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Q: If you recently moved to America and want to start building credit what should you do?
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What should be the journal entry for purchase of building from building fund account?

1. [Debit] Building account xxxx [Credit] building fund account xxxx


How is it possible a consumer might not have a credit history?

If they have never taken out a loan, credit card, or anything else, there is no credit history. You should start building credit while in college - small credit cards and student loans are good ways.


Why should cristopher Columbus get credit for finding America insted of leif erikson?

He no longer does.


Why should someone use credit plus?

"Businesses should hire Credit Plus Inc for their credit reporting needs because this company is very reputable and has been around for a while. Also, they recently were named the preferred credit reporting company for Acadamy Mortgage Corporation, which is a very good honor."


If you've recently paid off several credit cards how long does it take for the zero balances to show up on your credit report?

Not long at all. It should show up in your next statement or the one after it.


What should be Journal entry for purchase of building from capital reserve account?

Credit your capital account, debit the freehold property account


Is 629 a bad credit score?

629 is not a bad credit score, but it is not great either. A credit score of 629 means you have a medium credit risk. You probably won't have trouble getting a loan or a credit card, but you may not get the best interest rates or terms. You should focus on building your credit history and improving your credit score by making on-time payments and keeping your debt levels low.


Does the US need to focus more on education for school children?

Really speaking, the US have achieved a lot in children's education; but what they should concentrate is to improve the moral, and character building in children. This can reduce the incidents of violence, and psycho killings etc. You remember a youth having shot a mass in a movie theater in America recently ?


Who should you call if a credit card company listed you as deceased on your credit report?

You should call the credit card company.


Two Things You Should Know About Credit Monitoring?

Credit monitoring is one of the most popular topics in existence today. Credit is a subject that should be taken seriously by all consumers. It is vital that one keeps up with his or her credit score daily. Here are two reasons why you must carefully monitor your credit score. A recent study recently revealed that sixty percent of credit files contain an inaccuracy. Credit monitoring can help you clear up any inaccuracies that may surface within your credit file. Credit monitoring can help you determine if you are ready to apply for a car or home loan. Credit monitoring can assist you in removing mistakes from your credit file. It can also help you determine if you are a qualified candidate for an automobile or home loan.


Why most Americans should not have credit cards?

Why most Americans should not have credit cards.


If you had 10 charge-offs and a score of 500 but paid them off two years ago and have carefully been building up your credit since then what should your score be now?

answer: be patient. it takes 7 years for this information to no longer be reported to the credit bureau. if you want to simulate different scenarios with your credit and how different approaches will effect your credit then go to www.myfico.com. Great service.