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It probably would not be looked upon in a positive light. It would be the decision of the lender to accept this type of payment.
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∙ 8y ago
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Can you close your credit card account and continue to make payments?
No, what usaully takes place is that the credit card company freeze your credit card account and you continue to make payments
What is it called when you pay off your credit cards monthly?
If you are referring to the monthly payments you make for a certain period in connection to a credit card loan, it is called monthly amortization.
What is the easiest way to get credit?
Join a Credit Union and either get a car loan or apply for what is called a Starter Card and make several purchases on that credit card.In either case always make your payments on time.Before you know it you will have many new credit card applications in the mail.
What makes loan companies hesitant to offer a loan to individuals with bad credit?
Loan companies are generally hesitant to offer loans to individuals with bad credit because people with bad credit usually make late payments if they make payments at all. If one wants a loan one should prove themselves with good credit.
If someone wants to get an apartment but has no credit what can they do to establish credit besides getting a loan?
i was told get a student credit card, or get a secured card where u send them an amount of money ($500) and they send you a card, then u spend the card and make payments, its your money so its secured by you. best way ive heard.
You dont have a credit card you don't plan to have one How can you build up credit without one?
You can build up credit thru a car loan if you make your payments.
Can you close your credit card account and continue to make payments?
No, what usaully takes place is that the credit card company freeze your credit card account and you continue to make payments
Where can one buy credit from?
You don't typically buy credit. Credit is something that is given to you when you apply for a loan or credit card. Your credit score depends on how much credit you have and whether you make your payments on time.
Is opening up a bank account a good way of establishing credit?
Simply opening a bank account won't improve your credit, however if you take out a loan, and make payments on time, or if you have a credit card with them and make monthly payments on time that will help build your credit.
What is it called when you pay off your credit cards monthly?
If you are referring to the monthly payments you make for a certain period in connection to a credit card loan, it is called monthly amortization.
What is the easiest way to get credit?
Join a Credit Union and either get a car loan or apply for what is called a Starter Card and make several purchases on that credit card.In either case always make your payments on time.Before you know it you will have many new credit card applications in the mail.
How does one establish their own credit?
Take out a loan, make the payments.
How can you stay away from getting bad credit?
Live within your means. The simple rule is don't buy more than you can pay for. If you take out a loan, and a credit card can be a type of loan, make sure all your payments are made on time. If you pay off the credit card every month, you will develop a good credit rating.
What makes loan companies hesitant to offer a loan to individuals with bad credit?
Loan companies are generally hesitant to offer loans to individuals with bad credit because people with bad credit usually make late payments if they make payments at all. If one wants a loan one should prove themselves with good credit.
If someone wants to get an apartment but has no credit what can they do to establish credit besides getting a loan?
i was told get a student credit card, or get a secured card where u send them an amount of money ($500) and they send you a card, then u spend the card and make payments, its your money so its secured by you. best way ive heard.
If a parent cosigns on a car loan with hisher child and the child does not make payments can the stepparent be held responsible or have their credit rating impacted if the payments are not made?
The cosigner is responsible for the loan and payments if the signer does not pay or keep up the payments. Your credit rating can be affected.
You recently took out a used vehicle loan and have not began to make payments will this affect your probability of getting a credit card?
No, it shouldn't unless your debt to income ratio is affected or having a good credit score.
