Archive for the ‘Personal Finance’ Category

ajoytalent asked: I’m sure some people might say having no credit card is best..but to build up credit you have to start somewhere!
My friends credit is ike 580 or something, and I told her i would look into it.. Thanks!

Faith E asked: If i file bankruptcy, can i still rebuild my credit without a car loan? I want to purchase a paid off car and get liability insurance. I still have a student loan and 2 credit cards, I am planning to keep them to rebuild my credit. Will these get me to 700s [...]

DQ asked: What are the advatges and disavantage and beniffites of both?
The only thing that is that my bank “BB*T” is extreamly close to my house like walking distance but my credit union wich I am thinking of joining “Fairfax Credit Union” is about 10-15 miniutes from my house so what would you advice me [...]

Bear E asked: I spent some time in jail and my credit card expired. Currently I have no checking account or active credit card. How do I get a credit report? All the sites I have seen require a valid active credit card.

Jim D asked: I have paid down some balances already for some time but the changes are not appearing on my credit report. I’m not pulling up my credit however, I have alerts when my scores go up or down or if there’s inquiries etc. Do I have to ask them to report the change [...]

triguyinla asked: I have over $100,000 in credit on my 7 or 8 credit cards, all with a 0 balance. I am facing foreclosure in a few months. Will the banks cancel my credit cards once I get a foreclosure on my credit? Should I just max out all my credit cards [...]

dwaindaddy asked: I am thinking about allowing a credit counseling service (Take Charge America) to consolidate all my unsecured credit. Will this help or hurt my credit rating once I complete the program in about 3.5 years?

Sophie920 asked: What other factors make you a good candidate for mortgage approval in Canada? Does your credit rating affect the interest rate that you will receive?