Posts Tagged ‘Bad Credit’

How can you tell if a debt collector has purchased your credit card debt from discover?

Thursday, January 21st, 2010
mort6282003 asked:


I am being sued by Apothaker & ***. and on the papers they claim to be representing Discover.
Discover has this listed as profit and loss right off bad debt on my credit report. Wouldn’t that mean they sold the debt?

Terry

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Posted in Personal Finance | 2 Comments »

What is a good credit card to apply for if you have bad credit?

Saturday, November 7th, 2009
Diane L asked:


I am paying off bills and I closed all of my card accounts. What is a good, easy and cheap card to reopen my credit with? My credit is not good.

Edith

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Posted in Credit | No Comments »

How do I know if these credit card companies are reputable?

Saturday, September 19th, 2009
Anonymous asked:


Within the past couple of months, I’ve been receiving several letters per week from credit card companies enticing me to apply. I have bad credit, got rid of all my credit cards eight years ago, and am still paying off old debt. Could these letters have something to do with the fact I bought a new car last fall? Should I apply for a card to build my credit back up? How would I know what company to go with?

Earl

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Posted in Credit | No Comments »

How can I get a credit card to help rebuild bad or no credit?

Monday, September 14th, 2009
rkwarner_warner asked:


I’m looking to rebuild my credit, and a credit card seems to be the most popular way to get it done. I have had bad credit, and am now told that it is up to zero. What kind of card can I get, or can I even get one?

Arthur

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Posted in Credit | No Comments »

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

Friday, June 27th, 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 two or three months. Will my credit score go back up immediately after I get the balance on my card down, or will it take a while? Thanks.

Vincent

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Posted in Credit | 3 Comments »