Questions tagged [credit]
for questions that relate to all forms of credit.
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I paid R3999 for registration R4,799.05 for IMF now R3,768 for C.O.T is this not a scam? They will need another money after this? [duplicate]
I apply for a loan I pay 3999 for registration after IMF of R4,799.05 now I must pay R3 768 for C.O.T and they say I will get the money back is this not a scam?
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How do I increase my credit utilization without decreasing my credit score?
I have a Discover card with a limit of around $2000 ("Discover It"), which is very low. As a result, I end up putting my biggest purchases on debit, or use an alternative form of payment (eg....
3
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1
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907
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CareCredit Co-signer Triples Credit Line, Maxes it out & tanks my score
Long story short-two years ago my dog was bitten by a copper head. My credit was not great then as I had no cards or any payment history of note. The vet bill estimate was way outside what I had so ...
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348
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Can I trust Zelle to credit my account for added charges?
I listed a dress for $300 on FB Marketplace. The buyer uses Zelle so I set up an account because D said that was the only way she sent funds. She said she sent Zelle the money. So I get an email ...
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What could prevent a bank from lending to me to buy commercial real estate?
If I want to take out loans to buy real estate with the intention of renting it to cover the interest on the loans, what are the red flags that might prevent a bank from extending a loan to me?
...
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2
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120
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What's the fastest and most cost effective way to build credit as a newly arrived immigrant with a good income?
What's the fastest and most cost effective way to build credit as a newly arrived immigrant with a good income?
Context: I'm emigrating to the US under an L1 visa and will have a good salary in a big ...
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3
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57
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Maximum credit exposure to Over the counter straddle
A trader purchases a six month over-the-counter straddle on stock A for a 1 Million premium from a counterparty. The maximum credit exposure over the life of the trade is:
1)less than 1 Million.
2)...
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532
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Why is direct deposit required for credit builder accounts?
It seems all credit builder accounts (e.g., Chime, Varo Believe) require direct deposit. Why should it make a difference on how the money is put into the account?
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Financial and/or credit risk management
A portfolio consists of two (long) assets £100 million each. The probability of default over the next year is 10% for the first asset, 20% for the second asset, and the joint probability of default is ...
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IRS says Senior is entitled to credit, but only if they receive his 2020 return
My Uncle does taxes by hand and does not use tax person.
He filed 2020 and sent check for amount $123.45, the amount he owes. iRS cashed this check few days after he mailed 2020 return (back in Apr ...
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202
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What's the difference between a soft and hard credit check?
I understand that hard credit checks negatively impact a person's credit score. Why would it work this way, because it's seen as a negative thing to be applying for credit cards too often? Even then ...
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Why didn’t my credit score fully recover after paying off a collections account?
My credit score went down 58 points due to a medical collection account that got reported.
I ended up paying the account in full and submitting a request for it to be removed from my credit report.
...
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148
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Is the holiday season an unwise time to apply for credit?
Given the rise in consumer spending during the holidays, do lenders mitigate the increased demand for credit by offering lower credit limits than usual, or having stricter criteria for approval?
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is it ok to pay off a larger transaction early BEFORE it posts or extracts it from the account?
to be on the safe side..is it ok to pay off a larger transaction early BEFORE it posts or extracts it from the account?
i have a good score and this cc is the only one that affects it. it is a ...
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108
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Is a Service Like Extra Credit or Experian Boost for Building Credit Score Worth It?
I am looking to build my credit score to have a better chance of qualifying for a home loan. I've seen a few credit building tools out there but am wondering if anyone has used Experian Boost or Extra ...
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135
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Does overpaying credit card to pay a much larger sum than your credit limit to get cashback negatively impact credit score?
I am an immigrant and the concept of credit cards is fairly new to me, I understand it enough and know that using more than 30% percent of your credit card can hamper or negatively impact my credit ...
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What are some of the factors that affect loan pricing?
In an interview for a bank, I was asked about some of the factors that could affect loan pricing.
They asked me which of the following factor should not affect loan pricing:
credit rating of sponsors;...
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What does payments/credits section on an invoice represent
I have seen several invoices with a 'payments/credits' section in the invoice totals column. It was most often a negative value subtracting from the total invoice amount. I am from Croatia and the ...
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Did a refund just give me a bonus to my credit score?
I check credit karma notifications and I got one that my credit score just went up 3 points. Funny because the only transaction I had this month so far was an accident.
I was on a free trial ...
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153
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How can Genisys afford to pay 4.07% APY on checking accounts?
They do say
“Must enroll in eStatements and use your Genisys Debit Mastercard® at least ten times per month for purchases of $5.00 or more, excluding ATMs, to earn 4.07%APY.”
And that
”Balances ...
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2
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152
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How will closing my credit card affect my credit?
When I was a teen, my mom opened a credit card with Capital One and added me as an authorized user. I used this credit card for pretty much everything, but when I went to get a loan for a home years ...
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138
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Can I use my brokerage accounts and trading as my job evidence?
I live in the US and have some brokerage accounts and I have income from trading online. I also don't have another job. Can I use my income and trading history when I want to apply for a loan or ...
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How does Credit Karma have access to my information
How does credit karma get access to my information? When I sign up and give them my personal details, whom do they get my credit info from (such as open credit cards, credit scores,etc.)?
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Mom made me cosign a car with her because her credit is bad and now the account has gotten charged off
My mom made me co-sign a car with her when I was young because her credit was bad and she really needed a car. She stopped paying for the car and now it has been charged off. I am worried about not ...
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3
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I pay off my balances every month, never late, but my credit score is not going up-any advice?
I have never been late with a payment. Using my credit cards mthly and paying off the balances every month. However, my score has not gone up in more than two years. I am over forty and own a home.
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4
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266
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Is the 30% of credit rule per month?
I have heard that it is best for your credit to use under 30% of the credit available to you. Does this mean per month or at a time?
The difference:
A. Per month = For a $2,500 credit limit in total ...
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2
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216
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Wrong last name on my credit card
I just ordered a Credit card and it has my former last name on it instead of my new last name. Can I still use it or do I have to get a new one?
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Investment with Valuation and Credit Line with 10% Equity
Before I ask my question, I would like to tell that I am not from a Business background and therefore this might sound like a stupid question to most.
Recently, I watched a film based on Steve Jobs ...
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Which is worse for credit score: Bank closure for inactivity, or consumer closure, of a credit card?
Even if a zero-balance credit card is not used, the account age and available credit limit help a person's credit score.
If the person decides they no longer wish to use the card (e.g. due to a ...
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AMEX made my dad wait 77 minutes to approve his credit card purchase [closed]
I would like to help out my dad. I apologize since I have no idea about credit cards.
So my dad has lots of money, no financial problems whatsoever. He has an AMEX credit card with no pre-set spending ...
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Can a retailer charge me sales tax after being charged?
I made a large online purchase at a large retailer and I noticed sales tax was not charged when checking out. When I checked my email confirmation, tax also said $0.
A few hours later, their customer ...
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How badly will my credit score be affected if I don't pay back a small margin debt?
I recently started trading stocks and was trading on ameritrade. I went in with just a little money to play around with and try and learn about it, but I forgot to turn off margin trading apparently.
...
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What formula would I use to calculate the percent of an APR if I knew the payment, principal, and interest?
I'm writing a blog article about potential scenarios in which I might lend someone money and explain how interests work. In my example, I am lending someone $400 and agreed to pay back $100. With no ...
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Best possible outcome from paying a charged-off account
I had an auto loan from 2011. All but about 1,800 USD was paid off. Various financial challenges and a dose of me sticking my head firmly in the sand led to the account being charged off. I handled ...
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Paid off $5,000 credit card 7 weeks ago but the money never came out of my checking account
I paid off my credit card that had a balance of over $5,000. I sent a one time payment for the total amount, about $5,100 to be exact and my credit card company received the payment and reflected it ...
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Paying more than your monthly credit card balance?
When is it a good idea to pay more than your monthly credit card balance? When does that help, when is that not worth doing / doesn't do anything? Why is that a good idea? Does that help your credit ...
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What prevents a person from paying one credit card bill with another credit card (indefinitely)?
Let's assume that I have two credit cards and get a massive bill for the first one. When I need to pay it, I just use the second card. When the bill for the second one comes, I use the first. I can ...
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Open many credit cards while I am young?
I just turned 19 years old and want to start planning for a future of good credit. Should I open many credit cards now so that in 10 years I will have a good history with many agencies, or is it ...
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Does mobile phone account negatively affect credit score?
I generally try and keep my credit utilization on my credit cards as low as possible, by having a high limit, and making payments frequently to keep the balance low.
I was looking on my Equifax ...
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3
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Will linking SSN with checking account help build up credit score?
Background:
I’m an international student who is currently on F1 OPT.
I only have a checking account with a debit card at USbank. I use the debit card very often with no overdraft history.
I just ...
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Creditworthiness of counterparty
Based on historical evidence, a B-rated counter party is approximately 16 times more likely to default over a 1-year time period than a BBB-rated counter party. Over a 10-year time period, a B-rated ...
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315
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Car Dealership says I have no credit history, but I do?
My fiance and I went to Chrysler Dodge Jeep dealership to lease a car, nothing fancy just a Jeep under 30k. During an appointment we were told that I have absolutely no credit history, which is very ...
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Credit-default swaps
Can someone explain in laymen terms what exactly are credit-default swaps? And how do hedge funds made a killing on them during the market crash in March?
(I am assuming these are debts that parties ...
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430
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Can Having Less Debt Lower Your Credit Score?
Background:
In preparation to buy my first house I've started keeping an eye on my (Experian FICO) credit score, and I've been seeing behavior that is very strange. After a year of my credit score ...
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Calculate liquid net worth
I look at the definition and I understand the idea and concept of liquidity: It's how much cash you can pay and cover more or less immediately. I have x dollars in stocks and savings which can be ...
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Bond price in crises
How do bond prices fall in a crisis as of course credit spreads will go up generally but also interest rates plummet meaning surely the bond price rises at the same time?
Does this effect cancel out ...
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295
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How exactly does paying your credit card balance in full increase your credit score?
Does anyone know how a credit score increase is calculated based on paying off credit card balance(s)?
In addition, is it cumulative balance or just the balance at the end of a billing term?
For ...
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If I get a credit card that will give me a higher credit limit if I make on-time payments, will it carry over if there is no balance?
So, I got a card, and let's say I was approved for $300, but the creditor promised to increase it to an actual credit line if I made five on-time payments starting in April.
So, I make a few payments, ...
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Where can I see at what price a company's debt is trading at?
I was reading Barron's today and came across the below quote -
Hertz’s debt somewhere in the range of 30-40 cents on the dollar. If
the stock actually were worth something, the debt ought to ...
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4
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1k
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Credit score dropped 73 points after applying for a new card?
Why did my credit score drop from a 762 to a 689?
According to creditkarma I got hit with:
JPMCB-Card Service: Opening a new account can temporarily lower your score because it adds a hard inquiry ...
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