How many credit cards is too much? Should you have 2-3? Or should you have 4-5? As long as you pay them right?
Answers: There is no good answer to this question.
For the best credit score and profile people need at least 3 credit card accounts (revolving) with balances below 30% of their credit limit and 2 cars, boats, homes, furniture or personal accounts all with good long pay history's.
But in reality how many credit cards someone has does not matter, what does is how they manage them.
I once had 14 cards and had a great score because I paid them off every month.
Only lenders look at how many cards you have and lenders have nothing to do with what makes up your credit score.
So the second poster is incorrect when he say's the number of cards you have will affect your credit score.
It doesn't matter. Don't be too paranoid about your credit rating.
I know people with many credit cards and they have good credit.
Pay your bills on time. Also, pay your creditors in full. That is the best advice I can give you.
Actually having too many (over 3) credit cards can hurt your credit score. Especially if you have a relatively high limit on the cards. Lenders will look at the total debt you COULD get into by maxing out all your cards.
I'd suggest dropping the ones you don't use by canceling them. Don't just cut them up and not use them, they still show on your report. It will have a slight negative impact, but that soon goes away.
The most important thing is to pay them on time and don't carry balances of more than 30%. Even better, pay them off in full every month.
Personally, I think it is a bad idea to have a stack of credit cards just for the sake of having them. You have to monitor and secure all these cards. They could be a problem just waiting to happen.
I recommend that after paying all the balances off in full, keep the two oldest major credit cards. Only keep store or gas charge cards if you have some special reason. Close the rest. Do it in writing and request written confirmation that the account is closed.
Credit card collections. How do they hang on to finding me?
I am up to my nose contained by credit card debt. So i decided im not going to compensate and just verbs with my existence. Worked fine so far but I moved several times and never filed a variation of address and change my cell number regularly. How do the collection agencies hang on to finding me. I even had my cell phone open under my girlfriends christen so that it wouldnt be under mine. but minus fail after 3 to 4 months they find me again and start sending post and calling. I have no intentions of ever repaying as they enticed me to use the credit. They can gain judgements if they want... I'll just quit my mission and put my car surrounded by my Girlfriends name so that they cant touch anything of mine. I hold every intention of avoiding this and hiding from them forever. How do they keep finding me.Answers: I do not uphold folks who have the funds of paying there obligation at all but i enjoy to give you some recommend pretending i did not see the 200k in the not dangerous part. And if your are contained by debt with the IRS they will see the lolly out of the 401k and wonder where that money is, afterwards you will be crying. As far as consumer debt collectors yes you will find a lawsuit, well you answered the examine with that. You hold 200k in the out of danger it would be impossible for them to touch that. Other assets they can tackle...so draw from that in your GF pet name. Y in the heck don't you look at liquidation? then only just move on... and finish all of this. You do own rights by sending them at stop contact letter i provided a taste below. By law this directions them to stop contact with you. If they contact you after they recived this note you can sue them, could be a extra 1k to your safe:) Must distribute this certifed. The collector will eather sue you or just go it to another debt collector "most likely the case" consequently you will have to dispatch this letter again. This is where on earth you are getting the 3 to 4 month thing.
Good luck
Your label
Your street address
Your city
Date
RE: Account no.
Dear Sir/Madam,
This is to request you to CEASE and DESIST from your efforts of collecting debt payments on the above referred vindication.
You are hereby instructed in accordance near the federal and state laws, to stop adjectives collection efforts instantly or face court sanctions.
PAY DUE ATTENTION TO THIS LETTER..
Cordially,
Your Signature
Your Name
They use your serial number. when you return with a job it go into a list sent out worldwide. when you find a drivers licence it is also posted. when you get anything that uses it ,it is posted . so give or take a few 3-6 months is about adjectives you will get.
The skype tracing uses your serial numbers along beside any other info that can be found.
Wow, you're sort of scummy.
They are probably finding you through your credit report or some place like that. ie, if you apply for anything that requires your ss the address and number you use could be updated on your credit report.
How do culture like you survive? Only a really trashy human being refuses to income for things because some company "enticed" them to use money they didn't have at the time.
It's call skip tracing.Obviously you have a great deal of debt. Bill collectors get compensated on commission so there's an incentive to find you if you owe a lot of money. Bill collectors recurrently pose as relatives/friend and call your initial reference.They have the Lexis-Nexis database...Zabasearch and the varied search tools online.
I'd raise your spirits you to pay your debts...but...if you plan to stockpile...Go with prepaid cellular so that they can't trace you that channel...the rates have come down profusely.
First, by not paying debt, you get more debt.
They can't force you to hold the card.
They keep finding you because you give traces behind. You can't cast a shadow on from them. They can bring legal act against you too.
For something this big, you're really going to have to progress "off the grid" for awhile, and I'm chitchat little shack up in the mountains living sour the land type of rotten the grid.
When you get right down to it, these individuals are talented at what they do, and since they probably know who your girlfriend is, they will plausible just assume you are beside her.
Go bankrupt and verbs. Obviously, hiding will get really dated, really fast. Contact a legal representative to get it started. Then at lowest you can start rebuilding your life WITHOUT hiding.
Help me choose a credit card!?
Hi, I'm a teen looking to improve my credit and enjoy a little more financial flexibility. What credit cards do you reason would be good for someone near no credit?Note: I'd love to have a card near cool rewards and stuff
Answers: Bank of America and Chase have great cards, but American Express have great privileges. Bank of America and Chase offer some cards near rewards and traveling miles. Bank of America has better customer service. It's best if you hold a checking account next to whom you choose to get a credit card because Bank of America with the sole purpose allows you to pay your bill through an checking vindication without a excise. Check by phone costs an extra $15. Chase does the same piece. The best credit cards are the one that say NO ANNUAL FEES. Most cards hold an annual fee that hits your information each year on your anniversary date of when you unfurl it. In addition to the NO ANNUAL FEES, within are some credit cards that state NO APR's for 3 months or 6 months. After that period of time go by, credit card company's will take a look at your FICO mark to see if it's in devout standing then your APR will be at a lower percentage rate. if it's not within good standing after your APR will be high.
DO NOT OPEN MORE THAN ONE CREDIT CARD AT YOUR AGE because if you attain behind even by one month, your APR next to one card can effect the APR's of all the other cards and it get uglier and uglier from there. Your credit will be shot. That behind schedule payment stays on your report for 7 years. It become a problem when you rent a place or even buy a place or buy a car. Credit checks are a regular routine for various companies and institutions.
Start with one card for in a minute and pay the monthly payments in good time and sometimes a little bit over the minimum payments on some months.
When using your credit card mind your Ps and Qs how you use it. Make sure that you keep an eye on adjectives your transactions. With identity theft anyone the fastest growing crime in America, you enjoy to ALWAYS make sure you're information is past the worst. Get the protection plan that comes with the card to safeguard yourself from identity thieving. Using credit card at hotels is better than debit because when you check out, money from incidentals goes right away back on you credit card, but it take up to 30 days to get vertebrae on your debit card.
It took me until 2 years ago to choose a great credit card and I'm in my tardy 20's. I went near Bank of America's World Points visa card.
Really give it some correct thought and keep looking at the mailers that come contained by the mail.
READ THE SMALL PRINT!
virtuous luck.
Well if your still a teen I would recomend you at least linger to graduate ( if you haven't already )
Most friendly credit card company is Capital One but i personally don't similar to them and they have large APR's
My first card was through Chase and their APR be high but I did receive rewards and that was cool.
In something like a year in a giant later I switched over to my bank's credit card volunteer and it was more than partially the percentage of APR i was previously paying.
Everytime you Apply for a credit card and go and get denied it goes on your credit rack up, so if you keep getting denied bestow it a rest for a while ( 3 months or so ) and get final to it.
If you go to college you can find a student credit card that will have some nice bells on it but save you will get a crappy starters card next to no bells.
http://www.bestcreditrates.net/?cont=100...
Credit cards have become a necessity contained by society nowadays, you can't travel anywhere without have to use one. That's why it's imperative to maintain a good<!--credit rating and use your credit card smart. Lots of credit card related examine been asked here and yours lately another one. Check it out this website, hope it helps.
http://bestcreditcards.freehostia.com/
After adjectives, without a credit card, it's harder to live, and especially concrete to shop online. Lots of credit card related questions are repeatedly being asked and yours is purely another one. Credit cards are great to use as long as you control them-->They are useful, cooperative, and make buying things a total lot easier. But it's important to remember that population go into thousands of dollars of debt because of them, and one and the same thing could occur to you
It's never too early to start building a moral credit rating. At your age, it might be a good concept to get a low credit check to protect yourself from going overboard. You should also compare all the a mixture of aspects of each card you are interested surrounded by before you apply for one -- fees, interest rates, rewards, etc.
http://www.CreditCardsCompete.com
First of adjectives credit cards have not become a necessity within todays world. That's a load of crap!
That's what bank want you to think. They engender billions on people that worship the fico and borrow money to procure a high fico so that they can borrow more money. Then they bring back in over their herald and start paying late fees, over the contain fees and, high interest rates. It's a stupid winter sport.
Pay as you go. Live on smaller amount than you make and you will enjoy money.
The only time you might hold to borrow money is for a home. You can do that without a fico rack up. It's called guide underwriting. It's not a sub prime loan. It's the channel home loans where givin' formerly all the fico chalk up worship. You can get the lowest rates available.
Debt free is unquestionably the way to be.
you know,if you want to seize the most relevant answers,you got to try to find it out yourself,since solely yourself knows what you really want.here is a angelic resource for you to start.http://creditcard.expertips.info/card-co...