Repair Credit Score

Posts Tagged ‘card’

Question: I'm thinking of applying for a Discover or American Express Card. What is the minimum Credit Score needed?

My score is Fair but is it even worth the hassle if I won't get approved? What score do I need to qualify for a credit card such as these?

Answer: If you don't have strong credit, forget American Express. It's not a credit card anyway, but a charge card. A charge card MUST be paid off in full every month whereas with a credit card you can pay it off on time.

The best place to start would be with your own bank. They know you and will be more than likely to cut you some slack in starting out.

How to get an american Express Black Centurion Card in 30 days or less

Question: goodwill letters to old credit card companies in hopes of improving Credit Score?

I was thinking about writing goodwill letters to CC companies that has impacted my Credit Score in a negative way. I was delinquent on these accounts and that's what has hurt my score. I'm not even sure if they would still have my information but i have my credit card number on my Credit Report. So before i go thru all the trouble in contacting these places, is it going to be worth it?

Answer: if you do not owe than anything it can not hurt and the most it will cost you is 41 cents!!!

Credit Repair Secrets - Credit Scores Revealed

Question: After making payments on my FIRST EVER secured credit card for 6-12 months what number will my Credit Score be?

I have a secured credit card and I've been making payments (on time) for 6 months.

Answer: Here's a good site to learn about FICO scores: http://www.myfico.com/CreditEducation/WhatsInYourScore.aspx.

After only 6 months, you barely have any score. If you use the card and pay the balance in full every month, you should be able to qualify for a regular credit card or convert the secured card to a regular account.

One credit card account for a year is still a very limited credit history. Whether you can qualify for a $6K loan depends on many other factors including your work history, income, and debt to income ratio.

Late credit card payments declining