All Questions
11
questions
2
votes
2
answers
292
views
Are prepaid credit cards a form of secured loan?
I was reading about different factors that determines credit score. One of them is having a "good credit mix" (IE having a healthy mix of secured (such as home loan, auto loan) and unsecured loans (...
- 121
1
vote
2
answers
274
views
Which debt(s) to minimize first to improve credit most quickly?
Current score is ~650. Looking to improve my credit as effectively as possible, as I'm looking into houses after getting married next summer. I'm coming off of a tougher employment patch so very much ...
- 113
2
votes
1
answer
206
views
How long should someone wait to apply for a secured credit card after having been deliquent on a loan payment?
Someone failed to make payments on a college loan for an extensive period (8-10 months). Their credit score has, as a result, dropped to 550-575. They have since paid off their overdue balance and ...
- 173
0
votes
1
answer
1k
views
Does closing car loan lower credit score?
The final payment on my car loan is due in December but I made a payment for the total payoff amount this month to close the account. The only account I currently have open is a credit card. Before I ...
- 1
3
votes
1
answer
755
views
About to pay off car loan, how to maintain credit score?
I will soon be finishing paying off my car loan (yay!). This will be paid off with what is a normal monthly payment, not a large sum I'm throwing at the loan, so stretching the loan out longer (if I ...
- 1,322
4
votes
3
answers
853
views
High credit utilization, some high interest - but credit score not overly bad. How to attack debt in this situation?
I presently have:
Credit Card, £2250 balance, interest rate of 17.43%
Credit Card, £1500 balance, interest rate of 39.9% (3.5% min payment)
Credit Card, £2400, interest rate of 34%
Overdraft of £1300
...
- 43
29
votes
7
answers
21k
views
Making a big purchase over $2500. I have the money to cover it. Should I get a loan or just place it on credit?
I am planning to make a big purchase. I have the money in savings to cover it, but I don't want to drop $2500 all at once if I can avoid it.
I have a credit card with a $9000 limit, but I know that ...
- 1,199
3
votes
2
answers
146
views
How can I judge loan availability?
I want to apply for home loan ( I am from India ). But I did not know If I am qualified for loan or not.
Previous history is that I already have a home loan for a property through my family. That ...
- 157
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
2
votes
3
answers
492
views
What mix of credit lines and loans is optimal for my credit score?
Mint.com just told me my credit score. It says in the advice section:
Try to have a good mix of credit lines open.
Creditors like to see that you have both loans and credit cards. If you're low ...
- 203
38
votes
8
answers
4k
views
Optimal way to use a credit card to build better credit?
I have a credit card with a $700 limit and I am curious how to optimize credit gain with it. Right now, I use it once a month (usually on something small like a drink from a convenience store or ...
- 719