Archive for the 'Credit' Category

Is it possible to have a credit score without having had a credit card?

This is because i’m just 19 years old and in my second year of college, so I was just wondering, becuase I am planning on applying for a credit card soon.
P. S. – Do any of you know whats a good credit card for first-time soon-to-be credit card holders?

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What are the details on using half your credit affecting on your credit score?

I know that when you have a balance that is over half your credit limit, it hurts your score. Question is, let’s say I have 3 cards that have a 10,000 limit and I have no balance on two, but 8,000 on one, will this hurt? Does credit constitute all available credit, [...]

What do you think of promotional credit cards?

I have little debt on a credit card which is almost paid off (under $500). I am at the age of controlling my finances better, I am considering of switching my spending style to purchase items on my credit card then pay off my balance monthly.
The goal is to use the promotional [...]

How good does your credit need to be to get an airmiles card?

I am 19 and i just got approved for my first credit card about 5 months ago. I use my card alot and always pay it off in full. I was just wondering how good my credit needs to be, and how long it takes to get good enough credit, to get an [...]

How can I get my good credit reported to the credit burro ?

I filed bankrupsy a few years ago but my scores are ok but they say I haven’t dun enough credit buying. The problem is that the ones I’ve worked through say they arn’t set up to report to the buro. What have I got to do to get my good credit record to [...]

How many credit cards should you have to get the maximum fico boost?

What is the ideal number of credit cards to get the best possible fico score. I don’t have late payments on my mortgage or credit cards. Thanks for the help

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How long after paying off a loan or credit card, does your credit record change?

Just wondering, as i intend to buy a house next year and want the best possible credit score.
At the mo ive got a loan and a credit card, which makes your credit score lower right?
Anyone know anything about it? And how long does it remain on your credit record and effect your score?

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What happens to your credit score when you cancel a credit card?

say you are in good staying, never was late. always payed the balance. but you have too many credit cards let’s say. so when you cancel that credit card. what happens to your credit score? Does your credit limit you had for that card get erased from the records? after all [...]

How many credit cards should I have in order to establish good credit?

I currently have 2 open, and have had them for over 2 years, never late on them. Would it be wise to open up a third or even fourth? Will this help out my credit when looking into getting a Mortgage some time in the near future? Thanks.

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What is a good credit score and how to improve it?

Sorry, multiple part question: What is the highest credit score possible and what is the lowest possible? What can you do to improve it? And the myth that using your ATM Debit card as credit can actually improve your credit score, is it true?

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