ecolink asked:


We are traveling from the United States and want to be prepared. Are credit cards accepted at most restaurants? Shops? Hotels?

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J24 asked:


I have two credit cards, luckly only totalling about $1,500. Im a college student and used them for books. They are under collection and i still have the oppertunity to pay them off, which i am planning on doing anyway. BUT they are still going to be on my credit for the 7 years right? And If i pay them off, will it improve my credit rating atall, will they show up as paid off on my credit report? Or will paying them off do anything atall since they are so overdue.

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Sgt. Pepper asked:


I’ve got all my bills paid off (school and credit cards) and i was looking to cancel all the credit accounts and just open one account with a card that has good benefits for using it. Then i’m going to pay my insurance, phone, car and other expenditures with that card and just pay it off every month so i don’t have to pay interest, but i get benefits. Anyone know of any good cards?

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starfishblues asked:


I mean, I understand the concept of building credit and everything, but what is the point of student credit cards? What is the purpose? I’m sorry if this is a silly question, but I don’t really get it.

And can you trade them in after you’re no longer a student for a “real” credit card? Do people just keep them forever? I always thought closing accounts lowered your credit score?

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Leanne L asked:


Store Credit Cards that is?

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David M asked:


I have already received half of my student loan, but can the credit crisis permit me from receiving the rest if things should get worse?

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Atreyu’s Mommy & Due Aug 24 asked:


My fiance cannot get a loan or credit card because he has no credit. It’s not bad credit, just no credit. We want to build his credit so we can buy a house in the next year. He tried getting a secured credit card, but his name is in the chex systems, which we’re still not sure why. We don’t want to pay any annual fees, or a monthly fees. I don’t care about interest rates because we will pay the credit card off each month. Does anyone know of anything we could do?
We already have cell phones under his name. They don’t report the the credit bureaus. And he is not ignorant. How is he supposed to get a credit card with no credit? He’s tried since he was 18 and he is now 26.

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dance_hall_qween asked:


How are sub prime loans, the US mortgage situation, the credit crunch , Northern Rock and the loss of city jobs related ?why is this all very important? and what does this say about the state of the economy?

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Staying Quiet asked:


or are they less affecting due to the benefits of the loan, or a more “need” for that loan than other personal or car loans. i hope what i am trying to ask makes sense, thanks for the help
i am not talking about not paying the loan; i just mean having the loan. does it hurt your debt to income ratio in the same way.

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