Posts Tagged ‘Credit Rating’

Credit Card?

Tuesday, November 10th, 2009
chris asked:


I have three credit cards, each having a credit limit around $15,000. One is a no interest til May 2007, my balance on this card is roughly 13,000. My other card has around 10,000. I just finished paying off my third credit. My 3rd card is the longest existing credit card i have. Should I go ahead and close it out, or keep it. Will it affect my credit rating, if I close it. Meaning, will my credit score go up or down? I have a new job with a good salary, I should be able to cut my debt in half this year alone. But, I guess what I really want to know is if closing a credit card with a 15,000 limit have a negative affect on my credit score? Thank you.

Oscar

credit card?

Sunday, November 1st, 2009
mtryfena asked:


I am thinking of applying an unsecured credit card?
My credit score is about 580-600.
With my credit rating, what kind of unsecured card can I get?
Has anyone with around my credit score got one?

thanks

Reginald

What is the deal with the debt reduction programs where you do not have to consolidate or take a new loan?

Saturday, June 20th, 2009
mecha_nic asked:


I mean, c’mon - how can your company combine and reduce my debt by over half, without filing bankrupt? Whats the deal? And you say my credit rating will not be hurt? What about all the debt I have from buying that ocean front property in Colorado?
yeah yeah…the companies and their websites are always vague about what they actually do…a link to one of the services does not answer the question of how they can take my debt and reduce it with generally no strings or addtional debt.
I am not in touble with debt, I just find it ironic that us, as a society, have gone to the extent of overburdening credit debt and then finding ways to eliminate the responsibility for ones own actions. I feel like I could have a free pass to get whatever materialistic things I want and then never have to repay. Is this the beginnings of a new socialistic society? A trial of materialistic communism? The whole idea of wasteful materialism sanctioned by the government sickens me.

Justin