squad up!
 

Establishing and Building Good Credit

view the rest of most viewed
 


section   (0 bx goons and 1 bystanders) Share this on Twitter   Share this on Facebook
 

Props Slaps
 08-25-2006, 08:18 PM         #61
ladyofrage 
space
space
space
$n/a | Props total:  
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.

 12 years ago '04        #62
Bodega 
space
space
space
$538 | Props total: 0 0
 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

 08-26-2006, 04:10 PM         #63
ladyofrage 
space
space
space
$n/a | Props total:  
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.

 12 years ago '04        #64
Bodega 
space
space
space
$538 | Props total: 0 0
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

 08-29-2006, 02:17 PM         #65
ladyofrage 
space
space
space
$n/a | Props total:  
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.

 12 years ago '05        #66
oneosi 
space
avatar space
space
$1,079 | Props total: 0 0
Here is a good coupon for a great site, save 20% off of any credit check package at . Use coupon code CPPSAVINGS

 09-27-2006, 08:25 PM         #67
Sikz de Nyne 
space
space
space
$n/a | Props total:  
Monthly payments an services like cell phone plans and internet service don't effect credit riight?

 12 years ago '06        #68
firex21 
space
avatar space
space
$500 | Props total: 15 15
prop'd

 11-14-2006, 08:38 AM         #69
crockjr 
space
space
space
$n/a | Props total:  
good info

 02-05-2007, 08:38 AM         #70
v_nwankwo 
space
space
space
$n/a | Props total:  
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 .

 03-15-2007, 10:39 AM         #71
WILD100 
space
space
space
$n/a | Props total:  
THE SITE HAS SAMPLE LETTERS AND ALOT OF HELPFUL HINTS , PROPS ON THE THREAD

 11 years ago '06        #72
93G4Life 
space
avatar space
space
$6,418 | Props total: 2 2
 canal_boys said
wtf dont even work
works for me.. :applause:

 11 years ago '05        #73
bgj887 
space
avatar space
space
$1,521 | Props total: 54 54
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

 11 years ago '06        #74
unclejuju 1 heat pts
space
avatar space
space
$1,277 | Props total: 666 666
props for all the info

 11 years ago '06        #75
unclejuju 1 heat pts
space
avatar space
space
$1,277 | Props total: 666 666
 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

 11 years ago '04        #76
Mista Mizatti 5 heat pts
space
avatar space
space
$10,573 | Props total: 1244 1244
Okay I've been trying to establish my credit for a second now but I get turned down for loans and all that. Is there an easy surefire way to get it done?

 11 years ago '06        #77
Dtowns_Answer 2 heat pts
space
space
space
$1,460 | Props total: 61 61
aight i have a question on credit since im new to this sh*t,
i got a credit card i got from opening an account in dec.
interest free until aug 07
right now i got 1,000 that i owe on that,
so i got a few question, would it be better to pay that off by then
or is it better to pay bout a bill every month? what would be the best thing to do,

another thing, my interest is 9.9 so is that added to the whole amount due every month, or is that 9.9 for the whole grand?

 07-04-2007, 11:43 AM         #78
JB18Cert 
space
space
space
$n/a | Props total:  
good read. damn i kno' i don fu*k my credit up. guess i'll just have to wait 7 years to get scr8in' out.

 11 years ago '07        #79
LEX300 
space
avatar space
space
$960 | Props total: 0 0
 Fu7urE101 said
I have about 3 cards now. A mastercard, visa, and a Gap card all of which I pay off about 3-4 days after I get the statment. But I have a friend who says that might not be enough to really boost my credit score. He said I may have to take out a loan or something.
Establishing credit is sloooow. But you can kind of speed things up a little if you get a loan, if you have a cell phone that counts as credit, car payments (that are in your name), insurance too. I have a couple cards to I use one just for gas. My moms just bought a new house and i co-signed to help my credit. Just gotta make sure you pay your bills!!!

 11 years ago '05        #80
bgj887 
space
avatar space
space
$1,521 | Props total: 54 54
I'm on my way to building up my credit, in april I got a credit card that I pay off in full every month, in april I also started a new cell phone plan in my name and I have also been paying that off every month on time, I'm also trying to buy a car in a few months and when I do the insurance will be under my name

 08-31-2007, 05:27 PM         #81
Queenshawtii 
space
space
space
$n/a | Props total:  
Nice post. I wanted to add Suze Orman books and DVD's are great too she's goes into alot of detail about getting rid of debt and keeping yourself out of debt and planning for your future. I would recommend Young, Fabulous and Broke by Suze Orman

 11 years ago '05        #82
edgar45 
space
avatar space
space
$272 | Props total: 0 0
props

 12-02-2007, 07:55 PM         #83
Tattered_Hoody 
space
space
space
$n/a | Props total:  
25, 740 score and 80,000$ available credit...

who wants to start a business? get at me

 12-02-2007, 07:57 PM         #84
Tattered_Hoody 
space
space
space
$n/a | Props total:  
if you have monthly bills like cable, etc. put them on the card and pay the card off every month.

Better yet, do this for everything you'd normally spend the cash on (gas, food, entertainment) but PAY IT OFF EVERY MONTH!

Even better, get a Discover Card and get a few bucks back for everything you put on the card.

 12-02-2007, 08:00 PM         #85
Tattered_Hoody 
space
space
space
$n/a | Props total:  
if u wanna take it even further (for those with decent credit already)

sometimes you get an offer for 0% apr for a year with a card.

Let's say $10,000 limit, you take 9500$ and pay a 3% fee.

Then you put that 9500$ in a 5-6% saving account and pay the minimum payments only for a year.

End of year you made yourself 300 bucks or so. In time, you can get higher limits and do it again.

 12-02-2007, 08:02 PM         #86
Tattered_Hoody 
space
space
space
$n/a | Props total:  
 Bodega said
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
19% is actually pretty low for someone just starting to build credit.

You can call the creditor and ask them for help, because the banks will take ANYTHING over NOTHING.

You may be able to lower the APR, or at least the minimum monthly payment, giving you some time to scrape up some cash to cut the balance down.

 01-13-2008, 12:30 AM         #87
TheLegazY 
space
space
space
$n/a | Props total:  
20, 655 and 8000 limit :/

 03-05-2008, 10:50 AM         #88
Grinning Genius 
space
space
space
$n/a | Props total:  
Ive recently got a "Pre Approved" credit card in the beggining of Jan. Ive heard these cards are a set up for failure but i decided to go with it anyway. After activating it i went on to spend to the $200 limit. Before i got my first bill, i was out of work and was unable to pay. Fast foward 3 months later i still havent payed at all being that i was out of work with no income. Im now employed and racked up $120+ in late fee but im able to pay. My question is, how badly affected is would my credit score be?

 11 years ago '05        #89
Jaiden05 23 heat pts23
space
avatar space
space
$5,450 | Props total: 424 424
sh*t I am 23 and still can't get a real credit card. I only have my tution, Kay's jewlers card and a Closed account for a bill that I had seven years ago. Can someone help?


* Edit * I now have a HSBC Card with a 300 dollar limit at 14.9 % any help would be appercitated


Last edited by Jaiden05; 03-24-2008 at 12:53 PM..

 05-22-2008, 01:52 PM         #90
Wildskillz 
space
space
space
$n/a | Props total:  
don't use credit cards.

Home      
  
 


top in section
online now  59
5 comments
top in wild'ish
top in section
online now  31
14 comments
top in games
top in section
online now  18
19 comments
top in tech
 





most viewed right now
online now  30
Video inside Would You Cheat On Her?
81 comments
21 hours ago
@misc
most viewed right now
online now  25
Video inside Brittany Renner attempts to seduce planet Earth
153 comments
1 day ago
@thotsdimesetc
most viewed right now
online now  25
Video inside Machine Gun Kelly embarrasses Slim Shady
112 comments
1 day ago
@hiphop
most viewed right now
online now  20
Article inside Lupe just dropped one of the most pro-black albums
289 comments
21 hours ago
@hiphop
most viewed right now
online now  13
NBA "They didn't pay me to guard nobody. They paid guys to guard me"
29 comments
1 day ago
@sports
most viewed right now
online now  12
Image(s) inside Sep 20 - Disturbing vid shows father-son gun down their neighbor durin..
211 comments
1 day ago
@news
most viewed right now
online now  7
Video inside Eminem VS. Diddy
98 comments
2 days ago
@hiphop
most viewed right now
online now  6
Video inside The iPhone XR gets unequivocally ethered
82 comments
2 days ago
@tech
back to top
register contact Follow BX @ Twitter Follow BX @ Facebook search BX privacy