 What is ones credit score after Chapter 7 Bankruptcy Discharge? |
| Hi, my husband & I filed Bankruptcy 11/20/2006 due to a local attorney coming after us for $3,500 in medical bills from 1998-2001. We had our hearing on 1/9/2007 and our bankruptcy is due to be ... |
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 Does this hurt your Credit Score? |
If you make a mortgage payment between your grace period.
Let's say you payment is due on the 1st....but there is an additional penalty after 15th....so there is an obvious grace ... |
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 I want to buy a car, How can I build my Credit? |
I'm 18, barely got my credit card 3 months ago so i dont even have a credit score.
Today I went to a dealership to see if i could buy a car(planning for later) and they told me that since i&... |
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 Can someone explain credit card APR to me? |
| Looking to apply for a credit card but i'm confused by APR. What does it mean exactly. I know its a way of charging you for what you spend but how is it worked out.... |
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 What is the best way to establish credit when you have none? |
| I have no credit. I am getting ready to graduate and I am getting married in August.... How do I establish credit? Should I get a credit card and use it wisely paying it off every month? Or should I ... |
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 Bed credit rating? |
| i have defaulted on alot of credit in the past and entered a debt management scheme, i have now been paying my creditors for 3 years without any missed payments through the scheme, i will be finished ... |
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 My employer recieved an order to withold on my wages!? |
| I just recieved in the mail today by my employer that they have to garnish my wages. I guess a creditor got a judgement to garnish my wages. I recieved letters and a summons before by these ... |
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 Is my Credit Score good?? |
| I recently checked my credit score on Experian and it said that it is 722 on a scale of 501-990 and then I estimated my credit score on MyFICO and is says that my score ranges from 705-755. Are these ... |
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 What is the best route to take to repair poor credit.? |
| Imake good money but always have had bad cridit I want to buy me a home this year.... |
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 BEST AnSWER GIVING 10 POINTS for the following question? |
| is there any "1500 or less" cash loan offers that will definetly be sent to me with bad credit. any webistes pls not bank loans like the sent to your checking acoount in 24hrs offer. PLEAS... |
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 Is it bad to have too many cards?? I dont even use them!? |
| Im trying to build my credit, so I applied for a bunch of cards and got a few. I never occur interest on them, and hardly even use them. Does this look good or bad??? Should I get more, or just use ... |
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 I was taken to court with out me knowing on a loan. They were given a judgement against me.is that leagal?? |
| it was a personal loan in only my name. I had no idea that it was even going to court. Now i have the judgement against me. I used personal property to secure the loan, but i no longer have any of it.... |
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 I am being sued by a collection agency through their attorney? |
| I was served papers -" to appear by filing a written answer the petition of plaintiff" How do i do this? I cannot afford an attorney (it was a credit card co charge-off and i wrote a ... |
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 What's a good credit card for students? |
| I am is dieard need of a credit card and I need to know what is a good one for a student with no credit and no cosigner? thanks.... |
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 What can we do to protect ourselves if a relative decides to commit identity theft? |
| A relative came and stayed at our home for a few days. They had access to our home when we were at work and so they could have easily gotten all of our information. Now I find that they have stolen ... |
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mary allen | What is better a credit card or a debit card? |
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 |
 
EC
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A debit card is like an ATM card and a checkbook rolled up together. Whenever you use it, the money you spend is taken out of your bank account. You can also withdraw cash from the ATM with it.
A credit card is sort of like a loan. When you use a credit card, you are given a certain line of credit, say $1,000. If you go spend $50, that goes onto your credit card so you have a $50 balance and $950 remaining.
If you have a balance on your credit card, you have to pay a minimum amount back to the credit card company every month (you can pay more if you want).
It sounds good, but all credit cards have an interest rate. If your card has a 15% rate for example, the balance on the card will gain 15% in interest over the course of a year.
So if you have a $100 balance on your credit card, over the course of the year the credit card company will add another $15 that you have to pay off. It sounds small, but many people get trapped with, say, $5000 on their credit cards and have to pay an additional $750 in interest each year.
That's how the credit card companies make their money.
Get both, but only use the credit card for *emergencies* and try your hardest to pay it off completely every month. |
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Todd S
 |
It's like comparing apples and oranges...they are two different things.
A debit card takes money out of a corresponding savings or checking account. It doesn't allow you to spend more than you actually have available.
A credit card on the other hand allows you charge purchases and cash advances without having the necessary funds available. This can be advantageous if you need to borrow, but don't have the money at that moment. It can also cause problems if you spend more than you make, and get into a large amount of debt.
Learn more at http://www.thetruthaboutcreditcards.com |
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Steve
 |
Well assuming you have a fair amount of $ in the bank then debit card is definitely the way to go, however if you haven't got any money in your account to debit than its probably no fun. In that case you could go for a credit card, however it your that broke to start with you should probably just stick to cash. |
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SmittyJ
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Other than the obvious reasons why a credit card is better, provides an interest free loan for the month, improves your credit when handled properly, and provides perks such as frequent flier miles/cash rebates etc.....anyone who has had their debit card stolen will tell you that they wish they had their credit card stolen instead. If a credit card is stolen it is really no big deal as far as an inconvenience...simply report it to the credit card company, fill out a few documents and it's taken care of....if your debit card is stolen and is used to make unauthorized charges it can wreak havoc on your checking account and be extremely inconvenient as you wait for the funds to be credited back to your account (sometimes as long as 10 days). The more you use a card the higher the chances are that at some point your account will be compromised so for those who properly handle their finances, credit cards are by far the safest and best option. |
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juicyfruit
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debit card |
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violett
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debit card |
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louisem28
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debit card cause you are only spending what is yours |
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spiritwalker
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A debt card if you have the money in the bank, you have to watch this very close so you don't go over your balance.
Credit Card, if you don't have a banking account, or you don't want to mess w/watching the balance. |
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Wrong!
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If you can afford to pay cash and not to go into debt, the debit card is your best bet. Debt is a trap. only do debt for things like mortgages, and cars. not clothes, and vacations. |
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