What will my credit report show if I choose to settle an old credit card account with a debt collector?

Posted August 27th, 2008

Bear E asked: I would like to settle a few closed credit accounts that have been charged off and bought out by debt collectors. The collection agency is offering me a discounted rate to pay off this account. If I choose this option, will my credit report eventually show this account closed and paid off, [...]

What is a good credit limit for a first credit card?

Posted August 21st, 2008

Michelle W asked: I got my first credit card a couple years ago via Bank of America, and my current credit limit is $9000. Since I don’t have any experience with credit cards in the past, I’m wondering if this is good or not? Is there anyway I can increase this limit? [...]

My credit card balance is over 50%. How long will it take my credit score to go back up?

Posted August 19th, 2008

Casey asked: Hi. I recently just got my first credit card ever and used it to make a $1600 purchase. The credit limit is $3000, so obviously I’m over 50% of the balance, and I just learned that’s bad for credit scores. I expect to be able to pay off the purchase in the next [...]

How does getting a secure credit card hurts your credit?

Posted August 18th, 2008

V. asked: I have great credit 755 and want to get a secure credit card, would it hurt my credit?Forex Trading

What is the best/easiest credit card to get if you have bad credit and are trying to improve it?

Posted August 17th, 2008

ajoytalent asked: I’m sure some people might say having no credit card is best..but to build up credit you have to start somewhere!
My friends credit is ike 580 or something, and I told her i would look into it.. Thanks!Forex Trading Software Reviews

How do I switch credit cards and not affect my credit score?

Posted August 5th, 2008

msc44 asked: I want to get a frequent flyer credit card but I already have 3 credit cards with generous limits. I don’t need these credit cards and I would like to cancel them and have this “possible credit” to go towards the new card. I heard once that canceling a credit card [...]

What does my credit score have to be to get a Walmart credit card?

Posted August 4th, 2008

spaztikus asked: I want to get a Walmart credit card…My credit score is not the best but not the worst either…it’s around 616. I dont want to apply and make it any lower unless I know I can get a card.Forex Trading Software Reviews