good thread, i will read more later

Shinin' said that sh*t will fu*k u over, drop them off the plan because the total account reflects the entire payment amount, not just yours,

a cell phone is considered a utility and will only affect your credit if you default on the payment and it is cancelled and sent to collection. however, stop helping n*ggas at ur expense.

mr_underground said if u pay your phone bill late...thats a credit slash if u don't know other people can see that and it label u as a delinquent

I don't think this applies if you only pay your bill a month or so late. Somebody correct me if I'm wrong. I don't believe my phone history is reported to the credetors monthly.

nah, your cell phone payments aren't reported monthly. but they will warn you that your account will be sent to collections if you wait too long to pay it, especially after they've cut off your phone. they usually send out notices after it being about 60-90 days late. but the amount of time is subjective, it varies with each cell phone company.

good read

I have a student card with bank of americqa should my apr be over 19% i think that is too high I went over the limit for a emergency but i think my apr is too high and right now i can't afford the monthly payments. i was very diligent but i had an emergency.. but should a student card be that high on a apr and if so how can I lower it. because i don't want to be delinquent just because i can't make the payments

with bank of america, going over you limit raises your APR if you were on an introductory rate which knowing BOA you were. even if you get the over limit under limit, your APR will not go down. best thing is to get a new low balance transfer APR and transfer the balance. try discover student card or chase visa.

how about prepaid cards do those help in building your credit

some prepaid cards do but after all the fees you pay for transactions, it a waste of time. it takes too long to build anything when you can go to other companies and at least get a partially secured card or something.

alright here's my situation... i have a fed. student loan which will stay in good standin as long as i am in school, but i have one credit card that got sent to collections with $1500 as the balance.... how hard is it going to be fix my credit? those are the only two things on my credit report by the way...help me out please?

you have no credit at this point. you only have two things and one is bad so it kinda cancels each other out. pay off the credit card.

ladyofrage said with bank of america, going over you limit raises your APR if you were on an introductory rate which knowing BOA you were. even if you get the over limit under limit, your APR will not go down. best thing is to get a new low balance transfer APR and transfer the balance. try discover student card or chase visa.

I'm going to transfer the balance to a chase visa, but When I transfer the balance to another card what happpends then and will my apr go down on my Bank of America student card (will that card balance will be zero)

thanks a lot for the info

your APR will stay the same. onces it goes up, it stays there. you can close your card and apply for another one with a lower rate.

So a balance transfer to another card automatcally closes my BOA credit card?

Or will the new card - by transferring balances pays the BOA credit card and then the BOA balance will be zero- So then with the new card I will be paying at a lower apr with the balance I had on the BOA card?

I need some concrete clairty because I wanna get out of this dilemma as soon as possible

You balance will be zero but that does not close your card. and you will be paying the balance of the BOA card on the new with a lower APR. Your BOA card will not be closed unless you want it to be and ask them to close it.

Here is a good coupon for a great site, save 20% off of any credit check package at . Use coupon code CPPSAVINGS

Monthly payments an services like cell phone plans and internet service don't effect credit riight?

prop'd

good info

NO CREDIT IS WORSE THAN BAD CREDIT

As many young American move from childhood to adulthood they are faced with a grim reality. They have no credit, and now they are classified and bunched with those who have bad credit. Any creditworthiness you acquire is directly linked with credit lines that you have on your file. Each credit line is gained when you apply for credit cards, buy a car, get a bank loan etc. So to gain a credit line, you must have good credit and to have good credit you must have credit lines. This has been the problem for most young Americans. One way to eliminate this problem is to acquire a collateral bank loan and once this is paid back you automatically have a credit line. Most banks are willing to offer this service to young people because the bank knows that credit is all that matters in the world today and building your credit from a young age will give you a head start among your peers. Credit card companies can be very reluctant to even offer you a low limit credit card knowing that you have no credit at all. If one is offered it is usually a secured credit card with high initial annual fees and high rates. Also it will be impossible to purchase a car or a home without any credit lines. A bank collateral loan requires a deposit into your bank of choice then the ability to request for a loan that is equal to the amount deposited. A reasonable term would be one year to pay back the loan on a monthly basis. Problem solved. Learn more on establishing new credit at .

THE SITE HAS SAMPLE LETTERS AND ALOT OF HELPFUL HINTS , PROPS ON THE THREAD

canal_boys said wtf dont even work

works for me.. :applause:

i been with chase for about a yr and a half, today they offered me a chase freedom credit card and i accepted, i wanna build up my credit so i'm messing wit it, right now it's a $300 spending limit, and i think the yearly intrest is like 18%, so when i get it imma just use it to buy sh*t i know i can pay back at the end of the month and imma pay the balance off in full when i get my statements

props for all the info

Inhale said if you get more than one card, and pay them off one card with another... as long as you don't mess around and spend more than you have.. that's a good way to build up your credit

is there any truth to this