If you are juggling multiple credit card bills, you may benefit from the convenience of having one consolidated monthly payment. Consider all of the bills that the modern household pays (mortgage/rent, utilities, cell phone, cable, internet, etc.).  Adding 5-10 monthly credit card bills can overwhelm your bill-pay. Multiple payments are due every week. Going on vacation or having a hectic few days can result in several late payments and hundreds of dollars in fees.

I to am rebuilding my credit for the past 2-1/2 yrs and to get it past 750 and most recently got added as an authorized user on my moms' credit card (more for using the card in an emrgency on her behalf than rebuilding my credit) and would like to get a possible clarification- If my mom misses a payment or maxes out her credit limit on her card that im a authorized user on, will it impact my score (currently 730)?


If you don’t address the exact cause of your bad credit, the damage is likely to worsen the longer it goes untreated. For example, if you’ve missed a few credit-card payments, repaying at least the minimum amount needed to change your account’s status from “delinquent” to “paid” on your credit reports will prevent your score from falling further. The same is true of collections accounts, tax liens and other derogatory marks — at least to a certain extent.
The intro 0% for 12 months offer is only for their Visa® Signature Credit Card – other cards have a higher intro rate. After the intro period ends, 11.50%-17.50% Fixed APR applies. The Purdue Federal Credit Union doesn’t have open membership, but one way to be eligible for credit union membership is to join the Purdue University Alumni Association as a Friend of the University.
Personal information – Make sure the names and addresses reported match your personal history. As noted above, sometimes the reports of people with the same or similar names get combined incorrectly; having your report tied to that of someone with bad credit can lower your score. To correct an error you need to document, in writing, what is wrong. This can be a quick fix if all the negative information belongs to someone other than you, but proving that may take some time.
I have been approved for a 30K Loan which would clear all my credit card debt…would that give me a better credit score if had a 30K loan and no CC debt (Giving me 45k in available credit?) Or should I continue to pay off my credit cards as is….(I’m paying minimum on 3 until I pay the fourth one off and then higher payments towards the next card with minimum on the remaining two and so on)
Once you resolve issues on your credit report, it’s time to implement a strategy to start improving your credit score. The single best thing that you can do to improve your credit score is to pay current accounts on time and in full every single month. You can picture it as burying negative information under a mountain of positive credit information.
Many credit card issuers will allow you to transfer money to your checking account. Or, they will offer you checks that you can write to yourself or a third party. Check online, because many credit card issuers will let you transfer money directly to your bank account from your credit card. Otherwise, call your issuer and ask what deals they have available for “convenience checks.”
One of the biggest pitfalls of debt consolidation is the risk of running up new debt before the consolidated debt is paid off. When you finish paying off credit cards with a consolidation loan, don’t be tempted to use the credit cards with their newly free credit limits. If you think you might, close the accounts. You may have heard that doing so could hurt your credit score, and it might. But you can recover from credit score damage much more easily and quickly than you can recover from crushing debt.

Improving your credit score is a bit like losing weight: It takes a while. Unless there are major errors on your credit report that you can easily get erased, there is no quick fix. Often, it takes at least a couple years to go from a low score to a high one. But at least, you'll be improving your financial position, and building up good financial habits, in the interim.
With that being said, I went to apply for a personal loan to be added to my 5,500 loan for $3,500 to pay off the CC debt and eliminate the high interest rate payments (saving me over $100 a month), but was declined due to increase of debt. So I guess my question is, how is someone to pay off other debts if credit unions are judging your debt off a mortgage payment? My debt to income has not changed since the original loan and I have a “fair” credit score according to a credit simulator. I just purchased a home which wiped out my savings, so what is my best option here?

Transitioning from a secured to an unsecured credit card: The transition from an unsecured card to a secured card is fairly simple for the cards mentioned below, with many conducting periodic reviews of your account to evaluate if you can move to an unsecured card. And, when you’re transitioned to an unsecured card, you’ll receive your security deposit back. Another way to be refunded the deposit is by paying off any balances and closing the card — though we don’t recommend closing the account since that jeopardizes your credit score.
That takes care of your existing credit accounts. To help establish positive credit history, you might contemplate opening new credit accounts in various categories. Showing that you can handle fixed payments as well as credit cards is a plus in the long term. An installment loan for furniture, an auto or a personal loan will round out your credit profile. You might also consider a secured credit card (make sure the issuer reports to the major credit bureaus) if you do not qualify for other types of new credit. Lastly, apply for credit only if you need it and if you can afford new payments. Credit applications generate inquiries on your credit report, which could ding your score in the short term.
If so, you've come to the right place. We know how challenging it is to resolve today's credit issues, therefore our goal is to ensure satisfaction of every client by being superior in the field of credit repair. Easy Solutions has a proven track record, with a strong portfolio of satisfied clients, and was voted Best Credit Repair Services in Brownsville and McAllen, Texas. Become our next success story. Sign up today!
Beyond that is creditor information, which makes up most of your reports. This includes different accounts you have (loans, credit cards, etc.), their status (open/closed, in collections), balances, credit limits and payment details. This may also include dates of missed payments or late payments, or when the accounts were sent to collections. From these details, your credit scores will be formed.
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