Credit rating question! (Dr. Boost read)

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07-27-2006, 12:15 PM

#21

HMTguy

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Re: Credit rating question! (Dr. Boost read)

Quote:

Originally Posted by cll77gen2teg

i know im probably gonna pay for this, but i work in collections for a large bank and I can tell you that as long as you keep the balance low, pay it on time or pay it off within the billing cycle its doing nothing but good for you, it may hurt your score a tiny bit if you close it, but as long as you have zero on the balance youll be ok within 6 months......i agree with scttydb411....if you go to get your pre approval for a house, and they say that they want you to close the card, then do it at that time(with a zero balance), because then it aint gonna matter.

hotrex you are correct

Thanks. What do you mean you're probably gonna pay for it?

07-27-2006, 12:16 PM

#22

sakpase

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Location: Kingsland, GA

Posts: 539

Re: Credit rating question! (Dr. Boost read)

The student loans aren't going to hurt as long as you don't defer them excessively and you pay them on time. I would ask the 13k card to lower the interest rate though........being that you've been with them for so long.

I got two houses and neither one has told me to close a credit card account

Quote:

Originally Posted by Shreik

I've read in several places that you should always keep your oldest card open. It seems that closing a card keeps all the bad stuff and you lose all the good history. And ya, make sure to use it and pay it off once in a while do your cc company keeps reporting activity.

No way Shreik, the complete history is kept when any account is closed, whether you paid it off or it defaulted.

07-27-2006, 12:29 PM

#23

cll77gen2teg

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Re: Credit rating question! (Dr. Boost read)

Quote:

Originally Posted by jagojon3

Thanks. What do you mean you're probably gonna pay for it?

not too many people like the fact that i work in collections

07-27-2006, 12:40 PM

#24

HMTguy

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Re: Credit rating question! (Dr. Boost read)

Quote:

Originally Posted by cll77gen2teg

not too many people like the fact that i work in collections

I do

07-27-2006, 01:21 PM

#25

sakpase

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Re: Credit rating question! (Dr. Boost read)

Quote:

Originally Posted by cll77gen2teg

not too many people like the fact that i work in collections

The only ones who don't like it are the ones who don't pay bills on time.

07-27-2006, 01:24 PM

#26

HondaTuner

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Re: Credit rating question! (Dr. Boost read)

My "first" cc had a limit of $6500 and they want to boost it to $12000...

Then again I kinda cheated

but oh well

quick question:

Somehow or another I have an account with Zales... now without me physically having the card (cut it up a while ago) can I just call them and tell them to cancel it, although I don't have the number or anything?

07-27-2006, 01:27 PM

#27

HMTguy

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Re: Credit rating question! (Dr. Boost read)

Quote:

Originally Posted by SinisterCRX

My "first" cc had a limit of $6500 and they want to boost it to $12000...

Then again I kinda cheated

Of course.

07-27-2006, 01:44 PM

#28

cll77gen2teg

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Re: Credit rating question! (Dr. Boost read)

Quote:

Originally Posted by SinisterCRX

My "first" cc had a limit of $6500 and they want to boost it to $12000...

Then again I kinda cheated

yes, usually those accounts are held by another bank not the retail company themselves....at least that has been my experience...did you pay it through zales, or did the bill come from a financial institution?

Quote:

Originally Posted by jagojon3

I do

well you're welcome....anything to help

07-27-2006, 02:09 PM

#29

rudebwoy

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Re: Credit rating question! (Dr. Boost read)

I had one with a $6000 limit, plus additional loans and car loans that adds up to $15000, but I was still getting approved for whatever I want, but my wife show me the light and say pay all that ---- off at once,close the accounts, and dont buy anything if you dont have the money. I did when I came back from Iraq, and now I am debt free, and broke and it feel so good to be debt free.
so ---- a credit card