Archive for the ‘Credit Score’ Category
Credit Score American Express Blue
December 12th, 2010
Question: Blue American Express Credit Card?
http://www.blue-americanexpress.com/
I'm really bad at math and figuring things out. I'm a college student and I want my Credit Score to be good when I need it.
So I know the only option is to get a credit card. So with this credit card how much would I pay a MONTH if I spend lets say $3,000 or $4,000
Answer: Don't do it. Credit cards are not your only option to building credit. Consumer installment loans with no late payments and paid in full is good. You are actually risking your credit if you get a credit card - use it then have problems paying it. And paying the minimum monthly payment is not going to help, especially if you continue to use the card and increase your balance.
Administrator Peter Rogoff: "Next Stop: A National Summit on the Future of Transit"
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Tags: american express, american express blue, blog, Credit Score, credit score american express blue, digg, news, technology, web2.0 | 
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Credit Score Rating Scale
November 25th, 2010
Question: Renting a car with nothing but cash?
SO - long story short, I'm breaking up with my BF and trying to make it go as smoothly as humanly possible.
He has been out of work for 19 months, has no bank account, no credit cards, no car, no car insurance, his Credit Score was so low it didn't even show up on the FICO scale and I really do not want his family coming into my house and helping him move stuff out (and the following issues of how 99% of the house is actually all my stuff and I'd like to keep it that way).
So, I'd like to just give him CASH to get a rental car so he can pack himself up and go, but is this possible? Will he able to rent a car on cash and a drivers license alone? No credit cards, a historically bad credit rating, etc...? How does that work? I don't want to rent it FOR him because I do not want my name attached to anything...? How much of a deposit would someone in his situation need?
Thanks in advance!
Answer: you cant rent a car with cash
How to Read Your Credit Score Rating Scale- About Your Score
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Tags: chart, credit, Credit Score, credit score range, credit score rating scale, stumble, videos |
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Credit Score Complete
November 22nd, 2010
Question: If somebody has a beacon score of under 450. How would they obtain credit for a new business?
A friend of mine is starting a new business she thinks her Credit Score is between 450-500. She wants to open a new small business but does not know where to start with getting help to do so. She applied for her tax id number and her business license.
I as at a complete loss of what to tell her so I thought I would ask here.
Thans for your help!
Answer: Tell your friend that NO lending institution is stupid enough to give her any type of unsecured loan!
Your Credit Score - How to Get it, Maintain it, and Not Wreck It