| Subject | Date Asked | Expert |
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| credit score | 11/20/2009 | Gary Lambert |
Q: is it better to carry a 30.00 balance on my two credit cards or pay off the 30.00 balance and pay ...
A: Two years? "Ongoing and consistent" means forever. When you stop using credit, your score will ...
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| credit score | 11/19/2009 | Gary Lambert |
Q: is it better to carry a 30.00 balance on my two credit cards or pay off the 30.00 balance and pay ...
A: Regarding credit cards, your maximum credit score will be achieved by keeping a balance on your card ...
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| paid of my car loan is it a negative thing om my credit | 11/17/2009 | Yan Ross |
Q: am sonia from US, am worried about my credit i paid my car loan and they put that it on my credit as ...
A: SOnia, and thanks for your question. You are correct -- paying off your car loan (assuming it was ...
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| settlement of credit card.... | 11/6/2009 | Regan Shinski |
Q: I have reached a settlement with a credit card for approximately 70% of the balance. I had a ...
A: I can't answer that because I don't know the terms of your settlement and original contract. In ...
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| Charge-offs that have been sold | 11/4/2009 | Yan Ross |
Q: I had numerous accounts that I fell behind on as a result of an auto accident that left me unable to ...
A: Mery, The situation you've described is a bit of a moving target. The charge-off by the original ...
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| judgments | 10/24/2009 | Regan Shinski |
Q: I kept my ex on my health care and he had surgery and never paid his bill ,well hospital got a ...
A: If an open judgement is removed from your credit reports, your score should go up. Unfortunately, ...
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| should i get another credit card | 10/22/2009 | Regan Shinski |
Q: I only have one credit card, Mastercard. I've used it for many years and have good credit. But I am ...
A: I have never had a problem with the major sites but that does not mean others have not. You can ...
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| should i get another credit card | 10/22/2009 | Regan Shinski |
Q: I only have one credit card, Mastercard. I've used it for many years and have good credit. But I am ...
A: Lee: It is nearly impossible for me to predict with 100% certainty what you need to do to be able ...
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| 'check cards' and credit standing | 10/22/2009 | Gary Lambert |
Q: I have a Mastercard and a Visa card. Even though the Visa card looks just like a credit card, it is ...
A: Well, I also have 15 years experience in the mortgage industry. I can tell you that we ...
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| variable APR...Chase Bank | 10/21/2009 | Regan Shinski |
Q: I have 2 credit cards, a visa and mastercard. The Mastercard is with Chase and I just got notice ...
A: No. That is a "debit" or "check" card as you mentioned. These are typically not reported to the ...
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| 'check cards' and credit standing | 10/21/2009 | Gary Lambert |
Q: I have a Mastercard and a Visa card. Even though the Visa card looks just like a credit card, it is ...
A: The answers are no and no. A credit card will charge interest and allow you to pay back amounts ...
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| variable APR...Chase Bank | 10/21/2009 | Yan Ross |
Q: I have 2 credit cards, a visa and mastercard. The Mastercard is with Chase and I just got notice ...
A: Lee, I expect the "customer service representative" was reading from the script or talking points ...
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| variable APR...Chase Bank | 10/21/2009 | Yan Ross |
Q: I have 2 credit cards, a visa and mastercard. The Mastercard is with Chase and I just got notice ...
A: Lee! This is a time of great change in the credit card industry -- there are no easy answers to ...
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| variable APR...Chase Bank | 10/21/2009 | Regan Shinski |
Q: I have 2 credit cards, a visa and mastercard. The Mastercard is with Chase and I just got notice ...
A: There is no question it is the trend. There are a lot of reasons not the least of them is simply ...
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| "charge off" plan of attack | 10/15/2009 | Yan Ross |
Q: To simplify, I have struggled personally and professionally for five years. Recently started to get ...
A: Dee, You certainly have a lot of moving parts in your financial situation. As you might expect, it ...
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| Building Credit | 10/12/2009 | Gary Lambert |
Q: .. Soon after I turned 18 I began applying for credit cards so that I could get one and start ...
A: It sounds like I can help you stay on the right track. The overall comment I want to make is for ...
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| Sister's car in my name | 10/12/2009 | Regan Shinski |
Q: About four years ago, my sister went to get a car but was told she didn't have any credit history. ...
A: You did not send this question to me. It was sent to the question pool, so I'm sorry if there was a ...
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| closing account | 10/8/2009 | Regan Shinski |
Q: I have a credit card at bank of america and have recently received a letter. They made an amendment ...
A: In theory you do not need to do this. BOA should report it properly and usually the creditors DO ...
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| Fraudently opening a joint account | 10/8/2009 | Yan Ross |
Q: My husband got a credit card and added me as a joint account holder without my knowledge. I tried ...
A: Tina, You still have the right to send a written statement of up to 100 words to each of the credit ...
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| Same Student Loan Reported Twice on Credit Report | 10/7/2009 | Yan Ross |
Q: I have a $28,221 student loan with ACS. This appears TWICE on my credit report, the same opening ...
A: Tiffany, Although you did not mention which of the credit reporting agencies carries the duplicate ...
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| Dispute | 10/2/2009 | Regan Shinski |
Q: I've began to repair my credit on my own. Over the years I have kept an eye on my credit report. I ...
A: I would not dispute the report date. It's the date the creditor reports it. They are under no ...
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| secured card | 9/29/2009 | Yan Ross |
Q: ross! in 2007 i was the victim of a crime called kidnapping by false pretenses. during this time, ...
A: James. To respond to your specific question, I am not aware of any particular secured card issuer ...
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| prepaid card | 9/29/2009 | Regan Shinski |
Q: .in 2007, i was the victim of a crime known as kidnapping by false pretenses. during the ordeal, my ...
A: You did not send this question to me it was forwarded to the question pool, but I thought I might be ...
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| Settled installment loan | 9/26/2009 | Regan Shinski |
Q: Due to a change in employment fall of 2008, I approached JP Morgan Chase about a settlement for less ...
A: What exactly is being reported? It is a single "settled for less than full amount" or a history of ...
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| Credit repair in Ohio | 9/25/2009 | Regan Shinski |
Q: I am a 63 year old Ohio resident trying to get a $13,000 new car loan and have been denied even by a ...
A: A secured card is a wise thing to do. I believe, at this point, it is your only option. I believe ...
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| poor credit credit cards | 9/23/2009 | Gary Lambert |
Q: About 4 years ago I accumulated a few defaulted accounts. I am paying most of them back now. But, ...
A: Realistically, I would want to review your credit reports (Experian, Equifax and Trans Union) to see ...
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| OMG | 9/20/2009 | Regan Shinski |
Q: You sent me a very good, detailed plan for getting my debt under control yesterday 9-19-09. I ...
A: There are a lot of factors that go into negotiating a settlement or reduced terms. A big factor is ...
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| OMG | 9/19/2009 | Regan Shinski |
Q: I make about 3k per month gross. My mortgage is $534.00 per month. My car is paid off. OMG. I have 3 ...
A: I can't make the decision for you, but you basically have four options. 85% of a $3,000 gross is ...
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| joint debt | 9/17/2009 | Regan Shinski |
Q: I recently am divorced and my husband and I have some joint accounts that he is suppose to take ...
A: Like many questions I receive, there are a few points at play here. If they were legitimately your ...
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| paid in full debts | 9/17/2009 | Gary Lambert |
Q: I have a bill in collection that started at $3200. I have been making payments monthly of $200. My ...
A: No, your credit score doesn't care how you paid it off. There are a couple of ways to look at this ...
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| Paying Too Soon? | 9/11/2009 | Regan Shinski |
Q: Nearly 6 weeks ago, I paid off all my credits card and my credit score (at least on one report) went ...
A: No, I believe your concern is unfounded. It is better to pay off your cards as soon as you can and ...
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| DIfference in Credit Scores | 9/5/2009 | Gary Lambert |
Q: I use experian which says my score is 650 where credit karma says it's 550. Which is more accurate? ...
A: The answer to your question depends upon several variables. Traditionally, there are three major ...
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| Insufficient Credit | 9/5/2009 | Regan Shinski |
Q: Love your name btw. I have applied for several different credit cards and have been denied every ...
A: Interestingly enough, your name is one of my all-time favorites as well :) The first thing you ...
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| RAISING CREDIT SCORE FAST | 9/4/2009 | Regan Shinski |
Q: As of 9/2/09, my credt scores were as follows: 701 Experian; 615 Equifax; and 600 Transunion. I ...
A: Carolyn: This may be difficult to accomplish in the 3-4 week time period you stated because any ...
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| Credit scores | 9/2/2009 | Regan Shinski |
Q: I have 11 credit cards. I don't owe anything on any of them ($0 across the board) Myif I start ...
A: Yes, that sounds fine. I would kind of refer back to my original post. I would only close accounts ...
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| Credit scores | 9/2/2009 | Regan Shinski |
Q: I have 11 credit cards. I don't owe anything on any of them ($0 across the board) Myif I start ...
A: Kevin: There is the possibility of your scores going down if you close accounts. What factors in ...
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| DECEPTIVE PRACTICES | 9/1/2009 | Yan Ross |
Q: MY CREDIT CARD COMPANY SOLICITED ME TO BORROW MONEY AT A LOW RATE OF 3.99% AND AT 2.99% FOR THE LIFE ...
A: Wynn, Unfortunately, you are experiencing a common problem with the practices of credit card ...
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| Debt Older Than 7yrs | 8/27/2009 | Regan Shinski |
Q: I read your response to a question regarding an account that was established in 2001 and therefore ...
A: Credit companies and collection agencies, have been known for "re-aging" bad accounts making them ...
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| The death of credit | 8/26/2009 | Regan Shinski |
Q: First off...thank you for such a wonderful site and all the experts giving great advice. OK now ...
A: Kevin: I will try to answer your questions as you gave them: 1.) In general, paying off debt will ...
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| Paying a debt. | 8/24/2009 | Regan Shinski |
Q: I opened a finger hut account back in 2001 when I was young and never payed it. Since then fingerhut ...
A: The key to this question (credit-wise) is the date of first delinquency. That is when the account ...
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