't allowed to cash it?
Additional Details
I'm the one who ... |
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 I'm seeking advice on spending addiction - SERIOUS answers only, please? |
| I don't carry credit cards, but I have a bad habit of overspending my budget to the point that checks bounce and I wind up in a financial mess. I have even been suckered into those cash advance ... |
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| If an adult has no credit history, what's the best way to establish one? |
| My neighbor is 47 and has only paid cash for everything. She would like to have some kind of credit history.... |
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 Hey, I got an email that told me I won a lot of money, but now no one has responded? |
This is what the email said:
WE ARE PLEASED TO INFORM YOU TODAY 17th OF July 2008 THAT YOU HAVE JUST WON YOURSELF THE SUM OF 0ne million euro file number 623-880-1121.serial number 553442:Q... |
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 If I make one late rent payment to my apartment, will it hurt my credit? |
| My roommate's bank account got messed up with pending deposits and so our rent payment check bounced... we have the money to pay it (and the late fees) a week late, but the leasers have already ... |
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 I have one credit card and excellent credit. Will getting a new credit card affect my credit score? |
Additional Details
I have a balance of $1600. I have never been late with a payment and I have had it about 5 years and it is the only one I have. I want to transfer that balance to a 0... |
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 Can I make a payment to a credit card that currently has a 0 balance? |
| I'm making a purchase on my credit card, but the purchase will be about $100 over my limit. If I make a $100 payment to my credit card that currently has a 0 balance (so my balance will be -$100... |
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Ty | Should I tear my oldest credit card or just cancel it? |
Hi, I have my oldest (first) card which helped me acquire a credit history. It is now an unsecured credit card with its own benefits (my credit history is solid). My financial institution that issued that card to me has me pre-approved for another credit card with all of the benefits of my first one, PLUS a higher credit line and a Rewards program.
I want to go for the new card because obviously it's better. However, keeping track of too many credit cards gives me headaches! Should I cancel my first credit card, OR is just ok to pay its balance, tear it up and never use it again to make any purchase? |
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Peter C
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Do not close the card cause it lower you available credit line. You also can use this service to pre-estimate future scores for different scenarios of credit card payments. - creditreport.imess.net |
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Leroy
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DON'T close it! Just pay the balance and don't use it. Your oldest credit account is the one that makes your FICO score high! |
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Judy
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Some of these answers I do not agree with.
Your oldest card establishes the length of your credit history. A BIG part of your credit score.
Use credit wisely. Use your card for things you need and pay it in full each month. This will give you top notch credit - I am proof. No need to ever pay interest to get top scores.
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bdancer222
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You lose the history if you close your oldest credit card. Pay it off and use it every 3 or 4 months for a small purchase which you pay in full. This keeps the account active. If you just stop using it, eventually the credit card company will close the account for inactivity.
Of course, 'oldest' account is relative. If we are talking about an account that's only one or two years old, closing it wouldn't be such a big deal. But if it's more than 4 years old, you should keep it active. |
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stephenweinstein
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Do not cancel it. Doing so will mean that you will no longer have a card that old, and that will lower your credit score. |
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tigerkeet
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Keep it. I had a friend whose mother put him on her credit account when he was really young (like 9) just to help him establish solid credit early and it really worked. When we were about to go to college he had an AMAZING credit score. After we were just leaving college, his mom closed the account because it also had her ex-husband on it as well and she thought it would be better that way. His score dropped overnight almost 200 points. His own credit history (without that card) was great - no late payments 1-2 revolving accounts, a student loan that was up to date and a very high limit credit card with little charged to it, but when he asked what had happened to his score three different people in the banking/credit/mortgage industries explained that the loss of the longest held credit account was a huge damage to his credit profile.
Keep the card, put it in a safety deposit box and don't use it. Find another card you really like and open that unless you will have more than 6 cards upon getting this new card (though since the rest of your credit profile is good, that shouldn't cause too much disruption of your credit score/FICO). |
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Brenda
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I'm happy to hear your credit history is good and all is well there. They will continue to market to you to spend your money and hopefully get into debt with them. that's the whole point of the exercise by the banks.
If the old card is meeting your needs right now in your life and you've not been in the need of a higher credit privilege on a credit card . . . why bother with the new card ?
Remember ~ you are being marketed by the banks.
Go to Conscious Media Network and listen to the interview (under interview tab) with James Martinez . . . I think you'll find it interesting. |
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src50
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What purpose is served by "tearing it up"? |
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evileye322
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i second everything bdancer says. (some people that truly don't know credit shouldn't answer.)
don't cancel, and dont never use it again.
just use it sparingly to keep it active. |
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Bill K
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just dont use it. the more open credit you have the better your credit score will be. |
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chicnlips2012
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I would do both cancel and destroy........Or give them all up. as I did along time ago |
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animation
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just tear it up and never use it again for awhile then cancel it. if you all a sudden cancel it, it actually looks bad on your credit. i might not know your whole situation but thats what a friend told me |
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TheHelpfulSource
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Close it, Believe it or not too many cards will mess up your credit score |
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