| (Published: Thu, Nov 2, 2006 7:07:23) |
| Why is good credit important? |
Good credit is important in assessing your capability to handle financial situations, especially when you are transacting with other companies. It also facto |
| Author: Tracy Carlye |
| Category: Finance - Credit Questions |
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| (Published: Thu, Nov 2, 2006 7:07:23) |
| How do I start building a credit history? |
One way to start building a credit history is to open a department store or gasoline charge account and pay the balance in full every month. That way you not |
| Author: Tracy Carlye |
| Category: Finance - Credit Questions |
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| (Published: Thu, Nov 2, 2006 7:07:23) |
| What is a credit bureau? |
| A credit bureau is a company that compiles and distributes credit and personal data to the leading creditors in the state. This includes all the information tha |
| Author: Tracy Carlye |
| Category: Finance - Credit Questions |
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| (Published: Thu, Nov 2, 2006 7:07:23) |
| What is a credit report? |
| A credit report comes from one of the credit bureaus and is a legal document show your entire credit history, including your accounts with banks, cred |
| Author: Tracy Carlye |
| Category: Finance - Credit Questions |
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| (Published: Thu, Nov 2, 2006 7:07:23) |
| What is a credit store? |
| A credit store offers an arrangement where you can access an account with the best note retailers. Some of these stores can offer you convenience as well a |
| Author: Tracy Carlye |
| Category: Finance - Credit Questions |
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| (Published: Thu, Nov 2, 2006 7:07:23) |
| How can I improve my credit score? |
To improve your credit score, you should:
• Always pay your bills on time.
• Pay your debts. The more debts you pay, the better your score will |
| Author: Tracy Carlye |
| Category: Finance - Credit Questions |
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| (Published: Thu, Nov 2, 2006 7:07:23) |
| What is a credit repair clinic? |
A credit repair clinic can fix your credit card reports. Even if your history is both positive and negative, they can erase it and not include it i |
| Author: Tracy Carlye |
| Category: Finance - Credit Questions |
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| (Published: Thu, Nov 2, 2006 7:07:23) |
| How often should I check my credit report? |
You should check your credit report every year or maybe even every six months. This will help protect you from identity theft and other types of fraud. |
| Author: Tracy Carlye |
| Category: Finance - Credit Questions |
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| (Published: Thu, Nov 2, 2006 7:07:23) |
| How can I get a copy of my credit report? |
| You can contact your bank or other credit institution to obtain it a copy of your credit report. You will be asked for the following information, in order to ve |
| Author: Tracy Carlye |
| Category: Finance - Credit Questions |
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| (Published: Thu, Nov 2, 2006 7:07:23) |
| What if I find an error in my credit report? |
| If an error has occurred in your credit report, you should notify your bank or credit institution immediately. It your bank confirms that error, it will be remo |
| Author: Tracy Carlye |
| Category: Finance - Credit Questions |
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| (Published: Thu, Nov 2, 2006 7:07:23) |
| What if I marry someone with bad credit? |
| Being married to someone with bad credit will not affect your credit file unless you have a joint accounts. If you do have a joint account, your |
| Author: Tracy Carlye |
| Category: Finance - Credit Questions |
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| (Published: Thu, Nov 2, 2006 7:07:23) |
| Do utility bills and other household bills affect your credit score? |
If you want to apply for a credit card, you will be asked to bring your utility bills and other household bills, especially if it is your first time.
Th |
| Author: Tracy Carlye |
| Category: Finance - Credit Questions |
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| (Published: Thu, Nov 2, 2006 7:07:23) |
| Does co-signing on a loan affect my credit score? |
Co-signing on loans definitely affects your credit score. You will have a good credit score if you have a good history with your loans, including any you hav |
| Author: Tracy Carlye |
| Category: Finance - Credit Questions |
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| (Published: Thu, Nov 2, 2006 7:07:23) |
| Does having too many credit cards affect my credit score? |
| Having too many credit card will eventually affect your credit score. Some may have high balances or a large amount of credit available, which can also cause a |
| Author: Tracy Carlye |
| Category: Finance - Credit Questions |
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| (Published: Thu, Nov 2, 2006 7:07:23) |
| What will happen if I do not pay my credit cards? |
| If you do not pay your credit cards, the agency will surely sue you. Companies have the right to sell your debts, and a collection agent may also come after you |
| Author: Tracy Carlye |
| Category: Finance - Credit Questions |
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| (Published: Thu, Nov 2, 2006 7:07:23) |
| Should I close credit card accounts that I am not using? |
| For security purposes, you should close your credit card accounts that you are not using. With today's technology, there are many crimes such as ident |
| Author: Tracy Carlye |
| Category: Finance - Credit Questions |
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| (Published: Thu, Nov 2, 2006 7:07:23) |
| Can a credit card company garnish my wages? |
Yes, a credit card company can garnish your wages. However, there are certain states that do not allow wage garnishments. These are:
• North Carolina |
| Author: Tracy Carlye |
| Category: Finance - Credit Questions |
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| (Published: Thu, Nov 2, 2006 7:07:23) |
| What are the alternatives to bankruptcy? |
You can try the following alternatives to bankruptcy:
• You can do nothing. There is no need for you to take any action. Instead, you can make a |
| Author: Tracy Carlye |
| Category: Finance - Credit Questions |
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| (Published: Thu, Nov 2, 2006 7:07:23) |
| What happens if I declare bankruptcy? |
| Bankruptcy is designed to be a process where the creditors are treated equally before the process of proposal starts. If ever you declare bankruptcy, you w |
| Author: Tracy Carlye |
| Category: Finance - Credit Questions |
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| (Published: Thu, Nov 2, 2006 7:07:23) |
| Can a bankruptcy ever be removed from a credit report? |
| A bankruptcy can be removed from a credit report, but your credit history will still be shown on the report, and it will not be impressive to prospective credit |
| Author: Tracy Carlye |
| Category: Finance - Credit Questions |
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