Q: Does using a credit reduction company affect your credit score?
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Q: Earlier this year I got my free credit reports and my credit rating was 800, but was still classified as "B" because of debt to credit ratio. Recently, to my great surprise, my credit card companies started to lower my limits to exactly the amount I owe. I had consistently kept my balance under half of my available credit so that my rating would be GOOD! How can they do that with no warning and no reason?
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Q: When credit accounts are divided in a divorce settlement, what is the effect of removing former spouse as authorized signer or joint owner ? Do these accounts need to be closed ?
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Q: My credit card company raised the minimum payment from 2% of my balance to 5% of my balance. Can they do this?
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Q: I made a one time automatic payment with my credit card, but my credit card company keeps billing me ever since then. I called the company that I made payment to and was told that they are not aware of such payment. When I contacted my credit card company, they credited back my account and apologized. But they have started again to deduct the same again. Can I sue?
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Q: My husband recently passed away and I have been told that I am not responsible for his credit card debt, my name was not on this card and he died without any assets. Will this affect my credit score if I do not pay the balance due on this card? We also have a card in both our names with another company.
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Q: Last month I got a bill for my credit card and it was $1351.54. I had charges of $245.36 which I had not been billed for yet. I decided to completely pay off my credit card and close it. I paid a total of $1596.90 online and closed the account. Today I got a bill showing my payments and previous balance and new charges and a new balance of $29.88!
If they are billing my interest daily, I can never pay it off, because by the time they get the money and post it, I owe more interest!
Any suggestions? I have emailed them but not gotten an answer yet
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Q: If I get put on a couple of my parents credit cards as an authorized user will their positive credit history reflect on my credit report?
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Q: I entered the U.S. under a refugee resettlement program a year ago. So I do not have any credit history. Within this time I have applied for two secured credit cards. One with $500 credit limit(opened since Jan 09)and the other with $1000 credit limit (opened 2 months before). Both these cards are from different banks. I use more than 80% of my credit limit each month and pay the balance in full. How long you think it takes to built an excellent credit history/score with the way I am currently using my cards?
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Q: I have no credit, how can I get a credit card? I have a checking and a savings account and I have a debit card but when i apply for credit cards I keep getting denied. So how can I get a credit card?
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