Posts Tagged ‘ credit card ’

Bankruptcy may prevent qualifying for a credit card

Dear Experian, How can I get a credit card after a bankruptcy so I can rebuild my credit? - MBD

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No credit history despite having several open accounts

Dear Experian, I recently tried to apply for a car loan. They told me I was denied because they could not find any of my credit history information. I have a few credit cards from department stores, so I'm not sure why this happened. What can I do to have my information updated? - BMR

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Utilization rate may be cause for lower scores when you have few accounts or low credit limits

Dear Experian, I only have one debt which is less than $1,000. I also have two credit cards. Together they have a balance of about $2,000 each month, but I pay them off monthly. Why isn’t my credit score higher? - KCE

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Sharing the security code on your credit card

Dear Experian, I purchased something by phone recently and was asked for the security code on the back of my credit card. I thought it was strange, but she said she needed it to complete the transaction. I heard on the news that you should never give that out. Is that true? - EGX

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Making multiple payments each month can help credit scores

Dear Experian, I tend to make more than one payment per month on my credit cards accounts. Will this raise my credit scores? - STA

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Experian does not extend credit or provide credit cards

Dear Experian, How can I get a credit card with Experian? - SHL

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Secured credit card can help build credit history and credit scores

Dear Experian, A bank has a new credit card for those with poor credit. They say you have to put down a $300 deposit, and after that deposit they'll give you the card. The bank told me it will help me bring up my credit score. Is that true? - ERL

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Credit card paid in full but does not show zero balance

Dear Experian, I pay my credit cards off in full before the payment is due, yet my report shows a 60 percent utilization ratio. Why is this happening and how can I prevent this besides getting more available credit or not using my cards? - RBR

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Benefits of paying a collection account

Dear Experian, I have a credit card account on my report that has gone to a collection company and was written off by the credit card company. If I make a deal with the collection company to start a payment plan and pay this off, will it affect my credit in a positive manner or is it too late for that? Also, does the collection company have to report the timely payments to you to show it is being paid? - SCH

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Using one credit card for all purchases can be a smart financial strategy

Dear Experian, I have a rewards card that I use to earn miles. I have developed a habit of using it for every purchase and then paying it off online right away (not even waiting for my billing statement). That way, I'm not stuck with a huge credit card bill each month. Would this practice affect my credit score? - ADS

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Going over the limit on your credit card

Dear Experian, What happens if your credit card goes over your limit? What are the best options in your opinion? - JNT

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Deciding when to close credit cards with zero balance

Dear Experian, I am thinking about cancelling a few credit cards that have a zero balance that I don't use but have a great payment history with. How will this decision on my part affect my credit scores? - ABF

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Which credit card to start paying first

Dear Experian, Which credit card bill should I pay first? I had a credit card closed by the company because the bank is going bankrupt. On my credit report they list that the account was closed by the consumer, that I have $0 credit available with a balance of $2,568 and an APR of 35.5%. I also have an open credit card with a credit limit of $3,500 and only $80 available (it's maxed out). The APR is 10.99%. - TAS

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Should you sign your credit card or put “See ID”

Dear Experian, Should we put "See ID" or other verbiage on the back of our credit cards instead of actually signing the credit card to force retailers to check our identity? - ORI

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