hsalas asked:


I need advice on which cards to keep and which to close In total I have 7 Credit Cards I know for sure I want to close two of them out but would also like to know if I should do anything to the others

I have the following Cards,
Bank of America Platinum Plus, using $70 of 2,300, opened 06/07
Sears (Blue), using $350 of $1,100, opened 12/07
HSBC, 0 of $300, opened 03/08
Capital One, $100 of $750, opened 03/08
Sears MasterCard, 0 of $1,000, opened 07/08
Target, 0 of $200, opened 09/08
Sam’s Club Personal Credit, $70 of $500, opened 11/08

I also have a student loan out that deferred for $7,000

I plan to close out HSBC ( they wanted to charge $10 for a credit line increase of $100 they also have an annual fee and I think the most they will do is cut it in half) and Target because of their low credit limit and I really don’t shop at Target, just used it to get a 10% discount on some present for my mom. I don’t want to close out sears (blue) because I bought a TV on it and its interest deferred until august (I should have it paid of by april). Capital one is interest free for a year which is about to end, think I could get them to give me a good credit rate?

Do you have any suggestions for me I don’t want to open any more credit cards any time soon.
My credit score is a bit out of whack, credit companies Always report to the credit agencies when I have a high balance with them, which I think is unfair, hopefully I get lucky this upcomming report. Suggestions with that as well would be appreciated. Thank You very much for your suggestion.

P.S. I use Bank of America Privacy Assist to check my credit report it updates every 3 months. I still have money over from my student loan (I was going to use for a down payment on a car) should I use that money to pay off all the debt or should I continue doing it the way I am now, I made a budget off all my credit cards and I should have every thing paid off by february, except the sears card.

NELSON

tegamal asked:


I am in need of $1000 for a new washer/dryer & some other things around the house, but I have bad credit from a while ago due to a miscommunication from a lender. That issue has dropped off my credit report being from over 7 years ago, but my score is still pretty bad.

I don’t want a payday advance or one of those 90%+ places. I don’t want to go back into debt even more, but I would also like to use this loan as a way to improve my standing.

Thanks in advance!

SOLOMON

majax79 asked:


I had 3 credit cards that went to collection about 8 months ago and I paid them all of right around that time.

They show up on all 3 credit reports as potentially negative credit items as they all say 120 days past due.

I was also told that this lowered my credit score.

My question is: I have 1 credit card that is 180 days past due and it shows that the amount has been written off.

Would it raise my FICO score or help my credit reports in any way if I paid it off? It doesn’t seem to have helped when I paid off the other credit cards.

I’m not looking for personal comments…I just want a real answer.

JEFFRY

Anthony M asked:


I have 2 credit cards that I had charged off about 6-7 years ago . I settled with a collection agency, not the full amount but about 70% of both the credit cards. They are scheduled to be removed from my credit in 2010. Is there a way to speed this process up? Could I pay the remainder of these credit cards off beyond the settled amount to get these removed? Also what is the easiest way to get credit? I currently make 125k plus a year. I can only seem to get credit cards with like a $500 limit. I believe it’s because of these accounts. Please let me know what is the easiest way to get get whether it be a credit card or personal or etc.

EARL

brwnone asked:


I am slightly worried about a breach in my private information. 10-11 months ago my laptop hard drive was thrown out. I had deleted any financial information and personal information a year prior to throwing out th drive. I used the computer 3-4 hours a day for music, videos and other daily use. Does identity theft often occur from this sort of thing, even though i had deleted all my info months prior? would i know by now? I lived in an apartment complex and the 2 years i lived there i never saw anyone pawing through the 4 dumpsters there. I didnt just simply toss it, i hid it very well in the trash..i think in a bag of cat poop. I also found out that the waste from my complex is incinerated. Am i ok? I have aleady checked my credit report recently.
Thanks!

ORLANDO

Dave Joa asked:


Instant Online Access.

Today in the UK you can now have instant access to get your free credit report online.

But what are the benefits of being able to see this record of your credit history and the other details that the credit reference agencies hold about you on your personal credit file.

In order to look at every potential benefit that your credit report could give you, we need to look at what your credit report is used for.

Who Uses Your Credit Report And How?

Your free credit report in the UK will be used by financial institutions whenever you apply to them for credit cards, loans or mortgages and by other companies when you apply for any product or service that requires you to sign up for some form of credit, such as a mobile phone contract.

All these companies want to know your current credit rating and they will determine this using your credit score, which they calculate with their own company formula using information on your credit history and current credit status from a copy of your credit report.

This credit check will involve checking your credit report from one of the three credit reference agencies in the UK all of which gather relevant credit and personal ID information about you to create your credit file.

Failed A Credit Check?

If you fail a credit check and don’t get the loan or credit you applied for, you usually won’t be told why or which credit reference agency was used.

However, the details held on your credit report can help you find out what is causing your application to be refused.

The reason may not even be a valid one as it is very easy for a mistake, typing error or old inaccurate information to be held on one of your three credit reports.

Such errors may relate to your credit history or the other personal data on your credit record, which is used to confirm your identification and what you put on your application form.

Major Benefit

A higher credit score will help ensure that you get the loans or credit you want and that you will get a better rate of interest than if your credit rating were lower.

To ensure that your credit score and therefore your credit rating is as high as it can be you need to make sure that everything on all three of your credit reports is accurate and up to date.

You therefore need to get a copy of your credit report from each of the 3 credit reference agencies. Don’t assume that if one is correct that the others will be!

Fortunately you can get instant online access your credit report at each agency for free as all agencies are currently offering a free trial of their UK credit report service.

You should take advantage of this to check all three of our credit reports and fix them if you find any problems. Just talk to the relevant agency about how to get issues with your credit report resolved.

Remember however that this could take time so start as soon as possible, especially if you are planning to apply for a loan or other credit some time soon.

Other Benefits

Your credit reports are a great asset and should be checked and maintained just like you check you bank statements. If you don’t check them they could easily become your greatest liability.

Effective management of your credit report could save you a lot of money over time and ensure that you are not refused credit when you need it.

If you are going to apply for a loan or mortgage then it makes sense to check you credit reports before applying as failed applications will be recorded on your credit file and can lower your credit score making your next credit application even more likely to fail.

When you fix your credit reports and get your credit score to be as high as possible you will be able to borrow more money from lenders and get more credit and all at lower interest rates.

Checking you credit report regularly is a great way of making sure that your identity has not been stolen and used in fraud to steal money or pay for products and services using your personal details and your money.

Compare reports from different credit agencies to make sure that they are all the same because when you apply for credit you have no way of knowing which credit reference agency your potential lender will use.

So What Next?

It is very easy to check your UK credit reports and you can do this online for free.

So do it now before you forget to make the most of this opportunity.



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twinkle730 asked:


I was stupid and took out a payday loan. I know they charge outrageous interest and take forever to pay off. I know now to never use them again.

I am in good status with them and have paid it off. Now, I am trying to obtain a personal loan. I’m worried that I’ll be rejected if they see this on my credit report.

Do payday loans show up on your credit report? Any expert advice out there? Thanks!

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broke asked:


I would like to pay off loans showing against me on my credit report and repair my credit with out going to a credit repair company

Kansieo.com

Honest Q 4 Honest A asked:


I want to see if a personal loan will be cheaper than the loan on my car, but I don’t want to bring down my credit score.

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Bob S asked:


I feel that giving out personal info to those websites, experian ect.. may just make real what I am trying to avoid. However, I have been told that my credit wasn’t good, but I don’t know why. I have like 0 debt. I need to know why i have bad credit. Where do people go to get a credit report that is 100% safe?

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