All Questions
12
questions
3
votes
0
answers
345
views
How does “Velocity Banking” actually work?
I’ve seen this mentioned a few times now in various financial articles, but it smells like some kind of “system” a gambling addict would come up with to “beat the house”. Doing a web search on it, I ...
- 309
2
votes
1
answer
155
views
How fast will my credit score increase?
I have 12k in students loans (all of which isnt required to start making payments until Q4 2021) owed to non-government lenders, and have roughly a 1.5k credit balance currently, with 3 lines of ...
5
votes
4
answers
208
views
Is there such a thing as a truly preapproved credit card or loan?
I receive quite a few "preapproved" credit card and personal loan offers in the mail. These invariably include an application form and a disclaimer that the card or loan might not be granted if ...
- 1,003
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
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
1
vote
2
answers
103
views
What are my best options if I don't have a lot of credit lines for housing loans?
I've been denied for a pre qualify loan by Bank of America for a house recently due to having insufficient credit lines. I do have a credit score that is good and everything else is fine. I think it ...
- 11
2
votes
3
answers
191
views
Does it improve my credit if I pay my credit card bill off several times a month as I use it?
I have a secured credit card of $200, if I used 30% (about $60) in the first time and pay my credit card balance in full after one week, then spend another $60 and pay it after a week, and continue in ...
- 21
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
23
votes
4
answers
5k
views
Would it be advantageous for me to pay off these two credit cards and cancel them with a 401k loan?
I'm considering taking a loan on my 401k in order to pay off and close 2 credit cards. I have approximately 30 years until I consider retiring. The amount of the loan will be $1700 which is less ...
user27010
19
votes
6
answers
4k
views
What should I do with my credit card debt?
I have almost $20,000 in credit card debt and, though I have stopped accumulating it for quite a while now, I'm trying to figure out the best way forward. Can someone please offer advice based on this ...
- 255
1
vote
2
answers
1k
views
Can I use 0% Intro APR for getting a car loan?
When I'm applying for a chase credit card it has 0% Intro APR for 15 months. This is my first time for applying a credit card. And I just started a few months ago started working so I have a proof of ...
- 13
5
votes
4
answers
10k
views
How to pay bills for one month while waiting for new job?
I recently, and unexpectedly, lost my job. Because I had summers off (no paychecks either), I've been using my credit cards for most purchases, saving what cash I had saved from the previous year to ...
- 153