Im different to credit cards, what is APR? APY?
I know it means Annaul Percentage Rate, but I looked at serveral sites already and besides that adjectives it says is that it's the annual rate surrounded by which the company calculate your finances? What the heck does that tight and why is having a lower APR better? Also, APY? Thanks alot!Answers: Having a lower APR is better because it finances less money you will take-home pay to borrow the creditor's money. APY is annual percentage yield and have nothing to do near credit cards. It is used for savings accounts and other investment products that earn you money. They are both interest.
How do your points increase with credit score?
Answers: You can find a lot of quality free info at THE site for the FICO score which is THE credit score that people care about:
http://www.myfico.com/CreditEducation/
Review your credit report for any errors and correct glitches that may not be accurate (but are still hurting your current score). You can obtain a free copy of your credit report by visiting www.CreditReport.com.
Refrain from opening a lot of new accounts over a short period of time, especially if your credit history is on the shorter side to begin with.
Pay your bills on time.
Don't open any credit lines you probably won't use. For example, don't open a lot of store credit cards just to get the initial 10 percent discount.
Instead of moving credit card balances to lower rate cards, try to pay them off. Transferring balances can change the ratio of your total credit card balances to your total available credit lines, hurting your credit score.
Open a few new credit accounts, use them responsibly, and make your payments on time.
Try to use your credit cards less. Even better, pay them off every month. The bigger the space between your total credit limits and the balance you carry, the better. Try to keep your balance below 25 percent (for example, $2,500 if your credit limit is $10,000).
Contrary to what you may have heard, don't close old, paid-off accounts. Credit companies used to advise people to close old credit cards they were no longer using. But closing these cards shortens your credit report and makes you seem less credit-worthy.
Avoid bankruptcy. Declaring bankruptcy is one of the worst things you can do for your credit score. It may seem like the easy way out in the short term, but over time it will cost you tons in the way of high interest rates.
To raise credit score
1. Always pay on time or ahead of time.
2. maintain low balances on credit cards
3.To boost your score: Don't charge anything for at least 60 days before applying for a loan
4. keep your total potential debt to earnings load low - If you have a card with a $15000 credit line, you may ask them to reduce it to something more realistic, like $5000.
5. You should have a recent history of both installment or term (Car or house loans) and revolving credit.
6.To boost your score: Don't close unused accounts when you transfer debt.
7.To boost your score: Consider opening another credit-card account or two, or taking out a car loan or small bank loan.
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http://www.bestcreditrates.net
I want to buy clothes online?
but pretty much every site asks for mastercardim almost 16 so i dont want to sign up for a credit card
and my parents wont buy me things online since i have a errand & my own money
is there anyway i can use my debit card?
Answers: Debit card not so much, but you can use your debit card to buy a prepaid Visa or Mastercard and later use that online.
Go to walmart and get the prepaid mastercard
it will cost you just about 8 bucks to put money on it and you can only spend what you own on the card.
Be warned nearby are monthly fees associated with the card so try to procure an idea of what you want in the past you go win it so you dont loose money with the monthly fees
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YOu also might consider of late giving your mom or dad the money and have them allowyou to use the card for that one purchase.
Tell them that you want to purchase the dress or doesn`t matter what and it costs 90 bucks (including shipping ) so here is the 90 bucks could you please sign in next to your card so I can get it
If you enjoy a debit card with a visa or mastercard logo on it you can use it to buy things online. That is deeply like a credit card, but you hold to have the money surrounded by your account to use it.