Whats the best credit card to get if your trying to improve your credit rating and does it work?
Answers: www.cardoffers.com
Total Card is great, UltraVX is great too, I would reccomend the Total Visa, do NOT get first premier bank.
A secured card would be the best low fee way to go but if you don't have the money to put up right now try Total Visa.
Best card to get if you can't get a regular credit card is a Secured Credit Card where you offer you money up for a deposit as your credit line. Bank of America and Citibank both offer a good deal on Secured Cards and they are "name brand". Citi's is usually the more recommended because of the low annual fee ($29), can be opened for as little as $200, and gives 4% interest on the deposit you made behind the secured card. The interest rate isn't too bad for someone with damaged credit either.
Capital One will take just about anyone though, but you probably need a credit score that is at least subprime (620+)to qualify.
Good luck on improving your credit. Best thing you can do to improve your score is to pay your bills on time each month and use credit wisely. The big thing with credit scores is that it is not how much credit you have, but how you use it and what your payment history is. If you are rebuilding your credit, it is going to take time, effort and patience as you deal with higher interest rates and some fees...if you can get credit at all.
check out www.fastcreditcardapprovals.com here you will be able to compare all major credit cards side by side on rates and rewards and it will go by the kind of credit you have just go under select by credit, good luck
Is it true that if you invalidate a credit card it will nagatively impact your credit rating?Why?
I have piled up some unused cards, including store cards I havenot touched for years. They are cluttering up my credit report and one credit scoring agency have given me negative flaw for "too many accounts opened"Answers: There is no such point as too many accounts open out.
Credit scores are base on the following factors;
1. Payment history 35%
2. Time within bureau 15%
3. Types of credit 10%
4. New credit 10%
5. Debt to credit ratio 30%
When you cancel a credit card statement you affect 1, 3 & 5 which counts 75% of your score.
The number of credit cards you hold makes no difference what does business is how you manage them, as long as your match is below 30% of your limit every month your fine.
I once have 14 credit cards and still had a 750 win because I managed them correctly.
A big sector of your credit score is base on the ratio of revolving debt to available credit limit. Carrying balance of more than 30% hurts your score. When you close accounts, you lower the available restrain and thus increase the debt ratio. However, if you don't carry balance, closing accounts won't have that much impact.
Closing accounts also closed that history.
Many relations will tell you to hang on to all those tale open. But I feel it is foolish to have a stack of credit cards that you don't use. All those cards enjoy to be secured and monitored to prevent theft or fraud.
I recommend that you hang on to the two oldest major credit cards lacking an annual fee. Only hang on to store or gas charge cards if you have a special defence and actually use them. Close the rest. Do it within writing and request written confirmation that the account is closed.
You must hold a really long list of overt accounts for the credit bureau to ding your score. Usually store and gas charge cards close your description if you don't use them over a certain extent of time.
It's not true.
But, obsessing near the fico score will.
You hold to borrow money and make payments on the dot to get a lofty fico score. You own to keep borrowing money and hang on to making payments on time to keep hold of a high chalk up. All you get is debt.
Next article you know you have trouble paying it spinal column.
Your fico score is if truth be told an I love debt score. It measures how much you love to borrow money.
Your gain is based on
How much debt you hold.
How long you have be in debt
what kinda debt you own
how often you kind payments on debt.
If you pay as you stir. If you live on less than you generate you will have money.
Has anyone claimed rear legs credit card charges?
im sure many those have tried to claim put money on credit card charged but has anyone tried whilst on a debt admin plan?Answers: You can still claim your credit card charges back. But if sucessful you will not seize the money . It will be taken from the balance you owe to that company .
you contact your card provider. you can still do this whilst on a deby plan however if your card provider is one of the companies you are contained by debt with they may balance any refund of charges from the outstanding debt you owe them/