Assuming your asking about Credit Cards, you would probably only qualify for secured credit cards. You would need to put down a deposit equal to the credit limit on the card. If you want an unsecured credit card, one where a deposit is not required, you will have to fix your credit and improve your credit score.
A 524 is considered a low credit score. You won't be offered the best interest rates for loans with that score, and so you'll end up paying significantly more money to buy a house, car, etc. unless you raise your score.
Yes, it is possible to have a credit score even though you don't currently have any credit cards. If you have ever applied for credit of any type then you are likely to have a credit score.
Usually closing accounts will hurt your score because if you have debt on other cards, your debt to available credit ratio will rise and it can ding your credit score.
no
I have the same score. Try applying for a couple of credit cards and increasing it
A 524 is considered a low credit score. You won't be offered the best interest rates for loans with that score, and so you'll end up paying significantly more money to buy a house, car, etc. unless you raise your score.
Yes, it is possible to have a credit score even though you don't currently have any credit cards. If you have ever applied for credit of any type then you are likely to have a credit score.
All loans and credit cards have an affect on your credit score. Failure to use your credit cards responsibly will reduce your credit score and increase your interest costs.
Usually closing accounts will hurt your score because if you have debt on other cards, your debt to available credit ratio will rise and it can ding your credit score.
Credit Cards greatly impact a credit score. In fact, 30% of your credit score is determined by how well you use credit cards. (Utilization Rate). You want to keep your Utilization rate at 20% or less of the credit limit.
no
I have the same score. Try applying for a couple of credit cards and increasing it
Having the cards does not. Having large debts on them does.
You credit score will decrease significantly if you do not pay your minimum credit card payment every month. Unpaid cards will be reported as delinquent and really destroy your score.
The selection of cards you may qualify for with that score may depend on your locality, but typically secured credit cards are the most likely cards you can get. There are several unsecured cards you may qualify for with subprime terms, yet these cards might have unfavorable terms.
paying off bad credit will take about 60 days to have an effect on your credit score. But, if you don't have any credit cards you will never have a good credit score because no one is giving you credit.
Generally one does not want a low credit score. A low credit score can prevent one from obtaining credit cards, loans or mortgages. One can find their credit score at transunion.