Saturday, December 17, 2011
How long before a credit card charge shows on account?
If I run my debit card as a credit card how long does it usually take to draft from my bank account? Lets say I pay for groceries with it on credit, when might the cash show as being taken from the account?|||This is something that varies from bank to bank, and should really be asked of your financial institution that issues your card. Relying on advice here might put you in an awkward situation if something goes awry.|||When it comes to making purchases with a Visa or MasterCard branded debit card, the choice between "Debit" or "Credit" only selects the path the transaction takes through the banking system. The credit card option often costs more to process, but in either case, the money is deducted from your account as soon as your bank gets wind of it. Usually that's in just a few moments.|||Mine show within 24 hours.
What are some legit credit card companies that will offer me a card even though I have a bad credit score?
I have never owned a credit card and I owe collections $400. Does anyone know where I can get a credit card offer regardless of my bad credit score?|||Start at your bank.
Go for a prepaid or secured card first. This will allow you to build credit without going into debt.
Otherwise try Sears. It's also a good start, easy to get, and usually such a tiny limit that you can't get into trouble.
Go for a prepaid or secured card first. This will allow you to build credit without going into debt.
Otherwise try Sears. It's also a good start, easy to get, and usually such a tiny limit that you can't get into trouble.
Any way to talk a credit card company into giving you a card?
I am wondering if there is any way to talk a credit card company into giving you a card or being able to transfer your balance to them...? I have a Capital One card now (big mistake) and a child on the way and Capital One is messing around big time with me so I'm never coming out ahead after my payments. I want to open another credit card with a different company but I keep getting turned down. Is there a good way to talk to someone about getting one?|||If you "keep" getting turned down, that means that you kept applying, so it is probably too late now. Every application hurts your credit score, and your chances of any subsequent application being approved. Stop applying immediately, and wait more than a year before you apply again. When you "keep" applying, you keep get rejected. That is how it works. To be approved even once, you should apply much less.|||well where does your credit score stand at right now? that has allot to do with it also have you talked with cor pt and see if they can help you out with your mess, remember every time your ask for a card its a hit on your credit report and score too many dings is not a good thing and good luck and the next at least 18 yrs plan your child|||what exactly is the definition of "messing around big time with you"? What makes you think another lender will be any different?|||Capital One is one of thee best there is.. so that cant be really whats going on....|||There is no way to "talk" a credit card company into giving you a card. You apply and they review your credit. If you are being turned down, that means your credit isn't good enough. Even if you could qualify for another card, shifting the debt to another credit card isn't the answer.
I suspect you have run up the balance on that Capital One card and are only making minimum or slightly more payments. That's a formula to get you rated as a higher risk. You need to stop charging on that card and work on making larger payments to pay off that balance.
Maybe you should check with a NFCC credit counseling service: http://www.nfcc.org/. These are legit, non-profit companies that offer debt management programs for a nominal fee. They negotiate lower interest and payments so you can pay off all your credit card debt. When you complete the program, you will have decent credit.|||bah hahahahahahahahahahahahahahahahahahahaha鈥?br>
cry all you want, these banks are not like your momma and wont give you a card just because you cried to them.
Get on it buddy if your getting declined its because your credit score is not good enough. Why dont you work on fixing that problem so in two years you would be able to get any card you want with your marvelous credit score
I suspect you have run up the balance on that Capital One card and are only making minimum or slightly more payments. That's a formula to get you rated as a higher risk. You need to stop charging on that card and work on making larger payments to pay off that balance.
Maybe you should check with a NFCC credit counseling service: http://www.nfcc.org/. These are legit, non-profit companies that offer debt management programs for a nominal fee. They negotiate lower interest and payments so you can pay off all your credit card debt. When you complete the program, you will have decent credit.|||bah hahahahahahahahahahahahahahahahahahahaha鈥?br>
cry all you want, these banks are not like your momma and wont give you a card just because you cried to them.
Get on it buddy if your getting declined its because your credit score is not good enough. Why dont you work on fixing that problem so in two years you would be able to get any card you want with your marvelous credit score
How do you start a credit card company?
I am contemplating offering a credit card for a retail item example (bowflex card) which I believe is backed by HSBC... I have the money to back the card but am unsure of the licensing and regulation. I am in NY and I wanted to see if anyone on this board could point me in the right direction.|||Join LinkedIn if you are not a member and join the Special Interest Group named Consumer Finance Professional. Pose the question in a way that lets people know you have capital but need to organize a team of professionals who can make this real. Someone in this group might be able to point you in the right direction.|||for help ; open the third %26amp; sixth link in: www.credit-debit-card.co.cc
What happens if your credit card gets declined?
I pay $34 a month for a gym membership. Ive been broke as hell lately due to less hours at work and i only had 28 dollars in my card. What will happen if the gym charges my card and it gets declined? Will it effect my credit? Also how do you max out your credit card? If i have 28 in my card and i try to pay more than that i will just get declined. Would i have to spend exactly $28 dollars to max it out?|||There is something called "an over the limit fee".
There is a reason this fee exists on credit cards.
It could be a $39 fee.
The card could also be declined depending on your card company.
Google your card and see what fees they carry for this.
Do you realize you are maxed out?
Did you know this is horrible for your credit?
Any time you use more than 30% of your available credit limits you are reducing your score.
Max out and you are causing utter devastation.
/
/|||Is it your debit card? If so, you could be charged over draft fees (if the bank approves the transaction).
Is it a credit card? If you go over the limit, there may be recourses for your creditor to raise the interest rate, charge late fees, charge over-the-limit fee, and/or close the account.
READ your GYM membership CONTRACT. Of course, if you don't pay it or don't fulfill the contract the gym can do what they want to get the money : go to court, send you to collections, or demand your full payment. I doubt they even have it on your credit at all, but they could report it if you don't pay it at all.
Cheers!
There is a reason this fee exists on credit cards.
It could be a $39 fee.
The card could also be declined depending on your card company.
Google your card and see what fees they carry for this.
Do you realize you are maxed out?
Did you know this is horrible for your credit?
Any time you use more than 30% of your available credit limits you are reducing your score.
Max out and you are causing utter devastation.
/
/|||Is it your debit card? If so, you could be charged over draft fees (if the bank approves the transaction).
Is it a credit card? If you go over the limit, there may be recourses for your creditor to raise the interest rate, charge late fees, charge over-the-limit fee, and/or close the account.
READ your GYM membership CONTRACT. Of course, if you don't pay it or don't fulfill the contract the gym can do what they want to get the money : go to court, send you to collections, or demand your full payment. I doubt they even have it on your credit at all, but they could report it if you don't pay it at all.
Cheers!
Is opening and canceling a credit card in a week bad for your credit score?
I have an opportunity to save $30 on a TV by signing up for a credit card. Will it hurt my credit score if I open it and cancel it in a week? I know you're not supposed to cancel cards you've had for a while, but I wasn't sure about this.|||It would depend on your personal credit file.
www.myfico.com has some great info on how the bureaus come up with your credit score... you'd be surprised at what people look for!
For example, I used to be a loan officer for a mortgage company. If someone had $10k in medical bills, we didn't care. If they had maxxed out credit cards, though... we had to come up with an excuse for the lender to hear.
A direct link to some free downloads on credit score information - http://www.myfico.com/crediteducation/br鈥?/a>|||Your credit takes a hit every time you apply for a card. Not sure about cancelling though. |||Yes, the general rule is that you never want to completely cancel a credit card if you are planning on applying for a loan, mortgage etc in the next 24 months (unless their is an annual fee or something) because this does hurt your credit score. I would leave the card account open but cut the card up. This explains it much better than I ever could - http://creditshout.com/credit-cards-to-cancel-or-not-to-cancel/|||That really depends. If you intend to close it there are several factors you need to look into over the entire transaction. And in my opinion the negatives outweigh the positives...
1 - A search hit on your credit history (negative)
2 - Increase in your overall outstanding line of credit (neutral)
3 - Increase in your credit line (negative)
4 - Full payment before due (slight positive).
To truly take advantage what you should do is not close the card immediately, but keep it to buy more things instore for discounts and use the card at least twice a month and never more than 30% of the overall balance and pay before the due date on your statement.
Use it to build your credit score so it does not be a burden. You can get more data at http://www.instantapprovalcreditcard.inf鈥?/a>
www.myfico.com has some great info on how the bureaus come up with your credit score... you'd be surprised at what people look for!
For example, I used to be a loan officer for a mortgage company. If someone had $10k in medical bills, we didn't care. If they had maxxed out credit cards, though... we had to come up with an excuse for the lender to hear.
A direct link to some free downloads on credit score information - http://www.myfico.com/crediteducation/br鈥?/a>|||Your credit takes a hit every time you apply for a card. Not sure about cancelling though. |||Yes, the general rule is that you never want to completely cancel a credit card if you are planning on applying for a loan, mortgage etc in the next 24 months (unless their is an annual fee or something) because this does hurt your credit score. I would leave the card account open but cut the card up. This explains it much better than I ever could - http://creditshout.com/credit-cards-to-cancel-or-not-to-cancel/|||That really depends. If you intend to close it there are several factors you need to look into over the entire transaction. And in my opinion the negatives outweigh the positives...
1 - A search hit on your credit history (negative)
2 - Increase in your overall outstanding line of credit (neutral)
3 - Increase in your credit line (negative)
4 - Full payment before due (slight positive).
To truly take advantage what you should do is not close the card immediately, but keep it to buy more things instore for discounts and use the card at least twice a month and never more than 30% of the overall balance and pay before the due date on your statement.
Use it to build your credit score so it does not be a burden. You can get more data at http://www.instantapprovalcreditcard.inf鈥?/a>
How long does it take for credit card companies to report to credit report?
I have one credit card and its always paid I have had it for about 4 months and my credit score is still 0 and shows no credit card accounts how long does it take for them to report it ?|||http://wiz.sc/credit-report is a good site to go to, to get credit report advice.|||Its takes at least 1 year for you to build up credit on a credit card. And it also depends on where you are looking at your credit score. If you are looking on an online website like freecreditreport.com most likely it will not be right because most banks and other places that look at your credit score have 3 major scales that the look at: exprion, equifax and 1 other.|||Normally it should only take 3 months. Be patient because before you know it, you will have your credit score. I think it does take more than one creditor though. ( I could be wrong) Good luck %26amp; don't get too in debt, because it is not worth it!|||Capital One had a credit report monitoring service they signed me up for when I got my first credit card from them. After about 6 months of a 0 credit score, I switched to Experian Credit Expert. It is costing about twice as much, but I found there was actually a lot of information on my credit report where the old service showed nothing.
I think having a service directly from a credit bureau like Credit Expert from Experian is probably much better.|||Credit cards usually report within 60 days. However, you will need a minimum of 6 months before you have a score of any sort. Best way to build your score is to use the card and pay it in full every month.
Don't waste money on monitoring services. You really don't need to be checking your score every week or month.|||Credit companies (car loans and home loans too) are typically about 30 to 60 days behind. If it's a NEW card, the first recording could take 3 months or a little more. My friend bought a car and it took 6 months to actually show up on her credit report.
I think having a service directly from a credit bureau like Credit Expert from Experian is probably much better.|||Credit cards usually report within 60 days. However, you will need a minimum of 6 months before you have a score of any sort. Best way to build your score is to use the card and pay it in full every month.
Don't waste money on monitoring services. You really don't need to be checking your score every week or month.|||Credit companies (car loans and home loans too) are typically about 30 to 60 days behind. If it's a NEW card, the first recording could take 3 months or a little more. My friend bought a car and it took 6 months to actually show up on her credit report.
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