I heard the govt is phasing out the EIC tax credit. When will this take place? Thanks|||I haven't heard that yet. I'm sure there are plots afoot to try to get rid of it. I'll have to go over my materials to find out for sure. But I'm SURE it will still be there, as long as you qualify....|||McCain's EIC proposal is to send the money out 12 monthly checks. While it reduces the money at tax time, it spreads the same amount out over the following year. Sort of the opposite of "Advance EIC" or 12 mini-rebates.
Obama's (and other elected officials and think tank) EIC proposals are HUGE.
1. Triple EIC for childless workers making minimum wage.
2. Double that again if a worker is paying child support.
3. Get more money if you have 3 children.
4. For married couples, optionally reduce the earned income of the 2nd earner by 1/2 before calculating the benefit.
McCain's plan tries to address the problem of the "lump sum" check that people get right now as opposed to higher pay. (If you get Advance EIC and you have a big jump in pay, you have to pay it back.)
Obama's plan tries to simultaneously address some of the fraud (if you could claim EIC for all of your children, people woudn't illegally loan them out; if you could more EIC with less income, more people might get married and admit they live together) as well as equate EIC with being the solution to people trying to live on minimum wage jobs.
Of course, neither address the issue of W-2s vs self-employment. W-2 income is pretty straight forward. You work, you get paid, you get a total at the end of the year. Self-employment income requires keeping records, deducting expenses and frankly there is a much over-reporting of income as there is under-reporting. I don't care what industry you are talking about--if the maximum income to get EIC with 2 kids is X, an awful lot of people manage to make exactly X.|||When hell freezes over. You would be hard pressed to find anyone in Congress who has anything bad to say about the EIC, so I doubt they'll be doing away with it anytime soon.
Thursday, December 15, 2011
Tax credit or rebate available for me or some explination please?
I am a single mom who bought a home in February of 2008. I am looking for a tax credit or rebate. I am being given a run around by my preparer. Is there anything out here for me?|||Unfortunately no there is not tax credit for homes bought before April of 2008.|||You'll definitely be getting some money from Uncle Sam, especially because you're a single mother. I know when you reach a certain income (AGI) the child credit begins to decrease, but that income has to be well over $100,000...so rest assured you should be receiving a child credit, especially if you pay for child care|||Get your doubts about Tax program procedure solved here. http://taxlogic.blogspot.com
Should the amount of credit available to american consumers be significantly reduced?
I think it should. Americans as a whole are spending more and more. Everything is like a domino effect; as in as gas goes up we as consumers have place more money into filling up the vehicle. Not only that but as a side effect of this food rises due to gas consumption needed to get to the destination. There are countless other examples. So to answer your question it can be interpeted as an opinionated question. We have to have transportation, food, etc and all of which effect us the consumers.|||it's a free country, so I guess no one wants to limit the right of credit shops to sell even more credit to already over-leveraged consumers ;-)
each time a government wants to prevent a market from clearing / functioning, it wants to make sure it has a very good reason. One example is obviously drugs (but note that some drugs, such as alcohol, are legal and the government makes tax money from them).
near-term, allowing consumers to gear up even further will help drive consumption, which can be good for everybody. Longer-term however, if a big credit crunch comes, this could seriously damage the economy, for a while.
of course the government could apply more stringent regulations on the credit industry, because today there is basically almost no level of indebtedness beyond which a consumer will not still find some institution willing to lend even more (at punitive rates, and potentially using violence to recover interest, of course).
interesting question in any case. In my view, consumers around the world are under-protected by law on this matter. Luckily in some countries, such as Germany or Japan, consumers simply hate debt and therefore remain way under-leveraged in general, at least by U.S. standards.
hope this helps a bit|||This question should be based on the consumer. I have a lot of credit, but I am able to pay my debts, so no problem|||In other words...should we protect people from themselves?
America the nanny state.
No, the American consumer needs to learn self-control or face the consequences.|||No it should not. What needs to happen is for people to take responsibility for their actions. There is no reason for any one to get into trouble with credit if they just use it responsibly.
And I don't think the credit card companies are to blame either. People need to read and understand what they have read before they sign anything.
Call me old fashioned but anyone that gets themselves in trouble and then tries and blame everyone in the world except themselves for their troubles are just irresponsible.
And the only way this type of people learn is to be punished for their mistakes.|||The amount of credit is not the problem - it's the amount of credit obtained fraudulently. "State income" loans, for example, let people claim whatever they want regarding how much they make, with no documentation required. Everyone in the process - the borrower, the broker, and the lender - all know that most of the people applying for these loans have vastly overstated their income, and yet the loans are approved anyway. If the truth were known, the loans would not be approved.
The amount of credit would tighten significantly If all lenders were required to simply stick to reasonable underwriting guidelines subject to verification.|||I'm not sure about that, but I think that the credit card companies should have to assume some of the blame when they increase credit limits without authorization. They say nothing when a person is charging away only making minimum payments each month, but are thousands of dollars in debt, but God forbid someone ever miss a payment or can't pay because the card is maxed out. I think there is responsibility on both parties. Certainly, people need to understand credit and learn some self control, but when the credit card companies see someone obviously not able to pay since they're only paying the minimum, but they're charging excessively, I think they're partly to blame for allowing it.|||If that is to happen. US will go into long recession. Unfortunatly a big chunk og economy's health is based on consumers, who rely on debt.
http://www.letsgobble.com/|||Well, since average Americans' saving is negative 1%, they really should reduce the credit extended to most of the people (I think). I know many people who have house payment is more than 50% of their salary, and their credit card is maxed out, paying minimum on it. And they also have a brand new car with $500 to $600 car payments. If something happens to their jobs, they are in big trouble. Some of them are close to losing their house....
each time a government wants to prevent a market from clearing / functioning, it wants to make sure it has a very good reason. One example is obviously drugs (but note that some drugs, such as alcohol, are legal and the government makes tax money from them).
near-term, allowing consumers to gear up even further will help drive consumption, which can be good for everybody. Longer-term however, if a big credit crunch comes, this could seriously damage the economy, for a while.
of course the government could apply more stringent regulations on the credit industry, because today there is basically almost no level of indebtedness beyond which a consumer will not still find some institution willing to lend even more (at punitive rates, and potentially using violence to recover interest, of course).
interesting question in any case. In my view, consumers around the world are under-protected by law on this matter. Luckily in some countries, such as Germany or Japan, consumers simply hate debt and therefore remain way under-leveraged in general, at least by U.S. standards.
hope this helps a bit|||This question should be based on the consumer. I have a lot of credit, but I am able to pay my debts, so no problem|||In other words...should we protect people from themselves?
America the nanny state.
No, the American consumer needs to learn self-control or face the consequences.|||No it should not. What needs to happen is for people to take responsibility for their actions. There is no reason for any one to get into trouble with credit if they just use it responsibly.
And I don't think the credit card companies are to blame either. People need to read and understand what they have read before they sign anything.
Call me old fashioned but anyone that gets themselves in trouble and then tries and blame everyone in the world except themselves for their troubles are just irresponsible.
And the only way this type of people learn is to be punished for their mistakes.|||The amount of credit is not the problem - it's the amount of credit obtained fraudulently. "State income" loans, for example, let people claim whatever they want regarding how much they make, with no documentation required. Everyone in the process - the borrower, the broker, and the lender - all know that most of the people applying for these loans have vastly overstated their income, and yet the loans are approved anyway. If the truth were known, the loans would not be approved.
The amount of credit would tighten significantly If all lenders were required to simply stick to reasonable underwriting guidelines subject to verification.|||I'm not sure about that, but I think that the credit card companies should have to assume some of the blame when they increase credit limits without authorization. They say nothing when a person is charging away only making minimum payments each month, but are thousands of dollars in debt, but God forbid someone ever miss a payment or can't pay because the card is maxed out. I think there is responsibility on both parties. Certainly, people need to understand credit and learn some self control, but when the credit card companies see someone obviously not able to pay since they're only paying the minimum, but they're charging excessively, I think they're partly to blame for allowing it.|||If that is to happen. US will go into long recession. Unfortunatly a big chunk og economy's health is based on consumers, who rely on debt.
http://www.letsgobble.com/|||Well, since average Americans' saving is negative 1%, they really should reduce the credit extended to most of the people (I think). I know many people who have house payment is more than 50% of their salary, and their credit card is maxed out, paying minimum on it. And they also have a brand new car with $500 to $600 car payments. If something happens to their jobs, they are in big trouble. Some of them are close to losing their house....
Where can I get detail about Carbon credit available?
Give background about this trading and related web site.|||http://www.chicagoclimatex.com/
is "a financial institution whose objectives are to apply financial innovation and incentives to advance social, environmental and economic goals through . . .
the Chicago Climate Exchange
and the
Chicago Climate Futures Exchange|||I hope that noone is foolish enough to give any money to these carbon credit scams but if they really insist on throwing their money away, I will accept all donations.|||Hello
You could start with the International Emission Trading Association: http://www.ieta.org/ieta/www/pages/index鈥?/a>
Check also the center for clean air policies:
http://www.ccap.org/
Maybe the best link: http://www.pointcarbon.com
For the basics, just search "CDM" "JI" on wikipedia
And off course the website from the UNFCCC
http://unfccc.int/kyoto_protocol/backgro鈥?/a>|||If you believe carbon credits are the answer,I have some swamp land in Florida you might be interested in buying.|||Cal Al Gore, he and his business partners are selling them.
is "a financial institution whose objectives are to apply financial innovation and incentives to advance social, environmental and economic goals through . . .
the Chicago Climate Exchange
and the
Chicago Climate Futures Exchange|||I hope that noone is foolish enough to give any money to these carbon credit scams but if they really insist on throwing their money away, I will accept all donations.|||Hello
You could start with the International Emission Trading Association: http://www.ieta.org/ieta/www/pages/index鈥?/a>
Check also the center for clean air policies:
http://www.ccap.org/
Maybe the best link: http://www.pointcarbon.com
For the basics, just search "CDM" "JI" on wikipedia
And off course the website from the UNFCCC
http://unfccc.int/kyoto_protocol/backgro鈥?/a>|||If you believe carbon credits are the answer,I have some swamp land in Florida you might be interested in buying.|||Cal Al Gore, he and his business partners are selling them.
How much are the monthly interest rates of MasterCard credit card available to international consumers?
they better by sh*ttier than the ones they have for me=)
Are there credit cards available to pay off another persons card?
My gf has a 6500 credit card maxed out at 25%+. She does not have the credit to get another card. I have the credit but is it possible for me to get a card and pay off her card as a balance transfer? Thanks for your help.|||nope you might be able to take out a personal loan with a small % rate and pay off the card and then pay the loan off|||no|||Why should you have to pay her credit card? Are you the reason she maxed out the credit? How do you even know she will stay with you after you pay the debt, I wouldn't do it, only if it was someone immediate in my family.|||Yes it is possible and easy if you have the credit. The debt will become your problem at that point but if you have thought that through and want to do it then yes you can. Call any card or cards you have and ask them send you checks that you can use for balance transfers. If indeed you have the credit they will send you several blank checks which you can make out for whatever you want as long as it's in your credit line. Most card companies send these checks to people all the time weather they request them or not.
What is the Best Gas Credit Cards? I would like to know the Gas Rebate Credit Cards available.?
I always purchase gas in BP gas stations. Is there a particular card that I can earn gas rebates?|||BP Credit Card is the best gas credit card. BP Gas Card's remarkable features are High 5% rebate for BP-related purchases; double rewards for purchases within the first two billing cycles; and reasonable APR for purchases.
If you frequently purchase gasoline from BP gas stations, you can take advantage of BP Visa Rewards Card. Each time you refuel from BP gas stations, you鈥檒l get a 5% rebate from your total amount purchased. As a BP Visa Rewards Card holder, you鈥檙e also entitled to a 2% rebate from purchases made at restaurants, airlines, hotels, inns, and car rentals. For all your other purchases you鈥檒l get a 1% rebate in your account. All rebates you鈥檝e collected for the first two billing cycles of your account will be doubled so the more rebates you earn for this entire period, the more points will be instantly doubled.
Each time you reach $25 from your rebates, you have the option of requesting for a check payable to your name, a BP gift card or donating the cash to The Conservation Fund. BP Visa Rewards Card has no annual fee so that鈥檚 another great savings on your budget. Furthermore, it offers a 0% introductory rate not just on balance transfers but on your purchases as well. That鈥檚 a double 0% interest for 6 months. When the introductory period expires, the rate of interest still remains at a reasonable cost.
Great Review here:
http://www.rewardcreditcardsite.com/gas-鈥?/a>
Other Gas Rewards Credit Cards:
http://www.rewardcreditcardsite.com/gas-鈥?/a>|||here is a website the lists the gas rewards cards for your review:
http://preferred.ecreditdirectory.com/ca鈥?/a>|||Check out www.fastcreditcardapprovals.com here you will be able to compare all major credit cards side by side on rates, fees and reward such as miles, cash back, gas and others, no matter what kind of credit you have they have the right card for you|||Best one is citi card
you might want to go here to compare them, http://www.bestcreditrates.net
If you frequently purchase gasoline from BP gas stations, you can take advantage of BP Visa Rewards Card. Each time you refuel from BP gas stations, you鈥檒l get a 5% rebate from your total amount purchased. As a BP Visa Rewards Card holder, you鈥檙e also entitled to a 2% rebate from purchases made at restaurants, airlines, hotels, inns, and car rentals. For all your other purchases you鈥檒l get a 1% rebate in your account. All rebates you鈥檝e collected for the first two billing cycles of your account will be doubled so the more rebates you earn for this entire period, the more points will be instantly doubled.
Each time you reach $25 from your rebates, you have the option of requesting for a check payable to your name, a BP gift card or donating the cash to The Conservation Fund. BP Visa Rewards Card has no annual fee so that鈥檚 another great savings on your budget. Furthermore, it offers a 0% introductory rate not just on balance transfers but on your purchases as well. That鈥檚 a double 0% interest for 6 months. When the introductory period expires, the rate of interest still remains at a reasonable cost.
Great Review here:
http://www.rewardcreditcardsite.com/gas-鈥?/a>
Other Gas Rewards Credit Cards:
http://www.rewardcreditcardsite.com/gas-鈥?/a>|||here is a website the lists the gas rewards cards for your review:
http://preferred.ecreditdirectory.com/ca鈥?/a>|||Check out www.fastcreditcardapprovals.com here you will be able to compare all major credit cards side by side on rates, fees and reward such as miles, cash back, gas and others, no matter what kind of credit you have they have the right card for you|||Best one is citi card
you might want to go here to compare them, http://www.bestcreditrates.net
Renting a car in USA! I have already paid but they want my credit card! Do i have to have a $$$ available?
I will have some credit available which i would use for shopping but if car rental company want to "hold" a certain amount against my card, that will mean i dont have enough available %26amp; also less to spend!
How does it work?|||They have to be able to hold the full amount of the rental on your credit card at the time of pick up (most companies have a minimum hold of between $200-$300). This amount will be released when you return the rental, but will be unavailable for the period of the rental.|||i have never found this a problem ,, its just incase you dont return the car or return it damaged ,, they dont touch your money or anything ,,, you will be safe ,,, have a great holiday|||Your card must be produced and the details taken when you pick the car up as a guarantee for damage etc.If you do not produce your credit card they will ask for a penalty cash lump sum to be paid before you take the car away.Should you complete the trip and hand the car back you will then get back the slip,should the car be in the same condition,there are slight variations on this process of course.It is normal procedure and nothing to worry about,you can still spend what you intended.|||The last answer is somewhat correct. I recently went on vacation and almost ran out of money cause of a similar answer. So here it is as explained to me by my bank in my situation:
I have a Visa DEBIT Card. DEBIT being the key word.
If you use a DEBIT card, Visa or Mastercard are only allowing there servers to access your local bank. There is in no way any credit extended. Meaning what you have is what you have. No More and No Less. A DEBIT card hold will physically remove the amount requested until the requestor manually releases the funds (hotel and rental car deposits as well as several other types of transactions).
What this means is if you have $500 in your Visa DEBIT account and say ABC Car rental states the hold will be $150, you will now only have $350 when you check the ATM. Do not believe what the person at the counter says cause you will be screwed and know one willhelp you.
Also another caution is do not assume when you return the car or check out you now have that money. You do not, they must confirm everything is in order and then usually their main office will do the release several days later. It is safe to assume that money will not be back in your account for at least 7 days, more realistic 14-21 days.
Remember this is for Bank issued DEBIT/VISA cards. If you have a "TRUE" credit card you will need to contact the issuer directly. Some credit card companies will honor a "hold" on your behalf and not reduce you credit line as long as the hold is not equal to or greater than 50% of your avail. credit line. However more and more companies are no longer doing this (and almost all sub-prime lenders treat a hold as a purchase). Also if it is handled as a purchase the release on certain cards can take up to 45 days.
How does it work?|||They have to be able to hold the full amount of the rental on your credit card at the time of pick up (most companies have a minimum hold of between $200-$300). This amount will be released when you return the rental, but will be unavailable for the period of the rental.|||i have never found this a problem ,, its just incase you dont return the car or return it damaged ,, they dont touch your money or anything ,,, you will be safe ,,, have a great holiday|||Your card must be produced and the details taken when you pick the car up as a guarantee for damage etc.If you do not produce your credit card they will ask for a penalty cash lump sum to be paid before you take the car away.Should you complete the trip and hand the car back you will then get back the slip,should the car be in the same condition,there are slight variations on this process of course.It is normal procedure and nothing to worry about,you can still spend what you intended.|||The last answer is somewhat correct. I recently went on vacation and almost ran out of money cause of a similar answer. So here it is as explained to me by my bank in my situation:
I have a Visa DEBIT Card. DEBIT being the key word.
If you use a DEBIT card, Visa or Mastercard are only allowing there servers to access your local bank. There is in no way any credit extended. Meaning what you have is what you have. No More and No Less. A DEBIT card hold will physically remove the amount requested until the requestor manually releases the funds (hotel and rental car deposits as well as several other types of transactions).
What this means is if you have $500 in your Visa DEBIT account and say ABC Car rental states the hold will be $150, you will now only have $350 when you check the ATM. Do not believe what the person at the counter says cause you will be screwed and know one willhelp you.
Also another caution is do not assume when you return the car or check out you now have that money. You do not, they must confirm everything is in order and then usually their main office will do the release several days later. It is safe to assume that money will not be back in your account for at least 7 days, more realistic 14-21 days.
Remember this is for Bank issued DEBIT/VISA cards. If you have a "TRUE" credit card you will need to contact the issuer directly. Some credit card companies will honor a "hold" on your behalf and not reduce you credit line as long as the hold is not equal to or greater than 50% of your avail. credit line. However more and more companies are no longer doing this (and almost all sub-prime lenders treat a hold as a purchase). Also if it is handled as a purchase the release on certain cards can take up to 45 days.
Do we still have a capital gains credit available at 55?
I assume you are referring to the old one time $125,000 capital gains exclusion from the sale of a primary residence for persons 55 and older. The exclusion has been repealed and replaced with section 121 of the tax code. Section 121 allow for an exclusion regardless of age when you live and own a primary residence for 2 of the past 5 years. The exclusion amount if $250,000 for a single person and $500,000 for a married couple filing jointly. The exclusion is available every two years.
Some people qualify for a pro rated share of the exclusion based upon the reason they move such as a job related transfer, health related reason, or other unforseen circumstance.|||If you are talking about the one time home sale exclusion after age 55, NO, that went away in 1997.
Some people qualify for a pro rated share of the exclusion based upon the reason they move such as a job related transfer, health related reason, or other unforseen circumstance.|||If you are talking about the one time home sale exclusion after age 55, NO, that went away in 1997.
What does "Available credit" mean?
i havent recieved the card yet or anything but i checked online and its like:
Available credit: $800|||that is how much you can charge.
But never charge that much.
If you charge close, the interest fees might kick you over the limit.
so say you charge $789 worth of goods and services. Your interest charge might be $35.00 and then you will be over the limit on your credit card.
If that happens then you will owe a $25.00 (or more) over the limit fee.|||thats how much you can spend, if you go over you get a charge mine is like a $28 fee
peace love answers
jillie|||When you get a new credit account you are told the amount it is for. In this case if you have not yet used your credit account to get funds then the available credit is the same as your credit limit which is $800. Say you used $100 of credit then the available credit would be $700 since you used the $100 an so on.
Available credit: $800|||that is how much you can charge.
But never charge that much.
If you charge close, the interest fees might kick you over the limit.
so say you charge $789 worth of goods and services. Your interest charge might be $35.00 and then you will be over the limit on your credit card.
If that happens then you will owe a $25.00 (or more) over the limit fee.|||thats how much you can spend, if you go over you get a charge mine is like a $28 fee
peace love answers
jillie|||When you get a new credit account you are told the amount it is for. In this case if you have not yet used your credit account to get funds then the available credit is the same as your credit limit which is $800. Say you used $100 of credit then the available credit would be $700 since you used the $100 an so on.
Do credit unions consider the amount of money available in your accounts when pre approving a car loan?
I know that you have to have a decent credit score, employment, and income to be pre approved for a car loan, but I am also wondering do loan officers take in account how much mooney you have available in your savings/checking account when approved for a loan? Also, how do they come up with the pre approval amount? Are there any stipulations with a pre approval car loan??|||Money in checking accounts, savings accounts, investments usually are not considered when applying for a loan. The money says nothing about your history of paying off loans. Furthermore, you could wipe out the accounts the day after you get approved for a loan.
The amount for which you are approved is dependent on three things: 1) your income, 2) your outstanding debts, and 3) your current credit limits and the percentage of those limits that you are currently using.|||How much you have in savings does not usually matter although if you've had it there for years it might make a small impact.
the preapproval amount is usually related to how much they figure you can comfortably afford to pay.
The stipulations might be related to their estimate of value.
My credit union says: Maximum used car loan advance is NADA "Retail Value" or 80% of the purchase price where NADA "Retail Value" is not available.
On a related note, my credit union TURNED ME DOWN for a cash back credit card despite the fact that I had over $30,0000 in CDs.
I tried again about a year later and they approved it with a $1000 limit. Later, when I had some big purchases pending, they upped it to $5000 after pleading with them but by then I had over $70,000 in CDs.
A month or so ago, they changed a rule that said they can raid your other accounts with them if you fail to pay back any loan. Apparently it wasn't always the case.|||HI ,my names is Joy Rose.i saw your question in yahoo answer .i decide to referred anybody who is dire in need of loan to this God fearing man because i have been SCAMMED twice by this fake lenders.when i have bad credit is this man that gave me{ $60,000] .you can get to him via Email james.wood8483@yahoo.com. tell him joy rose referred you to him who he gave a loan to.Goodluck
thanks,from joy Rose|||My name is Ken Lee i am the managing director of Ken lee loan firm I assist people financially who are desperate need of a loan, because I think enough is enough I want to prove myself to everyone.
TYPE OF LOAN
business loan, company loan, personal loan, housing loan, student loan etc.
I assure you 100% guaranty your problem will be solved. So hurry now by sending us your details Hope to see your response via this link.
kenleeloanfirm@ymail.com , kenleeloanfirm@live.com|||I am just whyte, i had issues getting a loan of 150k until i met Henry Smith. do contact him at henrysmith612@gmail.com All thanks goes to my friends Lissa for introducing me to him. I am doing like wise here.....Congratulations as you contact him....
The amount for which you are approved is dependent on three things: 1) your income, 2) your outstanding debts, and 3) your current credit limits and the percentage of those limits that you are currently using.|||How much you have in savings does not usually matter although if you've had it there for years it might make a small impact.
the preapproval amount is usually related to how much they figure you can comfortably afford to pay.
The stipulations might be related to their estimate of value.
My credit union says: Maximum used car loan advance is NADA "Retail Value" or 80% of the purchase price where NADA "Retail Value" is not available.
On a related note, my credit union TURNED ME DOWN for a cash back credit card despite the fact that I had over $30,0000 in CDs.
I tried again about a year later and they approved it with a $1000 limit. Later, when I had some big purchases pending, they upped it to $5000 after pleading with them but by then I had over $70,000 in CDs.
A month or so ago, they changed a rule that said they can raid your other accounts with them if you fail to pay back any loan. Apparently it wasn't always the case.|||HI ,my names is Joy Rose.i saw your question in yahoo answer .i decide to referred anybody who is dire in need of loan to this God fearing man because i have been SCAMMED twice by this fake lenders.when i have bad credit is this man that gave me{ $60,000] .you can get to him via Email james.wood8483@yahoo.com. tell him joy rose referred you to him who he gave a loan to.Goodluck
thanks,from joy Rose|||My name is Ken Lee i am the managing director of Ken lee loan firm I assist people financially who are desperate need of a loan, because I think enough is enough I want to prove myself to everyone.
TYPE OF LOAN
business loan, company loan, personal loan, housing loan, student loan etc.
I assure you 100% guaranty your problem will be solved. So hurry now by sending us your details Hope to see your response via this link.
kenleeloanfirm@ymail.com , kenleeloanfirm@live.com|||I am just whyte, i had issues getting a loan of 150k until i met Henry Smith. do contact him at henrysmith612@gmail.com All thanks goes to my friends Lissa for introducing me to him. I am doing like wise here.....Congratulations as you contact him....
What is the cheapest credit card available in australia?
with the banks or building societies, i think im paying about 9%, is there any cheaper around, i know one of the commercial channels did a survey,but i do not know which one.|||Well firstly they all are the cheapest if you pay your credit cards off on time (that is they won't charge you interest).
Go to infochoice. Allows you to put in your situation and helps you select the best card for you.
http://www.infochoice.com.au/banking/cre鈥?/a>|||St.George Vertico Card. Up to 55 days interest free on purchases. Low annual fee.
Go to infochoice. Allows you to put in your situation and helps you select the best card for you.
http://www.infochoice.com.au/banking/cre鈥?/a>|||St.George Vertico Card. Up to 55 days interest free on purchases. Low annual fee.
How do you exspect individuals to pay off their credit cards debts, when there are no jobs available?
I don't have acredit card. However there are many individuals who do. And they got their credit cards in good faith. They thought they would be able to pay their debts, because they had jobs. However since there are NO jobs available. How are they going to pay for their convient plastic credit cards?|||Raking up credit card debt is a bad move whether you have a job or not.
Society needs to learn to live within their means but banks are just as much at fault for allowing people to continue getting approved for more and more credit.
It's a vicious circle.|||Many people save in case they lose their jobs.
Experts will tell you to save 6 to 9 months worth of living expenses in a savings
Note: 54% of Americans pay their credit cards in full each month.
They never carry a balance and never pay interest.
They also have that emergency savings in place.
^^^ Not everyone is a dead beat|||That is a complete false argument.
If they did not have the money to pay for it they should never have purchased it.
If you did not have the money to pay for it you would then be paying 20% interest. You have to be nuts to purchase anything at 20% interest.
That is very simple economics.
Even the squirrels know that you must put something away for a rainy day.|||"They got their credit cards in good faith." That's not why they're in trouble. They're in trouble because they BORROWED too much on those cards instead of behaving responsibly.|||as of 3 minutes ago, there were 4,223,009 jobs available in america....|||No jobs available?
I doubt it.
If you are willing to work for less, at least temporarily, you can find a job.|||What?
So because they were to stupid to plan for the future they should be forgiven their debts?|||They can ask the IMF to bail them out like everyone else
Society needs to learn to live within their means but banks are just as much at fault for allowing people to continue getting approved for more and more credit.
It's a vicious circle.|||Many people save in case they lose their jobs.
Experts will tell you to save 6 to 9 months worth of living expenses in a savings
Note: 54% of Americans pay their credit cards in full each month.
They never carry a balance and never pay interest.
They also have that emergency savings in place.
^^^ Not everyone is a dead beat|||That is a complete false argument.
If they did not have the money to pay for it they should never have purchased it.
If you did not have the money to pay for it you would then be paying 20% interest. You have to be nuts to purchase anything at 20% interest.
That is very simple economics.
Even the squirrels know that you must put something away for a rainy day.|||"They got their credit cards in good faith." That's not why they're in trouble. They're in trouble because they BORROWED too much on those cards instead of behaving responsibly.|||as of 3 minutes ago, there were 4,223,009 jobs available in america....|||No jobs available?
I doubt it.
If you are willing to work for less, at least temporarily, you can find a job.|||What?
So because they were to stupid to plan for the future they should be forgiven their debts?|||They can ask the IMF to bail them out like everyone else
Are there any prepaid credit cards available in Canada?
Preferrably in Ontario, issued by some sort of trusted financial company? If so, how/where would i have to go to get one?
I have tried searching it ten thousand times and anything that seemed legitimate was not being offered in Canada.|||Capital One offers a secured card. Try them online.|||http://www.creditcardsearch.ca鈥?/a>
This site has info on all credit cards in Canada. The page specific to this link contains info specific to prepaid credit cards, specifically.
:P
|||Technically there is prepaid credit cards in the specific area you are talking about. The thing is, they are just hard to accumulate.
I have tried searching it ten thousand times and anything that seemed legitimate was not being offered in Canada.|||Capital One offers a secured card. Try them online.|||http://www.creditcardsearch.ca鈥?/a>
This site has info on all credit cards in Canada. The page specific to this link contains info specific to prepaid credit cards, specifically.
:P
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|||Technically there is prepaid credit cards in the specific area you are talking about. The thing is, they are just hard to accumulate.
Is there a credit card available which will allow you to change your account number?
If you have automatic bill pay, it can be difficult to stop a company
from billing your account|||If a company won't stop an automatic pay charge, contact your credit card company and dispute the charges. You shouldn't have to close and reopen or fraudulently report stolen any account.|||I think you can also *cancel* your credit card and then re-open a new account.|||If you call the credit card company and tell them you lost your card, they will issue you a new number for your account. Just make sure you tell them that there are no fradulent charges on the account yet.
from billing your account|||If a company won't stop an automatic pay charge, contact your credit card company and dispute the charges. You shouldn't have to close and reopen or fraudulently report stolen any account.|||I think you can also *cancel* your credit card and then re-open a new account.|||If you call the credit card company and tell them you lost your card, they will issue you a new number for your account. Just make sure you tell them that there are no fradulent charges on the account yet.
If my available credit on a card is $0 once finance charges hit will I be charged an overlimit fee?
you shouldn't be using your entire balance - it will take you forever to pay if off if you are only making minimum payments|||Oh yes you will.
Credit cards suck.
Credit cards suck.
That the quantity of credit available to American consumers should be significantly reduced?
I am in a Debate class and am having some trouble finding the information that I need to come up with the right type of constructivge..just needing some help with either cites, quotes, references..anything that will help..thanks(my partner doesnt help too much)|||I assume that you are arguing that consumer credit SHOULD be limited?
Point 1) Bankruptcy rates are increasing (I will check for data sources)
Point 2) Laws for bankruptcy changed to remove the ability of consumers to get out from under consumer debt (credit cards) ONLY. This was done at the request of credit card companies who were seeing record bankruptcy rates
Follow the link below to watch a PBS special on the sneaky tricks Credit Card companies do. You can actually watch the show online. It was filmed before the law changed so that information is not on the show.
This should give you a decent start. By the way, I agree that credit should be limited more than it is. When I got my home mortgage, they offered to loan me WAY more than I should ever borrow or could ever repay.|||Arguing this as a consumer protection measure means you have to assume the consumers are incompetent to manage their finances. This may be true , but is hard to do based on economics because economics assume consumers are rational and know how to maximize their utility. You can however argue that banks and finance company managers have an incentive to maximize profits by making risky loans, even at the risk of becoming insolvent, because the loss due to insolvency does not fall on them, but on others. This is a problem that has long been recognized for banks, and as a consequence their deposits are insured by the FDIC, and they are regulated to prevent bank failures from damaging the economy as happened in the 1930's. The Savings an Loan crisis of the 1980's demonstrate that the potential for problems is still here.|||I'm in the same boat you are- but here is what I have gathered.
To argue the Affirmative side of the topic, you should probably take the approach of chronic spenders and problems associated with too much credit. Impact this in your speech. The negative will obviously point out that this is for relatively small numbers of people, but if you argue it well in the CX, then you'll be o.k. Just point out the amount of damage the people cause to the economy.
I made a list of arguments.
1. Current national average savings per household is in the negative numbers.
2.The amount of consumer spending has increased at a faster rate than consumer savings, which creates a great imbalance. (U.S. Department of Commerce)
3.Credit lenders are solely for profit, and many times they offer to give you more credit than you actually need.
4. Bankruptcy rates have increased.
5. Credit companies (particularly credit card companies) look for young and naive people they know will use their credit without too many questions. This is unethical.
6. In the past, they had caps on amount of credit available, and with that implemented, there were less problems with credit.
I'm sure there is a lot more things you could think of, but this is what comes to mind. If you debate this, in public forum, you really do not need a lot of statistics (meaning the other side cannot ask for them directly) but they do help with making an impact in your case.
I could not find much evidence, but these helped me understand the topic better.
The Wall Street Journal: Guide to Understanding Personal Finance had some good stuff on credit and the way it worked.
Checkout the U.S. Census Bureau website and they have some statistics. http://www.census.gov/|||Hello,
I am also on a debate team with the same topic. May I suggest you go to google, put the resolution in the search bar, and choose the first link to the scholarly articles. They have a wealth of good information
Point 1) Bankruptcy rates are increasing (I will check for data sources)
Point 2) Laws for bankruptcy changed to remove the ability of consumers to get out from under consumer debt (credit cards) ONLY. This was done at the request of credit card companies who were seeing record bankruptcy rates
Follow the link below to watch a PBS special on the sneaky tricks Credit Card companies do. You can actually watch the show online. It was filmed before the law changed so that information is not on the show.
This should give you a decent start. By the way, I agree that credit should be limited more than it is. When I got my home mortgage, they offered to loan me WAY more than I should ever borrow or could ever repay.|||Arguing this as a consumer protection measure means you have to assume the consumers are incompetent to manage their finances. This may be true , but is hard to do based on economics because economics assume consumers are rational and know how to maximize their utility. You can however argue that banks and finance company managers have an incentive to maximize profits by making risky loans, even at the risk of becoming insolvent, because the loss due to insolvency does not fall on them, but on others. This is a problem that has long been recognized for banks, and as a consequence their deposits are insured by the FDIC, and they are regulated to prevent bank failures from damaging the economy as happened in the 1930's. The Savings an Loan crisis of the 1980's demonstrate that the potential for problems is still here.|||I'm in the same boat you are- but here is what I have gathered.
To argue the Affirmative side of the topic, you should probably take the approach of chronic spenders and problems associated with too much credit. Impact this in your speech. The negative will obviously point out that this is for relatively small numbers of people, but if you argue it well in the CX, then you'll be o.k. Just point out the amount of damage the people cause to the economy.
I made a list of arguments.
1. Current national average savings per household is in the negative numbers.
2.The amount of consumer spending has increased at a faster rate than consumer savings, which creates a great imbalance. (U.S. Department of Commerce)
3.Credit lenders are solely for profit, and many times they offer to give you more credit than you actually need.
4. Bankruptcy rates have increased.
5. Credit companies (particularly credit card companies) look for young and naive people they know will use their credit without too many questions. This is unethical.
6. In the past, they had caps on amount of credit available, and with that implemented, there were less problems with credit.
I'm sure there is a lot more things you could think of, but this is what comes to mind. If you debate this, in public forum, you really do not need a lot of statistics (meaning the other side cannot ask for them directly) but they do help with making an impact in your case.
I could not find much evidence, but these helped me understand the topic better.
The Wall Street Journal: Guide to Understanding Personal Finance had some good stuff on credit and the way it worked.
Checkout the U.S. Census Bureau website and they have some statistics. http://www.census.gov/|||Hello,
I am also on a debate team with the same topic. May I suggest you go to google, put the resolution in the search bar, and choose the first link to the scholarly articles. They have a wealth of good information
My credit card shows: Available credit is greater than credit limit amount. What does it mean?
It likely means that you have a net positive balance on your account. READ your statement.|||It happened to me and they raised my credit limit by 6000 bucks! Sometimes it takes a month or so before it all looks right!|||dont worry. It sounds like all you have done is over paid what you owe them.
So effectivley they owe you money. if i was you i would call the bank and ask them if you have over paid then they will tell you
So effectivley they owe you money. if i was you i would call the bank and ask them if you have over paid then they will tell you
What is the best credit card available in the U.S. for someone carrying a balance?
A friend of mine is carrying several thousand dollars in credit card debt right now. She has a decent credit score (~700) and wants to transfer the entire balance to a card that will give her 0% APR for the first year and give her rewards. She intends to pay it off over the next 6 months. Any ideas?|||I would say pay attention to the mail. I get several offers each week. Most for 0% for 6 to 12 months. You say her score is ~700, so it should be no problem...
another thought is to simply call one of the cards she has a balance on now and simply ask them if they would be willing to do a deal for her business. There may be a transfer fee (as much as $150 for all the transfers) as well.
Some cards give checks to do this very thing. This would help to cut the transfer fees as they typically top out at a certain amount (pay attention to the fine print). Write the check to self and deposit it in the bank. Then write personal checks to the various cards for the amounts owed each one. This will put the entire balance on one card for only one fee.
As for rewards, Discover gives cash back (or partner rewards), Visa and others do similar things. Watch the mail, check online (google it), or simply ask the various cards already owned.
I used to do this transfer money thing a lot. I like using the banks money to earn interest... hehehe. Now I am debt free (except mortgage). Hope it all works out for your friend.|||Sounds like she's on the right track. Calling several companies I'm sure one if not more would have a 0% APR for 3-6 months. As far as gaining rewards on a couple thousand dollars for 6 months I'm not sure you'd really get enough to be of any use. I know Visa offers airline miles. The biggest reward however would be to finish paying it off and keep the balance at zero. That would put anyone further ahead than what they could gain in reward points.|||go with citi-card, or go here to compare them, they have a few here http://www.bestcreditrates.net|||You might also want to have her check out www.bankrate.com or www.fool.com (that's the Motley Fool financial website); they both offer some pretty good advice on cards when you're carrying a balance from month to month.|||there are many cards out there that will provide you this. you need only check online. However, I would recommend calling 1-800-Discover. This is the # for Discover card. I know that they have the best rewards program around and I believe you can get the 0% APR for the first year. Note though I don't think any credit card companies Awards Program will give award points on balance transfers. Card companies make money on the interest and they also make money on the transaction. Generally, the rewards are based on transacted dollars not transfered dollars. You'll probably want to check that out.
another thought is to simply call one of the cards she has a balance on now and simply ask them if they would be willing to do a deal for her business. There may be a transfer fee (as much as $150 for all the transfers) as well.
Some cards give checks to do this very thing. This would help to cut the transfer fees as they typically top out at a certain amount (pay attention to the fine print). Write the check to self and deposit it in the bank. Then write personal checks to the various cards for the amounts owed each one. This will put the entire balance on one card for only one fee.
As for rewards, Discover gives cash back (or partner rewards), Visa and others do similar things. Watch the mail, check online (google it), or simply ask the various cards already owned.
I used to do this transfer money thing a lot. I like using the banks money to earn interest... hehehe. Now I am debt free (except mortgage). Hope it all works out for your friend.|||Sounds like she's on the right track. Calling several companies I'm sure one if not more would have a 0% APR for 3-6 months. As far as gaining rewards on a couple thousand dollars for 6 months I'm not sure you'd really get enough to be of any use. I know Visa offers airline miles. The biggest reward however would be to finish paying it off and keep the balance at zero. That would put anyone further ahead than what they could gain in reward points.|||go with citi-card, or go here to compare them, they have a few here http://www.bestcreditrates.net|||You might also want to have her check out www.bankrate.com or www.fool.com (that's the Motley Fool financial website); they both offer some pretty good advice on cards when you're carrying a balance from month to month.|||there are many cards out there that will provide you this. you need only check online. However, I would recommend calling 1-800-Discover. This is the # for Discover card. I know that they have the best rewards program around and I believe you can get the 0% APR for the first year. Note though I don't think any credit card companies Awards Program will give award points on balance transfers. Card companies make money on the interest and they also make money on the transaction. Generally, the rewards are based on transacted dollars not transfered dollars. You'll probably want to check that out.
Available prepaid credit card quantities?
I want to know if there's prepaid credit cards with quantities of 5 dollars or maybe 10. i need to buy one of those so i can fund shipping.|||You can buy a refillable prepaid card %26amp; just put on it what you want or you can buy the prefilled, non refillable, kinds that come in $25, 50, 75, %26amp; 100 denominations. Either way you pay to get them. Refillable ones can charge you a sliding scale by how much you are putting on it or a set amount no matter how much up to the limit they set for the card, depends on the company. The non refillable ones have a set charge by how much is listed on them.|||I don't know what the values are but try: http://www.mycardapproval.newcreditapplications.com/Categories/PrePaid
How much credit will be available math problem?
Suppose that the credit remaining on a phone card (in dollars) is a linear function of the total calling time (in minutes). When graphed, the function gives a line with a slope of -0.16 . See the figure below.
There is $30.92 in credit remaining on the card after 37 minutes of calls. How much credit will there be after 52 minutes of calls?|||if you have a slope of -.16, that means that for every minute, you lose 16 cents on your credit.
52-37=15
so in 15 min you will lose 15*.16 = $2.40
So $30.92-$2.40 = $28.52
There is $30.92 in credit remaining on the card after 37 minutes of calls. How much credit will there be after 52 minutes of calls?|||if you have a slope of -.16, that means that for every minute, you lose 16 cents on your credit.
52-37=15
so in 15 min you will lose 15*.16 = $2.40
So $30.92-$2.40 = $28.52
Are there any good student loans available to a person with a bad credit score?
I'm looking for a student loan I can use this fall that will accept me even with less then perfect credit and no co-signer. Are there any available that would consider me?|||Hi,
Have seen lots of people asking info on bad credits. Well, if you need to get your problem solved on%26lt;!--bad credit, you must know to how to confront it and how to clear the bad credit. Many factors can contribute to someone getting a "bad credit" rating, among these are non-payment of an account or late payments over an extended length of time. Take a look on
http://badcredits.awardspace.com/...
You can easily be labelled as a bad credit risk by financial companies. This can make it more difficult to--%26gt;arrange loans or other finance, and usually means you will pay more interest on any loan you take out.
Have seen lots of people asking info on bad credits. Well, if you need to get your problem solved on%26lt;!--bad credit, you must know to how to confront it and how to clear the bad credit. Many factors can contribute to someone getting a "bad credit" rating, among these are non-payment of an account or late payments over an extended length of time. Take a look on
http://badcredits.awardspace.com/...
You can easily be labelled as a bad credit risk by financial companies. This can make it more difficult to--%26gt;arrange loans or other finance, and usually means you will pay more interest on any loan you take out.
How long does it take for you to establish credit when you have no credit score available?
We are trying to purchase our first home and are running into problems!!:(|||start with car loan pay on time 4 six mo.then apply 4 cc pay on 4 six mo.and u ready 4 the HOUSE|||It takes a while to build good standing credit like at least a year. You should search the web for organizations and companies that finance first time home ownership. Most will tell you wait about a year and try back then.|||It should take less than a year. Start by getting a credit card or purchasing a car.
While credit cards are easy to get, watch out for the scams and preditory lenders. There are cards marketed to people with no credit or bad credit that are horrible.
Most car dealers offer "First Time Buyer Programs". The rates are high, but after about 6 - 12 months of on time payments, you can refinance at a lower rate.
Good luck|||Yes you can.
However, some institutions may approve bad credit bank loan. Keep in mind that they may charge you a higher interest rate. If you have bad credit or poor credit history, you may have trouble convincing lenders to approve your loans.
I have a list of some best compnies offering low interest Bad Credit loans with fast approval. Just email me with subject Bad Credit Loans at solidoffer11@yahoo.com you dont
have to write anything.
Best wishes|||It takes 6 months after you open a credit account for you to have a credit score. But why do you care about credit scores, they are nothing more than I love debt scores, the only way to get one is by going into debt. The richest people in the wold most likely don't have credit scores, because they have no need for credit. Warren Buffet doesn't use credit cards. You should avoid using credit and just live on a cash basis.|||Depending on the types of credit you have (car loan, credit cards, etc), it can take anywhere from 6 months to a year for your credit to be established
While credit cards are easy to get, watch out for the scams and preditory lenders. There are cards marketed to people with no credit or bad credit that are horrible.
Most car dealers offer "First Time Buyer Programs". The rates are high, but after about 6 - 12 months of on time payments, you can refinance at a lower rate.
Good luck|||Yes you can.
However, some institutions may approve bad credit bank loan. Keep in mind that they may charge you a higher interest rate. If you have bad credit or poor credit history, you may have trouble convincing lenders to approve your loans.
I have a list of some best compnies offering low interest Bad Credit loans with fast approval. Just email me with subject Bad Credit Loans at solidoffer11@yahoo.com you dont
have to write anything.
Best wishes|||It takes 6 months after you open a credit account for you to have a credit score. But why do you care about credit scores, they are nothing more than I love debt scores, the only way to get one is by going into debt. The richest people in the wold most likely don't have credit scores, because they have no need for credit. Warren Buffet doesn't use credit cards. You should avoid using credit and just live on a cash basis.|||Depending on the types of credit you have (car loan, credit cards, etc), it can take anywhere from 6 months to a year for your credit to be established
I have 650.00 available credit on a cc but they wont let me take an advance against it because ?
i am behind in behind in my payment by one month, so i post dated a check to them and they said after it clears i can draw from it. does anyone know away around this its an emergency|||Sorry but when you fall behind in your payments you have violated your agreement with the credit card company so of course they shut off the card until you get caught up.
No way around it sorry.|||pay your bills on time nothing you can do about it now
No way around it sorry.|||pay your bills on time nothing you can do about it now
Are there any student loans that are available without a credit check?
I am in the last semester of college and unfortunately my family has run into some financial hardships. I need to finish this last semester, but at this point am unable due to a lack of funds. I have bad credit due to some bad desicions that I am paying for now. I'd appreciate any help. Thank You|||Well, I am curretnly enrolled in College and along with my grants, which if you are not being claimed by anyone on taxes you qualify for...I get what are called guranteed student loans through Sallie Mae. Your best bet would be to go in and talk to a financial aid counselor. They may not know everything, but trust me they want you to stay in school as much as you do. Remember...as long as you are in their school they are making money. I hope I have helped you out some. Good luck! P.S. Do your FAFSA online and make sure you check the box that says you are interested in Student Loans and Work Study.|||are you not eligble for grants?
No I don't know any bank in the US or UK that doesn't want to look at your credit before giving you a loan....However, there are some institutions that can work with you to see where your credit score is...and if it's not soooo sooo bad...they will open a loan for you but with extreme interest or such.
May I suggest that you research which websites have those people offering to send someone to college?|||There is Salli Mae loans for people that can't get a co-signer I actually signed up for one and it paid for my college|||government loans,pell grants|||it depends with were you are if in the uk its worth going to your students finance they are funds available especially for this you can get a loan which you can pay back or they can give it to you as a grant its worth having a word with them
No I don't know any bank in the US or UK that doesn't want to look at your credit before giving you a loan....However, there are some institutions that can work with you to see where your credit score is...and if it's not soooo sooo bad...they will open a loan for you but with extreme interest or such.
May I suggest that you research which websites have those people offering to send someone to college?|||There is Salli Mae loans for people that can't get a co-signer I actually signed up for one and it paid for my college|||government loans,pell grants|||it depends with were you are if in the uk its worth going to your students finance they are funds available especially for this you can get a loan which you can pay back or they can give it to you as a grant its worth having a word with them
When will the first time home buyers credit be available for 2009?
I want to file w/ H%26amp;R Block but she said it still is not ready (the 5405 that is) and I don't want to ammend or taxes. I know that I will have to mail in the 5405, but when will we be able to complete our taxes without ammending them. The on line service center for H%26amp;R Block said they are able to but our local office said not yet.|||They should be able to do that already. Might want to inquire at a different H%26amp;R block location...|||Wow, I am in the same situation! They said they would give me a call as soon as its ready. I think its ridiculous that its not ready. I will let you know as soon as its ready, please tell me if you hear anything. Thanks
How much credit will be available math problem?
The credit remaining on a phone card (in dollars) is a linear function of the total calling time made with the card (in minutes). The remaining credit after 27 minutes of calls is $21.76, and the remaining credit after 40 minutes of calls is $20/20. What is the remaining credit after 51 minutes of calls?|||this is going to be a negative slope, so first we'll find slope
m = (y2 - y1)/(x2 - x1) = (20.20 - 21.76) / (40-27)= ( -1.56 ) / 13
then using y2 and x2, we'll find how much credit there will be left
( -1.56 ) / 13 = (y3 - 20.20) / (51 - 40)
( -1.56 ) / 13 = (y3 - 20.20) / 11
solve as proportion
-1.56 * 11 = 13 * (y2 - 20.20)
- 17.16 = 13 y3 - 262.6
13 y3 = 245.44
y3 = $18.88
m = (y2 - y1)/(x2 - x1) = (20.20 - 21.76) / (40-27)= ( -1.56 ) / 13
then using y2 and x2, we'll find how much credit there will be left
( -1.56 ) / 13 = (y3 - 20.20) / (51 - 40)
( -1.56 ) / 13 = (y3 - 20.20) / 11
solve as proportion
-1.56 * 11 = 13 * (y2 - 20.20)
- 17.16 = 13 y3 - 262.6
13 y3 = 245.44
y3 = $18.88
In country pakistan how many are payment methods online are available. no credit only internet banking secure?
as subject says i have only internet banking and nothing so what are secure payment methods available in pakistan online.|||1|||I have come across with the payment method solution which works in Pakistan and provide better payment system. OKpay has good benefits for getting your payment on their debit master card.
http://www.okpay.com
It provides:
1) Globally Accepted Debit Card - OKPAY offers an international payment pro
http://www.okpay.com
It provides:
1) Globally Accepted Debit Card - OKPAY offers an international payment pro
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When will form 5405 for the homebuyers tax credit be available?
And yes, I am aware of the way it works (interest free loan that is to be paid back over the course of 15 years).|||No telling when it'll be available. And last year, some forms weren't available when filing season started so people had to wait until sometime in February to file if they needed those forms.|||Check the IRS website.|||There's no official date yet.
There's still 2 weeks until the IRS starts accepting efiled returns and no once can file until they have their W-2s anyway....
There's still 2 weeks until the IRS starts accepting efiled returns and no once can file until they have their W-2s anyway....
Can I get a Tax Credit for keeping a position available for Barack Obama when he becomes unemployed Dec. 2012?
I have either Stock, Janitor, or Salesman available. I work at Winn-Dixie. We offer a generous Health plan, though i dont have it because i dont get sick. Barack Obama might want it, though, since his Health plan is going away.
Can i get a Tax Credit for keeping a spot open for him, when his Presidency ends December 21,2012, and he has to WORK?|||YES YOU CAN!
Can i get a Tax Credit for keeping a spot open for him, when his Presidency ends December 21,2012, and he has to WORK?|||YES YOU CAN!
Can you get an equity loan when you have alot of equity available but bad credit?
I have alot of equity in my home but my credit is bad due to some past mistakes. I have a good job and income and just need a smaller amount to get rid of all of them. Can anyone help with this situation?|||Try a home equity loan
All you can do is call your current lender and ask|||Probably not. Any kind of home loan will require decent credit. Bad credit pretty much insures you won't qualify for a loan.
All you can do is call your current lender and ask|||Probably not. Any kind of home loan will require decent credit. Bad credit pretty much insures you won't qualify for a loan.
What does "Current Available Credit" mean?
What does "Current Available Credit" mean?
My credit limit is $1000 and my
Current available credit is $990.00
Does that mean I owe $10?|||yup...current available credit is how much you can spend.|||Yes, when it is due. That assumes that you have not made additional charges that have not posted yet.
My credit limit is $1000 and my
Current available credit is $990.00
Does that mean I owe $10?|||yup...current available credit is how much you can spend.|||Yes, when it is due. That assumes that you have not made additional charges that have not posted yet.
What is the best prepaid credit card available in the uk?
I need it to put wages in and draw to it out. Preferrably one with low or no monthly fees and atm transactions.|||Following are the best prepaid cards in UK
- Virgin Prepaid Mastercard
- cashplus Prepaid Gold MasterCard
- Freedom Eagle Prepaid PAYG Personalised|||There are so many now, its hard to say. They all make money from you one way or another, either by charging you to load it and then charging when you use it.
The one to avoid is the Virgin card. It costs 拢9.99 and is not embossed so it can only be used on line. 3vcash card is free to get and does the same thing. It is a Visa card, but you can only use it online. Many people pay for their online shopping with at Tesco etc. And if you only put 拢20 on it at a PayZone, it is free. I keep one just for mucky sites on the web.
The other one that isn't too bad, is Cashplus. They charge 拢4.95 a month if you use it all the time to shop etc or a 拢1 if you use it once in a blue moon. Wages can be paid onto it and you can also top it up at the Post Office and Money Shops for free. It is a gold card so looks smart when you plonl it on the counter to pay.
I'd get one of each. The 3vcash has been really useful, cheap and you can make your own name up.|||In my honest opinion if you have a 02 contract I would go through them. Have a look at a money comparison website like www.themoneyexpress.co.uk which compares pre-paid credit cards. :)
- Virgin Prepaid Mastercard
- cashplus Prepaid Gold MasterCard
- Freedom Eagle Prepaid PAYG Personalised|||There are so many now, its hard to say. They all make money from you one way or another, either by charging you to load it and then charging when you use it.
The one to avoid is the Virgin card. It costs 拢9.99 and is not embossed so it can only be used on line. 3vcash card is free to get and does the same thing. It is a Visa card, but you can only use it online. Many people pay for their online shopping with at Tesco etc. And if you only put 拢20 on it at a PayZone, it is free. I keep one just for mucky sites on the web.
The other one that isn't too bad, is Cashplus. They charge 拢4.95 a month if you use it all the time to shop etc or a 拢1 if you use it once in a blue moon. Wages can be paid onto it and you can also top it up at the Post Office and Money Shops for free. It is a gold card so looks smart when you plonl it on the counter to pay.
I'd get one of each. The 3vcash has been really useful, cheap and you can make your own name up.|||In my honest opinion if you have a 02 contract I would go through them. Have a look at a money comparison website like www.themoneyexpress.co.uk which compares pre-paid credit cards. :)
My credit report is not available. what to do now?
I am having my credit card for the past three months and have excellent credit history. But the credit history is available under only one credit bureau. I am now applying for auto loan and when credit unions/financial institutions run a credit check they are not finding any credit history. There is no file in other credit unions.
How do we make sure appropriate information goes to all credit monitoring agencies? Is there anyway to report to those agencies or should I have to report to my bank(which has issued me the credit card) ?|||Apparently your bank only reports to one credit bureau. You could ask them to report to the others.
Have you pulled copies of your credit report from all three credit bureaus? You get free copies thru AnnualCreditReport.com. Maybe there's some kind of problem at the other 2 bureaus.
How do we make sure appropriate information goes to all credit monitoring agencies? Is there anyway to report to those agencies or should I have to report to my bank(which has issued me the credit card) ?|||Apparently your bank only reports to one credit bureau. You could ask them to report to the others.
Have you pulled copies of your credit report from all three credit bureaus? You get free copies thru AnnualCreditReport.com. Maybe there's some kind of problem at the other 2 bureaus.
If you are assigned the minimum credit limit of $250.00 your initial available credit will be $71?
i wanted to get a credit card but on the bottom it said this. does that mean they will charge me a fee if i get this card??|||It sounds like they are charging a $179 fee to get the card...
Your credit must truly stink.|||Of course. There's a fee for everything. Read the small print carefully.|||Yes, I have that card you're talking about. My fee was I think $125, but I gladly spent that $71 and I'm not paying for any of it either, since they refused to tell me about the fee in the first place. That's my M.O. though. Don't mess up your credit for that stupid card, it's a rip off.|||Those credit cards charge a lot of money since the people that are applying for those cards have a proven record of not paying their bills and are trying to rebuild their credit.|||does the offer state somewhere that there is an initial fee ?
run away.|||RUN AWAY! This is one of those cards that has a ton of fees. Even after you pay off all those initial fees, they have all sorts of regularly charged fees.
Instead look into getting a secured credit card (you pay a deposit which is held as collateral against the line of credit) thru your bank.
Your credit must truly stink.|||Of course. There's a fee for everything. Read the small print carefully.|||Yes, I have that card you're talking about. My fee was I think $125, but I gladly spent that $71 and I'm not paying for any of it either, since they refused to tell me about the fee in the first place. That's my M.O. though. Don't mess up your credit for that stupid card, it's a rip off.|||Those credit cards charge a lot of money since the people that are applying for those cards have a proven record of not paying their bills and are trying to rebuild their credit.|||does the offer state somewhere that there is an initial fee ?
run away.|||RUN AWAY! This is one of those cards that has a ton of fees. Even after you pay off all those initial fees, they have all sorts of regularly charged fees.
Instead look into getting a secured credit card (you pay a deposit which is held as collateral against the line of credit) thru your bank.
Is there fianancing available for bad credit for semi trucks?
I am trying to finance a used semi truck and my credit is way less than perfect.Is there any help out there at all or is this a lost cause?|||If it is used, they will charge 20% interest.|||Depends on how bad your credit is and how much you can put down.
I would guess you would need at least 10-15% down to stand a chance. But, again, it depends on exactly how bad your credit is.
And a 20% interest rate would be a bargain. You may pay closer to 30% IF you can find someone to lend to you.|||If you have about $5000 I no where you can get a truck. you will need about that much for down payment and closing costs. I have worse credit then you I bet! I have a semi through this program. E-mail me at: napier702@yahoo.com for details, Jay P.S. I will give you my # in e-mail reply.
I would guess you would need at least 10-15% down to stand a chance. But, again, it depends on exactly how bad your credit is.
And a 20% interest rate would be a bargain. You may pay closer to 30% IF you can find someone to lend to you.|||If you have about $5000 I no where you can get a truck. you will need about that much for down payment and closing costs. I have worse credit then you I bet! I have a semi through this program. E-mail me at: napier702@yahoo.com for details, Jay P.S. I will give you my # in e-mail reply.
Do you have any issues with your Macy's Card? They lowered my credit available without giving a reason. I will
pay over the amount due, have a low balance almost paid off, and I have no other late cards. My over all credit use is low, meaning I am not carrying high balances or using much of my credit. What gives? Has anything like this happened to you?|||Well, if you are using only a small amount of the available credit on a regular basis i.e. have a $2000 limit %26amp; don't carry more than $500 on the card, why should they let you have the larger limit. It is a waste of time in their view. A lot of credit cards (especially boutique cards) offer specials to people with higher limits on their cards to entice them to use them. If you aren't using, why should they spend their time %26amp; money on trying to get you to do so? Remember, they are a business also. Also, if you have been late on anything to do with credit %26amp; it gets reported to the credit bureau, your credit card contract states they can take action on their card even if it wasnt their card you were late or over limit on. Almost all credit cards have this in their application and/or rules of use.|||Has there been a change in your job status? Have you opened new accounts anywhere? Have you changed your overall payment style? I.e., you used to pay your cards off in full but are now running balances more often.
Creditors occasionally review your credit report looking for any changes. When you say that you are not using a lot of credit that's not too important to a credit card issuer. When looking at credit history, card issuers typically assume that you are "maxed out" in credit. They do that because they know that if you have $25,000 in credit available, then at any moment you can literally be $25,000 in debt. It doesnt matter if you have 0 balances.
So, for example, if you opened say 4 new accounts, Macys might see that you raised your potential debt load by say $10,000. They might not be comfortable with that given your income, payment history, etc., so they might decide to lower your available credit.
Lastly, if they did not give you an explanation (they typically do), then I would get a copy of your credit report quickly. You want to make sure something hasnt appeared on your history that you dont know about, like ID theft or something.|||CC reworking balances more often now, probably your credit score drop, you should run your credit report, something there, you don't know, maybe medical bills, student loan or ....???? Good Luck!|||Considering that store credit cards usually have the highest interest rates, you shouldn't be carrying any balances at all on that card. Paid it all off.
Creditors occasionally review your credit report looking for any changes. When you say that you are not using a lot of credit that's not too important to a credit card issuer. When looking at credit history, card issuers typically assume that you are "maxed out" in credit. They do that because they know that if you have $25,000 in credit available, then at any moment you can literally be $25,000 in debt. It doesnt matter if you have 0 balances.
So, for example, if you opened say 4 new accounts, Macys might see that you raised your potential debt load by say $10,000. They might not be comfortable with that given your income, payment history, etc., so they might decide to lower your available credit.
Lastly, if they did not give you an explanation (they typically do), then I would get a copy of your credit report quickly. You want to make sure something hasnt appeared on your history that you dont know about, like ID theft or something.|||CC reworking balances more often now, probably your credit score drop, you should run your credit report, something there, you don't know, maybe medical bills, student loan or ....???? Good Luck!|||Considering that store credit cards usually have the highest interest rates, you shouldn't be carrying any balances at all on that card. Paid it all off.
What's the most available credit that you have, and how much do you make a year?
$28,500.00 in credit and I make around $75,000.00 a year.|||At one time my hubby and I had $40K of unused credit through a line of credit and a couple of credit cards.
Together we were pulling in around $65K, owned our cars outright, and we had equity in our home.|||I don't work I have about 8,000 in credit LOL
My dad on the other hand has over 100,000 in just credit cards.
He make about 200,000 a year.
Together we were pulling in around $65K, owned our cars outright, and we had equity in our home.|||I don't work I have about 8,000 in credit LOL
My dad on the other hand has over 100,000 in just credit cards.
He make about 200,000 a year.
Why were funds not available at the credit union?
I deposited a check into another person's account at a credit union on a Thursday. My bank account was debited the amount ($300) on Friday. Why was there a 3-day hold on the payee's account? It caused her many fees.|||Banks and credit unions don't use the actual time it takes to clear a check. That would take too much work for them.
Generally they place hold based on regulation CC, see link below.
When you deposit a check, they should be able to tell you when the funds will be available. If you need the funds earlier, you can request it, and depending on circumstances they may put a shorter hold on it.
Generally they place hold based on regulation CC, see link below.
When you deposit a check, they should be able to tell you when the funds will be available. If you need the funds earlier, you can request it, and depending on circumstances they may put a shorter hold on it.
How much should I have available on my credit card when checking into a hotel in Vegas?
I'm going on Saturday to Vegas so i'm renting a car and checking into the hotel, and I know that both would ask for a credit card and hold a certain amount, does any body know how much the car rental, and teh hotel would hold on my credit card?|||Usually hotels just take an imprint of a credit card without charging anything until check-out. Car rentals sometimes do the same, or they charge the base amount and charge more if needed after the car is returned.
Debit Cards, however, are different:
Hotels often hold 20-25% over the base payment. Rental car places often hold a flat amount, usually $500.|||They will hold enough to pay for the three days and open charge for phone use, room service, etc. Rental place will immediate take entire amount|||Typically, most Vegas hotels on the strip will authorize your credit card for $200 x the number of nights you are staying.|||anytime I've stayed at a hotel they take my credit card info at check in but they don't charge anything to it until i check out. they won't charge you for anything you didn't already buy or break. just be aware that the majority of hotels have a $10-$15 per day usage charge that is not included in the price of the hotel. so if you're expecting to pay $300 total, it'll probably be $345 total for 3 nights so have at least that on your card.|||Obviously some people need to learn the difference between a hold and a post.
First, I only rent with Alamo since they only do a hold for the amount with nothing additional.
Hotels in Vegas generally hold $100 per night in addition to the cost. If you don't plan charging anything to the room, paying in cash up front is sometimes better.
And $200 per night can't be Harrah's standard procedure, since I'm staying at Harrah's Atlantic City right now and they only held $25 more than the total for 2 nights.
Debit Cards, however, are different:
Hotels often hold 20-25% over the base payment. Rental car places often hold a flat amount, usually $500.|||They will hold enough to pay for the three days and open charge for phone use, room service, etc. Rental place will immediate take entire amount|||Typically, most Vegas hotels on the strip will authorize your credit card for $200 x the number of nights you are staying.|||anytime I've stayed at a hotel they take my credit card info at check in but they don't charge anything to it until i check out. they won't charge you for anything you didn't already buy or break. just be aware that the majority of hotels have a $10-$15 per day usage charge that is not included in the price of the hotel. so if you're expecting to pay $300 total, it'll probably be $345 total for 3 nights so have at least that on your card.|||Obviously some people need to learn the difference between a hold and a post.
First, I only rent with Alamo since they only do a hold for the amount with nothing additional.
Hotels in Vegas generally hold $100 per night in addition to the cost. If you don't plan charging anything to the room, paying in cash up front is sometimes better.
And $200 per night can't be Harrah's standard procedure, since I'm staying at Harrah's Atlantic City right now and they only held $25 more than the total for 2 nights.
On my credit report the statement says You have 拢__ of available credit (excluding mortgages) ?
Does this mean i have this much money to apply for as credit?|||is it the total of your available balances on credit cards/lines of credit you have open?|||The available credit is sum of the limits that each lender has set you. On your credit cards and store cards, it means you can spend that much.
On loans, it is the amount of the loan that you took out. You would need to apply for a new loan to get that money.
Any settled accounts will be excluded from that total, so loans you've repaid or credit cards you've cancelled.
The total often bears no relation to what you could afford to repay, especially if you have lots of cards. On my report it says I have available credit of 1陆x my annual salary. I'd be bankrupt if I tried to use it. That's also why I don't include my wife on my credit cards!
On loans, it is the amount of the loan that you took out. You would need to apply for a new loan to get that money.
Any settled accounts will be excluded from that total, so loans you've repaid or credit cards you've cancelled.
The total often bears no relation to what you could afford to repay, especially if you have lots of cards. On my report it says I have available credit of 1陆x my annual salary. I'd be bankrupt if I tried to use it. That's also why I don't include my wife on my credit cards!
Is the $8000 first time homebuyer credit still available?
The sellers and we have signed the contract yesterday. I heard that the credit may have been extended to September 30, but I couldn't find any informaiton on the web. Is that truth?|||If you were on active duty with the military AND stationed overseas the extension applies to you. For the rest of us, it expired 4/30|||Not true - what is being proposed is that the closing date limitation (currently you must close by June 30) may be extended for those people who had a signed contract on a house on or before April 30 and who will not close by the June 30 deadline. Thus, if you signed the contract yesterday, you did not meet the April 30 deadline.|||No.
There is talk of extending it but only for people who were under contract by 4/30.|||The tax credit for you is not applicable. The extension (if passed) will extend ONLY to those who were under binding contract on or before April 30. The reason for the extension consideration is that there are a few hundred thousand people who were under contract by the deadline, and lenders are bogged down with these applications, preventing those people from closing by the June 30 deadline. Since it's not those buyers' fault that they can't close by June 30, consideration is being given to extending the deadline so they can close later and still qualify for the tax credit.|||No. Your contract had to be signed by both you and the seller by April 30 and the transaction closed by June 30.
The possible extension you speak of is an extension of the closing date. If this provision passes, the contract still had to have been signed by April 30 but the transaction would have to be closed by September 30. You do not qualify for the credit.
There is talk of extending it but only for people who were under contract by 4/30.|||The tax credit for you is not applicable. The extension (if passed) will extend ONLY to those who were under binding contract on or before April 30. The reason for the extension consideration is that there are a few hundred thousand people who were under contract by the deadline, and lenders are bogged down with these applications, preventing those people from closing by the June 30 deadline. Since it's not those buyers' fault that they can't close by June 30, consideration is being given to extending the deadline so they can close later and still qualify for the tax credit.|||No. Your contract had to be signed by both you and the seller by April 30 and the transaction closed by June 30.
The possible extension you speak of is an extension of the closing date. If this provision passes, the contract still had to have been signed by April 30 but the transaction would have to be closed by September 30. You do not qualify for the credit.
Is there still a tax credit available for the purchase of a new Toyota prius?
Yes, but only partially. The credit is available until 12/31/10, but there is a 60,000 vehicle restriction. I believe it's 25% currently.|||Just a small one, $650 through September 2007.|||yeah..i think till Sep 2007..after that i heard they are going to phase it out....|||Yes there is a tax credit for up to $3,000.00 depending on where you live. At www.toyota.com you can download the credit certificate. But by next year the tax credit is expected to go as low as $700.00 because of the amount of pruis owners growth. Check with a local accountant for information on how much the credit is in your area.
Are Unsecured Business Lines Of Credit Available To Start Up Businesses?
If So, Which Bank Or Financial Institution Would Be The Best To Use.|||No way. You need a history of paying your company bills.|||There are, but you will most likely need a full blown business plan plus some of your own equity (say 20% of projected funding). Call around to banks in your area and ask for the business loan officer.
Is there any free legal assistance for credit counselling available overseas?
I want to find out information what kind of legal assistance available for me while I am overseas as I need to handle my time barred debt (of more than 6 years old ).|||unfortunatly overseas their is none of that. get that done before you go
Monday, December 12, 2011
How much credit needs to be available on credit card?
when i show it to car hire company abroad, is it as much as the vehicle costs?|||Probably not, because they usually require insurance to cover in case of some loss due to accident or theft.|||It depends on the company. Frequently they will put a hold on an extra week's hire in case you return it late.
Is there any free credit card available in India these days?
Basically I am looking for a credit card with zero joining and zero renewal fees. A life time free credit card from some good bank.|||Yes
Union Bank Of India offers the same.
Please see the link
http://unionbankofindia.co.in/cards.aspx
Hope useful.
Union Bank Of India offers the same.
Please see the link
http://unionbankofindia.co.in/cards.aspx
Hope useful.
Is the tax credit still available for first time home buyers?
I would like to purchase the house I am currently living in before I do my taxes next year. Since I will be a first time home buyer, will I still be eligible to get the tax credit or was that a one-time thing couple yrs ago? Sorry, don't know much about these things....|||That $8000 credit is ancient history now. It expired in 2009. At this time, you end up purchasing conventionally with no special credits, first time home buyer or not. Your state or locality MIGHT have some credit it is offering, and you will need to check any such availability.|||No. That costly boondoggle is long gone. Actually, a lot of people who got it are now being charged with fraud and have to pay it back - with interest and penalties. You need to have a proper down payment, etc, saved up. Dipping into taxpayers' wallets always costs you in the end - higher taxes, if nothing else.|||No.
It expired over a year ago.
It expired over a year ago.
Would you say Discover card is one of the best credit cards available?
If not, which credit card would you suggest and why?|||I agree with you but there are a few more out ther that have great offers such as Citibank, check out www.fastcreditcardapprovals.com here you will be able to compare them side by side on rates fees and rewards.|||It is actually one of the worst as they have VERY loose acceptance standards and their APR is among the highest. Personally I am an AMEX or a Chase guy. MUCH better rates and conditions.|||No. None of them are any good any more. Banks have declared war on the consumer and their objective now is to rip off cardholders as much as possible by burying them in high interest charges and fees. Banks are determined to gouge as much money from customers as possible.
Bank business plan: Screw the goddammed customer at every opportunity.|||I would say no, not every place takes Discover. More places take Visa and/or Mastercard than any other. Choose a bank that gives you money back as the reward. I like Citi's dividend card. Good customer service also.|||no there are better
Bank business plan: Screw the goddammed customer at every opportunity.|||I would say no, not every place takes Discover. More places take Visa and/or Mastercard than any other. Choose a bank that gives you money back as the reward. I like Citi's dividend card. Good customer service also.|||no there are better
Spent all available credit on card?
my available credit on my card is $300 today I spent literally exactly $300. do you think i will get charged overcharges now? do you think it'll lower my credit score dramatically? i have the money it pay it off in full np, but yeahh.|||You need to make a payment BEFORE the statement prints, either by mail, phone or internet, also paying more than the interest charges will be, otherwise your finance charges when the statement cuts will put you over the limit. You will then get an over limit fee and start a very big poop ball.|||As long as you paid the card in full last month so there are no interest charges posted, you should not have an over limit fee. Pay it in full within the grace period so you'll have no interest next month.
From now, why cut it so close?|||Just pay the balance in full by the statement due date and you'll have no problems. Maxing out your card is only a problem if you carry balances. Paying it off right away won't hurt your score at all.|||Pay it in full and youll have no problem, Ask for a credit line increase
From now, why cut it so close?|||Just pay the balance in full by the statement due date and you'll have no problems. Maxing out your card is only a problem if you carry balances. Paying it off right away won't hurt your score at all.|||Pay it in full and youll have no problem, Ask for a credit line increase
Are there any online credit report free sites available to Canadians?
I know about annualcreditreport.com but it is only available to people in the USA.
Is there anything similar where I can get our credit report online for free ( Without having to join or sign up for anything) in Canada?|||No there is not, but you can ask for a free copy of your credit report by mail once a year in Canada by law.
There are three main credit bureaus in Canada: Northern Credit Bureaus, Equifax Canada and Trans Union of Canada.|||Yes and I've done it myself. Its reasonably priced and quick and easy. You can even print a copy of your credit history off at home for a small fee. Now you can even monitor your credit for a fee and see any changes that may occurr.
Is there anything similar where I can get our credit report online for free ( Without having to join or sign up for anything) in Canada?|||No there is not, but you can ask for a free copy of your credit report by mail once a year in Canada by law.
There are three main credit bureaus in Canada: Northern Credit Bureaus, Equifax Canada and Trans Union of Canada.|||Yes and I've done it myself. Its reasonably priced and quick and easy. You can even print a copy of your credit history off at home for a small fee. Now you can even monitor your credit for a fee and see any changes that may occurr.
That the quantity of credit available to american consumers should be sigificantly reduced?
My name is Melanie. I'm 16 and need help answering this question for my debate class. If anyone has any information on this topic I'd greatly appreciate it.
Thank You,
Melanie and Trudy|||Oooooh, debate. You're bringing me back a few years.
Affirmative arguments should focus upon the rising bankruptcies, predatory lending (both institutions and methods even among mainstream institutions), and potential for unsustainable cycles of growth, as well as distortion caused by an excessive money supply (one out of equilibrium; a Hicksian interpretation of the Keynesian IS-LM model is your best target here, but too much to explain in 8 minutes; best to focus on Federal Reserve white papers). There are two books that come to mind: "The Fringe Economy" and "Nickled and Dimed"
The negative should focus on adaptability of consumers and borrowers, so that they become more responsible with time; a strong case can also be made for equality of access, that it is the right of consumers to be able to borrow as they determine, not as some formula, company or government agency determines.|||which side are you representing do you agree or disagree from an individual stand point it would prevent you from over spending and living beyond your means . in the big picture its a win win situation even if there are delinquent accounts the intrest that credit card companies earn off every dollar you charge is so great that it would be diffcult for them to lose in fact they even get great tax shelters because of delinquent accounts thats why they go to the extent of hiring debt collectors tax break.
Thank You,
Melanie and Trudy|||Oooooh, debate. You're bringing me back a few years.
Affirmative arguments should focus upon the rising bankruptcies, predatory lending (both institutions and methods even among mainstream institutions), and potential for unsustainable cycles of growth, as well as distortion caused by an excessive money supply (one out of equilibrium; a Hicksian interpretation of the Keynesian IS-LM model is your best target here, but too much to explain in 8 minutes; best to focus on Federal Reserve white papers). There are two books that come to mind: "The Fringe Economy" and "Nickled and Dimed"
The negative should focus on adaptability of consumers and borrowers, so that they become more responsible with time; a strong case can also be made for equality of access, that it is the right of consumers to be able to borrow as they determine, not as some formula, company or government agency determines.|||which side are you representing do you agree or disagree from an individual stand point it would prevent you from over spending and living beyond your means . in the big picture its a win win situation even if there are delinquent accounts the intrest that credit card companies earn off every dollar you charge is so great that it would be diffcult for them to lose in fact they even get great tax shelters because of delinquent accounts thats why they go to the extent of hiring debt collectors tax break.
My credit median credit score is 760. Shouldnt I be able to get the best rates available for a mortgage loan?
When I tell a mortgage company about my credit score, it doesn't seem to help any in getting the best rates available. How much does your credit score "HELP" you? I know that it can hurt your chances of getting a good rate on a home loan.|||It's really more than just the score they look at, but hey don't fret having a nice score is good -- it means you're not a risk... still you need to establish yourself as financial responsible and as someone said the score alone isnt all that matters..
====
Your Credit Score is calculated with the following breakdown:
35% - Payment History
30% - Credit to Debt Ratio
15% - Credit History
10% - New Credit
10% - Credit Types in Use
If you excel in one area and lack in another, only fixing the areas which you lack are going to improve your score.
I've got a lot of information on my blog about credit scores, and I get a lot of questions so feel free to check out any of my posts on millionster.com; I believe my articles here address many of your concerns but if they don't and you still have any specific questions feel free to leave a comment and I'll reply.
How Can I Increase My Credit Score
http://millionster.com/articles/debt/ask鈥?/a>
and
10-Ways to Boost Your MyFico Score
http://millionster.com/articles/debt/inc鈥?/a>
Also be sure to check out the promotional links I've listed here to help you get a better picture of your creditworthiness:
MyFico's Full Credit Report
http://millionster.com/go/myfico...
Suze Orman's Credit Report Repair Kit
http://millionster.com/go/suzekit...
30-day Trial of Credit Score Tracker with Free MyFico Score
http://millionster.com/go/fico30...|||What other variables are involved with your loan? credit score is one of several major...
Yes, 760 is a great score and will help you get the best rate for the program you are applying for. no money down, stated income, no ratio, investment property, high rise condo, non warrantable, etc....??|||I know people are tired of hearing this but "SCORE IS NOT EVERYTHING".
It depends on what makes up your score. Credit scores are made up of the following;
1. Payment history 35%
2. Time in bureau 15%
3. Types of credit 10%
4. New credit 10%
5. Debt to credit ratio 30%
As you can see 1,2%26amp;5 are the most important as far as score goes, but you must have the right mix of credit to get a great score and a great profile.
You need 3 credit card accounts (revolving) and 2 cars, boats, furniture or personal accounts (installment) all with good long pay history's and CC balances below 30% of your limit to get this.
I look at credit all day and I see people with 700 scores that can not buy a car because their score is made up of 1-credit card with a $500.00 limit paid 15-times and a couple of student loans. Sure it produces a great score, but it doe's not show the ability or the willingness to really pay anybody.|||The par rate is about 6.65%. They may be quoting you the best rate.
Free online quote: http://1stmdloans.com|||The rate has only partial to do with the credit score. Many lenders out there post rates that exist only in a perfect scenario. Meaning, most people would not qualify for those rates. So what rate you think you should get may or may not be possible without buying down the rate with points to get a lower rate or going with a 15 year mortgage. Unfortunately, the rates are not what they were several years ago. And when people tell you they just got 5 1/2 % interest rate, they may not be telling you that their loan is adjustable and will increase in 2 years and there after, every six months.
The banks are looking at the entire picture. They are looking at the purchase price in comparison to the down payment. They are also looking to see how much debt to have compaired to the income you have. The term of the mortgage can make your rate lower if you do a shorter loan.Do you have 2 years of employment history verified by W-2s or if you are stating your income because of self employment or another reason? After your down payment, will you have 2-3 months of a monthly mortgage payment left in the bank? The state you live in also makes a slight difference in your rate. These are all factors in the financing you are getting.|||This credit score puts you in a great position to get a good interest rate but there are also other factors that the lender wants to take into account. For ex. stated income loans will have a greater rate than a full doc loan. 100% financing rate is higher than a loan with a good downpayment (5%, 10%, 20%, etc). So there are different variables that will determine your final interest rate. Also, interest rates are on the rise|||The interest rate being offered is a function of not only the credit score, but also of your debt-to-income ratio (total monthly debt payments divided by monthly gross income) and the loan-to-value (ltv) ratio of the transaction (proposed mortgage amount divided by value of the house).
If minimizing your monthly payment is your objective, there are many options still available to you, such as putting down a larger downpayment, buying down the interest rate, or asking the seller or developer to provide a credit of equity to finance a "temporary buydown".
Other options include extending the loan term, or taking out a loan that is interest only for part of its term, if you anticipate an increase of income in the future. If you know how long you plan to hold the property, you may also want to consider an adjustable rate mortgage that is fixed in the early years (for example, if your goal is to sell the property in 5 years, you may be able to obtain a lower rate by getting a mortgage that is fixed for 5 or 7 years and adjusts thereafter, since you would be planning to sell before the adjustment period anyway).
Be careful -- there are literally hundreds of products and programs out there, so make sure you ask and understand what annual and lifetime interest rate caps (maximums) exist for the loan program you choose, and what your actual payments would (or could) be throughout the life of the loan.
These mortgage products are great when customized for an individual's specific situation. So, while you shouldn't be seduced by the refrain that a 30-year fixed is "the only way to go", in this competitive mortgage environment, you must also be sure to read your paperwork and question your mortgage lender to get more than a cursory understanding of how a product you are less familiar with works.
km_resource1@yahoo.com|||The credit score is just one factor that mortgage companies look at in determining whether to loan you the money and on what terms. They will also take into consideration your employment and salary, your savings, your debt-to-income ratio, and how much you are planning on putting down on the house.|||As far as rates go, yes.
====
Your Credit Score is calculated with the following breakdown:
35% - Payment History
30% - Credit to Debt Ratio
15% - Credit History
10% - New Credit
10% - Credit Types in Use
If you excel in one area and lack in another, only fixing the areas which you lack are going to improve your score.
I've got a lot of information on my blog about credit scores, and I get a lot of questions so feel free to check out any of my posts on millionster.com; I believe my articles here address many of your concerns but if they don't and you still have any specific questions feel free to leave a comment and I'll reply.
How Can I Increase My Credit Score
http://millionster.com/articles/debt/ask鈥?/a>
and
10-Ways to Boost Your MyFico Score
http://millionster.com/articles/debt/inc鈥?/a>
Also be sure to check out the promotional links I've listed here to help you get a better picture of your creditworthiness:
MyFico's Full Credit Report
http://millionster.com/go/myfico...
Suze Orman's Credit Report Repair Kit
http://millionster.com/go/suzekit...
30-day Trial of Credit Score Tracker with Free MyFico Score
http://millionster.com/go/fico30...|||What other variables are involved with your loan? credit score is one of several major...
Yes, 760 is a great score and will help you get the best rate for the program you are applying for. no money down, stated income, no ratio, investment property, high rise condo, non warrantable, etc....??|||I know people are tired of hearing this but "SCORE IS NOT EVERYTHING".
It depends on what makes up your score. Credit scores are made up of the following;
1. Payment history 35%
2. Time in bureau 15%
3. Types of credit 10%
4. New credit 10%
5. Debt to credit ratio 30%
As you can see 1,2%26amp;5 are the most important as far as score goes, but you must have the right mix of credit to get a great score and a great profile.
You need 3 credit card accounts (revolving) and 2 cars, boats, furniture or personal accounts (installment) all with good long pay history's and CC balances below 30% of your limit to get this.
I look at credit all day and I see people with 700 scores that can not buy a car because their score is made up of 1-credit card with a $500.00 limit paid 15-times and a couple of student loans. Sure it produces a great score, but it doe's not show the ability or the willingness to really pay anybody.|||The par rate is about 6.65%. They may be quoting you the best rate.
Free online quote: http://1stmdloans.com|||The rate has only partial to do with the credit score. Many lenders out there post rates that exist only in a perfect scenario. Meaning, most people would not qualify for those rates. So what rate you think you should get may or may not be possible without buying down the rate with points to get a lower rate or going with a 15 year mortgage. Unfortunately, the rates are not what they were several years ago. And when people tell you they just got 5 1/2 % interest rate, they may not be telling you that their loan is adjustable and will increase in 2 years and there after, every six months.
The banks are looking at the entire picture. They are looking at the purchase price in comparison to the down payment. They are also looking to see how much debt to have compaired to the income you have. The term of the mortgage can make your rate lower if you do a shorter loan.Do you have 2 years of employment history verified by W-2s or if you are stating your income because of self employment or another reason? After your down payment, will you have 2-3 months of a monthly mortgage payment left in the bank? The state you live in also makes a slight difference in your rate. These are all factors in the financing you are getting.|||This credit score puts you in a great position to get a good interest rate but there are also other factors that the lender wants to take into account. For ex. stated income loans will have a greater rate than a full doc loan. 100% financing rate is higher than a loan with a good downpayment (5%, 10%, 20%, etc). So there are different variables that will determine your final interest rate. Also, interest rates are on the rise|||The interest rate being offered is a function of not only the credit score, but also of your debt-to-income ratio (total monthly debt payments divided by monthly gross income) and the loan-to-value (ltv) ratio of the transaction (proposed mortgage amount divided by value of the house).
If minimizing your monthly payment is your objective, there are many options still available to you, such as putting down a larger downpayment, buying down the interest rate, or asking the seller or developer to provide a credit of equity to finance a "temporary buydown".
Other options include extending the loan term, or taking out a loan that is interest only for part of its term, if you anticipate an increase of income in the future. If you know how long you plan to hold the property, you may also want to consider an adjustable rate mortgage that is fixed in the early years (for example, if your goal is to sell the property in 5 years, you may be able to obtain a lower rate by getting a mortgage that is fixed for 5 or 7 years and adjusts thereafter, since you would be planning to sell before the adjustment period anyway).
Be careful -- there are literally hundreds of products and programs out there, so make sure you ask and understand what annual and lifetime interest rate caps (maximums) exist for the loan program you choose, and what your actual payments would (or could) be throughout the life of the loan.
These mortgage products are great when customized for an individual's specific situation. So, while you shouldn't be seduced by the refrain that a 30-year fixed is "the only way to go", in this competitive mortgage environment, you must also be sure to read your paperwork and question your mortgage lender to get more than a cursory understanding of how a product you are less familiar with works.
km_resource1@yahoo.com|||The credit score is just one factor that mortgage companies look at in determining whether to loan you the money and on what terms. They will also take into consideration your employment and salary, your savings, your debt-to-income ratio, and how much you are planning on putting down on the house.|||As far as rates go, yes.
How much carbon credit is available on hydro power projects,wind energy,plantation plants?
any other benefits available for these projects|||There is no carbon credit in the US. It's been talked about, but that's all.
.|||Zero, nil, unborn tree
.|||Zero, nil, unborn tree
Credit card statement says i have cash line available?
I have a credit card statement from bank of america. The statement says the i have $5000.00 credit line available and $3000.00 cash available. Can i go to the bof and get monet out of the cash available?? how would that work??? Do i use it as it atm?? I dont have no money in my checking account and i need to take money out? i need help on what does that mean about my credit and cash available. thanks.|||I would only do it if I was in a real emergency. You could do it at an ATM. You put in your pin number for your card and you get cash out of the ATM.|||Your $5000 credit limit is the total amount you can borrow. The $3000 cash limit is the maximum they will let you borrow as cash, and is included in the credit limit.
Using a credit card when you're broke or unemployed is a recipe for disaster. If you are short on money now, you will be even shorter next month because your payment will go up. Buy food or gas if you absolutely need it right now (and be prepared to pay that back with the next bill), but don't take out cash. A cash advance is very expensive money thanks to the fees, interest, and evil rules about how your payments are applied.|||You normally have to go to an ATM, but make sure your pin number is set up first with the credit card before you do that by calling the 1-800 number on the back of the card or by going to a bank of america itself. Also, be careful because normally when you take cash out from the credit card there is always a fee or two.|||It means they'll let you borrow $5,000 to buy stuff, and out of that $5,000, they'll also let you take $3,000 out of an ATM machine.
But, you'll have to pay a fee, usually 3%, off the top, and then pay outrageous interest, as much as 30% APR, on the money you borrowed, and interest on the fee as well.|||You would be mad to do so. If you read the fine print it probably says the APR on that cash is about 29.99% interest. It is a trap.
Using a credit card when you're broke or unemployed is a recipe for disaster. If you are short on money now, you will be even shorter next month because your payment will go up. Buy food or gas if you absolutely need it right now (and be prepared to pay that back with the next bill), but don't take out cash. A cash advance is very expensive money thanks to the fees, interest, and evil rules about how your payments are applied.|||You normally have to go to an ATM, but make sure your pin number is set up first with the credit card before you do that by calling the 1-800 number on the back of the card or by going to a bank of america itself. Also, be careful because normally when you take cash out from the credit card there is always a fee or two.|||It means they'll let you borrow $5,000 to buy stuff, and out of that $5,000, they'll also let you take $3,000 out of an ATM machine.
But, you'll have to pay a fee, usually 3%, off the top, and then pay outrageous interest, as much as 30% APR, on the money you borrowed, and interest on the fee as well.|||You would be mad to do so. If you read the fine print it probably says the APR on that cash is about 29.99% interest. It is a trap.
What is the highest credit score available?
If I had a negative item like an financed car that had an unpaid balance of 4500 how far down with that bring my credit score. And if i paid it off will it bring it back up to the highest score possible??|||The highest credit score one can achieve is the magical FICO number of 850, which is a perfect score and the person that achieves this will find themselves being offered every form of financing and loan product imaginable. The highest scores usually range in the area of 720-850. This range is considered to be excellent credit. Anything above a 700 score is considered good. The goal of 700 or higher is key when looking for the best benefits of having an exceptional record. It is important to understand what these numbers are, how they are determined, and of course, how to improve them.
FICO stands for Fair Issac Corporation, the firm that created the formula for achieving the optimum score. The FICO score is based on the spending and bill paying habits of an individual and their overall debt loads. Nearly every financial decision and transaction is recorded and used to make up the highest credit scores one could hope for. All financial transactions are reported to one or all three nationally recognized reporting agency bureaus. Having the highest score from one agency doesn't necessarily mean that a person will have the same score from another agency. Most lenders and creditors average out the highest numbers from each agency.
The reporting bureaus make money from sharing these numbers with lenders, banks, creditors, etc. The way a FICO highest credit score is broken down is simple. Thirty five percent is attributed to having a record of paying bills on time, thirty percent for total balance on credit cards and other loans compared to total credit limit, 15% for length of history, 10% for new accounts or recent applications for financing, and 10% mix of credit cards and loans. The highest credit scores will result in an individual having a lower balance to limit ratio and a balance of revolving accounts with installment loan accounts.
Improving ones record is a matter of lowering balances on debts, stopping frequent history inquiries, paying all bills on time, and having a longer history (not closing accounts, even when they are no longer needed).|||Actually, these three agenices have recently developed a new scoring system called Vantage Score. I just logged in to check my score and was shocked to see it above 900. Apparently, their new scale goes up to 990. Read more here:
http://www.vantagescore.experian.com/
|||Once you leave the top you NEVER return. You can get back to about 830 though.|||Highest FICO score is 850 - hardly anybody has that. If you're current on payments on the car, wouldn't affect your score much.|||its hard to say, but u know it will go down a lot and it will take longer to go up|||Not much can be added to cupcake's answer. 850 is the top number.
FICO stands for Fair Issac Corporation, the firm that created the formula for achieving the optimum score. The FICO score is based on the spending and bill paying habits of an individual and their overall debt loads. Nearly every financial decision and transaction is recorded and used to make up the highest credit scores one could hope for. All financial transactions are reported to one or all three nationally recognized reporting agency bureaus. Having the highest score from one agency doesn't necessarily mean that a person will have the same score from another agency. Most lenders and creditors average out the highest numbers from each agency.
The reporting bureaus make money from sharing these numbers with lenders, banks, creditors, etc. The way a FICO highest credit score is broken down is simple. Thirty five percent is attributed to having a record of paying bills on time, thirty percent for total balance on credit cards and other loans compared to total credit limit, 15% for length of history, 10% for new accounts or recent applications for financing, and 10% mix of credit cards and loans. The highest credit scores will result in an individual having a lower balance to limit ratio and a balance of revolving accounts with installment loan accounts.
Improving ones record is a matter of lowering balances on debts, stopping frequent history inquiries, paying all bills on time, and having a longer history (not closing accounts, even when they are no longer needed).|||Actually, these three agenices have recently developed a new scoring system called Vantage Score. I just logged in to check my score and was shocked to see it above 900. Apparently, their new scale goes up to 990. Read more here:
http://www.vantagescore.experian.com/
Report Abuse
|||Once you leave the top you NEVER return. You can get back to about 830 though.|||Highest FICO score is 850 - hardly anybody has that. If you're current on payments on the car, wouldn't affect your score much.|||its hard to say, but u know it will go down a lot and it will take longer to go up|||Not much can be added to cupcake's answer. 850 is the top number.
That the quantity of credit available to American consumers should be significantly reduced?
I am in a Debate class and having trouble finding research..I would just like a cite that I may be able to refer to or some helpful information or hints on something that would truly help me out..my partner does not attend class often and I am just looking for a little bit of help.|||I am thinking that maybe someplace that shows you information on Foreclosure Rates might be very helpful for your side of the argument. Maybe foreclosure.com for example. One of the biggest impacts of overspending on credit is that people end up losing their homes. You could show how foreclosures have trended upward, how people with higher levels of consumer debt tend to be foreclosed on more often, etc.|||Try going to msn.com or yahoo.com and going into the financial section. There are a lot of articles about credit. I've read some myself. Good times!|||So, you are a public forum debator? Haha, so am I. I am a three year state qualifier, nats all that jazz. A good site would be the Federal Trade Commission, Chicago Tribune and you could sign up with PFDebate.com and Patrick could set you up with teh Carver files if you are willing to pay a bit.
What is the difference between available credit and remaining balance?
Available credit would be the difference between the balance and your limit -- how much more you can charge. Remaining balance is probably the amount charged -- I've never seen it referred to as "remaining".|||You might not get any answers.
Next time you ask mention if its a debit card, a savings account, a credit card, a checking account, and investment account.
/
Next time you ask mention if its a debit card, a savings account, a credit card, a checking account, and investment account.
/
Are their credit cards available to help increase low credit score?
Many people need a credit card with a small limits of 1,000 or less who have credit scores around 500 or less. This will help weak credit individuals to make payments on time so that their credit score could increase.|||If you want my opinion and im sure you do. I wouldnt obsess with the I love debt score. The only thing its good for is getting into debt.
Don't play the credit card game. They make all the rules and can change the rules in the middle of the game. Sooner or later you will start losing at the credit card game. Once you start losing its hard to get out of the game. High interest rates that can raise for any reason. Just read the fine print. Outrageous late fees and over the limit fees.
Not to mention Identity theft.
Of course the bankers and their loyal followers on here are gonna tell you different but,
Debt free is the way to be!|||yes but it is a prepaid credit card for a while|||Yes. Capitol one will give pretty much anybody a credit card. There are also special credit cards, they are "secure cards." Basically you put down a deposit, and thats your credit limit.
BTW you will not start off with a limit of $1000. Generally you get about $200-500 (if you are lucky) to start with. Then your limit will gradually be increased as you make your payments on time.|||Orchard bank offers a card for people with low/bad credit.
I think you should be aware that the interest rates are always high on these cards after the initial introductory rate though. If you do this, the best thing is to never max the card out. Run it around 50% and always make your minimum payment on time. If you want to pay a little extra, that is also a good idea as well. Run the card for a year with it around 50% and then start to pay it off. When you get it to about 15-25 % of being payed off, make another purchase keeping it around 50 %.
You can also do this during the 1st year.
The bank's tend to give you a higher credit score if you keep a rolling balance and don't pay the cards off in full every time you use them.
The most important thing for you to remember is to never be late with your payment.|||I'd go with the Capital One card, myself.|||Orchard Bank or Crapital One will give you a card...they will charge an annual fee. Be aware of other cards that start with a $300 limit and come maxed out because they charge you an annual fee, a card set up fee, a monthly maintnance fee, and a fee for each breath you take durning the month of December. When I get these offers I stuff the prepaid return envelope with the offer torn up(removing my info ofcourse!) and all the junk mail I have lying around. Then I send it to the company free of charge. Thats what they get for trying to play me like a fool. As for the Orchard and Crapital One cards, they are great until you decide your credit is good and you do not need the card anymore. They will do anything keep the account open. You will spend an hour going back and forth with a rep wanting to cancel. They will wave the next year fee but will not offer to move it to "no annual fee" statis. So you will have to do that every year till you win the battle on the phone. They are also stingy on raising your limit. However it is worth it to get one because when you establish about a year of good credit with them, you will be recieving offers for no annual fee cards. Sometimes from the same company you are paying a fee to. And once you aquire one no annual fee card, make sure you never pay another annual fee to any one! Just be careful, it is all a game and if you slip once you could make your situation worse. Try for a Chase Freedom card. They seem to have approved me and all my friends with all different credit backrounds. No annual fee! Good Luck!|||Try this site, it's a great resource. You can sort offers by credit type. Check out both the "bad" credit section and the "fair" credit section. The "fair" section includes cards made for people who have credit that "needs improvement"
http://www.e-wisdom.com/credit_cards/cre鈥?/a>
Don't play the credit card game. They make all the rules and can change the rules in the middle of the game. Sooner or later you will start losing at the credit card game. Once you start losing its hard to get out of the game. High interest rates that can raise for any reason. Just read the fine print. Outrageous late fees and over the limit fees.
Not to mention Identity theft.
Of course the bankers and their loyal followers on here are gonna tell you different but,
Debt free is the way to be!|||yes but it is a prepaid credit card for a while|||Yes. Capitol one will give pretty much anybody a credit card. There are also special credit cards, they are "secure cards." Basically you put down a deposit, and thats your credit limit.
BTW you will not start off with a limit of $1000. Generally you get about $200-500 (if you are lucky) to start with. Then your limit will gradually be increased as you make your payments on time.|||Orchard bank offers a card for people with low/bad credit.
I think you should be aware that the interest rates are always high on these cards after the initial introductory rate though. If you do this, the best thing is to never max the card out. Run it around 50% and always make your minimum payment on time. If you want to pay a little extra, that is also a good idea as well. Run the card for a year with it around 50% and then start to pay it off. When you get it to about 15-25 % of being payed off, make another purchase keeping it around 50 %.
You can also do this during the 1st year.
The bank's tend to give you a higher credit score if you keep a rolling balance and don't pay the cards off in full every time you use them.
The most important thing for you to remember is to never be late with your payment.|||I'd go with the Capital One card, myself.|||Orchard Bank or Crapital One will give you a card...they will charge an annual fee. Be aware of other cards that start with a $300 limit and come maxed out because they charge you an annual fee, a card set up fee, a monthly maintnance fee, and a fee for each breath you take durning the month of December. When I get these offers I stuff the prepaid return envelope with the offer torn up(removing my info ofcourse!) and all the junk mail I have lying around. Then I send it to the company free of charge. Thats what they get for trying to play me like a fool. As for the Orchard and Crapital One cards, they are great until you decide your credit is good and you do not need the card anymore. They will do anything keep the account open. You will spend an hour going back and forth with a rep wanting to cancel. They will wave the next year fee but will not offer to move it to "no annual fee" statis. So you will have to do that every year till you win the battle on the phone. They are also stingy on raising your limit. However it is worth it to get one because when you establish about a year of good credit with them, you will be recieving offers for no annual fee cards. Sometimes from the same company you are paying a fee to. And once you aquire one no annual fee card, make sure you never pay another annual fee to any one! Just be careful, it is all a game and if you slip once you could make your situation worse. Try for a Chase Freedom card. They seem to have approved me and all my friends with all different credit backrounds. No annual fee! Good Luck!|||Try this site, it's a great resource. You can sort offers by credit type. Check out both the "bad" credit section and the "fair" credit section. The "fair" section includes cards made for people who have credit that "needs improvement"
http://www.e-wisdom.com/credit_cards/cre鈥?/a>
At what percentage of use of available credit card credit is there an effect on credit scores?
You can use this credit monitoring service to pre-estimate future scores for different scenarios of such payments - credit-report-score.10001mb.com
What is percentage of credit available?
How do i raise it and what things would eat that up? Is it revolving Accounts eat it away as i have heard or do other things as well?|||Hi,
It's the unused amount of your c/card available credit. As for raising it? The c/card companies are looking to lower the available credit, even to long standing %26amp; excellent paying people. They can amend the agreement at any given time.|||Carrying balances on your account eats up your available limit. Pay off the balance and your percentage of credit available goes up.
It's the unused amount of your c/card available credit. As for raising it? The c/card companies are looking to lower the available credit, even to long standing %26amp; excellent paying people. They can amend the agreement at any given time.|||Carrying balances on your account eats up your available limit. Pay off the balance and your percentage of credit available goes up.
Is credit still available from banks?
I'm planning to pay off my final credit card bill and be debt free and afterwords apply for more credit. I only have one credit card with a $1,000 limit.
I want to raise my credit limit to at least $15,000. Are banks still giving out credit?|||Why would you want a $15,000. credit card limit at the astronomical interest rates they charge? Why not just get a line of credit from your bank. The interest rates on lines of credit are running about 4% right now. If you have good credit, you should have no problem getting one. They work just like a credit card...........
While I do have significant credit card limits, I only use them to get the travel points and pay the balances off each statement. I have learned to use them so well that I usually travel for little or nothing.|||Not that much!|||Yes i just had to take out a loan for a medical procedure and only had to try 2 banks before it was approved.|||Only if you have good credit , if not forget about it.|||if the card you are paying off isn't raising your limits already then....no you won't get any more credit....|||To some that have a fico score of above 720 and even then it is hard to get. Paying down or off your debt is always a good thing to do.|||Bank of America just received a 33 Billion bailout, from the U.S. Gov't. I can't wait for them to call me for a past due balance.|||i can,but i have a zero debt right now with a 740 credit rating.and i still would get denied in over half of the banks.pretty rough out there.i have my money in a smaller bank system who actually checked the credit of people applying for loans.|||You got ta be kidding me
.
Banks have credit
.
No way they are too busy taping into the free be check of billions of dollars that the government had printed up for them to have a fling at the best resort on the coast
.
Remember they the CEO's have a life style they have to keep up and it ain't a cheep one either
.
So back to your credit from a bank question
.
Nope not unless you have a Bill Gates kind of credit score
.
And we all know that in today's America those kind are getting kind of on the short side of finding
.|||If you have very good credit yes. If you have excellent credit they'll be throwing money at you.|||Yes, I actually got pre-approved for another home loan a few months ago. My brother just got a Target card a few months ago too. So yes, it's out there.
As for your situation, you should wait a little time after paying off your debt before applying for another card. That time will allow your credit score to go up, which will get you better interest rates and you'll be more likely to be approved in this tough market.|||Sure it is if you have a job and pay your bills. right now is a great time to buy a house. they are cheaper and interest is around 5%|||dunno|||Only if you can prove that you don't need it.. as usual.|||I just refinanced the house. It was easy
I want to raise my credit limit to at least $15,000. Are banks still giving out credit?|||Why would you want a $15,000. credit card limit at the astronomical interest rates they charge? Why not just get a line of credit from your bank. The interest rates on lines of credit are running about 4% right now. If you have good credit, you should have no problem getting one. They work just like a credit card...........
While I do have significant credit card limits, I only use them to get the travel points and pay the balances off each statement. I have learned to use them so well that I usually travel for little or nothing.|||Not that much!|||Yes i just had to take out a loan for a medical procedure and only had to try 2 banks before it was approved.|||Only if you have good credit , if not forget about it.|||if the card you are paying off isn't raising your limits already then....no you won't get any more credit....|||To some that have a fico score of above 720 and even then it is hard to get. Paying down or off your debt is always a good thing to do.|||Bank of America just received a 33 Billion bailout, from the U.S. Gov't. I can't wait for them to call me for a past due balance.|||i can,but i have a zero debt right now with a 740 credit rating.and i still would get denied in over half of the banks.pretty rough out there.i have my money in a smaller bank system who actually checked the credit of people applying for loans.|||You got ta be kidding me
.
Banks have credit
.
No way they are too busy taping into the free be check of billions of dollars that the government had printed up for them to have a fling at the best resort on the coast
.
Remember they the CEO's have a life style they have to keep up and it ain't a cheep one either
.
So back to your credit from a bank question
.
Nope not unless you have a Bill Gates kind of credit score
.
And we all know that in today's America those kind are getting kind of on the short side of finding
.|||If you have very good credit yes. If you have excellent credit they'll be throwing money at you.|||Yes, I actually got pre-approved for another home loan a few months ago. My brother just got a Target card a few months ago too. So yes, it's out there.
As for your situation, you should wait a little time after paying off your debt before applying for another card. That time will allow your credit score to go up, which will get you better interest rates and you'll be more likely to be approved in this tough market.|||Sure it is if you have a job and pay your bills. right now is a great time to buy a house. they are cheaper and interest is around 5%|||dunno|||Only if you can prove that you don't need it.. as usual.|||I just refinanced the house. It was easy
Why are credit card statements only available on-line for 2 years?
Why are credit card statements only available on-line for 2 years?
Yet, checking statements are available on-line for 7 years.|||Do you want to pay for the storage? That's a lot of hard drives and backups.|||It is more likely that you would need a bank statement than a credit card statement. It reallly isn't necessary to keep credit card statements for more than a year, unless something on that statement is used for a tax deduction. Then you would need to keep a copy of that specific statement with your tax return records.
I'm surprised that bank statements are available online for 7 years. I would think that the bank wouldn't keep more than 2 or 3 years online and that you would have to go to the bank for anything older.
By the way, you should be keeping copies of those bank statements for at least 7 years, either hardcopies or copies to a disk.|||No matter the reason, you can always keep YOUR hard copies for as long as you please.
That's what I do.
Yet, checking statements are available on-line for 7 years.|||Do you want to pay for the storage? That's a lot of hard drives and backups.|||It is more likely that you would need a bank statement than a credit card statement. It reallly isn't necessary to keep credit card statements for more than a year, unless something on that statement is used for a tax deduction. Then you would need to keep a copy of that specific statement with your tax return records.
I'm surprised that bank statements are available online for 7 years. I would think that the bank wouldn't keep more than 2 or 3 years online and that you would have to go to the bank for anything older.
By the way, you should be keeping copies of those bank statements for at least 7 years, either hardcopies or copies to a disk.|||No matter the reason, you can always keep YOUR hard copies for as long as you please.
That's what I do.
Are student credit cards available to nontraditional college students?
What are the requirements to qualify for a student credit card? Are there age limits? Specific school requirements? ETC|||Actually no limits except that you must be a full-time student and be over 18 years old.
As for the credit score, students credit cards may be given to those who have no credit at all.
Try your luck to find the best for your needs.|||Student credit cards are probably not going to be available to anyone due to recently passed legislation.
The requirements for a student credit card are having a reasonable good credit report/score (the exact minimum varies from bank to bank) and being a full time student. There is no age maximum. There may be an age minimum (previously, 18; now 21?).|||Well, regarding your age, you need to be an adult in your country. In my country we are adults since the age of 18.
School requirements? I don麓t think so. I suggest you go to your bank and talk to them about your inquiries.
Keep searching on the internet, sometimes you can find valuable info here. I found a blog with some insights.
As for the credit score, students credit cards may be given to those who have no credit at all.
Try your luck to find the best for your needs.|||Student credit cards are probably not going to be available to anyone due to recently passed legislation.
The requirements for a student credit card are having a reasonable good credit report/score (the exact minimum varies from bank to bank) and being a full time student. There is no age maximum. There may be an age minimum (previously, 18; now 21?).|||Well, regarding your age, you need to be an adult in your country. In my country we are adults since the age of 18.
School requirements? I don麓t think so. I suggest you go to your bank and talk to them about your inquiries.
Keep searching on the internet, sometimes you can find valuable info here. I found a blog with some insights.
Discussion: Should the quantity of credit available to american consumers be significantly reduced?
Just wondering peoples response. If you have any statitistics, please provide a link.|||It will be when the default level exceeds the banker's greed.|||If this is a discussion - what is your stance on it?
If laws are passed to significantly reduce the quantity of available credit - other laws should be passed to make it illegal for "any" company, or person, to discriminate against those who have little or no credit.
Effectively making it a crime for employers, rental property owners/managers, home utilities, etc., etc., etc. (it would be a very long list) to check a persons credit reports (including LexNex)
Not included in the list is the actual lenders - banks, credit card companies, etc.
And it should be passed before or along with any credit reduction law.
BUT - since "many" people (including those in the government) make bucks off of the credit consumers, by holding shares of stock in the lending companies, making money from lobbyists, etc.,etc, - that concept will never fly.
edited to add
I agree with the posters that mentioned credit education. Many high school grads don't even know how to write a check let alone run their own financial lives.
Since it would seem that a large percentage of parents/care givers fail to provide credit/financial education, it should be taught in our schools - and should start in "grade school" and continue through the rest of the schooling years.
(applauds those parents that do teach their kids)|||yes-predatory lending is a big problem in this country. I don't have statistics but there is a new documentary out/soon to be released on this subject that is getting a lot of attention. Personal responsibility is an issue, but many people are not aware of the ease with which one can become overbuderned by debt that seems to "creep up". Credit limits are too high %26amp;credit is too easy to get. Look at the damage to decent, honest people who took variable rate mortgages and now cant make the payments. Understanding this stuff can be difficult, so you can't blame the consumers 100%. Example-my 18 year old high-schooler just got approved and received (after being solicited) a CapitalOne Visa card. She makes about $50.00/week on a good week. That is just wrong!|||NO. That would causethe economy to contract and have a ripple efect throughout the enconomy. Consumer debt is not the great issue you think it is. We are not swimming in debt compared to our incomes and assets. Especially now after HUGE ruinup in property values, a major savings vehicle for many middle class families.
You would do much better to work to increase personal responsiblity and financial literacy. I think the big culpret is our newly emerging culture of victimization. People need to learn to rely on and take care of themselves. We have gone from a nation of Pioneers to a nation in perpetual daycare!|||This situation may very well be self correcting as we see the ripple of defaults in the sub prime market which in many cases are caused by predatory lending.|||Yes! I don't have links, sorry, but I have been reading a lot about a drastic rise in people ages 18-25 filing bankruptcy...this should NOT be happening. People are out of control. Also, I believe I read that the amount of total credit debt has gone up 400% in recent years...the general public is obviously not educated on the proper usage of credit.
If laws are passed to significantly reduce the quantity of available credit - other laws should be passed to make it illegal for "any" company, or person, to discriminate against those who have little or no credit.
Effectively making it a crime for employers, rental property owners/managers, home utilities, etc., etc., etc. (it would be a very long list) to check a persons credit reports (including LexNex)
Not included in the list is the actual lenders - banks, credit card companies, etc.
And it should be passed before or along with any credit reduction law.
BUT - since "many" people (including those in the government) make bucks off of the credit consumers, by holding shares of stock in the lending companies, making money from lobbyists, etc.,etc, - that concept will never fly.
edited to add
I agree with the posters that mentioned credit education. Many high school grads don't even know how to write a check let alone run their own financial lives.
Since it would seem that a large percentage of parents/care givers fail to provide credit/financial education, it should be taught in our schools - and should start in "grade school" and continue through the rest of the schooling years.
(applauds those parents that do teach their kids)|||yes-predatory lending is a big problem in this country. I don't have statistics but there is a new documentary out/soon to be released on this subject that is getting a lot of attention. Personal responsibility is an issue, but many people are not aware of the ease with which one can become overbuderned by debt that seems to "creep up". Credit limits are too high %26amp;credit is too easy to get. Look at the damage to decent, honest people who took variable rate mortgages and now cant make the payments. Understanding this stuff can be difficult, so you can't blame the consumers 100%. Example-my 18 year old high-schooler just got approved and received (after being solicited) a CapitalOne Visa card. She makes about $50.00/week on a good week. That is just wrong!|||NO. That would causethe economy to contract and have a ripple efect throughout the enconomy. Consumer debt is not the great issue you think it is. We are not swimming in debt compared to our incomes and assets. Especially now after HUGE ruinup in property values, a major savings vehicle for many middle class families.
You would do much better to work to increase personal responsiblity and financial literacy. I think the big culpret is our newly emerging culture of victimization. People need to learn to rely on and take care of themselves. We have gone from a nation of Pioneers to a nation in perpetual daycare!|||This situation may very well be self correcting as we see the ripple of defaults in the sub prime market which in many cases are caused by predatory lending.|||Yes! I don't have links, sorry, but I have been reading a lot about a drastic rise in people ages 18-25 filing bankruptcy...this should NOT be happening. People are out of control. Also, I believe I read that the amount of total credit debt has gone up 400% in recent years...the general public is obviously not educated on the proper usage of credit.
What are the highest limit credit cards available with a 650 FICO?
Where do you apply for such cards? I haven't applied for a new credit card in probably 15+ yrs.|||650 fico means nothing, it depends on what trade lines and lenght of time you have had them generated that score, i have seen one small sears card with a 2 month history generate that score you need a middle score of the three bureaus and trade history to get a decent answer to your question, and then the card issuer will give you a limit they will allow you to have.|||Could be anything... but your interest rate might be through the roof!|||Each lender makes its own decision on credit limit - there's no direct tie to FICO scores.
What is the best credit card available?
Just trying to eliminate some other credit card debt by transferring a balance. Any other ideas as to how to eliminate $13,000 on a card with variable rate currently at 7.99%?|||anything visa.|||shop online and you can see that some credit cards offer as low as 1.5 for any balance transfers...
i think maybe a wells fargo credit card or a capital one..
hope that helps.|||Advanta has a 7.99% 0 balance transfers for 12 months, check out these sites and go under 0% balance credit card sections to find the best one.
http://www.fastcreditcardapprovals.com/
http://www.fastcardapprovals.com/Bad-Cre鈥?/a>
http://www.cardoffers.com/partners/links鈥?/a>|||Instead of transferring the balance to another credit card, you can consolidate the credit card debts.
Consolidation is the best solution available to the credit cardholders to improve their future credit. People go for debt consolidation for many reasons: prolonging the loan period from 5 - 15 years and reducing the interest rate. Consolidation allows you to go for a loan with lower interest rate than the one you are currently paying. Besides it simplifies the loan repayment as you are paying only one lender in place of various payments to different lenders.
http://debt-trap.com/category/Credit-Car鈥?/a>|||Consolidation is a great way to make it easier for you to maintain debt. You can consolidate with a consolidation company or by yourself with different and new credit cards. The consolidation companies are usually expensive and have really ugly rates, but make the minimum payments low, so that you feel like you're prudent. I recommend a technique in the book here http://www.amazon.com/gp/redirect.html?i鈥?/a> called credit arbitrage (technique #10) as a way to consolidate and really save money. It'll take a little more initiative on your part, but you'll save a lot of money!
Good luck!
i think maybe a wells fargo credit card or a capital one..
hope that helps.|||Advanta has a 7.99% 0 balance transfers for 12 months, check out these sites and go under 0% balance credit card sections to find the best one.
http://www.fastcreditcardapprovals.com/
http://www.fastcardapprovals.com/Bad-Cre鈥?/a>
http://www.cardoffers.com/partners/links鈥?/a>|||Instead of transferring the balance to another credit card, you can consolidate the credit card debts.
Consolidation is the best solution available to the credit cardholders to improve their future credit. People go for debt consolidation for many reasons: prolonging the loan period from 5 - 15 years and reducing the interest rate. Consolidation allows you to go for a loan with lower interest rate than the one you are currently paying. Besides it simplifies the loan repayment as you are paying only one lender in place of various payments to different lenders.
http://debt-trap.com/category/Credit-Car鈥?/a>|||Consolidation is a great way to make it easier for you to maintain debt. You can consolidate with a consolidation company or by yourself with different and new credit cards. The consolidation companies are usually expensive and have really ugly rates, but make the minimum payments low, so that you feel like you're prudent. I recommend a technique in the book here http://www.amazon.com/gp/redirect.html?i鈥?/a> called credit arbitrage (technique #10) as a way to consolidate and really save money. It'll take a little more initiative on your part, but you'll save a lot of money!
Good luck!
Does extending your available credit help your credit score?
You can use this credit monitoring service to pre-estimate future scores for different scenarios of such payments - credit-report-free.totalh.com|||Maybe.
About a third of your score is based on the ratio of credit card debt to limit. Carrying balances of more than 30% hurts your score. Adding to your limit woud decrease the debt percentage and would increase your score. However, paying off the balance would also give your score an immediate boost.
You also need more than just one or two lines of credit to get the best scores/history. Credit experts recommend 3 or 4 revolving (credit cards) and 2 installment loans to get the best mix for the best scores.
About a third of your score is based on the ratio of credit card debt to limit. Carrying balances of more than 30% hurts your score. Adding to your limit woud decrease the debt percentage and would increase your score. However, paying off the balance would also give your score an immediate boost.
You also need more than just one or two lines of credit to get the best scores/history. Credit experts recommend 3 or 4 revolving (credit cards) and 2 installment loans to get the best mix for the best scores.
What bank has a no credit check automobile loan available?
What bank has no credit check auto loan available, that's legit? I already have the car, I just want a lower interest rate. Need help if you're willing. Im asking this because I'm only 20 and I have good credit, but its as they say "limited" meaning I don't have enough to apply for a auto loan. So I want to apply for a loan w/o having to show my credit history.
Thanks!!!|||No legitimate bank is going to give you an auto loan without checking your credit. I'm sure your question is going to elicit tons of answers from the scammers trolling Yahoo answers promising the sun, moon and stars in the way of loans, but a legitimate place of business isn't going to give you that kind of money without a credit check. It just won't happen.|||All banks will pull credit, just as if you were to go to a dealership. Buy here Pay here is available but keep in mind you are paying a new car price for a used car. Meaning some will say so much down and then say you have to pay Ex: 79/week = 316 per month. Might as well see about going through the bank. Ask someone to maybe co-sign for you if they believe you will not screw them over.|||Any bank will pull your credit. Try to find a "buy here, pay here" dealer. Lots of dealers are doing this and some will finance you for 10% (which is a great deal compared to a bad credit loan). Be wary though, there are some shady dealers selling junk.
Thanks!!!|||No legitimate bank is going to give you an auto loan without checking your credit. I'm sure your question is going to elicit tons of answers from the scammers trolling Yahoo answers promising the sun, moon and stars in the way of loans, but a legitimate place of business isn't going to give you that kind of money without a credit check. It just won't happen.|||All banks will pull credit, just as if you were to go to a dealership. Buy here Pay here is available but keep in mind you are paying a new car price for a used car. Meaning some will say so much down and then say you have to pay Ex: 79/week = 316 per month. Might as well see about going through the bank. Ask someone to maybe co-sign for you if they believe you will not screw them over.|||Any bank will pull your credit. Try to find a "buy here, pay here" dealer. Lots of dealers are doing this and some will finance you for 10% (which is a great deal compared to a bad credit loan). Be wary though, there are some shady dealers selling junk.
What determines how quicky your credit card available balance will go up?
I got my credit care for to main reasons, one i have to start establishing credit and 2 i need a new laptop. Right now my limit is 500, but my computer is a little over 1,000. When will my limit go up and how can i make it faster? Im with Citibank.|||Try to open another credit card with the same bank and once you're approved, transfer a credit line from one account into another.
You can also try to call to the bank and request the credit line increase reasoning that you need to make a large purchase.
I wouldn't advise you to make a purchase using all available credit though. It will decrease you credit score dramatically. You should use no more than 30% of your available credit. If you got your first card, apply for a few more, wait 3 to 6 months and request a credit line increase. You'll be amazed how fast your credit will grow!
But for now, having 500 limit credit card you should use no more than $150 credit per month.|||they will consider raising your score after 6months
but you will need to use a small portion of the card and pay on it each month; this is to show them that you are responsible in paying your bill on time
some creditors raise your limit after 6 mths of on time payments; others wait until after 1 yr...
You can also try to call to the bank and request the credit line increase reasoning that you need to make a large purchase.
I wouldn't advise you to make a purchase using all available credit though. It will decrease you credit score dramatically. You should use no more than 30% of your available credit. If you got your first card, apply for a few more, wait 3 to 6 months and request a credit line increase. You'll be amazed how fast your credit will grow!
But for now, having 500 limit credit card you should use no more than $150 credit per month.|||they will consider raising your score after 6months
but you will need to use a small portion of the card and pay on it each month; this is to show them that you are responsible in paying your bill on time
some creditors raise your limit after 6 mths of on time payments; others wait until after 1 yr...
When will the tax credit form be available online?
I am doing my taxes online, well my fiances, he bought a house and has never bought one before so he is eligible for the tax credit (which I know is a loan that has to be paid back blah), it says the form is not available yet.
Anyone know when it will be available?
I am filing on hrblock.com.|||The form has been available for about a week now. Here's a link: http://www.irs.gov/pub/irs-pdf/f5405.pdf
Once the IRS finalizes and posts a form, it takes the software engineers at Block and the other tax prep firms a week or so to get them loaded in their systems.|||You're welcome. TFTP.
|||Probably after 2/1 since you cannot file before then|||If will probably be online at hrblock.com today. I work at an H%26amp;R Block office and it because available to us in our in-house software as an update last night.|||Looks like they're all available now
Anyone know when it will be available?
I am filing on hrblock.com.|||The form has been available for about a week now. Here's a link: http://www.irs.gov/pub/irs-pdf/f5405.pdf
Once the IRS finalizes and posts a form, it takes the software engineers at Block and the other tax prep firms a week or so to get them loaded in their systems.|||You're welcome. TFTP.
Report Abuse
|||Probably after 2/1 since you cannot file before then|||If will probably be online at hrblock.com today. I work at an H%26amp;R Block office and it because available to us in our in-house software as an update last night.|||Looks like they're all available now
Why does my joint credit union accout statement say credit available?
My dad belonged to a credit union and before he died, my name was placed jointly on his credit union account with him. I think it is because he was scammed by a savvy car dealer and I paid his monthly payment on the account until his car was paid off shortly before he died. Why is there credit available on the statement? What does that mean?|||He might have had an open line of credit or something. Check with the bank.|||maybe you need glasses|||Did he have a revolving line of credit meaning he could borrow this at any time.
Is it better for your credit to keep open cards w/ no balance to show credit available not being used? OR?
Is it better to close those accounts? And why?|||Keep them open and active this is why:
1. Payment history- 35%
2. Total debt owed to avialable credit ratio-30%
3. Length of time establishing credit-15%
4. Types of credit established-10%
5. Inquiries and New accounts-10%
As you can see, almost 鈪?of your score depends on how well you pay on time and the ratio of how much you owe to how much you're able to borrow. If you close accounts, you not only shorten the active payment history, but even more important you decrease the available credit you have making it look like you're not capable of borrowing. It doesn't mean that you have to use it, but as long as you show that you're able to. My suggestion is this and it's simple. Make SMALL purchases ($20/month max) that can be easily paid off on time every month. This way, you not only show account activity, but your available credit is freed up, AND you're not going into debt by paying a bunch of interest. You can find a happy medium by having good credit and beig debt free all at the same time.
I hope this answer helps,
good luck and thanks for reading!|||It's true that a large part of your credit score is based on the ratio of revolving debt to available limit. Closing credit cards lowers your overall available limit. If you carry balances on other credit cards, this would increase the debt percentage. Balances of more than 30% hurt your score.
Closing accounts also closes the history.
While many people will advise you to never close an account, I think it is silly to keep a stack of credit cards that you don't use. There are too many opportunities for theft and fraud. You have to secure those cards and monitor them.
I recommend that after you pay off all your credit card balances, you keep the two oldest major credit cards that don't have an annual fee. Only keep store or gas credit cards if you have a special reason and actually use them. Close the rest. Close them in writing and request written verification that the account is closed.
Your score will take a hit but will rebound quickly.|||If you're not using them, close them. You don't want to have an account that you've forgotten about stolen... plus inactive accounts don't contribute anything positive to your credit score.
You'd be better off picking two or three cards, charging small amounts on them every few months to keep them active and paying off the balance every month. That will show a history of payment and in the long run, increase your credit score.
I have three cards. One is my main card that get the majority of my purchases, and the other two I use every few months just to keep them active.|||It depends, if you have had them for a while and they are your longest time wise, I would keep them. The benefits to showing long term credit worthy is counted more than having the empty balances hurt you. If they are all recently opened and you have ones that are older that you use than go ahead and close them.
1. Payment history- 35%
2. Total debt owed to avialable credit ratio-30%
3. Length of time establishing credit-15%
4. Types of credit established-10%
5. Inquiries and New accounts-10%
As you can see, almost 鈪?of your score depends on how well you pay on time and the ratio of how much you owe to how much you're able to borrow. If you close accounts, you not only shorten the active payment history, but even more important you decrease the available credit you have making it look like you're not capable of borrowing. It doesn't mean that you have to use it, but as long as you show that you're able to. My suggestion is this and it's simple. Make SMALL purchases ($20/month max) that can be easily paid off on time every month. This way, you not only show account activity, but your available credit is freed up, AND you're not going into debt by paying a bunch of interest. You can find a happy medium by having good credit and beig debt free all at the same time.
I hope this answer helps,
good luck and thanks for reading!|||It's true that a large part of your credit score is based on the ratio of revolving debt to available limit. Closing credit cards lowers your overall available limit. If you carry balances on other credit cards, this would increase the debt percentage. Balances of more than 30% hurt your score.
Closing accounts also closes the history.
While many people will advise you to never close an account, I think it is silly to keep a stack of credit cards that you don't use. There are too many opportunities for theft and fraud. You have to secure those cards and monitor them.
I recommend that after you pay off all your credit card balances, you keep the two oldest major credit cards that don't have an annual fee. Only keep store or gas credit cards if you have a special reason and actually use them. Close the rest. Close them in writing and request written verification that the account is closed.
Your score will take a hit but will rebound quickly.|||If you're not using them, close them. You don't want to have an account that you've forgotten about stolen... plus inactive accounts don't contribute anything positive to your credit score.
You'd be better off picking two or three cards, charging small amounts on them every few months to keep them active and paying off the balance every month. That will show a history of payment and in the long run, increase your credit score.
I have three cards. One is my main card that get the majority of my purchases, and the other two I use every few months just to keep them active.|||It depends, if you have had them for a while and they are your longest time wise, I would keep them. The benefits to showing long term credit worthy is counted more than having the empty balances hurt you. If they are all recently opened and you have ones that are older that you use than go ahead and close them.
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