 Who is the UK's worst bank? |
| I nominate Lloyds TSB and the Royal Bank of Scotland in joint ... |
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 How can I make money after Christmas shopping? |
I'm not old enough to get a work permit, so I can't work at a business, but I am dead broke after Xmas shopping. How can I make more money? (I am a teenager)
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 If you have reson to believe that a check you deposited into your bank account will bounce? |
| ya know a check you received from someone - if i transfer the money to another bank account -will they still be able to take the money back if it DOES bounce ? from the account i transferred it to ?S... |
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 Debit cards? |
| does anyone know if they can be used on e bay.and where would i get a cheap once off payment debit ... |
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 How can I earn MONEY...? |
I'm in my early-mid 10's. (9-13).
annd i'm wondering how I can earn money in North Carolina, US. I don't get allowance. Just 5- 20 dollars are given everytime somebody feels ... |
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 Help! This is hurting my credit! Should I pay it or am I being taken advantage of?!? |
| When I was 18 (5 years ago) I got a used car out on a loan. The car ended up having a lot of mechanical problems with it, too much for an 18 year old to afford on a part time job that paid $7/hr...So ... |
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 How much does these things cost where you are? and where are you? |
12 pack of pepsi or coke?
big mac or whopper value meal?
pack of decent smokes?
6 pack of decent beer or ale?
a gallon of gas?
~i am just ... |
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 How can i earn money on internet? |
| im a 14yrs old boy and i want to earn more and more money by simple methods without investing any thing .If someone have any suggestion please write or can write ur email address so that i can ... |
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 Any advice for getting back $2000 loaned to a boyfriend 18 months ago? |
| I've sent him requests for payment, but he refuses to pay up. I even wrote a letter of demand, but to no avail. Is it worth taking him to the small claims court? What are my chances.... |
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 How does a savings bond work? I won a 150$ one at a spelling bee? |
| Im 13, and I won a 150$ savings bond at my city's spelling bee. They said they'lll contact me in like 2-3 weeks. They also asked for my social security and stuff. Can i get it in cash? I ... |
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 Craigslist scam or not? |
im selling this wii bundle online and then some person named mary thompson says buy it for his blah blah this is exactly what the person said:
Hello,
Sorry for the delay,i am hoping to buy ... |
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 What is a good way to earn a second income? |
| Even if it involves a second job, what is a dignified way of obtaining a second income.... |
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 Should I loan money to my daughter and son-in-law? |
| My daughter is a doctor, son-in-law is a pharmacist but has a business which seems not doing too well because of high debts. He could earn more by working as a pharmacist but insists on having the ... |
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 What would u do if u didnt have any money and u r in negative 2000$ balance in ur bak account? |
| i have no money on me....am gona get my paycheck pritty soon, but i m in negative $2000 in my bank account....please suggest me something i m really stressed out! ... |
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italianbutt | How can I get my credit rating good again? |
I was silly girl when thinking i would like a credit card i went online and thought i was shopping for a good deal when i applied for about 10-15 cards.. little did i realise this would affect me badly. I have a good job earn good money.. I cant get credit for anythign now!!!! please help!
Additional Details
No I applied for them and didnt realise this all goes through a credit report and scores you. I got one card and yes I pay over the minimum every month. But because i didnt realise I was just thinking oyu applied and then they said ayes and you chose which one you liked best. Now my experidan report says massive thumbs down!!! :O( |
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VATreasures
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Assuming you pay your bills on time your credit rating should improve. I do not know the exact time frame, but it is much less than 5 years. You should ask one of the creditors who denied you for your credit score. Also ask for your credit report in case there is incorrect information on it. Then in a few months you should check your credit score again. You should see some improvement as the new accounts have aged.
It may also be that your available credit is too high. This does not impact your credit score, but is a factor that some creditors will look at. They figure the only reason someone with that much credit available is applying for more credit is because they are in a situation where it will hard to pay it back.
To lower your available credit and to make you less vulnerable to credit card/identity theft, you should close some of your accounts. The impact to your credit score should be minimal, if any. Since you will have the history of some many accounts, closing a few short term ones should not matter too much. If you have any credit cards with an annual fee those should definitely be closed. |
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Gypsy Gal
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Pay off your bills and then if you go into debt try and pay it off before it is due. |
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Helper
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The Orchard bank card can help you rebuild your credit. To build a positive credit score you need to pay your bills on time. I would pay in full if possible. |
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grierGRIER h
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5 critical factors affect your credit score in a major way. By knowing these you can keep a check on them and make your credit score a healthy one.
1. Re-payment history
This factor carries the highest weight in your credit report. How steadfast are you in repaying your loans, makes your credit report shine. Experts claim that this factor alone accounts for 35% of points in your credit score. So, if you falter on repayment front it is sure to be reflected poorly on your credit score.
2. Outstanding debt
The next comes your debt burden. How much you owe is a factor that according to experts carries about 30% weight in your credit score. This is
30% is based upon outstanding debt. To get a better score it is advised that you keep your outstanding debt to a minimum.
3. Length of your established credit history
The time for which you have a credit history also matters. The longer your established credit history the more credit reporting agencies believe in you. This could be simply because of the fact that they have more data to analyze your financial position. Experts give it a 15% weight in determining your credit score.
4. The state of your financial accounts
How much money do you have in your bank account, your income levels, your house, car, your assets etc. comes the next. A healthy bank account reflects a healthy credit score. Experts find that credit reporting agencies give this factor 10% weight while determining your credit score.
5. Different credit types you have
Whether you have taken a secured loan, unsecured loan or applied for a debt consolidation matters. The loan or credit types also reflects on your credit score. Credit rating agencies give it a 10 % weight to determine your credit score. Read more from: http://www.credit-card-gallery.com/article/204,5_critical_factors_affecting_your_credit_score |
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Sallie Mae
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FICO scores are derived by calculating credit behavior in five basic categories, each carrying a different degree of importance, or "weight."
Payment history: Making up more than one-third of your credit score, your payment history shows whether you pay your bills on time, the number of past-due accounts (and how long they are overdue), any accounts referred for collections, any bankruptcies, and other payment-related behavior.
Amounts owed: Not only do lenders want to know how much money you owe, they are also interested in the ratio between outstanding debt and available credit. In other words, the closer you are to "maxing out" an account, the more negative the impact on your credit score.
Length of credit history: A short credit history can work against you. It gives you no time to prove yourself!
New credit: How frequently and how recently have you applied for new credit? Many "inquiries" on your account, especially within a 12-month period, can lower your credit score.
Number of accounts and types of credit used: It's good to establish a pattern of repaying your debts, but don't run the risk of "too much of a good thing." If you have many open credit accounts and/or credit from certain lenders (like finance companies), your score may be reduced. |
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stacey e
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Did you get that many credit cards? Anytime you apply for something, they run your credit and it does go against your credit sometimes if it is a high amount of credit runs, like yours. Give it time and your credit will be fine. Right now it looks jacked up cuz a bunch of companies ran your credit. |
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wilderwriter
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Unless you have misued the cards - not paying on time - you shouldn't be having a problem getting new credit. If you are having problems, start paying all your bills on time, and maybe more than the minimum due, and in a year or so, your credit score should be just fine. |
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Juliet
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In addition to getting rid of the cards you don't need, you also need to contact the companies and ask them to close the line of credit, and send you confirmation.
A cut up credit card doesn't affect your credit rating - but closing the credit line (so you don't have the debt potential) can help you.
It will take time, but if you pay your bills on time (or, even better, ahead of deadline) over time your credit rating will improve.
Good luck to you. |
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beccasmom99
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It takes two years for an inquiry to get removed from your credit report. I don't know how many cards you were accepted for (if any), but creditors don't like inquires because they don't know how much credit you've been extended. They more you have (in thier minds), the less of a chance they'll get their money.
I've never tried getting inquiries removed; so, I'm not sure if that's possible or not. I would say, other than waiting for the two years to clear, that would be your only other option if these are the only things keeping you from getting credit.
Also, no more applying for credit until these are gone - all it's going to do at this point is bring your score down more. |
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ronnlynn
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Don't apply for more credit for awhile, but save money so that you can make the purchases you need. Make sure you have a checking and savings account. After 6-12 months, you could apply for a credit card with your bank/credit union that will help you build up credit. |
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