Melinda B asked:


I own a small home theater business basically out of my house. I buy products from authorized wholesalers, and then sell them retail. I’ve mainly been running on a cash/check basis. I have a business checking account. But I now have a big customer who wants to pay with a credit card.

Are there any good credit card services available that have low fees?

j j asked:


When you check your credit score or report it shows that you have so much debt and then it shows available credit you have left if you were to get like a car loan or school loan. So how does a home loan fit into that. Do they go by that available credit or what they expect it to be within the regular 30 year mortgage period?

Kelly M asked:


I am a newly eightteen year old and my mom has been building my credit history for the last two years, so i have phenomial credit history.
I am looking for a credit card that has a good rewards program for me.
I looked into the american eagle card but it seems like it takes a lot to get rewards.

Any ideas?

Caesarion asked:


I’m a college student who got a credit card a little less than a year ago. I spend a lot (around $700 a month) and always pay back the total in full before the due date. My bank has increased my credit line three times since because of my good credit.

So are there any additional advantages to having a good credit score than easily getting approved for credit cards and getting large credit lines? Does it also project to any type of loans (i.e. it is easier to get approved for a car loan with a lower interest rate) or something?

Caesarion asked:


I’m a college student who got a credit card a little less than a year ago. I spend a lot (around $700 a month) and always pay back the total in full before the due date. My bank has increased my credit line three times since because of my good credit.

So are there any additional advantages to having a good credit score than easily getting approved for credit cards and getting large credit lines? Does it also project to any type of loans (i.e. it is easier to get approved for a car loan with a lower interest rate) or something?

Simba asked:


I’m considering getting a credit card and just having it draw from my checking account, would this build credit? Alternatively, I have a debit card that occasionally gets charged as credit, and it gets paid from the checking account all the same, does this affect my credit?

I’m only 18, and my school’s economics class chose to focus on things we’ll never use instead of things everyone needs to know lol.

cb4556 asked:


I found out my credit score is 550. Since then, I’ve paid some stuff off, leaving only a student loan, car payment,and 1 low credit credit card. How long will it take to increase? I want to buy a house in the next 2 years.

travelplus asked:


With the World Points Credit Card what is higher a Platinum Plus or a Signature. What is the difference in terms of APR, Eligibility etc? What is the highest level of cards? Is My Concierege a good service? Are the airfares really without blackout dates? Is there accident insurance. With the new Bank of America World Points card with 1.25 points is the Platnium Plus the highest level?

Bob M asked:


Back in 1997, I ran into some financial trouble and took out a loan for the balance on a mobile home I once owned. I defaulted on the loan that year, but it is still on my credit report. I wrote letters to the bank and to the credit reporting agencies, and this is still on my credit report. This is the only bad credit/delinquency I’ve ever had. I would appreciate any suggestions.

Kevin V asked:


I would like to settle a few closed credit accounts that have been charged off and bought out by debt collectors. The collection agency is offering me a discounted rate to pay off this account. If I choose this option, will my credit report eventually show this account closed and paid off, as stated by the agency?