for questions that relate to all forms of credit.

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0
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0answers
44 views

Sitting in India, can I buy goods from China on internet using a credit card, deliver it to USA and receive payments through western union from USA? [on hold]

I reside in India. I would like to buy goods in China through e-commerce (dhgate or alibaba) using my Indian credit card, and have it delivered to the USA for final sale. Further, I need to receive ...
0
votes
0answers
16 views

consolidate credit monitoring

I'm trying to piece together the best way to monitor my credit. I've recieved notices relating to several breaches over the past year (Home Depot and Target I believe) which entitled me to a certain ...
2
votes
1answer
100 views

How to calculate Annual Percentage Rate

How to calculate Annual Percentage Rate (APR) given the following: A - Loan borrowed at the beginning (USD 1000), B - Loan total costs paid at the end (USD 2000), c - Number of compounding periods ...
1
vote
2answers
36 views

What constitutes 'income' for credit card &c? (US specific)

I also have gotten several inquiries like this one My credit card company is asking for my current income citing "Federal Regulations" which started me wondering just what is considered ...
0
votes
1answer
57 views

To prevent credit score decreases, what are the optimal frequency and number of credit card applications in Canada?

The bolded seems anecdotal; is there any official source? http://www.moneysense.ca/debt/know-your-credit-score: While you can check your own credit as many times as you’d like, others can only ...
1
vote
1answer
106 views

Can having a co-signer on a house loan reduce the down payment required?

I have worked as a freelance web designer for 3 years before taking a salary job at a company 6 months ago. I have enough money saved up and make enough at this job to own a house but I doubt I will ...
2
votes
3answers
196 views

Looking to get my first credit card

I have no prior credit history. Does anyone know of a credit card company that doesn't require much (if any) deposit money down and has a high approval rate for first time credit card holders?
0
votes
0answers
18 views

Getting Rid of PMI [duplicate]

We bought a house for less than 20% down payment, and now we pay over $150 a month for useless PMI (private mortgage insurance). I regret having done this, but assuming that I can't change the past, ...
0
votes
4answers
87 views

Will getting a secured credit card to buy a single expensive item hurt my credit or help it?

I want to buy a single high priced item for myself before the new year and I'd like to know if getting a secured credit card for, say, $1500.00 and then maxing it out to buy this single item will help ...
6
votes
1answer
68 views

Can you report on time payments on private loan?

We have a contractual loan (one with a contract, not a handshake) from an family member who bought our student loans. We pay regularly just like any other loan and we pay a small amount of interest ...
4
votes
1answer
79 views

Is it a good idea to max out a zero interest revolving credit account?

I have a 0% interest overdraft that's currently up to a £1200 limit, but I can request an increase. Would it be a good idea to transfer up to the limit (minus what I'd float in the account to make ...
0
votes
1answer
93 views

Approved for a Credit Line of $700 BoA

I'm 18, and I recently applied for a Credit Card at Bank of America. I applied for the BankAmericacard Cash Rewards Platinum Plus Visa, I got approved for a credit line of $700, I was wondering how ...
1
vote
0answers
43 views

When to apply for a new credit card?

I am a graduate student living in US. It is now 10 month since I have had a secure credit card from Bank of America with a $300 credit line and APR 20.24%. Recently, BOA increased my credit line to ...
2
votes
1answer
56 views

Why are there different credit rates in each country?

I live in Paraguay, and here credit rates begin at 16% and go up to 50%. In Germany you can get a loan for a lot less. Why is that?
2
votes
3answers
161 views

Should I always pay my credit at the last day possible to maximize my savings interest?

I want to pay my credit fast but I'm thinking that being too early would cause me to lose on some of the interest I would otherwise have gotten on my savings account. What is the best route for me to ...
1
vote
1answer
58 views

How can I take out a personal loan as a minor with a co-signer other than my parents?

I'm currently in the process of buying a truck worth $8,000. The seller will only hold the truck for me for a week. It is a private party selling the truck (through craigslist) I currently own a ...
2
votes
1answer
95 views

Mortgage rate shopping - 14 day period

I'm currently in the 14 day period since my credit (all 3) were pulled for a Mortgage Application. A second lender pulled my credit today (still in the 14day period) and surprisingly, the new inquiry ...
2
votes
1answer
200 views

Does not having the full (good) payment history on report negatively affect me?

I've had my credit card since 2006. My credit-report reports the following: Status: Open/Never late. Date Opened: 06/2006 Reported Since: 06/2011 Date of Status: 09/2014 Last Reported: 09/2014 ...
7
votes
2answers
218 views

If I could, should I buy a car with cash instead of credit?

The most common (and realistically feasible) method of buying a car is to buy it with a loan/credit card, then pay it off in bits every time interval. However, say that I could buy a car in full when ...
0
votes
1answer
159 views

Balance transfer from Wells Fargo to Chase

I have had a Wells Fargo Credit Card for about 3 years with a limit of $3100 and a chase bank credit card since January with a limit of $3000. Wells Fargo is charging me close to 13% and chase has its ...
3
votes
1answer
106 views

What effect does a high credit line have on a mortgage?

I have received a letter from my credit card company increasing my credit line and when I spoke about this with a co-worker, they told me that I should request that the company does not increase my ...
3
votes
3answers
180 views

What is too much credit utilization on credit card?

Is credit utilization looked by card or total credit? Say I have three credit cards with the following utilizations: Card A Limit: $30000 Balance: $25000 Utilization: 83% Card B Limit: $20000 ...
18
votes
4answers
3k views

Do credit checks affect credit scores?

I've heard what I believe to be a myth surrounding credit scores being affected by companies (loan, mortgage etc.) checking your file. I used to have an experian account, and I noticed quite a few ...
2
votes
2answers
184 views

PayPal personal account: does it accept credit cards or not?

On this website it says it does not: https://www.paypal.com/cgi-bin/webscr?cmd=p/pop/choosing_account_type_signup-outside On this site it says it does: ...
5
votes
2answers
446 views

Why was my Credit Limit Increase Denied?

I applied for a credit line increase from Capital One a few weeks ago. A few days ago I got a letter indicated that the increase request was rejected. The two reasons stated were: Primary ...
1
vote
3answers
1k views

Need a loan to buy property in India. What are my options?

I have seen a property in India, and I am planning to buy it. The total cost is $105k, out of which I have $30k of my own. The remaining $75k needs to be financed somehow. I can get a loan in India, ...
4
votes
2answers
143 views

Should my credit report be empty

It seems my credit report is empty. When going to annualcreditreport.com, Experian and Equifax both give me generic errors saying my request can't be completed, and TransUnion gives me a report that ...
3
votes
1answer
60 views

Effect of having a guarentor on one's credit

As I understand it, paying rent on an apartment in the US can positively affect your credit score. But when someone has a guarantor with their lease, is their credit touched at all, or is their paying ...
12
votes
3answers
4k views

Is it bad to have multiple credit cards?

I have 4 credit cards that I use occasionally but pay off the balance every month for the most part. Recently I've been suckered into getting store credit cards (Macy's, Kohl's, etc) because they ...
2
votes
1answer
96 views

What is an Installment Rate Percentage?

I'm looking at a dataset known as German Credit Data, available here: https://archive.ics.uci.edu/ml/datasets/Statlog+(German+Credit+Data) According to the description... "the dataset classifies ...
3
votes
3answers
302 views

Can credit card be used as a debit card by making payments into credit card before even using it?

I am planning to use Halifax clarity credit card abroad when I travel to Europe. The credit card offers good rates while using abroad with no transaction charge or non sterling transaction charge ...
1
vote
1answer
72 views

Applying for a mortgage with multiple lendors in a 2 week period

I've just submitted an online application with a lender for a new home mortgage. I know that this lender pulls all of the 3 reports (EQ, EX, TU) and not FICO. Wondering if I shop around and also ...
3
votes
2answers
180 views

Received a call to collect on a 17 year old, charged off debt. What do I do?

I have received multiple calls from a finance company about an account balance on a credit card that was charged off in 1997 and then the company decided to ask me to pay for this account in 2012. I ...
10
votes
1answer
146 views

What to do about infrequent false credit judgement?

Over the last couple of years I have infrequently had a false credit judgement held against me. Over a year ago I attempted to get a Car loan through a bank and they wouldn not give me the loan due ...
12
votes
3answers
3k views

Am I using my credit card wrong?

For the last five years I've had a baby Visa card ($500 limit) that I've paid off religiously; I haven't paid a cent of interest and I plan to keep it that way. To build credit (and to get a cash ...
2
votes
0answers
142 views

How often do I get an auto credit limit increase? [closed]

This question has always crossed my mind since my credit limit increases have been very sporadic. I have never asked for a credit limit increase but I always end up getting one somehow and I wonder ...
4
votes
2answers
172 views

Is it impossible to get a home loan with a poor credit history after a divorce?

I am a very recently divorced single mom. I own my small farm which we cannot live at due to my ex-husband's continued harassment. I have the farm for sale but so far all interested parties want/need ...
2
votes
1answer
114 views

How much will 3 hard inquiries effect my credit score?

I recently started to build credit, I applied for a CapitalOne card and got approved, about a month earlier I saw the option for Bill-me-Later on eBay, so I had checked if I was eligible, but I ...
3
votes
2answers
142 views

Old Cancelled Cards

I was living abroad during the credit crisis, and a few of my credit cards were cancelled for non-use during the crunch to tighten credit. As a result, I have one older account and several newer ...
0
votes
3answers
226 views

Why is salary a credit if money comes in?

I am new to keeping accounts. Today I learned that debit is what comes in credit what goes out Then how can we say that salary gets credited when the money comes in?
-1
votes
1answer
100 views

Getting new credit card during home loan application

I'll start by saying I know I made a really bone headed move. In excitement for our new home, I bought a new lawn mower and signed up for the store credit card to save 10%. We are still in ...
2
votes
1answer
230 views

How to use credit card (Barclaycard UK) merely to build the credit history? [duplicate]

My aim is to buy house in three years time So I started searching for the ways I can get mortgage for the house. I found out that I need good credit score to get mortgage along with other things such ...
0
votes
0answers
24 views

What loan options are there for minors? [duplicate]

I'm not yet 18, but I have been studying business for quite a while, paper trading, investments, etc. at this point, I'd like to try my hand at building some credit and making some money, but I am ...
7
votes
2answers
2k views

I am under 18 years old, in the US, my parents have terrible credit, how can I take out a loan?

I am under 18, currently shopping for a car. Like many people, I don't have enough money sitting in my bank account to purchase a good car, around $6,000 to $10,000. However, credit checks have ...
7
votes
2answers
326 views

How can I take out a loan to repay my parents for school debt?

Background I am in the US. I got into a great school for undergrad that was expensive. My parents hadn't prepared for this and borrowed against their home equity to help pay for it. The amount of ...
-1
votes
1answer
142 views

few question about debit credit and liabilities [closed]

i have few question about accounting terms, please help me to figure it out these term and debit and credit flow to our company account. 1) i sold 500$ cost products on account, buyer will pay me in ...
7
votes
3answers
157 views

Do Credit card companies only process your transactions or pay for them?

Or do they actually pay for your transactions using money they've borrowed from the issuing bank ? ie, is the bank lending the credit card holder the money or is the bank lending money to the credit ...
11
votes
2answers
1k views

How bad is it to have a lot of credit available but not used?

I had a very financially astute reason for getting my first credit card: it was freshman orientation day at college, and one of the banks was giving away free t-shirts to new credit card customers. ...
4
votes
3answers
321 views

I am turning 18 and I am a Student, I need strategies on building great credit soon. Where should I start?

I am High School student in the top ten percentile and I am turning 18 in a few months. I need strategies on how to build and maintain a great credit score quickly. I have had the same job for over a ...
3
votes
1answer
236 views

Does being added as an authorized user help credit score?

My wife and I both filed bankruptcy 15 months ago, and are slowly getting our credit back. We both got a credit card from Capital One. Does adding each other to the other's card as an authorized ...