Casacas

22 Contributions 84 People Helped Top Contributor

Member Since: November 2011

Most Helpful Contribution

Utilizing Credit Cards to Build Credit - WITH NUMBERS!

May 22, 2013
Something else you can do
Helpful to 40 out of 45 people

Some banks help you jump into the "secured" card faster, if besides what you are doing right now, you use your credit card a little bit more (i.e. that instead of having a single purchase of $25 in your statement, you have several purchases and payments, let's say $400 in purchases and $375 in payments). So, when they check this information they not only will try to secure your card faster, but it is more probable that they will offer you an increase in your credit line.

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Utilizing Credit Cards to Build Credit - WITH NUMBERS!

May 22, 2013
Something else you can do
Helpful to 40 out of 45 people

Some banks help you jump into the "secured" card faster, if besides what you are doing right now, you use your credit card a little bit more (i.e. that instead of having a single purchase of $25 in your statement, you have several purchases and payments, let's say $400 in purchases and $375 in payments). So, when they check this information they not only will try to secure your card faster, but it is more probable that they will offer you an increase in your credit line.

How do u remove inquiries over a year old

May 20, 2013
They are removed after two years
Helpful to 5 out of 5 people

Hard inquiries remain on your credit report for 2 years, then they are dropped. If after 2 years, they are still there, then you need to contact the credit bureau (TransUnion, Equifax or Experian) directly and follow their instructions.

After the first year, those hard inquiries are not taken into account by most lenders.

What is a secured credit card?

May 14, 2013
Helpful to 5 out of 5 people

I have a secured credit card; it is the Visa BankAmericard from Bank of America. I received an offer by mail (I have a checkings/savings account with them) saying that if I deposited $99, they would give me a $500 credit card. I applied and was approved a week later. I have been using it since two months now.

PROS:

- They just implemented a cash back/deals option on their cards that I started to use (Things like 15% cash back on a restaurant, only once and in a period of time, then the other deal would be for movie rentals, etc.). It adds the cash back to my credit card, but I can use either my credit card or debit card to get the deal (you don't really need to have a credit card to get these deals, but it's good to point this out as a benefit).

- Reports to the credit bureaus

CONS:

- The APR is 24.99% (Very high) and it doesn't get any rewards/miles.

- $500 credit line for $99, and this is frozen for a year. (Good for not putting the $500 on cash, bad because you still have to put some money into it)

Honestly, this is a very basic credit card, but since my credit score is poor, it's more than enoug for me.

Where can you see the age of each account?

May 14, 2013
Credit cards' age...
Helpful to 4 out of 4 people

On the section named "Manage Your Accounts" you can see the date of each credit card, under the column "Credit Report Accounts". To access this section, click on one of you credit cards link, and then click on the "Settings" link, then on the right side you'll be able to see each credit card, and the small letters in grey under that name is the opened date. In this example I assume that you linked your credit cards' accounts, if not, I suppose the options should be similar.

Citi® Diamond Preferred® Card

Apr 08, 2013
Applied online and approved!
Helpful to 9 out of 11 people

My CK score is 659, I was approved with a $1,000.00 credit line and 0% APR for 7 months. This is the best credit card I have so far. My credit history started on November 2011.

How can I improve my credit? My scores and grades fluctuate

May 22, 2013
Lower your credit utilization
Helpful to 2 out of 2 people

Lowering your credit utilization from 47% to somewhere around 10-15% will improve your score. Also, having more credit cards is good because the increase your spending amount, but if you keep good payments and a good utilization rate with your current cards/loan, that will help you to increase your score gradually. Remember that declined hard inquiries stay for 2 years on your report, so I would stay away from any application form for a while.

When will Credit Karma remove the 1 derogatory remark from its report?

May 14, 2013
Get in contact with TransUnion
Helpful to 2 out of 2 people

CreditKarma gets the credit information from TransUnion, so you should contact them.

Make sure you get your annual free credit report from them (you can do so by visiting www.annualcreditreport.com). Just remember to identify your derogatory mark as it appears on that report, and you will get instructions on how to get it removed.

The best way to get it removed, is by asking the collections agency to remove it (but sometimes they refuse and you have to contact a lawyer to do it for you).

PS: Check that the other two bureaus don't have that derogatory mark (Equifax & Experian), because you would have to the same as TransUnion (you can get free report for those on the same webpage I mentioned above).

Has Credit Karma helped anyone improve their score?

Jun 04, 2012
Helpful to 2 out of 2 people

You better check your actual credit report (it's free once a year). If you read other posts on different topics you'll see that credit companies make a lot fo mistakes and if you don't fixed them quickly, then you'll suffer the consequences of their mistakes.

how do I get my wifes credit score, we have the same e-mail under my name

May 14, 2013
Get a new email for her
Helpful to 3 out of 4 people

CreditKarma creates individual accounts based on the email account. Creating a free email account on mail.yahoo.com or mail.live.com is really easy. Once your wife has an active email under her name, then she can create an account on CreditKarma.

Founders Federal Credit Union

Jun 06, 2012
Helpful to 1 out of 1 people

This credit union has an agreement with the company where I work and they let me open an account almos immediately. Also, I applied for a car loan and I got it really fast (I didn't get the best interest reate because my credit history is new).

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