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How can you improve your credit if you're 20 and have 2 store credit cards and have been late a few times?
Wiki User
∙ 18y ago
The best advice, from personal experience, would be to make sure you are on time every month and budget your income to the point where you won't miss a payment for the next 12 months. If you can ensure that you don't miss a payment for one full year, this will be very beneficial to your score and overall credit standing.
Wiki User
∙ 18y ago
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Why don't most places accept the Discover Credit Card?
Discover credit cards is not a well known brand, while master visa cards , times cards or the platinum citi cards are more accepted and known
Is credit card factoring sometimes known as credit card laundering?
Credit Card Factoring is indeed sometimes known as credit card laundering and even at times may be called money laundering. These two names mean to launder money by use of credit cards often times through businesses.
What are the drawbacks of a credit card?
Good about credit cards - Credit cards are actually some times beneficial. When you want to buy a car - some places won't let you because of your credit score. If you don't have a credit card, you don't have a credit score. Draw backs of a credit card - If you don't pay off the amount of money you charged, you will go into debt. So only use your credit card if you KNOW you can pay it back ASAP!
Will canceling your credit card hurt your credit?
Most likely it will. The credit agencies may not know whether you cancelled your account, or if it was taken away from you by the credit card company. If you are concerned about your credit score, then having 2 to 3 credit cards will generally raise your score, as it demonstrates that each credit card company believes you to be capable of paying their credit card bills. Only use those credit cards enough times a year that they will not be canceled due to non-use.
Do eBay accept credit cards?
You can use credit card to buy items on eBay by using their PayPal service.
If the credit card limit is 2000 dollars what amount should you keep on the card to improve your credit score?
use it but keep low balance, under 800-1000 at all times
Does having a large number of credit cards lost or stolen at different times affect one's credit score?
Lost/stolen card notations should not have any effect on a consumers' credit score, provided that the accounts are properly notated.
When does one have to pay their credit each month?
Most credit cards have differing payment times throughout the month. It is best to ask the company you are looking into getting a card from or your current company to ask them their deadline.
How would a business credit card benefit me with my expenses over a regular credit card?
Business credit cards are often better to use when making large purchases. Often times, you can earn points on a reward system for your frequent shopping which is why buying bulk with a company credit card can be beneficial.
How many credit cards should you apply for at one time?
Never apply for too many credit cards at one time. Every time your credit report is ran it lowers your score. Some places will look at how many time your credit report has been pulled. Any time your apply for a credit card or a loan you should give it several months before you apply again. I have good credit but because my credit report had been pulled 6 times in 2 months I got denied. That's the best info I can offer.
Should credit debit cards replace money?
Not always. There are times when it is easier to drop change into a meter than to put a debit card in a slot. Debit cards can have a fee. Debit cards can be subject to identity theft. Debit cards can be counterfeited. People who use debit cards often don't know how much they have in their account and can overspend their money and get into debt very fast. Debit cards have their place in place of money, but, there are some times when paying for items with cash and coin is the better way.
What influences your credit score?
How many accounts you have open (including car loans, school loans and obviously credit cards). Also the high balances on your accounts, late payments and outstanding payments sent over to creditors. If you apply for cards many times in a small period of time (within weeks or months) your credit score may also be affected, whether they accept or decline your request.Hope this helps!
