Archive for November, 2009

I just submitted an application for a secured credit card about a week ago and the credit card company debited the $200 from my checking account that I would need for a security deposit and I still haven’t received my credit card yet. When do you expect that I should receive my credit card?

7 to14 days it does depend on a number of things

Medical bills and disabilty have made it impossible for me to pay off about 40,000 in credit card debt. What can they do to me legally?

Death by guillotine

I have really good credit and have paid off all credit cards as I use them. Now, I have a large purchase I want to make. If I apply for a card and get approved online, it will take 7-10 days to get the card. Can I somehow use the card without physically having the card in my possession?

no not until it is activated so will have to wait the time period out.

What does a credit repair business really mean?

A credit repair business is managed by people who take care of the credit management of the company and handle all their credit affairs. You can get more info on this at http://www.credit4profits.com/

Ok so I have messed up my credit over the years, over stupidness really and something i dont even know what is for. Anyway i want to clear my credit score and start over but how can i get a loan to consolidate it, If i have bad credit….Some advice please….I am in Ontario, Canada, if you have any advice it would be greatly appreciated.

?redit repair work?d fine to fix my credit. They disputed and removed lots of bad items from my credit report. I used this service - creditreport.imess.net

I am trying to purchase a home and im running into the problem I don’t have enough of a credit score. I found a home I would like to buy but can’t find any one to lend me the money. Is there any place that will help me get a home loan Now. Like a bad credit no credit no problem. I don’t mind paying a little bit higher interest rate. But I can’t afford a huge down-payment

Start off with a secured card, that way you won’t get turned down and you won’t get penalized before you even start.
you will put a cash deposit down (it’ll gather interests) and use it like any credit card. If you mess it up they have your deposit, if you pay your bills over time your score will get better and better.
I think there is a small yearly fee but it is a small thing to pay to be given the chance to prove yourself.
This is a good one:
http://www.esuperfind.com/nextmillenniumcc.php?id=nsth

My husband and I both have steady jobs (hes in the army). We also have great credit. We have never had a credit card but have been talking about it lately.

Whats a good credit card interest to look for? Any other good credit card information we should know? (that we cant find online)

The worst reason to look for a credit card is interest or APR.
This is why:
Carrying balances is not only harmfull to your credit worthiness and credit rating - but in some cases it can destroy your life.
Remember: Employers will look at your reports before hiring you.

To get good credit get any card that does not have an annual fee.
Get top scores like this:
Use the card monthly for something you need like food or gas.
Pay in full the day the bill comes in the mail.
You will never pay a penny interest - APR this way.
Voila - top 800+ scores.

It is 100% myth that carrying balances is good for your credit.
Something old ladies that watch QVC will tell you.
Don’t do it - don’t mess up your life.
Pay in full and enjoy good jobs and good credit.
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Can anyone tell me about debt consolidation companies and their services?

Sometimes, people have a lot of different creditors to pay. For example, multiple credit cards, car loans, lines of credit, etc. Debt consolidation companies will pay off these creditors and consolidate it all into one bill, sometimes lowering your payments once everything is consolidated.

This can be a useful service for those who are disciplined enough not to rack up more debt once they do a consolidation of existing debt.

I have no credit card debt and an an excellent credit report. I am going to do a small remodel on my rental property and plan to use my Home Depot card with no interest no payment for 12 months. I plan to use a few other cards as well. I thought that 30% is the best to load on to each card to maintain my credit score. Am I correct?

Congratulations on managing your credit very well. If you are worried that you may have your credit lines lowered, I would call each credit card holder and tell them you plan on using more of your available credit and tell them why (to fix up your rental property). Also, make sure you tell them that the balances will quickly be paid down and remind them that you are a valuable customer and you value your relationship with them.

Yes, you are correct. If you go over 30% utilization on your available revolving credit limits, your score will drop. However, it will not take a considerable hit until you are well over 50% utilization.

My fiance and I have bad credit. We want to start building credit so we can eventually start looking for an apartment. We’ve heard that Secured Cards that report to major credit bureaus can help improve a credit score. Is there anywhere we can get a joint secured card? First Premier looks like a good card but I can’t tell whether or not it’s possible to have 2 people on the account. We cannot afford to open two independent secured cards.

Get a credit card from local bank and pay it in time. You also can use this service to avoid common mistakes while buiding credit and pre-estimate future scores for different scenarios of payments - credit-report-score.10001mb.com