All Questions
10
questions
3
votes
1
answer
575
views
How do I update my address with Transunion and Equifax and what are they?
I recently applied for a credit card with a bank I had never done business with before. One day I got a confusing call from them. From what I understood Equifax and Transunion have an old address on ...
- 264
2
votes
1
answer
120
views
Does it make sense to open a lot of no-fee credit cards to reduce credit utilization?
Within a week of starting to my new job, I am planning to open a lot of (5, maybe more) no-fee credit cards in order to lower my credit utilization. I am not planning to use any of these new cards at ...
- 21
48
votes
12
answers
12k
views
How can sister protect herself from impulse purchases with a credit card?
My little sister is 18, and currently has a bank account with a debit card. She and mom believe it might be time to get her a credit card, mostly to build up her credit rating than out of necessity.
...
- 463
19
votes
4
answers
5k
views
How does holding onto an active but un-used credit card affect your ability to get a loan?
I was debating with my friend about my old credit card.
His view is that holding onto an unused credit card is bad for my credit b/c it will count as potential money I can borrow in an instant and ...
- 415
0
votes
1
answer
184
views
Credit Utilization and Score. Early re-payment
I feel like this may result in the same unanswered question but I'm gonna ask it anyway just in case we can get a definitive answer.
Does paying off your credit card (before a statement is generated) ...
- 101
2
votes
1
answer
640
views
Does increasing credit limit on corporate card affect personal credit score?
An individual has a corporate credit card under their own name where the company reimburses them for expenses into their personal bank account. Corporate credit card bills are paid by the individual's ...
- 247
2
votes
0
answers
166
views
How soon (after your first credit card statement ever) do you get a credit file/history in Canada?
How many days after your first credit card statement EVER does one get a credit report on file with one of the two Canadian bureaus? I'm trying to develop Canadian credit on my first credit card and I ...
- 361
0
votes
1
answer
409
views
To prevent credit score decreases, what are the optimal frequency and number of credit card applications in Canada?
The bolded seems anecdotal; is there any official source?
http://www.moneysense.ca/debt/know-your-credit-score: While you can check your own credit as many times as you’d like, others can only ...
user10763
3
votes
1
answer
155
views
How does it influence the credit score if the credit card was used in the past, but not in present
If I own a credit card and I used it for a while (say 6 months) and after that I decided to stop using the credit card and use my debit all the time.
How will this influence my credit score?
Being ...
8
votes
3
answers
33k
views
Are there any consequences to having a negative balance on a credit card?
I have two credit cards, a VISA and a MasterCard.
I primarily use my MasterCard and only use my VISA when MC isn't accepted. I went about 18 months without using my VISA (I didn't use it at all in ...
- 183