Archive for the ‘Credit Questions’ Category

Are you in favor of lowering the standards of credit scores to help the economy?

Saturday, April 11th, 2009

Dr. Ernest J Folk asked: With the economy down and it impossible to get credit. Do you think it is a good idea to lower the credit standards so that it is easier to get credit. For example. Those that currently have high credit scores should be able to pay no interest [...]

Are personal credit cards used to start up a business considered capital or liability?

Saturday, February 21st, 2009

kristopher asked: I contributed $90,000 to start a business by using personal lines of credit. My partner contributed $10500 of cash. He is telling me that since the lines of credit have interest applied to them that they are actually company liabilities and are not to be considered capital? How does this work?Elaine

What is the best credit card to start my credit?

Wednesday, February 18th, 2009

chaos_magician13 asked: I recently turned 18 and im in a great living situation. i live with my dad, make about 1000 a month and im a musician. I wanted to buy a new bass and amp, but more importantly need to start my credit. I already have the money to buy the bass today, but [...]

What credit card company or bank doesn’t check transunion only equifax and experian ?

Friday, February 13th, 2009

kenneth d asked: What credit card company or bank doesnt check transunion only equifax and experian ? My credit it perfect on the 2 and not on transunion. I want to get a LOC or CC .
Thanks in advance.Kathy

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

Sunday, February 8th, 2009

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

Tuesday, February 3rd, 2009

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 [...]

How to repair credit to purchase a home in the near future?

Monday, February 2nd, 2009

Mr. Knowledge asked: I have read through a lot of the questions that have already been asked but I have yet to find exactly what I am looking for. I have been slowly but surely paying off some of the items on my credit report, all of which are delinquent by several years. [...]

How can you raise you credit score even when you pay on time?

Friday, January 30th, 2009

amhjp1820 asked: Ok, past credit messed me up. I have a judgement thats almost paid off. I am trying to raise my credit score.I have 3 new accounts that I’ve paid on time for over 1 year. I read that one way to raise your score is to ” piggy back” on a relatives good [...]

What credit cards are made so that you are instantly approved or denied?

Sunday, January 25th, 2009

ersan b asked: I preferably need a studen credit card (to build up my credit-seeing as how I do not have any line of credit). I just need to know which credit cards/student credit cards instantly approve/deny you or at least you find out some sort of answer within a few hours.Thomas

what is the best student credit card out there?

Friday, January 23rd, 2009

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?Judy


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