 Will paying my credit card in advance not improve my credit rating? |
| I generally like putting money on my credit card before making expenditures, as this ensures I won't get charged any interest on any amount and that I can actually afford whatever it is I'm ... |
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 Why do credit collectors have to be rude? |
When I answer the phone and they are rude, I just write it off and refuse to pay. It seems if I could have paid on time I would have - however once they are rude, I am basically done.
I ... |
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 Whats the fastest and guarenteed way to get a loan? with bad credit....? |
| i went to court the other day and they said i had to pay some tickets off within 2 months. the total i have to pay is about 4000.00 dollars. is there somewhere i can go and get a laon? i tried my ... |
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 Does too many credit checks affect your credit scoring? |
| I've had a few credit checks done recently when shopping for loans and stuff - can that affect your overall credit scoring - cos other than that my history is near on perfect so i don't ... |
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| Why do people struggle financially after christmas...is it because they got everything on credit for xmas? |
I'm confused here..all my friends are saying they are so hard up financially now christmas is over.
They got everything on credit for christmas is that why?
I started buying in F... |
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 UK please: what is a good credit card to apply for? |
Additional Details
Lol thanks - I'm aware of the current financial situation but I got one recently - no troubles- and need (not 'want') another for my own personally ... |
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 Need a small loan 1,000 $? but under 18 ? |
| I need a loan of about 1,000$ dollars to buy a new camera im underage with no credit cards but my parents own some so could i get a loan through them i could only pay about 50$ a month where could i ... |
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 How hard is it to get a auto loan ? |
| The lease is up on my vehicle, and I need to get into a new auto loan (or lease). The car I am looking at has a sticker of 22,000.00 My credit score is about 630-640 and the person who is co-signing ... |
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 Will using my debit as a credit card build my credit? |
| I have a debit card with a small bank and I was wondering if using my debit as a credit will increase my credit? I am trying to apply for a credit card, but got denied by chase because of no credit. T... |
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 Can I lie about my age to get a Credit card? |
| Is it safe to lie on a cerdit card appliction so I can get a credit card. Because the only reason why I need one is for business/emergency purpose only. But I too young to even apply for one.... |
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 Someone used my identity to open a credit card. What do I do? |
| I've been playing phone tag and nobody will give me answers. I tried looking it up on line and things are contridicting themselves. I need someone with personal experience to help me. I'm ... |
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 Does it help or hurt my credit score if I get a home equity loan? |
| I do not have a great credit score, but only one Visa card and two others. I know the formulas are secret but does anyone know if this one factor has a predictable effect?... |
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 I just got my credit card ... ? |
| So if i want to buy something (google ads) if i just buy some it will add to my balance and then how do i pay for it and is the limit to pay your balance the end of the month or something because its ... |
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 What is the best credit card for an 18 year old? |
| I am only getting a credit card so that I can make small purchases and pay them off right away to build my credit. Please do not lecture me on how to use a credit card, I am already fully aware. I ... |
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 I got ROBBED!!!? |
| I returned something back onto my debit card, but it did not post today, I have been spending money today, and I am in the negative, when realistically, there is plenty in there, it just needs to ... |
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 Is it legal to give credit to someone on social security benefits? |
| i have been given credit while on bebefits and the interest is very high, do i legally have to pay it all back? the collection agency have stopped collecting payments and now sending me ... |
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BenTj | Would open up a new line of credit, i.e. credit card, loan, etc. hurt my credit score? |
My current credit score is mid-500. We are planning to purchase our first home in the near future. |
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highroller
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If you already have numerous lines open, it would not be wise. |
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odorisio2004
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yes it will put negative to your credit |
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skeptic
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I would speak to a mortgage broker first and have them help you decide what would help you after they look at your credit report. I just bought a house two years ago and thought I would need a credit card account or something to qualify, but I was told that I should hold off on getting a credit card if I did not need it. First time home buyer programs have incentives for brokers to really help you with good advice. Go see a professional. |
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dido45dido
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Well everytime you apply for any thing were they have to run a credit check it lowers your score. so it you plan on purchasing a home in say 6-8 months i wouldn't get a new card. You have to have a score of at least 580 to get a loan without any down payment |
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sylviajane1951
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No actually it wouldn't, it would improve it. The only way it would is if you default in any of your payments. |
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J W
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No it wouldn't!
If anything it would help your credit scores. No credit is worse than bad credit.
I was a collections manager for several years and am now a licensed mortgage broker with over 74 national lenders and do business country wide.
If you would like to ask some more questions or get qualified for your purchase you can email me at :
jdw222_001@yahoo.com |
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David H
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Make sure you go after a loan or credit card that will be accepted. Turn downs will lower your scores. If there are any unpaid collections or charge-offs on your credit report, you increase the risk of getting turned down for unsecured credit.
If you are trying to get a loan or credit card with the intent of improving your credit, than work on cleaning up your credit report first. If you just need more credit history than either purchase a new car or apply for a HBCS Card Services credit card. They offer no fee cards with higher interest. Use it, don't abuse it, pay off the balances. Your scores will go up.
If you need to clean up your report than I suggest purchasing the book "Guaranteed Credit" by Arnold S. Goldstein and going to work on that. This will be the most dramatic improvement on your credit scores. |
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Forget-n-forgive forget it!!
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It can do both. Too many inquiries can lower your score, especially if you are not approved. Work on cleaning up the debt you do have. Open lines of credit can also hurt your debt to income ratio which is considered when getting a mortgage. Finance companies aren't as strict on their guidelines as most banks. Talk to a broker or lender that you are considering using for your mortgage first. They will tell you what the requirements of their company are. |
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jwslaunw
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no it would help. use it and let a little interest get charged. if you pay it off every month its like not having it. just be sure to be on time with at least minimum payments and don't abuse it |
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Tony L
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I'm actualy the credit manager at wells fargo and I deal with this all the time. The best thing you can do is get a loan and clean up all the bad/late accounts on your credit history and then when you do decide to get a house. your score will improve and you can get better pricing. |
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Michael S
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Yes and no. Yes because of the number of inquiries without acceptance of credit. No because you might be approved for the credit, which is a good thing. Too many inquiries may show as being denied. |
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