credit history

What shows up on your credit report when you report your credit card lost/stolen?

For example, if the credit card company changes your account number and moves everything to a new account, does your credit report now say that the old account is closed and you just opened a new account? I’m trying to figure out if you lose your old credit history when you do this—-especially if this is an account you’ve had for a while, and therefore is one of your oldest accounts since alot of credit is based on how long you’ve had things.

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Saturday, September 12th, 2009 Credit Card & Loan Consolidation 5 Comments

How do they decide credit limits for your first credit card?

I just applied for my first credit card ever yesterday, and I am hoping to get a credit limit of at least ,500. I have no credit history whatsoever, I don’t have to make a house payment, no dependents, and I make .10 an hour working 35-40 hours a week. Would all those factors contribute to a higher or lower credit limit, and do you think I’d be eligible for the ,500 limit?

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Wednesday, September 9th, 2009 Debt 2 Comments

Is it possible to remove credit inquiries from my credit report?

Over the course of about three months I went on a desperate auto loan shopping spree. I was trying incredibly hard to get approved under my own name with only a year worth of credit history because I have no willing/able co-signer.

I’ve recieved about 20 inquiries and my credit score dropped over 50 points from the original 730 I had, bringing me from excellent credit to between fair and poor.

Now I know that people usually say that you should stay away from "credit repair" agencies. However, I feel cheated to have these inquires draining on my credit report for the next two years when I’ve been responsible with my credit cards as I don’t have a single late payment and I usually pay off half my debt or more every 2 weeks.

Please advise.

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Saturday, September 5th, 2009 Credit Card & Loan Consolidation 4 Comments

What is the best credit card for someone with no credit history?

I’m wanting to establish good credit but I don’t know where to start. I don’t want high interest and I know if you don’t have credit history, your credit is bad. Please tell me which credit card I should get. Thanks.

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Wednesday, September 2nd, 2009 Debt 12 Comments

What credit card to get at 18 and not a college student?

I always thought at 18 they love to give you credit cards, I’ve tried Capitol One, Chase, a QT credit card, and a Best Buy one. All deny due to no credit history. I obviously can’t get Credit history if they won’t let me have credit. I Work 2 jobs and just want to have one just in case and to actually build my credit. What’s going on and why do i keep getting denied?

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Tuesday, August 11th, 2009 Debt 4 Comments