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How do you get a personel loan with bad credit rating and credit card defaluts?
Wiki User
∙ 15y ago
You probably don't, but you may have some luck with private party lenders or other non-traditional sources.
Wiki User
∙ 15y ago
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Can your credit rating or score improve without using your credit card?
Yes, your credit rating is based upon all forms of credit, not just your credit card. For example if you have a telephone on a plan, this is a form of credit and that will add to your credit history which increases your credit rating.
How can one build up a credit rating?
In order to build up a credit rating one has to obtain a credit card first. Every time one uses a card, loses it, is being refused to get a card, pays a bill late the information is being gathered and turned into one's credit rating. Building up a credit rating can be done by using a 'Secured Credit Card'. One has to use the card regularly and pay off the bills monthly.
Can you get a credit card just to have the card?
Sure, but to have the card and not use it does NOT improve your credit rating. If you amass too many credit cards - even if you never use a single one of them - it decreases your credit rating because you have "too much available credit potential".
Will opening a new credit card affect your credit rating?
Yes. Any new credit account or loan will effect your rating.
What is a credit card limit?
it is the maximum amount of money you can spend on a credit card, and it is all based on your credit rating and income.
Can your credit rating or score improve without using your credit card?
Yes, your credit rating is based upon all forms of credit, not just your credit card. For example if you have a telephone on a plan, this is a form of credit and that will add to your credit history which increases your credit rating.
How can one build up a credit rating?
In order to build up a credit rating one has to obtain a credit card first. Every time one uses a card, loses it, is being refused to get a card, pays a bill late the information is being gathered and turned into one's credit rating. Building up a credit rating can be done by using a 'Secured Credit Card'. One has to use the card regularly and pay off the bills monthly.
Would closing a credit card damage my credit score?
Yes closing a credit card can damage your credit score. But as long as everything else is good it should not affect you credit rating to much. Look for tips to keep a good credit card rating.
Can you get a credit card just to have the card?
Sure, but to have the card and not use it does NOT improve your credit rating. If you amass too many credit cards - even if you never use a single one of them - it decreases your credit rating because you have "too much available credit potential".
Will opening a new credit card affect your credit rating?
Yes. Any new credit account or loan will effect your rating.
What is a credit card limit?
it is the maximum amount of money you can spend on a credit card, and it is all based on your credit rating and income.
Where are the best credit card rates in the nation?
Credit card rates are not based on geographical location,but are based on individuals credit rating. The higher the rating, the better(lower) the interest rate.
How can a teenager start building their credit rating?
As long as you pay off all your payments that you paid on your credit card your credit rating will increase.
What does creditor do when you apply for a credit card?
They check you credit rating with the 3 main credit bureaus.
What does a 0 on your credit rating mean?
It means that you do not have a credit yet.Aplly for a credit card at locally store and charge something then pay it off right awat then you will have a credit rating.
If your credit rating is excellent will cancelling a store credit card after paying it off in full in the first billing cycle affect your credit rating?
Credit scores are calculated primarily on "Credit". After closing a card............do you have "credit"? No. You HAD credit......now you don't. It certainly won't help your scores.
What is the interest rate on hsbc credit card?
The interest rates on a HSBC credit card can vary, depending on your credit rating. The rates on the HSBC credit card can range from, 11.99% - 18.99%.
