 I live off of $1300 a month for all expenses for a family of four What do you live off of? |
| I live off of $1300 a month for all expenses for a family of four. What do you live off of? Half of that is rent. I just graduated with a Bachelors Degree I think I'm getting killed. How do I ... |
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 How much do you spend a month... breakdown? |
we did this thing in careers
and it had a breakdown on what average people spend on what they spend it on in a month
it was like
rent
utilities
car payment
... |
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 Should we loan money to my mother-in-law? |
| Let me start off by saying that I love my mother in law and she is a wonderful and good person. She does have a history of making poor financial decisions. She filed for bankrupcy last year, but ... |
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 We have been accepted for a loan from welcome finance for £2000. today we recieved a letter from them asking? |
| for proof of address for my husband, so we faxed it through to them this morning. does anyone know how much longer it should take for the money to get into the bank account from today, and has anyone ... |
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 After all expenditures I have $250 left every month. Is that enough for a teenager? |
| Hi I get a total of $832 of disability $$$, but I spend some on rent and some on gas for the car, and the car insurance is paid for. Is $250 a month enough for a teenager?... |
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 Is the loan I applied for a scam? |
| I was approved for a private loan. They require me to make 4mo payments before I can recieve any money. I'm not so sure about it. Please help!... |
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 Can I ask for a raise? |
| When the minimum wage increases can I ask for a cost of living increase of salary if I make more than the new state mandated minimum wage rate.... |
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 I'm a kid, and i need money, FAST? |
| i need a camera, like really fast because im going up north for a while and i think it would be such a waste to not bring a camera. It costs like 250 and right now i only have 150....and im leaving ... |
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 Should we close our major credit card account? |
| My husband and I have a plan to have all our credit card debt paid off over the next year. We only have one major credit card and we do have a solid, healthy, excellent credit history. We are ... |
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 Do you love USAA? |
I love usaa.
Additional Details
USAA (Insurance / Financial Services)... |
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Tony F | If i cancel my unused credit cards, will it affect my credit when purchasing a new home? |
I'm in the process of looking for a new home, but have about 12 open credit cards. 11 of the 12 credit cards have a ZERO balance, but i dont know whether it's better to cancel them, or leave them open. I want to know what would benefit me the most when purchasing a home( as far as credit ). |
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Sabina
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It's actually better to leave them open. It shows that you have credit that you aren't using and that's a good thing. |
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crewchief1949
 |
YES!! Keep them, that increases your debt to income ratio |
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crazyscottsman38
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get rid of them well most keep a few |
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frugernity
|
Close the accounts. They are hurting your credit score.
Think about it. If someone lends you money to buy a house you can go out the next day and use all that credit and then get in a situation where you can't pay your bills. |
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pattibcacl
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Keep the credit cards open It makes your credit go up you want your dream home and I wish you luck on your new home |
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bl00dsuckr
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The more you have open, the lower your credit score.
A) Why would you need that much of a credit line
B) look at your potential debt crisis
lenders will look at that and wonder... especially B.
you may not have the debt now, and maybe you wont ever, but you have to admit, you could really screw yourself with 12 different debts
so, i would also agree... cancel some of them
if you really want a solid answer... go to a local bank and ask them...
just a general inquiry type thing with the manager, chances are, because they will be interested in doing business with a potential customer, they will answer your questions better than someone with a yahoo profile could... |
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THE HELPING HAND
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Keep them. It looks better on a pre-approval and credit report to have them as open trade lines. It says that you have the possibility to borrow money and any given time, yet you are responsible enough not too. |
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femalien77
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Having unused credit hurts your score. Not as much as having used credit, but more than not having any available credit.
Lenders look at your debt to income ratio, not your "debt to credit" ratio (there is no such thing in underwriting). Unused credit is seen as potential debt, and it counts against you.
Credit cards are good to have in case of an emergency, but you should close the ones you don't need. Maybe close the 11 unused ones, or close 10 and keep an extra unused one. One of my cards gives me my Experian credit score for free each month - if you keep one like that, you will see your score jump 20-30 or more points 30 days after you close the unused accounts. |
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whatevit
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I say keep them (don't use them). The rate you get on a mortgage will not be affected by the decision to keep or close the accounts. Wither or not a mortgage company will give you a mortgage or not will. If you are faced with a mortgage company not giving you a mortgage, go to another company.
This is something you should not worry about. |
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RB
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your debt to credit ratio is a factor in the secret formula for computing your credit score. so keeping these cards will lower your debt to credit ratio. having a lot of credit cards could reflect poorly on your credit score. i would consider canceling some, but not all. |
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