Questions tagged [credit-score]
A credit score is a weighted number computed to determine your credit worthiness, and is relevant when arranging for credit or a loan. This tag is to be used for questions related to understanding how things would impact your credit score. Related tags are credit-history, credit-rating and credit-report.
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Get car loan w/ part time job as student with no credit, no-cosigner but no expenses
This is the only place where I knew to turn for a question like this. I am a student (if that will make me look better to the loan officers), but I'm fairly certain I have no credit. I took out a ...
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Closing unused credit cards: how much will it really hurt?
I have three credit cards, but I only use the newest. I pay it off in full every month, and the two older credit cards haven't seen a single transaction in over a year. None have an annual payment, so ...
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Credit rating in Germany
A multitude of questions address the issue of credit ratings and FICO scores in the US and other countries. I am however specifically asking how credit scores (SCHUFA) work in Germany. From various ...
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My credit score has been erased. What happened?
In 2006, I bought my first car with a loan. In 2008, facing a number of emergencies, I took out a credit card and maxed it out. I worked hard not to miss a single payment on either and to pay off the ...
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Automatic transaction on credit card to stay active
I have 4 credit cards.
I use 3 of them frequently for individual purposes as they offer different cash back for different things.
However there is one that I rarely use. Is there a way to set up ...
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Closing a credit card with an annual fee without hurting credit score?
I took a hit on my student loans when I graduated into an economy without work, so my credit score went into the tanker a bit. Since then I've been making all my payments, everywhere, on time. Now my ...
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Do I have to pay interest to increase my credit score?
I am going to ask this oft repeated question one more time because:
I have heard many of my friends say that the best way to increase your credit score is to take a loan ( at an interest) and then ...
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What risks am I taking if my well-off close friend is asking to use my credit to flip a property?
I have very good credit that I've worked hard to obtain. My friend has flipped a few properties and made some good money doing so. He wants to pay me a fee along with any taxes I'll endure if I put a ...
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Is it worth it to take a car loan to improve credit ratings?
I've been considering buying a car recently, but I know that, as I am young, I don't currently have a credit score, as I really haven't needed credit up until now.
So, would it be better to take a ...
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Getting a credit card exclusively for the sign-up bonus
There are quite a few credit cards with exceptional sign-up bonuses (and then fairly average terms). If I signed up for one, fulfilled the spending conditions for the signup bonus, used that bonus, ...
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Will moving my debt from one credit card to another affect my credit score?
I have a card that is 50% used with 7% interest. The max credit limit on the card is $10,000, and I used $5000. I have another card that is $14,000 and I have $2900 used, but the interest is 14.9%. I ...
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How to properly use a credit card
I am a first time owner of my own credit card. I got it with the purpose of building my credit to be able to receive loans for cars/house and things of that sort.
I have amassed some student debt, but ...
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Can I preemptively pay my credit card bill before a charge is posted?
Today, I paid a $1000 bill with a credit card that has a $1500 credit limit. (Note, I have changed the numbers slightly here, but the ratios are roughly correct.) The bill has not yet been posted to ...
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What kind of an impact does moving have on your credit (score)?
Being an international student, the room I rent near campus has been my domestic home address since I came here to study.
Now that I am working at a place quite far from campus, I would like to ...
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How does a non-uniform utilization across your credit cards affect you?
I have three secured cards with me, one of which gives me rewards for gas and another for online purchases.
The third one is a Mastercard - I use that only where my VISA cards do not get accepted.
...
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