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If you take out a line of credit for emergencies but never use it how will this affect your credit rating?
Wiki User
∙ 8y ago
Your credit score can be impacted by available credit. Available credit being the amount of debt you could owe, if used. To use the amount, occasionally, and pay the funds back immediately will help you build a repayment history.
Wiki User
∙ 8y ago
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How do you improve your credit score to make a rating higher?
An individual's credit score can affect all aspects of life. Having a good credit score, or improving a poor score, can be accomplished by several ways, including paying off debt, never submitting late payments, and not having a high debt to income ratio. http://money.msn.com/credit-rating/9-fast-fixes-for-your-credit-scores-weston.aspx
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".
How can i have bad credit when i don't own a credit card?
Your credit rating is assessed by companies on your past history of paying back money you have borrowed. People that have never borrowed money will not have a recognised rating. As far as companies are concerned this is considered a poor risk and you may be classed as having a 'bad' credit rating.
Is hsbc a good credit card provider they are telling me they have to run my credit to get a limit increase is this normal I have had the card for 7 months never late payment never went over limit?
Banks and money lenders use credit companies to 'guess' your credit rating and your ability to repay any money advanced. If you have never taken out a loan or borrowed money your credit rating will be low. Most large companies, such as HSBC, are reputable. That does not mean you cannot get a better deal elsewhere
How do you improve your credit score to make it?
An individual's credit score can affect all aspects of life. Having a good credit scrore, or improving a poor score, can be accomplished by several ways, including paying off debt, never submitting late payments, and not having a high debt to income ratio. http://money.msn.com/credit-rating/9-fast-fixes-for-your-credit-scores-weston.aspx
Can a credit card company blemish your credit if your mail was lost and they never contacted you?
Unfortunately, yes - the company sent you notice of a payment due and you did not pay it. If you can prove the notice never received you, then you might be able to avoid late fees and a late payment notice on your credit rating.
If your spouse cosigns a loan for their child from a previous marriage will you have any personal obligation for the debt or will it affect your credit rating?
*The point is they are married and although it won't affect her credit rating if her husband is stuck with this loan it will reflect on both of them as far as possibly putting them into debt. If your spouse just cosigned then yes, they are responsible for that debt if their child decides not to pay. If the child does pay the payments then there should be no problem. Cosigning is never a good idea even if it is family because the cosigner is 100% responsible for that debt. * The non signing spouse would not be responsible for the debt nor would it affect his or her credit rating with perhaps the exception of applying for joint credit. Even if the married couple live in a community property state under such circumstances a spouse would not be responsible for the other's financial obligation that involved children of a previous marriage.
What happens if you misuse credit?
if you misuse credit then more than likely it will go on your credit score and affect you in life. One way is by buying a house or car. You would never ben able to purchase them kind of things if you misuse or credit
Is there a Tax credit for washer and dryer?
Unfortunately there is no credit for washers and dryers. There are for other appliances with an energy star rating (HVAC, insulation, solar panels, roofs) though. A bill was submitted to include washers and dryers, but was never passed.
What is the rating of the movie never been kissed?
The rating is PG-13.
Will closing a 16 year old credit card account with an excellent payment history and a 18500.00 credit limit in order to get a card with a much better interest rate affect your credit rating?
Closing a 16 year old seasoned credit card account with an excellent payment history will NEVER improve your credit. As a matter of fact, opening a new credit account will also temporarily reduce your score. If you need a lower rate, call your current credit card company and request it. It is a much better solution that can save you money on interest. The following link can show how to request a lower interest rate on your current credit card account.
How long does it take to get a settlement off of your credit report?
Depends on the particular situation. Normally figure on about 7 years before this dirty mark will get erased. This is why it is so very important to protect your credit rating - if one doesn't have the cash in the bank, then one should never charge anything on a credit card.
