All Questions
27
questions
0
votes
1
answer
298
views
F1 visa and credit card debt
I am currently in the US on an F1 visa and I have over 4000$ credit card debt (4 maxed out credit cards). I make on time payments each month and should pay it all within a year. Can I leave the US and ...
- 1
-2
votes
1
answer
125
views
How credit score is improved after debts are paid off
Here is a scenario for the credit score improvement I am interested in. Suppose a person can not pay the credit card debts for over 6 months. This is very bad for his credit score because unpaid cards ...
anon
1
vote
1
answer
165
views
Does overpaying credit card to pay a much larger sum than your credit limit to get cashback negatively impact credit score?
I am an immigrant and the concept of credit cards is fairly new to me, I understand it enough and know that using more than 30% percent of your credit card can hamper or negatively impact my credit ...
- 13
12
votes
3
answers
7k
views
Is it common practice for credit card company to demand to see your income tax forms?
I recently applied for a credit card that my wife has. I was responding to a great offer that I believe this credit card company sent me based on my good credit score and so on.
When I applied online, ...
- 355
4
votes
4
answers
925
views
Should I open a second credit card just to improve my credit score?
I have one credit card, which is the only line of credit that I've ever had. I've never missed a payment, keep my credit utilization ratio reasonably low, and haven't had any other negative impacts on ...
- 205
-1
votes
3
answers
201
views
Paying more than your monthly credit card balance?
When is it a good idea to pay more than your monthly credit card balance? When does that help, when is that not worth doing / doesn't do anything? Why is that a good idea? Does that help your credit ...
- 321
4
votes
3
answers
234
views
Will hard pull affect my credit score even if I don’t currently have one?
Background
I’m an international student who is currently on OPT
I just received my SSN 2 months ago
I have never applied for any credit card at any bank in America
I don’t have any student loan or ...
- 53
0
votes
2
answers
175
views
What is the effect of closing an account immediately after it is opened?
I applied for a credit card, intending to use an offer for no interest for X months on a purchase from the retailer offering me the card. They accepted the application, but informed me that I couldn't ...
0
votes
1
answer
195
views
When does credit card utilization matter?
I'm learning more about credit before I get a credit card, and I read that it's advised to never use more than 30% of your credit card's limit.
Let's say someone has a $2000 credit line and he spends ...
- 103
3
votes
1
answer
137
views
first credit card for H1B worker
I see a question Looking to get my first credit card but that seem to focus on students. I have a friend, who just came on H1B with zero credit history. The bank that has the regular account for him/...
- 1,245
2
votes
1
answer
3k
views
Does paying off my credit balance before the due date for a lower utilization rate hurt my score?
Last month I opened a cash rewards credit card with Bank of America. I am worried about my credit score, as my first closing date was the end of September. I paid off the balance that I used a ...
- 23
5
votes
3
answers
533
views
Can you hurt a nonexistent credit score?
I am a student, I just started my sophomore year. I have always been very financially responsible. Now, I want to start building my credit, so I did my research and applied for a student credit card. ...
1
vote
2
answers
288
views
Credit Report debt expiration limit: original creditor vs. Collection
I am confused about how the statute of limitations with regards to debt applies to what is reported on an actual credit report from the 3 credit reporting agencies in the United States. Researching ...
- 11
2
votes
3
answers
431
views
Is it ok to have multiple life time free credit cards?
I am currently having two life time free credit cards. These cards do not charge any annual fees. And another bank is offering me such credit card. I was thinking if I should go for it as
its rare ...
- 173
21
votes
5
answers
5k
views
Confused: Should I be opening more no annual fee credit cards to improve my score with the intention to not use them?
I was told that having more cards and more open accounts was more of a risk factor since you have more credit to abuse. However, this seems to say otherwise that credit trackers actually encourage you ...
- 1,199