Archive for category Credit

I am going to ask another question regarding which CC should I add to my credit card profile to add to my rewards. I have excellent credit, pay my balance in full each month, and I use my CC to pay for everything I can to rack up points/miles etc. I am at a point where I want to increase my points and miles so there are some options. The question is, what is too much. I basically share a VISA with my wife, and have an older VISA that i keep. I realize that you should keep older credit cards for history. I want to add at least one AM/EX either the Starwood points, or the Delta Miles. I also might switch our Cap1 card to the signature to get 2 points for every $1 spent, instead of 1.25 for $1. That is a new card, not a switch. And recently, I have received letters for UNITED miles (20,000 bonus) and AA Miles (21,000 Bonus). I would love to use those just to add to my miles on those flights. Could I add 3-4 cards without hurting my excellent credit? I will not rack up debt.

Feb 13

Posted by Credit Competitor in Credit | 6 Comments

ronnin72 asked:

What credit cards have the best rewards programs?

Feb 9

Posted by Credit Competitor in Credit | 5 Comments

Sgt. Pepper asked:

I’ve got all my bills paid off (school and credit cards) and i was looking to cancel all the credit accounts and just open one account with a card that has good benefits for using it. Then i’m going to pay my insurance, phone, car and other expenditures with that card and just pay it off every month so i don’t have to pay interest, but i get benefits. Anyone know of any good cards?

I have two credit cards with debt of 7,000 with both cards combined. Is there a way that I can combine those credit cards and lower the payment and pay them in one lump sum? I just want to get rid of these cards so I can move on with my financial growth.

Feb 9

Posted by Credit Competitor in Credit | 4 Comments

dboyy26 asked:

My husband had a credit card in his own name that i knew nothing about. He addes me as a secondary signor on the actt, also without me knowing. We since were divorced and both responsible for our own debts. He was recently disabled and unable to work and now the credit card company is coming after me for 17K in unpaid balance. It also should be noted that he forged my signature to all these transactions. Can i be in anyway held responsible for this??

Feb 9

Posted by Credit Competitor in Credit | 10 Comments

Laura J asked:

Negative credit reporting how can i clear this up?

Feb 6

Posted by Credit Competitor in Credit | 2 Comments

hopeful77 asked:

My mortgagecompany issued me a moratorium for 4months (postponed payments)due to hurricane Wilma. This Hurricane displaced us for a couple of months and caused an extreme Financial hardship. The mortgage company(Wells Fargo Home mortgage) has on their records that they will not report any late payments and/or there will be no negative credit reporting.However, after i sent the payments and checked my credit report they indeed reported 120 days late payments to the major credit bureaus. When i talk to the represenatives they indeed see the notes about not repoting late to the credit bureau and even waived every late charge,but are adamant about not removing the negative reporting. I was a loyal consumer and my lateness was due to “acts of Nature” beyond my control. Initially the moratorium helped our family, but in the end it has really hurt my credit worthiness. I am having difficulty securing another home loan (sold previous property)because of the negative reporting. What can I do?

I am trying to rebuild my credit after ID theft, a couple of problems that were mine and years of basically not having any credit reported. (I primarily use my debit card and pay cash for everything). I make good money now and am trying to rebuild in order to purchase a condo in the next couple of years. My good accounts (rental, club, cable, cell, etc.) have not reported my good credit. So how many cards should I take out that will help boost my credit score but not hinder my credit. Thank you!

Feb 6

Posted by Credit Competitor in Credit | 8 Comments

Nikita asked: