 Payday and no pay? |
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 What happens if you lose your job when you have applied for a credit card? |
| i have applied for a credit card and i told them that i had just been hired. i was there 2 weeks and they ended my contract. do i have to tell them i am now earning less and can i still use the ... |
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 I have no credit!? |
| I have no credit at all! I have been applying for credit cards to try and build my credit up but none of them is giving me a chance. I would really like some credit! I couldn't even switch to a ... |
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 Could some please explain a little about establishing good credit? |
| I really don't understand credit scores --- I don't have a credit card or anything -- could some please explain a little about establishing good credit -- what's a good credit score ... |
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| I have no credit and no job. I keep getting these "pre-approved" cards in the mail. I want to build credit so this is my strategy. Buy three cards A,B,C card A I buy 700 bucks is consumer ... |
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| I try to apply for one but it keep sending me to other loan pages.... |
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| I've got $60,000~, I'm a sophmore in college, but not interested in academics at all and would like to pursue other interests. Is there something I could do with that $$$? Finance my own ... |
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 Question about credit card debt? |
Like many Americans these days I am having trouble paying my credit card debt.
The balance is $8,000 and I am having trouble making the monthly payments.
What is the best course ... |
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 Credit Card Advice? |
I'm 18 years old and beginning as a freshman in college in the fall..
Is there anyone out there that could recommend a hassle free good first credit card.
I just want to start ... |
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| I try to keep a zero balance. So, when I make a charge I pay it online usually the next day. Is this bad? Should I wait until the end of the month? --Thank You!... |
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| I think I did this once but I can't really remember. Is there a (safe) website where I can input my information and see how much I owe and to who? I think I have most of it taken care of already ... |
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| I have only one negitive on my credit report, 90 day late payment on a student loan from 2003. The loan has been payed in full for over a year now. But, I am unable to get a line of credit to ... |
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 My cousin has been trying to get a credit card for the past few months, only to get rejected....? |
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| I am a 24 year old in California that is currently unemployed. I am a full-time student and have less than $1,000 coming in every month. I have around $15-$20k in unsecured credit card debts that I ... |
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 What is the best company/solution to consolidate my credit card debt with? |
| If I do not have a perfect credit score and I am past due in some credit cards what is the best company to consolidate debt with so I can make one payment?... |
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 How good does your credit score have to be...? |
| to get a $30,000 unsecured credit cosolidation loan with a decent interest rate? I dont want to start applying for loans if I dont have a chance.... |
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kamui r | What Credit cards should I close to maximize my score? |
I just paid off all of my credit cards and now I'm left with the following cards all with zero balances (I know it's a lot, sorry):
Card Date Opened Credit limit
Capital One 2007 2000
Badcock (furniture) 2007 2000
Visa 2006 2500
Visa X4 Cards 2005 1500 (each)
Lowes 2005 700
Shell 2005 350
Brandsmart (electron.) 2005 3500
Amex 2005 2000
Home Depot 2005 2000
Sears 2002 500
Master Card 2002 1800
Target 2001 200
Master Card x3 2003 500 (each)
Mobil 2004 1350
Additional Details
I guess I should restate that I'm purely trying to boost numerical fico score, thanks for all the answers. |
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SPIFIMAN1
 |
I am going to disagree with just about everyone and say keep them all open except the 3 Master cards opened in 2003 and the 4 Visa's opened in 2005 only because it will be so hard to keep track of that many of the same type cards.
Since a full 30% of your score is based on your debt to credit ratio you are now in great shape.
Simply use all of the rest of them at least twice a year for every day thing that you would normally pay cash for and pay them off in full before the due date.
Remember it's not how many cards you have that counts, it's how you manage the ones you have. |
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♥Chastons Wifey♥
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Closing your credit cards would not benefit your FICO score. Just shred them up. |
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cmatthaios
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keep the older ones
the longer you keep credit running, the better.
closing newer ones will not hurt |
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bdancer222
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Keep the two oldest major credit cards that do not have annual fees. You might keep one of the newer accounts if it has better interest, higher limit, or rewards. Only keep store and gas charge cards if you have some special purpose and actually use them.
Close the rest via mail and request written confirmation that the account is closed and 0 balance.
Lots of people are going to tell you to keep all those accounts open. But having a stack of credit cards in your sock drawer is a really bad idea. You have to secure and monitor all those accounts against fraud and ID theft.
Closing all those extra accounts will initially lower your score. However, as long as you don't carry balances, your score will quickly rebound. |
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lukash20
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i heard that closing a credit card lowers your score. i would just pay them off and keep them active. |
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tamrn02
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NONE....only ones you should closed are the "secured" credit kind, otherwise....leave them all and keep them at ZERO balance. Will look great on your credit. Looks like you are allowed credit but don't use it. It builds trust.
After paying all of those you probably just got a big boost on your credit score. |
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soundman_jaybee
 |
All of them that you don't use.
What I hadn't appreciated is that when assessing your status, a prospective lender will look at your available credit on cards that you don't use.
You have a total of approx $26,000 available credit, any prospective new potential lender may view that at as risk in case you start to use that credit and end up in a position where you can't possibly pay it off. I made the mistake of applying for a new 0% interest credit card whilst I had six existing cards with no debt, I was refused as the potential credit that I could have taken advantage of was very significant, and the lender did not want to add to that stockpileof 'potential' debt.
I got a credit report which showed me all these accounts that I had forgotten about, I closed off four of the redundant accounts and got a card from another bank straight away...
Keep the one or two with the lowest interest and make sure you write to ALL the others terminating your account. |
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Jeff
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Close ALL of them.
This is an identity theft disaster waiting to happen. |
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greeter7
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The smart thing to do is to cut up all your cards but two. Actually one is ample. Make a deal with whichever one you keep by calling and speaking to them. If you have a good credit rating you should be able to get a GREAT interest rate. For instance I have a 0 % with three card co's for a year then after that they guarantee me nothing over 2.9. You may be able to do the same. As you know you only need one credit card and the best thing to do is pay it off tottally each month. |
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markpwilms41m
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Close every one of them, and use a debit card for all of your purchases. Having all of this potential credit lying around is just asking for trouble. Get in the habit of paying cash/debit card for everything. |
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