Archive for February, 2010

How exactly does a credit card work?

Sunday, February 28th, 2010

indrep33 asked:

I want to apply for a credit card that starts out with a minimum credit line of $300. If I get it, it will be my first credit card. If I get the $300 credit, I want to make a purchase for like $200. Is this a good thing or a bad thing to do? Can someone give me some good tips on handling a credit card without getting bad credit?
I will mostly be using this card trying to start an at-home business.
Ya mama b*tch. Eat my p*ssy, h*e!!!
Oh, rudecatt63, you’ve hurt my feelings ever so much, I’m going to cry….NOT. For someone who keeps visiting the GLBT section and has a rainbow in they’re background, you sure do do a lot of gay bashing. Self hate is so stupid. But then again if I were you, I would probably hate myself too.

Is credit card debt considered an open account or a written contract?

Sunday, February 28th, 2010

Stephen S asked:

I live in the State of Georgia and am being sued over an old credit card that I defaulted on. It has been more than 4 years but less than 6 years since the date of default, so depending on whether credit card debt is considered an open account or a written contract in the State of Georgia, the Statute of Limitations may or may not apply. The Staute of Limitations is 4 years for open accounts and 6 years for written contracts. Does anyone know for certain which type applies for credit card debt in Georgia? The account is with Citibank MasterCard and was opened in the late 80′s or early 90′s. Thanks.

How much of my credit card do I need to have paid to improve my credit score?

Sunday, February 28th, 2010

Janie asked:

When I turned 18 I knew I needed credit cards to grow credit. When I reached the $500 limit on my first card and the $2000 limit on my new card when I found that this was not good for my credit. I hear that as long as you don’t spend more than half of the available balance your credit will be fine. Is this true?

What is the best credit card to apply for for the first time?

Saturday, February 27th, 2010

flori0009 asked:

I have years of excellent on-time rental history, however I have no credit because I’ve never been in debt (always pay bills on time) go figure. I was wondering which credit cards I could apply for, for the first time. Wal-Mart Credit card rejected me because I have no credit, and I’m just looking for something small so I can put things on the card and pay them off quickly to establish some sort of credit. Any suggestions?

What is the best credit card to get for a college student?

Thursday, February 25th, 2010

Rose asked:

I would like to know which credit card is best since I am a college student. Some people tell me it’s “Capital One” other say that’s the worst since they get unknown charges, others say that the credit card from your bank is better. So which credit card has been best for you guys??? This is my first time getting a credit card (in which I hate them’ cause u get addicted to it) so I have no idea of which 1 to get.

What credit card is best for a first credit card, and you have limited history?

Tuesday, February 23rd, 2010

Tay asked:

I just turned eighteen at the end of February, so I have limited credit history.
I was wondering what credit card is used for building credit, and would be the best choice for a person getting they’re first credit card.

What happens to credit score if you close a store credit card?

Tuesday, February 23rd, 2010

bluetsuki32 asked:

I have a few store credit cards (Macy’s, Banana Republic, etc) in addition to a major credit card. I want to cancel some of the store credit card, but I don’t know how that effects my credit rating. I think closing credit cards in general lowers credit scores, but what about those store cards?

credit card?

Tuesday, February 23rd, 2010

peggy s asked:

im planning to go out of the country, but i have a credit card problem which is im not paying for it for like 2 years,would the credit card compay would hold me? or would they file legal case against me because of my credit card and wouldnt able to go out of the country?was this happening due to credit card problems?

What is the ideal credit card for a college student to get?

Monday, February 22nd, 2010

yeahhh asked:

I am looking to get a credit card basically for emergency purposes (mostly for those unexpected car repairs) and christmas time when I don’t have the money for gifts (I have a large family). What would be the ideal credit card for me to get? I have2 store credit cards, which are always paid off before I even recieve the bill, and an excellent credit score due to those cards, and student loans. I am looking for a card that doesnt have an annual fee, any suggestions?