 I have several credit cards which I don't use. Would it improve my credit score to close these? |
| These are revolving accounts such as department stores, etc. I am not carrying balances on any of these accounts and they have been opened for several years.... |
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 Are people to blame for loaning? Or are loan companies to blame for offering the service? |
| I just want to know what your thought are on loan companies. Money Mart actually supported the Canadian Government efforts to regulate payday loans and asked all of their customers to sign a petition ... |
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 I need an Auto Loan but have bad credit, what should I do? |
| I have a credit score around 560 and need a auto loan for 12000. I can put 2500 down and I make 6000 a month, gross. Where can I find financing for a used automobile?... |
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 Buying a car with bad credit...co-signing for my niece? |
Hey guys,
My niece screwed up in her first year of college and really screwed her credit up. Now, her car is falling apart and she is going to get a new one this week.
She has ... |
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 A credit card question? |
If I get a visa credit card how do I pay it off?? I've heard people say they put money 'on' there credit card before they go away? what does that do?
Thanks!
A... |
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 Help im in det? |
| how long do u have 2 wait until banks and other companys write the det off. i owe about £40,000.i have not been made bankrupt and 4 the last five years ive made it very hard if not impossible 2 be ... |
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 Can you be sued by a company if you are making payments? |
| I was going to settle with a collection company for a certain ammount. The only thing is I cant come up with the other ammount they want? Can they sue me. I still want to make payments to them but it ... |
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 I was 1 day late on a $5.00 payment. Will this kill my credit history? |
| Its for a clothes store and they don't send statments. It was an honest mistake.... |
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 How do I know if these debt collectors are real? |
I have some debt on my credit report and before I pay them off I want to make sure these "collectors" are legit.
I have googled 2 of the numbers that call me, people have complained ... |
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| Where can i get a car financed with pretty bad credit? |
| i filed a bankruptcy like 6 or 7 years ago that was thrown out due to me and my wife at the time not paying the trustee...i havent tried to purchase anything prior so..where do i ... |
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 What is the best Credit card for bad credit? |
Additional Details
i have never had one before it is my first time applying for one i have only ever had one cataloge and my payments were always on ... |
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 Can i rent a car with a maxed credit card? |
| I want to rent a car this weekend but my credit card is maxed and the rental company requires a credit card to rent it. I want to know if they put a hold on the card will it process or will it deny ... |
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 Is it bad to apply for to many credit cards. I already have a few cc cards but got a gr8 offer to open anothe |
| Will it kill my credit rating to have to many open credit cards. I only use 2 or 3 cards and always pay it off but is it bad to open up new ones when they ginve great incentives to. American ... |
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 Is it true, every time my husband pulls his credit report it goes down ? |
| If this is true how many points will it go down? Also he never filed bankruptcy so no bankrupt answers please.He does not have a bunch of bills anymore either he paid them all off when he sold his ... |
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 Getting married soon but my future wife has debt and i do not!? |
| i will be getting married soon but my future wife has around $26,000 of debt from college and her car. and i do not have no debt, and my credit score is perfect, now from my understanding when ... |
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 Negative things come off my credit report in 7 years? |
what exactly does that mean?
my credit identity was stolen 3-5 years ago and i have 40+ account opened without my knowledge. I didn't notice until 2 years ago and anyway... I've ... |
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 Does car insurance go on your credit report? |
| I am trying to build my credit report up....I just got car insurance. Does this show on my report if i make all of my payments? I know that I need a credit card as well as other things to build it ... |
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Redneckgirl3030 | Will it mess his credit up? |
My boyfriend has a card with a credit line of $400. He went over his credit like by about $100. His minimum payment is $120. He doesn't want to pay the minimum. He says as long as they get some money from him (like $90) then they're happy. Will this screw up his credit if he doesn't pay the whole 120 dollars? Cause if it will....I'll make him pay it otherwise I don't care.....please help! |
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Autumn
|
You bet it will mess up his credit. And the credit card company will jack up his interest rate if he doesn't pay the "minimum payment" ON TIME. I know this from personal experience. If he doesn't pay the minimum payment, he'll most likely get charged another "over credit limit fee", an increase in his interest rate on the card, and a bad mark on his credit rating. If the min. pmt. is $120, then that's what the credit card will be happy with. They'll accept his $90 payment, but he's most likely gonna be right back where he was when he gets next month's statement, if they don't cancel the card. Make him pay it if you care about his credit. |
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Micki
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Yes it will hurt his credit. He will not be paying as agreed thus showing up as LATE (another bad 4 letter word). Once late payments appear on your credit report, it takes years to recover. |
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angie
 |
It will definately mess his credit up..since he went over his limit, they will probably charge him an over the limit fee, which can be really high...tell him he should try to pay more than the minimum, even if its just a few dollars more than the minimum..this way, more money goes towards the principle, if he only pays the minimum he will never get it paid off.. |
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stinkbad
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Sounds like he shouldnt have a credit card with that attitude. Yes it can and will start messing up his credit. Credit cards are trouble, stay away !!! |
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Elaine K
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If he got a card, he needs to repay them. It will affect his credit because it will show up as a late payment. Also, the interest rates and late fees will add up (think, $40 late fee per month, plus 22% interest on the total balance), and pretty soon his $500 balance will balloon to $1,000. I'm not being dramatic here either, I had this happen with Capital One.
I don't believe if he's at least paying something a month that they can report him to collections, but the credit card company itself can also start calling him 20 times a day, starting at 8 am and going to 9 pm. If it's only $30 more he needs to pay the minimum payment, and not use the card until he gets the balance down and understands that credit cards aren't free money. |
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Predatorprey
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A. He went over the limit, bad for credit.
B. He is paying less than what is REQUIRED, not Suggested which makes him go into default.
Your boyfriend should not have a CC if he cannot pay off such a small amount of in full. Save more, spend less, make more. |
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bud68
 |
Yes, it will screw up his credit. Your boyfriend has a lot to learn. |
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SWILLIAMS
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www.FICSMYCREDIT.com |
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Ted
|
The going over the limit will not cause a credit reporting or score problem. Depending on the bank, he may have to pay a large over-limit fee. He will also have to pay the over limit amount back at the end of the month in addition to whatever the minimum payment would have been on the rest of the balance.
Doesn't he understand what the word "minimum" means? Not paying the minimum will mess things up big time.
(1) There will probably be a late payment charge because the minimum payment was not received.
(2) Next month, if not caught up, it will be reported to the credit bureaus as a missed payment.
(3) Iresponsible use of the card will prevent the card company from increasing his limit in the future.
(4) Sometime in the futue he will want more credit, like a car loan. They'll probably give him one, but a history of late payments will make them regard him as a higher risk and thay will charge a higher interest rate that might be many huundreds of dollars over the life of the loan.
Look at all the posts in this forum by people who are in financial trouble saying, "I need to fix my credit." This is how it starts.
I've known guys like this. They will say anything to get what they want. A contract for a credit card is a promise to the bank. If their promises to the bank don't mean anything, their promises to their girlfriends don't mean anything either. Then they end up spending a fortune on fees and interest and have nothing left to spend on their girlfriends.
You could do better. It's a great mystery to normal guys like me how these bums can get girlfriends. But I guess there is no shortage of girls who will take this second rate treatment. |
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