Credit History

Posts Tagged ‘credit history’

What is the best way to settle your debt. Should I contact Credit card bank or debt relief company to settle?

I am a single parent and have close to $ 15,000 in credit card debt. I tried calling credit card company to make an offer in lower amount. Do you think if credit card company settle with in lower amount of payment would it affect my credit history. What is the best way to go

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Best ways to build credit with no credit and a debit card?

A credit report site is unable produce my credit history because I had no credit even though I had a debit card issued by my bank for at least two years.

An almost unending stream of flow of credit card offers from Capital One, which I ignore. (I’m afraid that I would somehow misuse it in one way or another.)

I seem to have bad luck in getting jobs from school during the semester, either due to bad timing or looking in the wrong places.

I spent most of my checking on half the textbooks I bought from my college bookstore, none of which could be found online, except maybe in a marketplace.

Now I found out that I could save a great deal online on the other half of the books I need, for about half the price, Unfortunately, I don’t have enough in my checking, and I wanted to order my books asap, as the semester already started. (I was also afraid of losing my order.) Then there was this "bill me later" option and I thought, "Great, once my mom helps me deposit in a few days, I can pay by the end of the week!" And Wham! "Bill me later" was unable to process.

Feh. Bloody brilliant. And my mom was supposed to help me deposit today, er, well, yesterday

I apologize if there were a couple of points that didn’t seem to relate to this. The point is, how the heck am I supposed to build my credit if all the credit lenders would do is deny me or anybody in a similar situation? I’ve also heard that building credit is getting harder than before, especially those without credit like me. It’s seriously driving me insane.

I’ll thank you for your time. And please, don’t give all that "I am a lender" kind of crap. Nobody needs that.
It just seems to me that there have been some people who obviously doesn’t understand that I don’t like nonsense kind of answers, like the ones Mini and Oman posted. Please, don’t just post links. Explain them, personal experiences at best. Thank you.
Ted: You bring up a good point. Thanks! I haven’t really thought about it before, but now that I think about, it makes sense.

As to the credit card offers that I get (Capital One mostly, and Discovery, recently), would that be a good a idea to take up one of their offers? What do you guys think? Which card do you guys recommend for college kid like me, all school and no work?

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What is the best type of Credit Card for Rewards/Points etc…?

I am aware that when you sign up for a credit card there are various offers that if you use to a certain extent you get frequent flier miles so you can go out of the country free.
What I’m asking here, is there a certain website that lists all these benefits and the type of Credit Card that offers this service and what type of Credit Card do you guys use that you think is really good.
I’m asking this because I just started my first credit card and I’m wondering since I have established a credit history I would like to apply a more appealing credit card assuming I get accepted.
Thank you!

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what is the effect (on credit history) of settling a debt with creditors?

I am trying to settle my debt (from credit cards) with two creditors. I am a complete ignorant of how these works.
Please help answering the following :

1) Is settling better than bancruptcy ?

2) Are there different types of debt settlements ?

3) Does it make any difference if I settle with the Bank or with a collector ?

4) how do you compare the effect of settlement vs banckruptcy on credit history ?

5) Is auto re-possesion equivalent to bankruptcy ?

Thank you…

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Any information on Bank of America Visa Gold credit card?

I am 23 and looking to get my first credit card. I’ve never had one before, and I’m trying to compare rates, fees, etc. Someone recommended that card (Bank of America Visa Gold) as a good credit card. Does anyone have any knowledge of it or other better cards for someone trying to establish a credit history?

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Credit card offers with points?

Whenever I get credit card offers with bonus points, I open the card, purchase something small (like ), get the bonus points (towards a gift card or something), and then I never use the card again. (of course I pay it off).
Does that have any consequence on my credit history? Should I close that credit card account, since I never use it again after I get my 0 gift card

Thanks in advance.
Best answer will be chosen

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Taking advantage of 0% APR on my credit card?

I just got my first credit card with 0% APR for the first 7 billing cycles and with an initial credit limit of 00. Let’s say I take advantage of the 0% APR by immediately buying an object worth about 0 with this credit card. And, supposing that I pay in full this 0 debt in 3 months by paying more than the minimum payment every billing cycle (within 3 months which is well before my initial zero APR changes), how will this affect my credit score ? Will it hurt or help ? This might sound like a dumb question to you, but this is my first credit card and I really want to start building my credit history in a positive note. Thanks for your comments.

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How long should I wait until applying for a secured credit card?

I have posted a smiliar question earlier, and i got great feedback! thanks! I didnt know you couldnt reply to answers in your question so here goes another….

I just applied to my last credit card 2 weeks ago (it was my second application ever, first one was back in august). I have no credit history (never had any loans, lines of credit, bills in my name, nothing) and i am trying to build it. I have been told to get a department store card, gas card, store only card or a secured credit card. I figured this may be the easiest way to go, the secured card, even though i dont feel comfortable/cant really afford to shell out 0-00 right now (im in the middle of moving). however, since i applied for the last credit card only 2 weeks ago, do i still have to wait the suggested amount of time (3 months) until i apply for a SECURED card?

or do you think i will have a very good chance with a WALMART store only card? That card i would actually use on a weekly basis as compared to a sears card or something of that nature.

Capital one also advertises on their website in the compare credit cards section, a tier of credit cards for "LIMITED HISTORY" applicants. does anyone have any experience/knowledge with these? would i have a good shot at one of these?

I just need to start building credit ASAP and i also cant really afford those darn "suggested waiting times" of 3 months in between applications!

THANK YOU!!

What's the advantage of getting a student credit card as compared to a regular credit card?

Besides the fact that a student card is easier to get without a credit history.

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What should one look for when trying to get a credit card? Low intro rate, Low ongoing rate?

Help me out with the terminology. I want to get a credit card, but don’t know what to look for. What is APR? and the other terms they use & how does the credit score develop?
By the way, I don’t have credit history. Is this necessary when trying to get a credit card. What percentage should I look for an ongoing rate?he