 Help! Should I use my savings for a down payment for a car or to pay off my credit card debt? |
My debt is $6200 and I have 7000 saved up. I am going to get a car regardless because mine is on its last leg.
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I neglected to say that I am in credit counselling. I ... |
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 Can I lower my interest on a bank loan? |
| I have a decent size loan out (about 13 G) from a bank. I see they are charging me a 10% interest rate when my credit score is over 750. That sounds like BS to me. Is is possible for them to lower ... |
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 How can I confirm that the job I got through E-Mail is scam or real? |
| I have got a job offer from Zenith Bank Plc London (UK) as senior Manager (Credit) at their London Branch. Please confirm what is avarage salary is being paid to senior Manager in Banking ... |
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 Whats a 1,000,000,000,000,000,000 times 1,000,000,000,000,000,000... |
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 Cosigned with fiance and she just left.. what are my options.. she is threatening not to pay? |
Signed an 8000 loan with fiance to pay for her last semester of school. We are splitting up and she is saying she wont pay for loan... what can i do?
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Yes I understand ... |
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 Does anyone know how to improve your credit score in a short time? |
| I need to refinance my house but my credit score is 525. I need it at 580 minimum to be able to refi with a good rate and get cash out. Does anyone know how to get a score up that much in a short ... |
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 I recieved a letter saying an award had been entered against me in the amountof several thousand dollars from? |
| a company I have never heard of with a company called National Arbitration Forum. Never received a notice to appear, but had received something months ago from this company saying they were going to ... |
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 Where can I apply for a Loan??? |
I would like to apply for a small loan (no more than £500).
Can anyone recommend good sources with a not so huge APR???
Thanks F... |
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 Anybody know where a 17year old could get a loan of £4000? |
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I could save but dont want to wait 3month for the cash paying it back will be no problem.... |
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 If I had $500k in credit cards with $250k available for cash advance what would happen if I did the following? |
| If I had 20 major credit cards with a total credit limit of $500,000 and a cash advance limit of $250,000. What if I wrote the cash advance checks for the $250,000 and put them in the bank and went ... |
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 Should all Americans boycott credit card companies and not pay their bills for 6 months unless they drop INT.? |
| Unless credit card companies stop hosing it's customers, I say all credit card holders have a national boycott and not pay their credit card bills until these vultures (slimbagcorporatedexecs) ... |
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 Will the bank give credit/a loan to a couple working full time that are renting? |
Its for a holiday, just wondering if they would....
Not massive wages either.. Any help much appriciated Thanks!!!
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Ages 20 & 23... |
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 How do I take a person to court for money I lend him? |
| I lend my friend $10,000 To buy a new motorcycle and retrive his License it's been 4 months since He agreed to pay me back a sumof 500 a month till the debt is covered he has not given me ... |
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 What should i put for the name for the credit card on paypal? |
| i just made a paypal acount i want to add a credit card, when i want to add it it says i need to put the first name on it... i am using my moms credit card so should i put my moms name on the card or ... |
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 What credit card company's do offers on 0% interest rate for 6 months or more? |
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I mean 0% interest on APR.
Im not botherd about balance tranfers or purshases !... |
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amk9004 | Suggestions of credit cards to re-establish credit? |
I am trying to re-establish my credit and already have cards from First Premier Bank, Household Bank, Orchard Bank and Capital One. Does anyone know of other banks or companies that are worth applying to? I have done some research and it seems that most of these cards have a low credit limit and high fees. |
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Katherine Says...
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If you are trying to re-establish yourself, I advise you to not apply for anymore cards. Not only do you already have too many already, new inquiries on your credit file bring down your score. Adversely, not many people know, but when creditors look at the amount credit they can allow you, they look at your total available credit. So even though you may not have a single dollar owing on any cards, the fact you have 4 cards that you potentially *could* have balances is a deciding factor. Another factor is your available credit in relation to your income. Tens of thousands of people are rejected for additional credit for these reasons - and this isn't even taking into account your FICO score.
Close off the accounts you don't need and reduce credit lines on those you keep. You may think having lots of availble credit is good, but it really isn't, especially if you want a mortgage or refinance a mortgage. Make sure you pay everything on time and make much more than the minimum payment - if you can't pay in full. Follow these steps and within a three years you will have excellent credit history. |
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bic
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the more you have the worse off you'll be. just pay off your bills on time. |
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Lori K
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I wouldn't suggest credit cards at ALL to re-establish credit. They are more apt to get you back into the same hole. I'd suggest a small personal loan at a bank. Take the loan, deposit the money and repay over a period of 6-12 months. Don't spend the money. Pay promptly. This will do FAR more towards restoring credit than applying for a multitude of credit cards. In fact, EACH TIME YOU APPLY your credit score becomes worse.
Good luck |
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Yung Lippin
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forget credit cards...get debit cards because in the long run ur fico score will be terrible(get one credit card and use it ONLY for REAL emergencies ie. mortage) |
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Katie
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I don't know who told you to do this, or do you just need credit to purchase the things you need?
First of all, all you need are 3 open lines of credit. and you have 4.
Secondly, no, owning more credit cards do not boost your credit, it will get you into trouble.
Third, by paying off one of those credit cards now, will boost your credit score.
Fourthly~ Get a car loan and pay it on time, if it's really "Re-establishing" your credit you are concerned about.
A mortgage loan, auto loan, boat loan are your 3 biggest loans you'll prob. ever get.
They only require 3 open credit lines paid on time and not at the maximum amounts. |
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pdevans1963@rogers.com
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sounds like you have enough. I rebuilt my credit with one secured card from one bank. if you arent careful you will get in worse trouble than before you lost your credit the first time. .....
use the card to pay for goods but have the money in the bank to pay for all the purchases you DO make. just a few transaction promptly paid each month will do the trick. like gas for the car or groceries. then pay online to avoid any interest
you dont want to bury yourself in debt re establishing credit |
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wyldbilld
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This is a good. Do you have a bank account? If you do, then you can get a fixed amount credit card from the bank. It'll only give you what you have in your account, that way you don't have to worry about going over, and tha way it'll build your credit. |
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wes g
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uhh,,,,i had one through my bank and its us bank they started me with a 1000 limit. |
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K
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Discover may have one, but go directly to their site to be sure. discover.com
Two others to steer clear of are Applied Card Bank and Aspire Card. |
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SpankyTClown
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Best ways to rebuild your credit rating is to first set up automatic withdrawal on your usual monthly payments of bills. Electric, gas, phone. That goes further than you think.
The credit card is pretty simple. It's based on the fact you are carrying a balance.
Take a card, take out the money, all of it. Have the interest ready to pay, wait two months and pay the bugger off with the interest over the two months. Rinse and repeat as necessary. |
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