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What are the best and worst uses for owning and using credit cards?
Wiki User
∙ 10y ago
Plus - you don't need to save for those 'essential' things you want.
Minus - you're charged interest on any outstanding balance each month.
Wiki User
∙ 10y ago
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What are some of the worst credit cards out there?
There are several categories for worst credit cards. The worst retail credit card is said to be Macy's. They charge card comes with a 23.99% interest rate. Mastercard has numerous cards that will charge over over 19% in interest, regardless of the prime rate.
How can you get the best mortgage rates?
Have pristine credit. The better your credit history is, the lower your mortgage rate will be. The worst things you can do to your credit, in the eyes of a mortgage company: 1) Not pay your bills. This is absolutely the worst thing. 2) Not use credit at all. If you never use credit, the mortgage company can't determine how you act when you do. 3) Not carry a balance. If you get a credit card, make small purchases and always pay them in full at the end of the month, mortgage companies consider that not using credit. 4) Having way too much available credit. If you have many credit cards, the mortgage company will assume you might actually use all that credit. If you DO use it all, you won't be able to pay your house payment.
What is the worst thing about bad credit mortgage?
The worst thing about a bad credit mortgage is the price you have to pay. You get a worse rate and have to pay more for longer than if you have a good credit mortgage.
What are the ranges for credit scores?
The range of the credit or "FICO" score is from 300-850. 300 would be the worst and 850 being the best.
Is a co-signer's credit better than the credit of the person listed 1st on the loan?
Lenders look at the middle credit score of the person with the worst credit score and not the person with good credit. You can get a free credit report from www.freecreditreport.com every 12 months from all 3 credit agencies. Look for any duplicate or erroneous items on your credit report and dispute them.
What are some of the worst credit cards out there?
There are several categories for worst credit cards. The worst retail credit card is said to be Macy's. They charge card comes with a 23.99% interest rate. Mastercard has numerous cards that will charge over over 19% in interest, regardless of the prime rate.
Why is poker hand 2 5 the worst hand in Texas poker?
Actually, 2 7 unsuited is called the worst starting hand, or hole cards in Texas Holdem poker because it is the two lowest ranking cards that cannot make a straight or flush using both cards.
What state has the worst credit rating?
Illinois has the worst credit rating in the Uninted State of America!
How can you get the best mortgage rates?
Have pristine credit. The better your credit history is, the lower your mortgage rate will be. The worst things you can do to your credit, in the eyes of a mortgage company: 1) Not pay your bills. This is absolutely the worst thing. 2) Not use credit at all. If you never use credit, the mortgage company can't determine how you act when you do. 3) Not carry a balance. If you get a credit card, make small purchases and always pay them in full at the end of the month, mortgage companies consider that not using credit. 4) Having way too much available credit. If you have many credit cards, the mortgage company will assume you might actually use all that credit. If you DO use it all, you won't be able to pay your house payment.
What is the worst thing about bad credit mortgage?
The worst thing about a bad credit mortgage is the price you have to pay. You get a worse rate and have to pay more for longer than if you have a good credit mortgage.
Will a repossession affect your credit?
Yes, it's one of the worst things that you can do to your credit.
What is the worst moshi monsters tradeing cards?
it is kissy
How do you fix a broken blackberry 9300 trackpad?
from owning a blackberry 9300 in the past i would say it has the worst trackpad!
How will a forEcloser effect my credit?
Its probably the worst individual thing in A credit report, Depending on how your credit is otherwise, It may or may not be devistating.
Can you get deadly 60 cards at Martins?
no martins is the worst shop in the world
What are the 2 worst cards in poker?
In Hold'em, there is a debate on which hand preflop is the worst between 7-2 unsuited and 3-2 unsuited.
What is financial credit?
A financial 'credit crunch' is when there have to be budget deficits and contingency plans in place (should there be a worst case scenario)
