 How should I save my money? |
| I now find myself in a position where I am able to save about £200 per month. What is the best way to save this money? I want to be able to access my money with little notice with the best possible ... |
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 How do you cancel a bid on ebay? i wont have enuf money in my account when the bidding ends :(? |
| will i get stuck with it and have to pay the money for it? does the transaction go thru right away? i hav citizens so ill be overdrawn by ALOT plz ... |
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 Medical bills and debt collectors? |
| I have about $1900 in medical debt. I have two kids a mortgage and a car pymnt. I dont make great $$ at work, and I have this guy calling me all the time to collect on that debt. I have told him ... |
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 Ebay question? |
i have created an ebay account and i am only 16.. you must be 18 to use ebay and i am worried that they might find out.. and i have already bought stuff off ebay..
is there a slight chance ... |
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 Is it cheating? |
hallo they send me on my email that i won the UK annual lottery and i have won one million and half...
ia it true or ... |
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 I have some money kept in my aunt's bank account but she refuse to return to me. Can I sue her? |
| My money was sent via bank transfer when I worked in US as I left Malaysia when I was very young and got no bank account. My aunt was "kind" to suggest me transferring money to her account ... |
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 Does anyone know a good way to raise money? |
| hi!! I am looking to help a neighbor out of a finachial heole. we need to raise money to save her home.. does anyone know of a good way to reaise money? I am serious about this and don't want to ... |
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| How can I, a preteen earn 100$? |
| I'm trying to earn money to buy an xbox 360... |
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 Advice on how to save money each week.? |
| I'm really bad at saving money. I need some advice on how to get myself into the habit of saving each week. I don't have direct deposit where I work at so consequently I end up spending ... |
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 Paid Surveys Online - Has anyone made any money from them? |
| I'm looking for some paid survey sites to join. What are the best sites out there to make some money from?... |
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 How can I get £400 in a week? |
| I got a BT bill that needs to be cleared by next friday. My credit is low, and i think this is because im 19 and I have no credit history and I have been at my new flat for less than a year. I cannot ... |
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| Married, two bank accounts? |
| I am sure this has been asked a couple times- anyway its about having two bank accounts. Is it better for the marriage, in the long run if the couple decides to have separate bank accounts but agree ... |
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 Can one bank know if I have an account with another bank? |
| There are certain accounts that state, in order to be opened, you cannot already gave an account with another bank. If someone did not declare to that bank that they already had an account, can the ... |
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 Can I get a car loan with a 597 credit score? |
| My credit was really really bad a year ago (4-something), but within the last year I paid off alot of debt, pay my bills on time, etc. in other words I grew up. I know it's still low. Now I'... |
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 Im the one million price winner of the freelotto game. im thanuja epitawelaarachchi.how can i get my money.? |
| The coordinaters of the free lottogame send me a cheque in one million.I WON ONE MILLION DOLERS. How can I get my money.... |
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 What is a debit card? |
| What is a debit card, is it useful, dose it get u into debt, and is it good. Becasue im planning on getting one, and i want to know more about it...before i get it...... |
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 Are there any really true honest ways to make money on the Internet? |
| can you make money with the internet without spending alot of money or getting ripped off?... |
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 How much money? |
| do you have in your wallet/purse?... |
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Little Witch | How many credit cards is it OK to have? |
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Paris P
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The people who say you should only have one credit card are technically right in that if you pay off the card every month, you have no interest fees and avoid all the card troubles people around the country are having.
But one IMPORTANT thing you must consider is that part of your credit score is your total available credit... that is, the higher your credit limits on each of your cards, the higher your credit score will be. For example:
A person with a card limit of $1000 and pays off their balance every month will have a decent score (650-700), but they only have one card, so their score goes down since they only have $1000 available in their credit history. A person with 5 cards totalling $10,000 in credit limit with low balances on the card will have much higher scores (680-750). They don't neccessarily pay off the balances every month, but they have a lot more available credit than the person with just one card. Thus, having a manageable amount of credit is the best thing for you.
The average number of credit cards a person has is around 7... those include gas station, department store, regular credit cards, etc. Having between 3-7 is okay... anything more and your scores may go down for applying for too much credit that you don't have the ability to pay. Just remember that your credit score isn't just about paying off your card balance every month. Sometimes it's worth it to keep a small balance on your card to show the credit card companies that you can be a good customer for them and pay them some interest. |
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chrisvet
 |
It depends on how rich you want to get.
When I was 23, I started applying for every credit card application that came in the mail (about 5 a year) until I was 30. I built up over 150K in credit using about 25 cards, and always negotiated with phone soliciters who called me asking if I wanted a "X Bank" Visa or MC. If they offered me a 5K limit, I'd ask for a 20K, and get 12K. And so forth.
I'd use the credit for renovating and down payments on "flips", buying vehicles wholesale and selling them, and eventually buying entire houses on credit.
I was able to officially retire at 31, (6 years ago) from the PCF (positive cash flow) from my income buildings.
So, whoever tells you credit is a bad thing, probably isn't planning on getting rich. Besides, having just 1 Credit card, and either paying it off in full each month, or paying the minimum payment +20% is an excellent way to build credit when you find yourself buying a house one day. We call it credit history, something to be taken very seriously.
Today I can raise about 500K in 10 minutes with my own lines of credit, along with much much more in private money from business relationships I've made with some very rich people along the way.
I started at 17, broke and working at a flea market. |
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Alexandra
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None. But, if you must have one then one!
It real easy to get in over your head even with one. Over time they will increase your credit limit, just for the purpose of getting you hooked. |
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farrell h
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Avoid too applying for too many credit cards all at once. When ever you check your credit score it leaves a mark. If you have too many marks too fast lenders thing you've hit a financial wall and are headed for trouble. One case that comes to mind is about a first time home buyer. They were approved for the home loan but it hadn't been finalized. The buyer thinking he was getting a home applied for a credit card to buy furniture. Because the loan had not closed the new credit card application caused the loan to be rejected at the last minute. This one application caused his credit score to drop to an unacceptable level and he lost the house. The moral: be careful with the timing of your credit card applications. Read more from: http://www.credit-card-gallery.com/article/136,Seven_Must_Know_Credit_Tips |
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bdancer222
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Two major credit cards. One for business and one for personal. Of course only charge what you can afford to pay in full each month.
Personally, I have a gas credit card to use for travel -- I don't like giving one of my major credit cards to gas station attendants. |
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turk6060
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None would be the best. but having 1 for emergincies is good too |
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Eyad Adel
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i personally think 0 is the best but 1 in case of emergencies is not bad |
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Brie2200
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Between my husband and I, we have 14 credit cards. We do plan on closing a few, but right now we are in the process of buying a house. I would advise 3-5 for one person, but only use 1-2 of the cards. Out of our 14, we only use 2-3 at a time. Alot of people on here will tell you that credit cards are bad, blah, blah, blah. It's all about how responsible you are. All you have to do is pay your bill ON TIME and NEVER spend more than 50% of your credit limit. My husband and I have did this since we were 18 and our credit scores are >700, we just bought a new car and we are buying our first home at age 22. I hope that helps.. Good Luck!!! |
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Anne B
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One. |
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happybidz2003
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Interest is outrageous, so no more than you can afford to pay for. |
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Rick B
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one for emergencies only is BEST. |
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MrNeutral
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dont be duped into thinking yu need any. most interest rsates are so high you willl be seduced into debt load that is unhealthy. get a debit card or amex. pay off in total ea month. develop an atitude that if you cant pay in full, dont buy with the single exception of a home. |
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foreclosures101
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well i got 50 over 17 years, but only using 2 of em ..
i collect CC |
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devi p
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1 is the best |
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