Credit - March 2007

Why is it that when you close a credit card account it reflects negatively against your credit rating? Wouldn’t leaving it open with a zero balance be more of a credit risk, seeing that the card/account can still be used at any time possibly quickly altering your income to debt ratio?

2007-03-07 18:49:25 · 5 answers · asked by Anonymous

I'm in my last year of college and I have about $920 in credit card debt. Some people have told me that's not a lot, but I still always feel like it's hanging over my head. I'm hoping to pay it off pretty quickly when I graduate and get a full time job. Does that seem like a lot of debt?

2007-03-07 17:17:19 · 7 answers · asked by Grace1228 3

I wet to cout today on my devorce and strang enough in this case I have to pay the wife $300.00 a month till it is final, about 6 months.But the judge told wife to pay the car payment + Ins on it+ she has to kept her company heath insurece on me till the divorce is final, So she came up about $500.00 short. It just dont make sence to me but I am glad it happen that way, has this happened to anyone before???? And do you think the suppot will stop at the end of all this.

2007-03-07 17:08:54 · 2 answers · asked by dumbplum 1

I need a car after driving my 1986 toyota with no problems it finnaly went out . thing is i dont have much credit history nor do i have someone to co sign for me. Im basicly a 19 year kid living on my own and trying to make a living. I have a steady job and a "ok" income. I have credit cards only 2 but only have had them for months always paid the full balance. Im just wondering if anyplace would let me take out a auto loan with my limited credit?

2007-03-07 16:19:31 · 7 answers · asked by yayareaplayah 1

OK...I screwed Up and Made a BIG mistake by Financing a Car From JD Byrider....I decided that paying $10,0000 for a $4500 Car was stupid, and gave them the car back....Is there someone out there who will still give me a car loan ( I have pretty crappy credit too) Without a huge down payment, if one at all....and maybe not try to rip me off as much? Maybe CarMax?

2007-03-07 16:12:12 · 4 answers · asked by Jeremy T 1

I stupidly agreed to cosign a car loan with my then-boyfriend (Yes, big mistake. Yes I've learned). He has been paying all the payments on time, but I don't want to have any more commitments to him/this. Is there any way I can get my name off the loan? How?

Thanks.

2007-03-07 16:06:37 · 6 answers · asked by Miss Nobody 1

I have just about $5,000 in debt from credit cards, and I can't work full time because I go to school full time. I want to consolidate my bills so theres just one easy payment each month, not 10 or 11, because I can handle one. Does anyone know of any companies that help consolidate loans or credit card companies that give out high limit cards strictly to transfer balances. I'm only 19 and would never file for banctrupcy but I need to get them all organized so I don't get to far behind in late fees.

And please, no lectures on "oh well you shouldn't have used credit in the first place, you should have known this would happen." haha Yeah, I know. I'm kicking myself over it now, and I'd just appreciate some suggestions. thanks!

2007-03-07 16:00:31 · 6 answers · asked by xxxxxracheyxxxxx 2

2007-03-07 15:45:20 · 7 answers · asked by Teri C 1

irresponsible i know. I am a 20 yrold student on my own, I injured my knee had to pay for my 3rd knee surgery, and couldnt afford to keep my two credit cards current! So, its been 150 days since I have paid them, and I get a call today saying they have been signed off to litigation! so what do i do now?

2007-03-07 15:37:29 · 5 answers · asked by Ashley P 2

How long do collection accounts stay on your credit report? Even after they are paid in full?

2007-03-07 15:25:43 · 5 answers · asked by brittv83 2

On one of these posts, someone recommended that I send the collection agencies a PAY FOR DELETION letter. To do that I need to send them the letter but they make all these excuses about not having "authorization" to give me their address. Why is this?

2007-03-07 15:11:13 · 3 answers · asked by Xuxu8765548034567680 2

I just paid off a credit card debt and I was wondering if it is better for my credit score to keep the card open and have a $0 balance on it, or to close it? Thanks in advance for any help.

2007-03-07 14:54:35 · 5 answers · asked by Scarlet 2

2007-03-07 14:51:34 · 7 answers · asked by Zissou 1

2007-03-07 14:51:03 · 5 answers · asked by its2mingle77 1

I have 2 positive reports, revolving credit, on my record. How long until I see a noticeable change in my credit score?>

2007-03-07 14:45:23 · 2 answers · asked by eddie9551 5

I have gathered quite a few loans in my name over the years. They problem now is that the payments are causing me some trouble. I am still maintaining A1 on my payment history but I would like to consolidate all the loans into 1 big payment. the debt consolidators that I spoke with said that I didn't have enough debt to help me. (My debt is 15,000) I tried to get a large enough loan to pay out the rest of them but they said i had too many loans already and that if i didn't, they would give me the loan. Can anyone tell me what I should do?

2007-03-07 14:43:49 · 9 answers · asked by precious 1

Can the collection agency do something against me to recover 6000, initially was 9000 i been paying a 100 dollars a month, BUT YOU KNOW WHAT?? i got tire of paying, please help, should i keep paying them??

2007-03-07 14:18:37 · 6 answers · asked by sclbravo 2

I called credit card co because I couldnt give pymnt on time.plus when I saw statement they had raised my APR because they said I had been late once before!..NOTE: I have had this card for 21 years and had been giving my payments on time...until now...I was surfing the net and found out alot of cr card companies are doing the same. ..but the govt is already going to pressure them to stop charging too much interest! They said they could "freeze" my cr card acct. where my interest would stop accruing? Anybody heard about this?

2007-03-07 14:17:18 · 4 answers · asked by Sam C 1

After my 341 hearing the trustee informed me that I am over the limit of income to qualify. He is including my car allowance as part of my gross income while my attorney, who I paid $2,600 to, told me that they would not include this as part of the income calculation. So, I would rather negotiate with my debtors and keep my car, cash, etc...than give it to the trustee. Can I retract my Chapter 13 filing now?

2007-03-07 13:28:11 · 4 answers · asked by littleroller1150 1

actually, i want to buy something from outside my country. What extra charges i hav to pay if the cost of electronic item is around Rs. 600 only. how can i transct the money without having any credit card however i hav a debit card...? plz help me...

2007-03-07 13:12:40 · 4 answers · asked by ARVIND Goyal 2

Did they accuse you of having a "late" payment--but you sent the bill a week early--and subsequently raised your interest rate?

2007-03-07 13:02:13 · 1 answers · asked by smp1969 3

what can a card company do to you.I want everyone to know that I am not trying to get out of paying my bills but my house payment is more important and my work has went down and I have 3 kids

2007-03-07 12:35:43 · 0 answers · asked by baby girl 26 2

2007-03-07 12:28:04 · 2 answers · asked by Debbie 2

when everytime i applied in the past i didnt score enough points. Any ideas?x

2007-03-07 12:20:25 · 7 answers · asked by Anonymous

I'm just wondering what the differnce is cause i seen it on my statement.Per. rate is 1.17 and corr. ARP is 14.15 is that good or bad?

2007-03-07 12:18:05 · 1 answers · asked by Scott F 1

2007-03-07 12:11:53 · 6 answers · asked by Patrice 1

2007-03-07 11:39:29 · 2 answers · asked by 1 Dimple 1

Know any companies that would give me a loan?

2007-03-07 10:58:36 · 3 answers · asked by Almond_Joy82 2

Someone charged up my cell phone bill 5 years ago and att wireless was unwilling to work with me on it, so i didnt pay. They keep throwing out new threats. I thought the matter was recently resolved when they told me they were going to close it and do that thing where you have to file it as income on your income taxes. Now they say they are going to small claims....................

2007-03-07 10:58:33 · 6 answers · asked by krysmaslily 2

2007-03-07 10:41:28 · 7 answers · asked by bluecolor 1