Financial Question?
Do my department store credit card(s) negatively affect my credit score?I do not pass a balance, I use it to achieve the discount.
I have "heard" that freshly by having the card(s) surrounded by your name it dings your Credit Score.
Answers: That is correct within a way...the aspect of credit you have can affect your overall mark..
gas card/walmart/home depot/jewelry store/target...are considered bottom-feeder credit
vs..major visa/mc...amex.Discover... = element credit.
All things being equal..the entity with the leading cards will have a highly developed score...
Don't close the acct..purely keep the time limit really low and never use it so that down the road.that type of credit will get buried by the better credit down the road
You hear wrong. All credit is positive if you are handling your credit positively. IF you never carry a symmetry and pay stale your accounts every month, then you will never be contained by trouble on your credit report. No credit card account make your FICO score better. If you own a AE account, it doesn't donate you a better score than a JCPenny side.
The people you hear this from obviously hold not a clue as how credit bureaus operate.
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Internet/Bank query?
If I buy something that I'm technically underage to get wiv a cashcard rotten the internet will anyone find out?Answers: only if they confine you red handed
Only one passageway to find out...plus...it's the companies responsibilty to make sure products are individual sold to their intended age range. If the company does not ask for a confirmation of your age, you in no method would be responsible anyways.
Annual tax individual charged on an unactivated credit card. Should this be?
a friend from work has be charged for mnths for an annual fee on a card that have never been activate. Is this right?his credit is mad messed up very soon.
Answers: Was the card requested by the cardholder? IF so, she may be liable for the montly fees that has be charged up to the date of cancelation.
If the account be not requested by her, and the company is unwilling to remove the charges, I would suggest filing a complaint next to the better business breau. (simple online form)
Some companies are more likely to settle disputes when their term is on the line.
*BEST BUY does this!! if you spread out application for best buy credit, there is a flash on the application they ask for you to sign, which automatically applyes you for a HSBC credit card. Then, unkown to the applicant, they have nice tentative credit card showing up in the communication.
But Best Buy will settle Better Business Breau complaints fairly in the blink of an eye.. (found out with issues next to rebates)
Just because the card itself hasn't been activate doesn't mean the depiction isn't active. I should know: I enjoy a couple of active CC accts next to inactive cards.
If that friend really doesn't want the commentary, he should send a formal termination letter to customer service.
how have an annual fee messed up this person's credit?
MY kind-hearted was that an annual payment is about 50 bucks or smaller amount. They will also mail the statement about the fee to the house
something does not supply up here
is this 'friend' someone you are considering dating?
If so run your own report on his just to be secure
p.s.
there are plenty of credit cards next to NO annual fees
so that might be a clue that he does not have the best of credit
He must hold applied for it. Why would he pay for months if he doesn't want it? Activation is of late a security safeguard - it have nothing to do next to whether the account is undo or closed.