Credit « Credit Cards – pay off interest rates

August 24, 2010

my credit report says I have 8 open accounts but I only have 2 credit cards. How?

Filed under: Credit — Tags: Credit Card Report, Credit Cards, Credit Check, Credit Report, Open Accounts, Score, Wallet — admin @ 8:48 pm

ebrewski0075 asked:

I recently check my credit card report and it says I have 8 open accounts. But I only have 2 credit cards in my wallet. How could this have happen and how do I close those other 6 accounts I dont use and better my score?

Maria

Comments (5)

Will stacking two credit cards in a wallet damage the magnetic strip?

Filed under: Credit — Tags: Credit Cards, Magnetic Strip, Slots, Wallet — admin @ 4:31 pm

William H asked:

My wallet only has slots for 4 credit cards, but I have 6 cards. Can I simply stack two cards together without damaging the magnetic strip?

Robert

Comments (2)

August 15, 2010

How does the concept of debt consolidation work? Especially as it applies to credit cards?

Filed under: Credit — Tags: Credit Card Debt, Credit Cards, Credit Debt, Debt Consolidation Work, Options — admin @ 8:03 am

ikeasks asked:

I am trying to help someone who has aboout $10,000 in credit card debt, spread over 6 cards, get things turned around. Is there anyone who knows the options they have and which processes are the best. Any help is greatly appreciated.

Sally

Comments (2)

August 13, 2010

How do you use credit cards wisely when transferring balances?

Filed under: Credit — Tags: Bind, Confirmation, Credit Card System, Credit Cards, Money — admin @ 11:43 am

Chrissy asked:

I was told that if you have several high credit limit cards and you transfer balances here and there that you could actually end up using your credit and still not have to put money on the balances until of course you cannot charge anymore. Is this true? Can I transfer balances if I’m in a bind…to hold onto some money then pay the balances off when need be? Is there a good way to manipulate the credit card system?

Thanks.
F.Y.I…I am financially stable…I just wanted confirmation that transferring balances could actually work considering I found this kind of hard to believe when I was told that it really does work.

Patrick

Comments (4)

August 8, 2010

Will canceling the credit cards that I dont use affect my credit?

Filed under: Credit — Tags: Clueless, Credit Cards — admin @ 11:03 am

chica asked:

I have about 10 credit cards that I dont use anymore they are activated but dont have any balances and I was just thinking of canceling them but dont know if I should would that affect my credit in a good or bad way?

Clueless in Texas.

Herbert

Comments (11)

July 26, 2010

How to pay off my credit cards?

Filed under: Credit — Tags: Credit Cards, Credit Limit, Interest Rates — admin @ 9:28 pm

norcam343 asked:

I have 3 major credit cards and I’m in a rough situation right now were I can’t make payments on them. What can I do to stop the interest rates? And also I’m way over my credit limit now! What should I do?

Claudia

Comments (7)

July 18, 2010

Opened credit cards accounts and im under 18, What would happen if i dont pay for it?

Filed under: Credit — Tags: Credit Accounts, Credit Cards Accounts, High Interest Rates — admin @ 4:23 pm

m7an3na asked:

I opened 2 credit accounts and im under 18, i put a different age on the credit cards but still with my same social and name, and now im going crazy with all the high interest rates i basically owe $6,000 to my credit cards. What would happen if i dont pay for it?

Beatrice

Comments (11)

June 27, 2010

What are some of the easiest credit cards to get?

Filed under: Credit — Tags: Credit Cards, Establish Credit — admin @ 4:03 pm

E asked:

I canceled all of my cards 4 years ago and paid them off. I would like to establish credit again.

Melvin

Comments (2)

June 22, 2010

Is there a difference between secured and unsecured credit cards ON YOUR CREDIT REPORT?

Filed under: Credit — Tags: Cards Credit, Credit Report, Credit Score, Secured Cards, Unsecured Credit Cards — admin @ 8:13 am

D B asked:

I know the difference between the two cards, but I want to know if there is a difference between the two on your credit report. For example, would it be more beneficial to have an unsecured card for your credit score? Or does it not make a difference which card you have?

Betty

Comments (4)

June 21, 2010

How can I improve my credit score? Should I cancel all of my credit cards?

Filed under: Credit — Tags: Cancel, Credit Cards, How Can I Improve My Credit Score, Improve Credit, Mastercard, Mastercard Visa, Score Cards, Zero Balance — admin @ 11:51 am

co-worker asked:

I have three different major credit cards- all Mastercard and Visa. Two of them have a zero balance but are still open. One has over $2000 on it, which I have been paying off and I am in good standing. Is it better for my credit score to close my zero balance cards or to just lower my available credit?

Dean

Comments (4)

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