Questions tagged [credit]
for questions that relate to all forms of credit.
446
questions
1
vote
1answer
167 views
Am I less likely to get approved for credit during the COVID-19 pandemic?
I've been thinking about applying for a new credit card or two, as I've been building up credit for awhile and basically all my hard pulls have fallen off of my credit report.
Given that COVID-19 is ...
0
votes
0answers
27 views
Credit score based on mortgage loan
My credit score reflects the ratio of balance to my credit limit too high on my one active credit card and proportion of loan balance to loan amount too high on my mortgage. As stated I only have one ...
1
vote
1answer
81 views
When do credit downgrades usually take place? [closed]
Do credit downgrades most often occur during earnings season? or are they uniform over the year?
0
votes
3answers
418 views
Should I apply for a new credit card once the promotional rate on my current credit card expires?
I used to have an average/low credit rating (experian) because I never had any lines of credit. I got a Barclaycard on a promotional offer, so for a year they have not charged me any interest for ...
13
votes
5answers
10k views
Pay off Credit Card Debt now or later
I recently paid a non-refundable housing deposit of $1,300 for summer intern housing. The company I am going to work at this summer has outlined in my contract that I will receive $2,500 to cover ...
4
votes
1answer
116 views
Authorized user on parents credit card, will it affect credit?
My sister just applied for a credit card and got denied. Shes never had a loan, always paid her current credit card in full every month, and should have essentially perfect credit (though maybe not ...
0
votes
2answers
226 views
Paid for motorcycle via credit card, NO dealer documents signed yet and bike has NOT been delivered yet, can i back out?
I want to back out of a purchase of a small motorcycle, but I'm not sure how to proceed.
We processed my credit card info to cover the purchase price and taxes on the vehicle 39 hours ago, and now I'...
1
vote
1answer
221 views
Am I causing any problems for myself by having no records of owning or leasing a residence?
Nothing prompted this question other than wandering curiosity.
We know that it is possible to suffer a poor credit score due to a thin credit history and lack of variety of credit.
Is it ...
2
votes
3answers
336 views
What is the difference between a loan and credit?
From other sites I’ve gathered that loans are for long term purposes (12-48 months) with lower rates of interest, while credit is mainly to meet monthly purchases with higher (monthly) rates of ...
1
vote
1answer
83 views
Credit Card Billing Cycle
I am considering getting the QuikTrip credit card offered by First Bankcard. After the credit card application is approved, when does the billing cycle begin? I have contacted First Bankcard's ...
2
votes
2answers
87 views
Credit bureau - Credit freeze vs Fraud Alert
I suspect my passport information along with other personal information was leaked on a website. I have already setup Credit Freeze, would Fraud Alert be also necessary? What are the benefits and ...
2
votes
1answer
266 views
Is selling tradelines safe?
I recently learned about selling tradelines. As far as I understand it users with credit cards with long credit histories and large limits sell authorized user positions to people looking to improve ...
23
votes
5answers
14k views
Sugar daddy wants me to apply for a credit card so he can link me to his company account. Suspicious or am I being paranoid? [duplicate]
So basically, I was really desperate when I met this guy. I'm 18. He says he's in Canada right now, and will be back on the 23rd. When he isn't talking about money, he's been really upfront, honest, ...
3
votes
2answers
424 views
How can I regain my credit history after having legally changed my name?
In 2015, I opened a CreditKarma account to monitor my credit even though I had no credit history at the time.
In 2017, I successfully applied for a secured credit card with a low credit limit based ...
4
votes
2answers
170 views
How can checking credit to open a new account have no impact on your credit score?
The advice I've typically seen is more like this advice
“Hard inquiries,” also called “hard pulls,” are the kind that can cost you points. They happen when someone pulls your credit for the purpose ...
1
vote
1answer
129 views
18 year old building credit
I'm 18 and currently my credit score was 524, only because theres an overdue bill of $500 from when I was a minor in my derogatory marks. I have disputed it through credit karma for Tranunion and it ...
3
votes
1answer
126 views
Can an individual report data to a credit bureau
What process do credit card companies and financial institutions go through to have the ability to report payments to credit bureaus?
Ex.
I have money I want to loan to someone.
I run a credit ...
1
vote
2answers
210 views
Is it safe to give credit card first 6 numbers+ last 4 over email? [duplicate]
A company that I had previously had a subscription with and cancelled continues to charge me, so I contact their support team and they say that their system shows me to be cancelled. They have asked ...
2
votes
1answer
187 views
Will Freezing My Credit Score Help Me Hide My Current Address?
I grew up in an abusive household and don't speak to my parents.
Recently they found out where I live - very far away from them - and showed up unannounced at my door.
I understand my credit report ...
1
vote
1answer
206 views
Buying a house with credit line and getting a mortgage later
We are considering buying a house for about $150-160 thousand.
We recently moved, and my wife has been on maternity leave benefits for a year now. So, proof of income is basically non-existent.
We ...
3
votes
3answers
248 views
is high credit score an asset? [duplicate]
A quick definition of asset is
a useful or valuable thing, person, or quality.
Can a high credit score be thought as an asset ?
I am not asking what can I do with my credit score, I am simply asking,...
-1
votes
1answer
191 views
How soon can I close Amazon rewards credit card after opening?
I got the card today for the $70 sign up 'Gift Card', only have 2 other credit cards with $5,000+ limits with $0 balance on both and want to know when I can close the Amazon account. I only spent ....
28
votes
5answers
7k views
What can I actually do with a high credit score?
I recently checked my credit score via two of my credit card providers. It seems to be hovering between 790 and 815. One service brands the score it provides as a FICO score and the other specifically ...
1
vote
1answer
163 views
"Discover® Identity Alerts (is there a downside to this free service)
I got the offer today. Other companies have made similar offers. Is there a downside to this kind of thing? Are they getting some sort of access that they will somehow market some junk to me?
Here's ...
33
votes
5answers
22k views
Is it appropriate for a prospective landlord to ask me for my credit report?
Context
I'm looking at renting a house.
The application the realtor sent me specifies:
Below is what is needed to submit an application on [Address]
and a few lines below specifies:
Credit ...
0
votes
1answer
109 views
When does credit card utilization matter?
I'm learning more about credit before I get a credit card, and I read that it's advised to never use more than 30% of your credit card's limit.
Let's say someone has a $2000 credit line and he spends ...
2
votes
2answers
199 views
What should I expect when applying for credit?
EDIT: It has been suggested that this question is a duplicate of Personal loan while unemployed?. In fact it is not a duplicate of that question, because I'm not asking about getting a personal loan ...
1
vote
2answers
120 views
Accounting for VAT (and expenditure) on credit purchase
I'm VAT-registered. Suppose I buy something related to the business on credit (3% for 24 months) for £3000 (£2,500 ex-VAT plus £500 VAT). (These amounts are totally made up.) The payments are £128.94/...
4
votes
1answer
379 views
Bad credit, 50k cash, how do I buy a house?
Due to a personal circumstance, I was unable to pay my bills for about 6 months and it took my credit score from a 720 to 520 (repo, charge-offs, and collections). I now have about 50k in the bank, ...
2
votes
3answers
279 views
Can you build credit history without getting a credit cards or taking on debt?
As far as I know I have no credit history as I have never had a loan or credit card. I buy things using a debit card tied to my credit union bank account and prefer not to have a credit card at all. I ...
2
votes
2answers
183 views
if I/some credit card keep applying how low the score can get
This seems a hypothetical question. Suppose a person has a already low credit score( I suppose it can not be less than 300) .
Question1: And if that person apply for 2 different credit cards at ...
0
votes
4answers
194 views
received a credit to the card used to purchase a trip —how do I access that amount into my own checking account
I received a credit to a credit card account I used to purchase a airline ticket. Trip was cancelled and the refund went into that credit card account and there is a zero balance, but a $560 credit ...
2
votes
0answers
93 views
Zelle accidentally sent me a “transaction credit”
The amount is the same that is deposited into my account for my full time job so I contacted my employers already as well. Now sure if Zelle can take the money back?
1
vote
1answer
113 views
Inappropriate credit report hard inquries
I'm an international student in the US. Three weeks ago I decided to buy a used car. I found a great option at an official manufacturer dealership. I wanted to buy it fully for cash. After a little ...
0
votes
2answers
148 views
checking credit report for disabled adult child
I am the legal guardian of my disabled 26 year old son. I want to check his credit report to make sure noone is using his identity. how can I do this?
3
votes
2answers
174 views
Negotiating with a collections agency to remove a valid, small debt from credit report
I just found out that my wife had a debt from a doctor related to our recent pregnancy go to collections. I found out because credit monitoring picked it up - I haven't heard from a collections ...
6
votes
6answers
1k views
Importance of Building Credit Score?
For some background, I am in my early 20's about to graduate college. I have steady full-time employment that allows me to live within my means while building my savings. Right now, an emergency fund ...
24
votes
8answers
10k views
Asking bank to reduce APR instead of increasing credit limit
My credit card just notified me that they raised my credit limit (unsolicited). This would do well to my utilization and thus improve my credit scores overall. However, my overall utilization across ...
-1
votes
5answers
229 views
Getting an auto credit history without buying a car
I’ve graduated college and got myself a pretty solid engineering job. And think it’s time for a new car.
I’m looking at some of the nicer cars in the $100k range.
The problem is I’ve never had a ...
1
vote
0answers
29 views
Do I need to file taxes or can I file taxes educational credit refund purpose with 1098T?
I did not work at all but I received a 1098T for my online school. The 1098T has $12,070.04 on box 1 and $2,529.53 on box 5. I will like to know if I should file taxes with the 1098T only to get ...
2
votes
1answer
118 views
Are there any particular ways to use a secured credit card best? [duplicate]
I am using a secured credit card to build back my credit.
Is there a particularly good way to do this? I know that a secured credit card will allow me to increase my credit score.
But I'm not sure ...
1
vote
2answers
137 views
Impact on credit score of opening and closing accounts
I'm planning on buying a house sometime in the Winter of 2020 to spring 2021.
Currently, my credit score is about 770 and I have the following open credit lines:
A 2.5 year old $25,000 Prosper loan ...
-1
votes
1answer
2k views
Credit card debt someone want to pay off for me
I am in credit card debt approximately $20,000. I am on a fixed income there is no way I can pay the payments. I recently met someone on a dating site. We have been talking for three weeks. She claims ...
5
votes
1answer
768 views
Should I take advantage of “interest-free” credit when buying something? [duplicate]
If I buy something like a smartphone or a new PC, when you have these choice:
Pay all the cost at the moment.
Pay it in 6/12/18 months (with loan but without any interest rate and any extra cost).
...
5
votes
3answers
547 views
Mortgage Pre-approval / Loan - Apply Alone or with Fiancée?
My fiancee and I are interested in buying our first house and are beginning to go through the process. We'd like to put 20% down to avoid PMI and are thinking ideally a 20-year mortgage. Between my ...
1
vote
4answers
363 views
Family of 4 (1 adult, 3 kids) dealing with eviction. How to find a new place to live?
About 4 years ago I was evicted from our apartment in California. I have been staying with family but this is no longer an option. I have been trying to get a place for us but keep getting denied due ...
1
vote
2answers
479 views
Which one is better: Paying a non-refundable deposit of $175 vs a refundable deposit of $1330
The apartment community has given me two options based on the credit risk. I need to pay them a refundable deposit of $1330/- at the time of move-in. It is completely refundable at the time of move-...
2
votes
1answer
86 views
When should an immigrant to the US be able to freeze their credit?
I know someone who's been in the US for about three years. He came legally and is in the process of becoming a citizen. He has a bank account, a shared checking account with a family member, but no ...
1
vote
3answers
242 views
Large credit score drop
I use Mogo to review my credit score every month.
I just moved to Canada so it took a while to even kickstart my rating, however, Mogos history shows.
Dec (2 months after I got my credit card) - ...
0
votes
1answer
140 views
Do I have too much available credit?
For some background, I'm a recent graduate doing mostly freelance work while teaching English on the side in France. My freelance work grosses me about $25,000/year, and my job in France is about $8,...
