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How much will a 90 day past due credit card payment hurt your credit?

Sun, May 31, 2009

natasha asked:

I was once over 90 days late on a credit card payment, about a year ago. Other than that I had a perfect credit score, it was in the high 700’s. How much did this hurt my credit score in general? About how many points does it pull you down to be 90 days late? I pay all my bills in full and on time now.

What will happen to my credit cards if my home is foreclosed?

Sun, May 31, 2009

5 Comments

triguyinla asked:

I have over $100,000 in credit on my 7 or 8 credit cards, all with a 0 balance. I am facing foreclosure in a few months. Will the banks cancel my credit cards once I get a foreclosure on my credit? Should I just max out all my credit cards with no intention to pay them?

How many credit cards should I have open for a good credit score?

Sun, May 31, 2009

13 Comments

tgent2k1 asked:

I have 4 credit cards (limits are 1000, 3300, and two 500s) and was considering getting rid of one 500 credit card. Should I pay the whole thing off and KEEP it or GET RID of it??

What is the consequence for paying off your current credit card debt with a new credit card?

Sun, May 31, 2009

7 Comments

Reggie asked:

I have 2 credit cards and they’re not even that much. I’ve been paying every month to reduce the balance but after interest charges, it seems to go straight back up. I recently checked my credit score, and it’s in pretty OK shape. I know if I get another credit card, my credit limit will be enough to cover for both debts. My plan is to just get a new credit card with no interest for one year and pay them off then cancel my other 2 credit cards.
Is that a safe idea? Will it affect my credit score (negatively) that much to do so?
Thanks.

How and why is my credit card affected when I open and close a credit card?

Sun, May 31, 2009

3 Comments

Double Negative asked:

I see a great deal at a store to open up a credit card and get a prize or a rebate. If I want the big discount I open the credit card and then get the discount but I don’t want or need the credit card at all.

Is it better to close down this new card or keep it open with a zero balance? How does opening and closing account affect my credit score?

what is the best student credit card out there?

Sun, May 31, 2009

9 Comments

SK asked:

I’m a college student with no credit but I want to get a credit card. What are some of the best credit cards for students? I’m planning to make small purchases and paying them off the next month to build credit. What other ways can I build my credit?

How much will getting a new credit card affect my credit score?

Sun, May 31, 2009

5 Comments

Stuck in the Middle Ages asked:

I’ve got excellent credit (3 cards) and pay my bills in full, including a small car payment and a mortgage. I am considering refinancing the mortgage.

I just got an offer from Delta for their credit card, which would have no annual fee in year one and would give me 40,000 air miles. I would like to accept the miles offer because it’s the most miles I could get quickly, but I wouldn’t take it if it would adversely affect the possibility of refinancing in the next few months.

Thanks for your insight.

Is it possible to attach a credit or debit card to Itunes after creating an account?

Sun, May 31, 2009

1 Comment

— asked:

I want to create an Itunes account but have reached a dilemma. I have a gift card and prefer to use it instead of a credit card but I might need it later. First of all, is it possible to create an account without entering a credit card, and doing it later? I prefer to have it charged to my gift card first. Also, if it is compulsory to attach a credit card, which one do purchases get charged to first?

What are some names of credit cards that have high credit limits?

Sun, May 31, 2009

4 Comments

sb0983 asked:

What are some name of credit cards that have high credit limits? Are there any credit cards that have a $100000.00 credit limit?

How does a credit card work and why do I have to get one?

Sun, May 31, 2009

2 Comments

Brandi asked:

I just turned 18 and I am trying to get my own place but they said I need to have good credit. To have good credit, they said I have to build good credit, but the only way to build good credit is to have good credit. Why is that? I was looking at credit cards and purchases become way more expensive when you buy them a credit card. So why use one? But to build credit you need to use one. Am I mistaken? Could someone explain how a credit card works please?

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