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How many revolving credit lines do you need to have to help boost your credit score vs paying off old debt in collections?

3


Do credit card machines need phone lines?

In the beginning, yes they needed phone lines. These days I believe you can also do credit transactions using DSL, Cable and Satellite.


Do you need to have squeeky clean credit to buy a house?

Yes.


Why do i need great credit?

If you want to buy a car or house you need good credit. Some employers run a credit check to determine if you are responsible. Insurance companies run a credit check for you to get insurance.


Do you need good credit to buy a house?

Yes, in order to obtain a mortgage you will be required to have a good credit record.


I need a house loan, but how can I be approved with my bad credit score?

At the present getting loan with bad credit is hard. You will need to take some steps to clean up your credit first.


What banks in NYC offer business credit lines?

Just about any bank in New York city offers business credit lines. You will need to just go in and ask about it and how to set one up with the bank there.


Do you need a line of credit to rent a house?

Yes ... or a co-signer will be required.


How much do you save to buy a house?

It will depend on how good your credit is and what you want your payments to be. If the price of a house is $100,000 and your credit is good and your fico score(this is your credit score) is 660 or higher You will need to put down 5%-10 % or $5,000 - $10,000 plus closeings cost of another 4% or $4,000.00 so if your credit is good you will need to save 9% -15% of the cost of the house you want to buy. Now if you have bad credit, you should clean up your credit before you buy. With bad credit your intrest rate will be high and your house payment will be high.


DO you need good credit to rent a house?

To rent a house you either need a good credit score or no credit at all. Typically students or young people usually have no credit and are fine getting a rental. Of course if you do not have any credit you usually have to have someone co-sign on your lease. You can easily get good credit by simply getting a gas card or any other card that you can quickly or automatically pay off.


What Is LOC And Why Do I Want One?

Business lines of credit are basically flexible financing that you can get from banks to cover expenses. As the name might recommend, most lines of credit are spendable via a credit card. You spend the cash while you need it, pay a minimal monthly payment, and also you don’t need to worry about getting more than one loan.


What do you need for to buy a house?

Some things are - A job, money for down payment and good credit.