1
vote
3answers
79 views

Might I need a credit score to rent, or for any other non-borrowing finances?

I'm moving to Canada soon, and I've read that some people use credit cards for the sole purpose of building up a credit score that they might need. Personally, I consider a system requiring this ...
3
votes
1answer
101 views

How does it influence the credit score if the credit card was used in the past, but not in present

If I own a credit card and I used it for a while (say 6 months) and after that I decided to stop using the credit card and use my debit all the time. How will this influence my credit score? Being ...
6
votes
3answers
1k views

Are there any consequences to having a negative balance on a credit card?

I have two credit cards, a VISA and a MasterCard. I primarily use my MasterCard and only use my VISA when MC isn't accepted. I went about 18 months without using my VISA (I didn't use it at all in ...
5
votes
3answers
788 views

How do “past due” utility bills affect credit rating?

I received a utility bill which is clearly in error. It claims that a previous payment is "past due", when the bill claiming this is dated before the due date on the supposedly past due payment it ...
14
votes
3answers
207 views

Aside from having to re-establish credit & credit history, what are downsides to declaring personal bankruptcy?

If someone were to file for (personal) bankruptcy protection from their creditors, is their entire debt wiped clean? And then they have seven years to wait before their credit history no longer ...