Many people are unsure of how using credit and their credit score affect them everyday. Now you can Email us any Credit Questions our staff will do the research for you and answer any questions you might have about credit.
Will settling credit card debt hurt your credit rating ? Asked by Mike in Tulsa
Yes, it could. Although credit card companies may encourage you to settle your debt with the help of a credit counseling service or a debt repayment plan, as an alternative to bankruptcy, this step would still become part of your credit history. The use of debt counseling may appear on your credit report, some creditors consider this activity in a negative way while some may consider it as a positive step.
Should I get a secured credit card to rebuild my credit ? Asked by Cindy in LA
Secured credit cards can be an good way to build or re-establish your credit history. However, some secured credit card companies make deceptive advertising claims to entice you to respond to their ads. You may want to investigatet each card and make sure you pick one that meets your needs and most importantly reports to the major credit bureaus. Also make sure your credit score is below 600 - if is above 600 you can apply for a Orchard Bnak credit card.
How do I choose a credit card ? Asked by Joanne in Albany
First, know your credit score - if it is above 650 you can apply for almost any credit card. Then you can shop around for the credit card terms that are best for your needs. Look over all the cards and pick the one that is right for you - make sure you are going to use the reqards it offers. If you never stay at hotels don't get a credit card that offers hotel points. Be sure that the credit limit offered is high enough, that the card is widely accepted.
How do I correct errors on my credit card bill ? Asked by a guest
Notify the card company in writing within 60 days of the error. Include your name, account number, amount of the error, and why you believe it is an error in your letter you may also email the credit card issuer if you can access your account online. The card issuer must investigate the error within two billing cycles, and either correct the error or inform you why the bill is correct.
How can I increase my credit limit on my credit card ? Asked by a guest
Your credit limit is reviewed on an ongoing basis by the issuer of your credit card, but in the meantime if you would like to request an increase you should telephone Customer Service number on the back of your credit card.
