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Would applying for card affect my credit?

[April 13th, 2016]

Yes, your credit score may change. First of all, when you apply for a credit card, an issuer will make a hard pull to see your credit report(s). Once you are approved, a new credit account will appear on your credit reports. This will shorten your overall credit history, increase your overall available credit, and […]

I am full-time employee. I am at poor credit rank <600. My monthly credit card payments are more than $2,000. My debt is around $25,000 or less I seek balance transfer credit card so that I can have improved credit rank. I am open for personal loan. I am not interested to apply for a credit card (online purchases).

[December 11th, 2015]

Since your credit is bad, you won’t be able to get a credit card with 0% intro APR on balance transfers. Also, the credit card issuers may not approve you for a credit card even with the minimum line of credit. You can try getting a personal loan though. Some lenders allow co-applicants, which will […]

Why can’t I get an unsecured credit card from a company that says it’s for bad credit?

[May 9th, 2015]

There are different things credit card issuers look at when you apply for a credit card. So, even if you apply for a credit card for people with bad credit, the issuer will still check if you have a bankruptcy and if you have late payments on your loans. You can contact the issuer to […]

I am a student. I have a checking account but I am unemployed. Can I use my father as a co signer since he supports me?

[September 30th, 2014]

Yes, you can. You can also apply for a student credit card without a co-signer. If a credit card issuer decides you need a co-signer, you will be notified.

Why my credit inquiries affect my credit?

[September 25th, 2014]

Your credit is not affected when you request your credit reports. But if those inquiries are made by a creditor, your score can be affected. The more inquiries you have, the greater impact it will have on your credit. So, if you apply for several credit cards within a short period of time, you thus […]

There are several credit score websites but they all give different scores. Which one is accurate?

[August 29th, 2014]

There are three major credit bureaus: Experian, Equifax, and TransUnion. You can get one free credit report from each of the credit bureaus. Your scores from these credit bureaus can a bit differ because not all creditors report your credit activity to all three bureaus. And every credit bureau has its own formula to calculate […]

I need a small business credit card but I have a bad personal credit. How can I separate my business and personal credit history?

[August 22nd, 2014]

To qualify for a business credit card, your own credit history should be at least average. Once you have a business credit card, the credit card issuer will report your company credit activity to a business credit bureau. You will thus have a separate credit history for your business. Try to improve your current credit […]

What is an annual fee? I have a credit score of 578 and am working with a credit agency to raise my credit score, I’m looking for a credit card that has a low to no interest rate at least for 18 months, and after the 18 months I still need the interest rate to be reasonably low. What’s your advice for me?

[August 21st, 2014]

Annual fee is a fee you should pay the credit card issuer every year you use the credit card. Annual fee is usually charged at the beginning of every year of your card membership, but some issuers can divide the annual fee into twelve equal charges and charge it monthly. Your current credit score is […]

I would like to know how does the loan process work.

[August 19th, 2014]

When you submit your application, a lender will determine the amount you can be given or agree on the amount you indicated. The amount of loan depends on your credit score and your creditworthiness. You also should have a bank account which accepts deposits. Once approved, a lender will deposit your loan into your bank […]

How to find a no-limit credit card?

[August 19th, 2014]

You won’t find a credit card with no limit but you can find a card with no pre-set spending limit. For example, the Citi® Hilton HHonors™ Visa Signature® Card does not have a pre-set spending limit but it does not mean unlimited spending. It means that each charge that causes your new balance to exceed […]