Q: I had credit scores around 740, that before I was 30 days late twice in 4 months on three credit cards with different issuers. I am currently settling credit card debt with Bank of America. I had to take a much lower paying position, hence must settle. The deal is quite good, settling $12,000 in credit card debt for $3,800. Wells Fargo and Capital One will be next. My main concern is...
Q: I have 8 credit cards and have decided to pay them in full to keep them all with zero balances. Want to boost my credit score. I am currently at 652 with TransUnion. I am going with cash only. Do you think, some credit cards can be closed due to inactivity? A: Depends on a bank a given credit card is from, your overall credit picture and who knows what else. I normally rest my...
Your credit can be the difference in getting that loan, credit card or even the job you want as employers are looking more at credit history. Knowing what goes into your credit score and practicing good borrowing habits has never been more...
