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Does a person need at least six credit cards to have a secure financial future?
Wiki User
∙ 14y ago
Credit cards allow a person to go into debt and then pay interest for the "privilege" of carrying a debt. Debt doesn't create a secure financial future. A person creates a secure financial future by having a savings plan and accumulating a cash cushion that can be relied on in bad times. A person should try to accumulate enough in savings to live on for 6-12 months.
Two credit cards should be enough and should only be used if absolutely necessary. The balances should not be allowed to build up. Any balance should be paid down completely as soon as possible. Paying interest on a credit card debt is like flushing money down the toilet. On large balances you will never catch up on what you owe.
Wiki User
∙ 14y ago
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Which reputable financial institutions are willing to provide mortgages with no credit check?
Without a credit check, it will be difficult to be able to find a financial institution that will provide a mortgage for a customer because they have no basis for them to secure the loan and that the customer has the ability to pay for it.
What sort of financial institution is Capitol One?
It is a credit card company that issue secure and non-credit cards and debit cards. It has a wider acceptance and more recognizable brand than most secured credit card corporations.
What financial institutions offer a secured credit card to consumers?
Secured credit cards can be obtained at any large bank, such as Bank of America, US Bank, Wells Fargo and Capital One. You can also get a secure card from certain credit unions.
How secure is the free credit report service from Equifax?
Very secure. They go through a rigorous identification process that only the person can really answer. It's through a secured channel as well which makes it that much secure.
How does a person go about building their corporate credit?
A person goes about building their coperate credit by getting a secure credit card. only charge what you can pay off in full, pay on time every month, avoid applying for numerous accounts, check your progress, after a year apply for an unsecure credit car.
Which reputable financial institutions are willing to provide mortgages with no credit check?
Without a credit check, it will be difficult to be able to find a financial institution that will provide a mortgage for a customer because they have no basis for them to secure the loan and that the customer has the ability to pay for it.
Does bryden financial give bad credit personal loans?
No unfortunately but they do offer help with getting a Home Trust Secure Visa which will rebuild your credit an make you more eligible for a personal loan.
Why was the Hensen's selling their land?
The Hensen family decided to sell their land due to financial difficulties and the increasing cost of maintenance. They needed the money from the sale to cover debts and secure their financial future.
What sort of financial institution is Capitol One?
It is a credit card company that issue secure and non-credit cards and debit cards. It has a wider acceptance and more recognizable brand than most secured credit card corporations.
What has the author Pedro B Franco written?
Pedro B Franco is known for his writings on financial planning and retirement. He has authored books such as "Retire Rich: Smart Financial Strategies for a Secure Future" and "The Wall Street Journal Guide to Planning Your Financial Future."
What are common electronic banking services?
Allows customers to do financial transactions on a secure website operated by their online virtual bank, credit union or building society.
What financial institutions offer a secured credit card to consumers?
Secured credit cards can be obtained at any large bank, such as Bank of America, US Bank, Wells Fargo and Capital One. You can also get a secure card from certain credit unions.
Is purchasing with a credit card more secure then purchasing with a debit card?
Purchasing with a Debit Card can be considered more secure. If you use the PIN function, it can be very secure. Most establishments dont ask for proper identification when buying with credit. Keep in mind that MOST debit cards also contain a credit function. Most credit cards and debit cards are protected by fraud from the financial institution that issues the card. In this day and age, the money can be re-deposited into your account.
How secure is the free credit report service from Equifax?
Very secure. They go through a rigorous identification process that only the person can really answer. It's through a secured channel as well which makes it that much secure.
Why did mr jamison want to back the peoples credit?
He wanted to help against the boycott.
Secure Your Child's Future By Saving For Education?
In today's job market, many careers mandate a college education of at least four years. As college costs rise annually, the student's family faces increased financial pressure. Saving for your child's education makes financial sense and helps to secure their future. Talk with a financial planner to determine how much to save. With a goal, your family can now begin saving. Solicit grandparents by requesting monetary gifts instead of toys. Match any employment earnings your child agrees to save. Work together to reach your goal to financially secure your child's educational future.
How do you get an outstanding judgment placed on someone's credit report?
To get an outstanding judgment placed on someone's credit report, you would need to first obtain a court judgment against the individual and then typically file a separate request with the credit bureaus to have it added to their credit report. This can negatively impact their credit score and make it more difficult for them to secure loans or credit in the future.
