What credit card to get at 18 and not a college student?
Q. I always thought at 18 they love to give you credit cards, I've tried Capitol One, Chase, a QT credit card, and a Best Buy one. All deny due to no credit history. I obviously can't get Credit history if they won't let me have credit. I Work 2 jobs and just want to have one just in case and to actually build my credit. What's going on and why do i keep getting denied?
Asked by unknown - Sat Aug 8 15:42:16 2009 - - 4 Answers - 1 Comments
A. Stop applying for the cards, you will only be denied. You will have to start building your credit rating with secured credit. Make sure the banks report to the credit bureaus, otherwise it does no good. Go to the bank you do business with, ask them if they have a secured credit card, if they do open a new account with $300 - $500 tell them you want a secured credit card against that account. Use the card for small purchases like gas or food and pay the card off entirely each month on time. Also you can take your savings account and save until you have $1,000. Tell your banker you want to take a installment loan out against the savings account. Take the money you receive and put it in your checking account to repay the loan. Pay it off in… [cont.]
Answered by Dixie Darlin' - Sat Aug 8 16:34:41 2009
Q. I always thought at 18 they love to give you credit cards, I've tried Capitol One, Chase, a QT credit card, and a Best Buy one. All deny due to no credit history. I obviously can't get Credit history if they won't let me have credit. I Work 2 jobs and just want to have one just in case and to actually build my credit. What's going on and why do i keep getting denied?
Asked by unknown - Sat Aug 8 15:42:16 2009 - - 4 Answers - 1 Comments
A. Stop applying for the cards, you will only be denied. You will have to start building your credit rating with secured credit. Make sure the banks report to the credit bureaus, otherwise it does no good. Go to the bank you do business with, ask them if they have a secured credit card, if they do open a new account with $300 - $500 tell them you want a secured credit card against that account. Use the card for small purchases like gas or food and pay the card off entirely each month on time. Also you can take your savings account and save until you have $1,000. Tell your banker you want to take a installment loan out against the savings account. Take the money you receive and put it in your checking account to repay the loan. Pay it off in… [cont.]
Answered by Dixie Darlin' - Sat Aug 8 16:34:41 2009
How many credit cards should you have to rebuild credit?
Q. I am trying to rebuild my credit after ID theft, a couple of problems that were mine and years of basically not having any credit reported. (I primarily use my debit card and pay cash for everything). I make good money now and am trying to rebuild in order to purchase a condo in the next couple of years. My good accounts (rental, club, cable, cell, etc.) have not reported my good credit. So how many cards should I take out that will help boost my credit score but not hinder my credit. Thank you!
Asked by Nikita - Mon Mar 12 19:05:56 2007 - - 8 Answers - 2 Comments
A. I would take out no more than 2. I would start out with a secured card. Granted you would have to put a deposit upfront to secure a line of credit, but the deposit would also garner interest while you're proving your creditworthiness. You could start out small, like $200-300 or larger like $1000-2000. Either way, I strongly suggest you to continue to use your debit card and pay cash like you've been doing, and make small purchases that you can pay off in full every month (around $20-50). I would only use the credit card in dire emergencies. After the secured card becomes unsecured, then you could receive offers for other cards, but chances are just the one card could work just as well. Be sure to dispute anything that was involved in the… [cont.]
Answered by $m v - Tue Mar 13 09:06:57 2007
Q. I am trying to rebuild my credit after ID theft, a couple of problems that were mine and years of basically not having any credit reported. (I primarily use my debit card and pay cash for everything). I make good money now and am trying to rebuild in order to purchase a condo in the next couple of years. My good accounts (rental, club, cable, cell, etc.) have not reported my good credit. So how many cards should I take out that will help boost my credit score but not hinder my credit. Thank you!
Asked by Nikita - Mon Mar 12 19:05:56 2007 - - 8 Answers - 2 Comments
A. I would take out no more than 2. I would start out with a secured card. Granted you would have to put a deposit upfront to secure a line of credit, but the deposit would also garner interest while you're proving your creditworthiness. You could start out small, like $200-300 or larger like $1000-2000. Either way, I strongly suggest you to continue to use your debit card and pay cash like you've been doing, and make small purchases that you can pay off in full every month (around $20-50). I would only use the credit card in dire emergencies. After the secured card becomes unsecured, then you could receive offers for other cards, but chances are just the one card could work just as well. Be sure to dispute anything that was involved in the… [cont.]
Answered by $m v - Tue Mar 13 09:06:57 2007
What is the best credit card to start my credit?
Q. I recently turned 18 and im in a great living situation. i live with my dad, make about 1000 a month and im a musician. I wanted to buy a new bass and amp, but more importantly need to start my credit. I already have the money to buy the bass today, but i wanna see if i can start my credit with this purchase.The stores i went to say i need at least a 700 score to apply for their credit. Is there any credit i can apply for, without having to pay financing and apr and so on without having credit to begin with. My plan is to buy the bass with credit, pay it off right away, and probably cancel the card right after.
Asked by chaos_magician13 - Thu Jan 25 18:09:06 2007 - - 9 Answers - 2 Comments
A. From what I understand, for the long term if you consistently make your payments on time, Chase is the credit card company that improves your credit rating the best. This information came from my mortgage broker during our first consultation when applying for a mortgage and discussing credit reports. For someone just starting out, your goal will be to find any reputable credit card company willing to offer you credit and be diligent about paying off your entire balance every month so you won't have to worry about the APR. Quickly, a few months to a year, they will raise your credit and you will be able to access other cards that have the low APR you truly want. Do not choose any credit offers that have yearly membership fees or… [cont.]
Answered by jelloisyummy - Thu Jan 25 20:14:45 2007
Q. I recently turned 18 and im in a great living situation. i live with my dad, make about 1000 a month and im a musician. I wanted to buy a new bass and amp, but more importantly need to start my credit. I already have the money to buy the bass today, but i wanna see if i can start my credit with this purchase.The stores i went to say i need at least a 700 score to apply for their credit. Is there any credit i can apply for, without having to pay financing and apr and so on without having credit to begin with. My plan is to buy the bass with credit, pay it off right away, and probably cancel the card right after.
Asked by chaos_magician13 - Thu Jan 25 18:09:06 2007 - - 9 Answers - 2 Comments
A. From what I understand, for the long term if you consistently make your payments on time, Chase is the credit card company that improves your credit rating the best. This information came from my mortgage broker during our first consultation when applying for a mortgage and discussing credit reports. For someone just starting out, your goal will be to find any reputable credit card company willing to offer you credit and be diligent about paying off your entire balance every month so you won't have to worry about the APR. Quickly, a few months to a year, they will raise your credit and you will be able to access other cards that have the low APR you truly want. Do not choose any credit offers that have yearly membership fees or… [cont.]
Answered by jelloisyummy - Thu Jan 25 20:14:45 2007
No credit, How do I start and what is a good credit card for a beginner\r?
Q. I am 20 years old and after trying to get a card for a store I find I have 0 credit history. I have never owned a credit card and want to pick a good one to start bulding credit. Does anyone know a good card to go with that has low interest? Heck if you have any credit tips it would be helpful too...Thanks!
Asked by Michael - Wed Feb 21 15:40:20 2007 - - 11 Answers - 0 Comments
A. Usually gas cards are the easiest to get. You might try a Master card but Capital One has some really low interest rates. Ask for $500 and start charging and paying off the total balance each month. The card company will soon get fed up and up your limit hoping that you will start paying interest
Answered by Johnny - Wed Feb 21 15:46:36 2007
Q. I am 20 years old and after trying to get a card for a store I find I have 0 credit history. I have never owned a credit card and want to pick a good one to start bulding credit. Does anyone know a good card to go with that has low interest? Heck if you have any credit tips it would be helpful too...Thanks!
Asked by Michael - Wed Feb 21 15:40:20 2007 - - 11 Answers - 0 Comments
A. Usually gas cards are the easiest to get. You might try a Master card but Capital One has some really low interest rates. Ask for $500 and start charging and paying off the total balance each month. The card company will soon get fed up and up your limit hoping that you will start paying interest
Answered by Johnny - Wed Feb 21 15:46:36 2007
What business credit cards are not attached to my personal credit?
Q. Hello, I am trying to find out how to build my business credit without being attached to my personal credit score. I would like to know if anybody has information regarding what credit cards are available to do this. I would love any free information or links to sites that can tell me how to build my business credit. Thanks!!
Asked by Erick R - Sun Feb 17 21:13:19 2008 - - 7 Answers - 2 Comments
A. People think once they screw up their own personal credit the next thing they can do is have a business and get credit that way but it doesn't work like that. Your personal social security number and credit rating are going to be used to extablish credit when you start out and even well beyond. Added Reality is as a beginning business you are NOT going to go out and secure credit using an unknown/ unestablished business name or identifying number!
Answered by Rebecca - Sun Feb 17 21:17:28 2008
Q. Hello, I am trying to find out how to build my business credit without being attached to my personal credit score. I would like to know if anybody has information regarding what credit cards are available to do this. I would love any free information or links to sites that can tell me how to build my business credit. Thanks!!
Asked by Erick R - Sun Feb 17 21:13:19 2008 - - 7 Answers - 2 Comments
A. People think once they screw up their own personal credit the next thing they can do is have a business and get credit that way but it doesn't work like that. Your personal social security number and credit rating are going to be used to extablish credit when you start out and even well beyond. Added Reality is as a beginning business you are NOT going to go out and secure credit using an unknown/ unestablished business name or identifying number!
Answered by Rebecca - Sun Feb 17 21:17:28 2008
Is it possible to transfer credit card balances to others' credit card accounts?
Q. Situation: Person A has multiple credit card balances on high interest credit cards and Person B has a credit card with a much lower interest rate. Due to a poor credit history, Person A can't obtain a low interest credit card. They've agreed to transfer it to Person B's low interest credit card and have Person A pay Person B the monthly payments to make it easier to pay down their high interest balances. Is this possible?
Asked by Matt - Tue Jun 24 23:08:33 2008 - - 6 Answers - 1 Comments
A. I think in this case person B would need to add A as an authorized user on the account and then the transfer can take place. Most companies will not transfer debt if the names on the account are different, but if person A is authorized on the account then there should be no problem and also person A could then check the balance remaining when ever and also make payment on line with out having to bother person B. Good luck and I hope that I have been able to help.
Answered by Jennifer M - Tue Jun 24 23:39:10 2008
Q. Situation: Person A has multiple credit card balances on high interest credit cards and Person B has a credit card with a much lower interest rate. Due to a poor credit history, Person A can't obtain a low interest credit card. They've agreed to transfer it to Person B's low interest credit card and have Person A pay Person B the monthly payments to make it easier to pay down their high interest balances. Is this possible?
Asked by Matt - Tue Jun 24 23:08:33 2008 - - 6 Answers - 1 Comments
A. I think in this case person B would need to add A as an authorized user on the account and then the transfer can take place. Most companies will not transfer debt if the names on the account are different, but if person A is authorized on the account then there should be no problem and also person A could then check the balance remaining when ever and also make payment on line with out having to bother person B. Good luck and I hope that I have been able to help.
Answered by Jennifer M - Tue Jun 24 23:39:10 2008
How much credit history do I need to get a mobile phone on contract?
Q. Hi I am trying to get a mobile phone on contract. As I had no credit history I started paying with a credit card, repaying everything every month. I have been using my credit card for a couple of months now. Do I have enough credit history now or should I keep using my credit card? For how long? Thanks
Asked by Daisy S - Sat Apr 26 14:01:16 2008 - - 2 Answers - 1 Comments
A. i didn't have a credit history when i go my first contract as long as your over 18 your fine. and don't go to anywhere house as they wont give you a credit scores go straight to the network shops. my first contract was with virgin which was really good but if i was you shop around you may have to pay a little but shop around I'm now on o2 on line which is 20 a month which is good its the new simcity one :)
Answered by unknown - Sat Apr 26 14:45:41 2008
Q. Hi I am trying to get a mobile phone on contract. As I had no credit history I started paying with a credit card, repaying everything every month. I have been using my credit card for a couple of months now. Do I have enough credit history now or should I keep using my credit card? For how long? Thanks
Asked by Daisy S - Sat Apr 26 14:01:16 2008 - - 2 Answers - 1 Comments
A. i didn't have a credit history when i go my first contract as long as your over 18 your fine. and don't go to anywhere house as they wont give you a credit scores go straight to the network shops. my first contract was with virgin which was really good but if i was you shop around you may have to pay a little but shop around I'm now on o2 on line which is 20 a month which is good its the new simcity one :)
Answered by unknown - Sat Apr 26 14:45:41 2008
How does getting credit back on your credit card work?
Q. Let's say I buy something for $100. I return it and they say I will have that credit back on my credit card. So now my credit card balance is $100? What if I paid for that $100 already and then returned it and got credit back? Can a credit card have a balance and have money withdrawn from it?
Asked by Dr. Bass, M.D, Ph.D - Wed May 21 19:25:25 2008 - - 4 Answers - 0 Comments
A. Yes. The retailer will credit back the $100 onto your account. If you already paid it, you'll have a postive balance.
Answered by bud68 - Wed May 21 19:41:24 2008
Q. Let's say I buy something for $100. I return it and they say I will have that credit back on my credit card. So now my credit card balance is $100? What if I paid for that $100 already and then returned it and got credit back? Can a credit card have a balance and have money withdrawn from it?
Asked by Dr. Bass, M.D, Ph.D - Wed May 21 19:25:25 2008 - - 4 Answers - 0 Comments
A. Yes. The retailer will credit back the $100 onto your account. If you already paid it, you'll have a postive balance.
Answered by bud68 - Wed May 21 19:41:24 2008
When will his credit be good enough to apply for a credit card?
Q. My boyfriend is in the process of clearing up some derogatory items on his credit. Once he has paid his debts how many months will it take for him to be approved for a credit card? I understand that the items will be on his credit for 7 years. Will he have to wait until then to start reestablishing credit?
Asked by Nella - Sat Nov 21 09:49:18 2009 - - 3 Answers - 0 Comments
A. Your boyfriend can start with a secured credit card. These aren't cheap, but are one of the few ways your boyfriend can start to re-establish a credit rating. I think your boyfriend, if he hasn't already done so, get all three credit reports from annualcreditreport.com (a free service mandated by the U.S. Government) without scores. There, he can see what is exactly on his credit report. If some of these negative marks are incorrect, he should dispute them (this can be done online through each of the major credit reporting agencies on their websites). The creditors reporting these items have 30 days to prove that the negative items are legitimate. If they can't produce documents within the 30 days, the items have to be removed… [cont.]
Answered by unknown - Sat Nov 21 10:38:37 2009
Q. My boyfriend is in the process of clearing up some derogatory items on his credit. Once he has paid his debts how many months will it take for him to be approved for a credit card? I understand that the items will be on his credit for 7 years. Will he have to wait until then to start reestablishing credit?
Asked by Nella - Sat Nov 21 09:49:18 2009 - - 3 Answers - 0 Comments
A. Your boyfriend can start with a secured credit card. These aren't cheap, but are one of the few ways your boyfriend can start to re-establish a credit rating. I think your boyfriend, if he hasn't already done so, get all three credit reports from annualcreditreport.com (a free service mandated by the U.S. Government) without scores. There, he can see what is exactly on his credit report. If some of these negative marks are incorrect, he should dispute them (this can be done online through each of the major credit reporting agencies on their websites). The creditors reporting these items have 30 days to prove that the negative items are legitimate. If they can't produce documents within the 30 days, the items have to be removed… [cont.]
Answered by unknown - Sat Nov 21 10:38:37 2009
What kind of credit card could I possibly get with having horrible credit?
Q. So my credit score is something like 562. I am looking to get a credit card with something like 2000 dollar limit or lower that wont have unbelievable fees. Does something like this exist? I've applied for credit cards over the last year and have been denied each time. Yeah, my credit sucks. What can I do?
Asked by God Country America Bush Freedom - Wed Jul 21 12:07:29 2010 - - 2 Answers - 0 Comments
A. Every time you try to get a credit card, the inquiry reduces your rating. It is usually only 1 or 2 points, but if you have bad credit it can reduce it up to 5 points. You will not find a card with a $2,000 limit. The best you can hope for is one with a $250 limit. Problem with a limit that low. Any time you use more than 30% of your available credit limit you are destroying your rating. Ex: $250 limit - never use more than $75 at any time during the month on that card. And, of course make sure you pay a credit card in full for top ratings. Carrying balances on credit cards can destroy credit very easily. There are some cards, but I consider them scams. A certain bank has a card. $250 limit $95 annual fee $75 proceesing fee $10 monthly… [cont.]
Answered by Judy - Wed Jul 21 12:15:05 2010
Q. So my credit score is something like 562. I am looking to get a credit card with something like 2000 dollar limit or lower that wont have unbelievable fees. Does something like this exist? I've applied for credit cards over the last year and have been denied each time. Yeah, my credit sucks. What can I do?
Asked by God Country America Bush Freedom - Wed Jul 21 12:07:29 2010 - - 2 Answers - 0 Comments
A. Every time you try to get a credit card, the inquiry reduces your rating. It is usually only 1 or 2 points, but if you have bad credit it can reduce it up to 5 points. You will not find a card with a $2,000 limit. The best you can hope for is one with a $250 limit. Problem with a limit that low. Any time you use more than 30% of your available credit limit you are destroying your rating. Ex: $250 limit - never use more than $75 at any time during the month on that card. And, of course make sure you pay a credit card in full for top ratings. Carrying balances on credit cards can destroy credit very easily. There are some cards, but I consider them scams. A certain bank has a card. $250 limit $95 annual fee $75 proceesing fee $10 monthly… [cont.]
Answered by Judy - Wed Jul 21 12:15:05 2010
How does someone build credit without a credit card?
Q. I am thinking of those who do not have a credit card and pay for everything by check and cash. How is their credit rated? Is it based on a loan for example (car, student, etc.) and what if it is their first time applying for such a loan? How is their credit history looked at then? What if someone is applying for an apartment rental and does now own a credit card? I have always wondered this. Also, some people, after having paid off their debt, switch to using cash or check only, but apparently no activity at all on your credit card accounts isn't good either. Any input?
Asked by Li - Tue Jun 16 16:44:26 2009 - - 8 Answers - 0 Comments
A. Get in the habit of checking your credit report regularly (at least annually). You are entitled to a free credit report from all three credit bureaus once per year, so take advantage of this opportunity. Review your credit report for errors and dispute any erroneous information. Such errors might be unnecessarily dragging down your score. Creditors view these kinds of accounts as a sign of stability and responsibility, so make sure you have one or both of them. Free checking is almost an industry standard, so you can find a good deal if you shop around at different banks. A current checking or savings account will also help you secure a payroll loan. If you do not qualify for a credit card or loan on your own, you might do better with… [cont.]
Answered by expert 2009 - Sun Jun 21 13:00:39 2009
Q. I am thinking of those who do not have a credit card and pay for everything by check and cash. How is their credit rated? Is it based on a loan for example (car, student, etc.) and what if it is their first time applying for such a loan? How is their credit history looked at then? What if someone is applying for an apartment rental and does now own a credit card? I have always wondered this. Also, some people, after having paid off their debt, switch to using cash or check only, but apparently no activity at all on your credit card accounts isn't good either. Any input?
Asked by Li - Tue Jun 16 16:44:26 2009 - - 8 Answers - 0 Comments
A. Get in the habit of checking your credit report regularly (at least annually). You are entitled to a free credit report from all three credit bureaus once per year, so take advantage of this opportunity. Review your credit report for errors and dispute any erroneous information. Such errors might be unnecessarily dragging down your score. Creditors view these kinds of accounts as a sign of stability and responsibility, so make sure you have one or both of them. Free checking is almost an industry standard, so you can find a good deal if you shop around at different banks. A current checking or savings account will also help you secure a payroll loan. If you do not qualify for a credit card or loan on your own, you might do better with… [cont.]
Answered by expert 2009 - Sun Jun 21 13:00:39 2009
How to improve my credit score for free?
Q. I have a debt of 897.00 on my credit score that has been paid already, I need to build my credit to buy a car my credit score is 550 and I'm not planning on getting a credit card to build my credit. How can I build my credit?
Asked by unknown - Fri Oct 9 11:29:53 2009 - - 2 Answers - 1 Comments
A. Establish positive credit lines. Utilities, cell phones, etc don't count on your bureau (Usually they only report if you owe them money) It basically leaves you these options: Credit card line of credit auto loan mortgage loan Bottom line, credit card is the easiest to get. Credit cards are useful in rebuilding your debt because a banker can see how you are managing your available credit balance- that is, if you have a $2000 credit card, is your balance managed well, or do you owe $1997 on it. if you are looking for the free credit score and report usa national site, check out this site Here you can see your 3-in-1 Report from all three credit reporting agencies and your credit score.
Answered by unknown - Fri Oct 9 17:22:21 2009
Q. I have a debt of 897.00 on my credit score that has been paid already, I need to build my credit to buy a car my credit score is 550 and I'm not planning on getting a credit card to build my credit. How can I build my credit?
Asked by unknown - Fri Oct 9 11:29:53 2009 - - 2 Answers - 1 Comments
A. Establish positive credit lines. Utilities, cell phones, etc don't count on your bureau (Usually they only report if you owe them money) It basically leaves you these options: Credit card line of credit auto loan mortgage loan Bottom line, credit card is the easiest to get. Credit cards are useful in rebuilding your debt because a banker can see how you are managing your available credit balance- that is, if you have a $2000 credit card, is your balance managed well, or do you owe $1997 on it. if you are looking for the free credit score and report usa national site, check out this site Here you can see your 3-in-1 Report from all three credit reporting agencies and your credit score.
Answered by unknown - Fri Oct 9 17:22:21 2009
What should your credit score be to get a good credit card?
Q. Is it 600 or above? I am working on fixing my credit and I have an auto loan that will help rebuild my credit. I need a credit card for emergency's and to help my credit, just wandering when I should apply for one. Right now Its not near 600.
Asked by wifey - Fri Jun 1 22:54:19 2007 - - 1 Answers - 0 Comments
A. 700+
Answered by Gretchen - Fri Jun 1 23:01:17 2007
Q. Is it 600 or above? I am working on fixing my credit and I have an auto loan that will help rebuild my credit. I need a credit card for emergency's and to help my credit, just wandering when I should apply for one. Right now Its not near 600.
Asked by wifey - Fri Jun 1 22:54:19 2007 - - 1 Answers - 0 Comments
A. 700+
Answered by Gretchen - Fri Jun 1 23:01:17 2007
What is the best credit card to get for a starter in the credit world?
Q. I'm looking at getting my first credit card. I'm 20 years old and I have a credit card that is linked to my parents, so I have near perfect credit. I'm trying to start building my own credit and I want to know what is the best card for a young person trying to build their own credit.
Asked by buzzdogear777 - Tue Jul 6 19:53:38 2010 - - 4 Answers - 0 Comments
A. No credit card is best or rather every card is best if you are alert and repay the amount borrowed on time. Hence as you are a new starter so be careful and always pay back on time and this will surely increase your credit score. Now for good credit cards it differs some have 0% APR for the first year some give rewards and cash back on some purchase so you have to choose which suits you the best.
Answered by Macon - Tue Jul 6 21:41:47 2010
Q. I'm looking at getting my first credit card. I'm 20 years old and I have a credit card that is linked to my parents, so I have near perfect credit. I'm trying to start building my own credit and I want to know what is the best card for a young person trying to build their own credit.
Asked by buzzdogear777 - Tue Jul 6 19:53:38 2010 - - 4 Answers - 0 Comments
A. No credit card is best or rather every card is best if you are alert and repay the amount borrowed on time. Hence as you are a new starter so be careful and always pay back on time and this will surely increase your credit score. Now for good credit cards it differs some have 0% APR for the first year some give rewards and cash back on some purchase so you have to choose which suits you the best.
Answered by Macon - Tue Jul 6 21:41:47 2010
What is the best credit card to apply for to rebuild credit?
Q. I have a pretty low credit score (597) and want to begin rebuilding my credit. The score is low from charge offs about 3 years ago. Is there a certain bank or credit card that is easier on people like me that will give me a credit card? And yes--I do plan on paying on time. It would be for small simple purchases that I would otherwise buy with cash and could pay off easily each month.
Asked by unknown - Tue Jan 8 00:50:07 2008 - - 6 Answers - 0 Comments
A. Try HSBC credit cards. Specifically Orchard Bank credit cards specialize f/ people trying to rebuild credit history. Expect low credit limit though more than likely with any credit card company.
Answered by envy - Tue Jan 8 01:06:49 2008
Q. I have a pretty low credit score (597) and want to begin rebuilding my credit. The score is low from charge offs about 3 years ago. Is there a certain bank or credit card that is easier on people like me that will give me a credit card? And yes--I do plan on paying on time. It would be for small simple purchases that I would otherwise buy with cash and could pay off easily each month.
Asked by unknown - Tue Jan 8 00:50:07 2008 - - 6 Answers - 0 Comments
A. Try HSBC credit cards. Specifically Orchard Bank credit cards specialize f/ people trying to rebuild credit history. Expect low credit limit though more than likely with any credit card company.
Answered by envy - Tue Jan 8 01:06:49 2008
How many bank accounts and credit cards should I have?
Q. I am currently a college student with 2 checking accounts (Wamu- 3 years & BOA- 1 year) and 1 credit card (Citi- 1 year). I have always met the requirements for my checking accounts and paid all my credit card bills on time. As for loans, I do have about $10,000 of student loans in debt. I was wondering if it is okay for me to get another credit card. Also, many say that having a lot of credit cards are bad for you. What is the reccomendation of how many bank accounts and credit cards should I have so that my credits would not go down? Thanks in advance!
Asked by Pepper - Tue Jul 24 15:06:09 2007 - - 10 Answers - 0 Comments
A. It's not uncommon to have multiple bank accounts with different banks, from my past and current experience, I primarily do all my business with one bank if possible. I'm going to list the types of accounts that you should have in order to prepare yourself financially: 1. Checking account- This is the primary tool to not only monitor your finances, but to pay all your bills on time. 2. Savings account- This should be used as a primary reserve that should be used in the event of emergencies and as a backup reserve to your checking account. 3. Traditional/Roth IRA- This should be your primary retirement account. Anytime that you have a 401K,402g, or 403b plan, and plan to switch employers, this would be the account to move or "rollover"… [cont.]
Answered by $m v - Tue Jul 24 16:07:08 2007
Q. I am currently a college student with 2 checking accounts (Wamu- 3 years & BOA- 1 year) and 1 credit card (Citi- 1 year). I have always met the requirements for my checking accounts and paid all my credit card bills on time. As for loans, I do have about $10,000 of student loans in debt. I was wondering if it is okay for me to get another credit card. Also, many say that having a lot of credit cards are bad for you. What is the reccomendation of how many bank accounts and credit cards should I have so that my credits would not go down? Thanks in advance!
Asked by Pepper - Tue Jul 24 15:06:09 2007 - - 10 Answers - 0 Comments
A. It's not uncommon to have multiple bank accounts with different banks, from my past and current experience, I primarily do all my business with one bank if possible. I'm going to list the types of accounts that you should have in order to prepare yourself financially: 1. Checking account- This is the primary tool to not only monitor your finances, but to pay all your bills on time. 2. Savings account- This should be used as a primary reserve that should be used in the event of emergencies and as a backup reserve to your checking account. 3. Traditional/Roth IRA- This should be your primary retirement account. Anytime that you have a 401K,402g, or 403b plan, and plan to switch employers, this would be the account to move or "rollover"… [cont.]
Answered by $m v - Tue Jul 24 16:07:08 2007
Are credit card protection plans good for really really old people?
Q. They typically run .99 per $100 and the deal (supposedly) is that if after 90 days of coverage, the cardholder croaks, that they credit card amount owed is forgiven. In the case of elderly people in not the best of health and with large credit card debt ($5000+) is this a good idea? You'd basically be paying $500 a year and betting that you're going to be keeping a high credit card balance and that you'd be likely to croak relatively soon.
Asked by petra - Fri Dec 5 12:14:29 2008 - - 5 Answers - 0 Comments
A. Most of those plans have age limits. So, it's unlikely that they would be available to anyone older than 70 - btw what is your definition of "really old?" Just curious 'cause I'm over 50! LOL In general, those credit card protection plans are ripoffs. It makes more financial sense to buy regular old term life insurance. Much less expensive, and it covers anything you want it to.
Answered by doreen k - Fri Dec 5 13:00:21 2008
Q. They typically run .99 per $100 and the deal (supposedly) is that if after 90 days of coverage, the cardholder croaks, that they credit card amount owed is forgiven. In the case of elderly people in not the best of health and with large credit card debt ($5000+) is this a good idea? You'd basically be paying $500 a year and betting that you're going to be keeping a high credit card balance and that you'd be likely to croak relatively soon.
Asked by petra - Fri Dec 5 12:14:29 2008 - - 5 Answers - 0 Comments
A. Most of those plans have age limits. So, it's unlikely that they would be available to anyone older than 70 - btw what is your definition of "really old?" Just curious 'cause I'm over 50! LOL In general, those credit card protection plans are ripoffs. It makes more financial sense to buy regular old term life insurance. Much less expensive, and it covers anything you want it to.
Answered by doreen k - Fri Dec 5 13:00:21 2008
How to get a credit card with no credit and no checking account?
Q. I'm young with no credit and no checking account. I've been looking online and have only come across debit cards or credit cards that require a checking account. Where and how can I get a credit card w/ no credit and no checking account?
Asked by mommy's princess due 8.8.09! - Tue Dec 9 14:40:59 2008 - - 5 Answers - 0 Comments
A. Actually most banks give you a credit card when you open a checking account. If you are 17 or older you can get a student checking account with a debit card. The reason they want a checking account is because statistics show that people that don't have checking accounts are more likely to default. If you are under 18, you can not get a credit card. /
Answered by Judy - Tue Dec 9 14:46:54 2008
Q. I'm young with no credit and no checking account. I've been looking online and have only come across debit cards or credit cards that require a checking account. Where and how can I get a credit card w/ no credit and no checking account?
Asked by mommy's princess due 8.8.09! - Tue Dec 9 14:40:59 2008 - - 5 Answers - 0 Comments
A. Actually most banks give you a credit card when you open a checking account. If you are 17 or older you can get a student checking account with a debit card. The reason they want a checking account is because statistics show that people that don't have checking accounts are more likely to default. If you are under 18, you can not get a credit card. /
Answered by Judy - Tue Dec 9 14:46:54 2008
What impact does closing credit cards have on your credit score?
Q. What impact does closing credit cards have on your credit score? I have a number of credits that I am not using. What impact if any would closing some of these accounts have on my credit score?
Asked by hydra1970 - Sun Aug 26 14:36:21 2007 - - 5 Answers - 1 Comments
A. Part of your credit score is based on your debt to available credit limit ratio. When you close accounts, you lower the available credit and could end up with a higher debt percentage. So yes closing credit card accounts will hurt your credit score; however, your score will rebound quickly. Another factor is that closing your oldest accounts, closes your history. Keep the oldest accounts open as long as they don't charge an annual fee. Personally, I think keeping credit cards you don't use open just for the sake of a couple points on your credit score silly. All those extra cards have too much potential for problems. You have to keep track of them and keep them secured. I recommend not more than two major credit cards --which you… [cont.]
Answered by bdancer222 - Sun Aug 26 15:51:01 2007
Q. What impact does closing credit cards have on your credit score? I have a number of credits that I am not using. What impact if any would closing some of these accounts have on my credit score?
Asked by hydra1970 - Sun Aug 26 14:36:21 2007 - - 5 Answers - 1 Comments
A. Part of your credit score is based on your debt to available credit limit ratio. When you close accounts, you lower the available credit and could end up with a higher debt percentage. So yes closing credit card accounts will hurt your credit score; however, your score will rebound quickly. Another factor is that closing your oldest accounts, closes your history. Keep the oldest accounts open as long as they don't charge an annual fee. Personally, I think keeping credit cards you don't use open just for the sake of a couple points on your credit score silly. All those extra cards have too much potential for problems. You have to keep track of them and keep them secured. I recommend not more than two major credit cards --which you… [cont.]
Answered by bdancer222 - Sun Aug 26 15:51:01 2007
What is the best credit card to apply for for the first time?
Q. I have years of excellent on-time rental history, however I have no credit because I've never been in debt (always pay bills on time) go figure. I was wondering which credit cards I could apply for, for the first time. Wal-Mart Credit card rejected me because I have no credit, and I'm just looking for something small so I can put things on the card and pay them off quickly to establish some sort of credit. Any suggestions?
Asked by flori0009 - Sun Sep 30 08:24:15 2007 - - 6 Answers - 0 Comments
A. i think this is the best one to know about credit cards
Answered by sam k - Sun Sep 30 09:28:03 2007
Q. I have years of excellent on-time rental history, however I have no credit because I've never been in debt (always pay bills on time) go figure. I was wondering which credit cards I could apply for, for the first time. Wal-Mart Credit card rejected me because I have no credit, and I'm just looking for something small so I can put things on the card and pay them off quickly to establish some sort of credit. Any suggestions?
Asked by flori0009 - Sun Sep 30 08:24:15 2007 - - 6 Answers - 0 Comments
A. i think this is the best one to know about credit cards
Answered by sam k - Sun Sep 30 09:28:03 2007
From Yahoo Answer Search: 'credit'
Sat Sep 4 10:18:47 2010 [ refresh local cache ]
[Hide]▼
businessweek.com
Thu, 02 Sep 2010 20:02:18 GMT+00:00
-Card Marketing at Colleges BusinessWeek 2 (Bloomberg) -- New York began a statewide investigation into credit -card marketing practices that target college students through their institutions. ... Be skeptical of health-care credit cards Washington Post
creditinfoforum.com
383px x 630px | 72.60kB
[source page]
That is why while you are looking for credit we want to present some companies that can be of assistance Financial stress can become tiresome So while you seek out information on
youtube.com
Tue, 19 Aug 2008 09:12:33 PDT
debtrelief911.com - Get Rid of Credit Card Debt Now! Learn How to Eliminate Your Credit Card Debts in 90 Days Without Debt Consolidation or ... youtube.com.
financemoz.com
admin
Fri, 03 Sep 2010 12:07:35 GM
Sometime it is only smaller amount that is required for meeting expenses. So, there is no need for you to go for a loan that is usually meant for.
[Hide]▲
