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JackieCH

12 Contributions 67 People Helped Top Contributor
Member since: June 2010

Most Helpful Contribution

Beyond Your Credit Score

Helpful to 61 out of 72 people

Will a higher number of credit cards usually bring up the score? I have two accounts on my report, and CK gave me a grade F in this field. As I viewed the report card, I saw people with high scores tend to have more credit cards even to a number of 21+. While I was always confident in keeping a very low ultitilization of my available limit, I had been avoiding getting new cards because I was not sure how doing so would affect my score. If I will be able to handle a higher number of credit cards, should I go ahead and get more credit cards?

- Sep 28, 2010
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Comment by JackieCH

12 Contributions
67 People Helped

Activity (12 Total Contributions)

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Beyond Your Credit Score

Helpful to 61 out of 72 people

Will a higher number of credit cards usually bring up the score? I have two accounts on my report, and CK gave me a grade F in this field. As I viewed the report card, I saw people with high scores tend to have more credit cards even to a number of 21+. While I was always confident in keeping a very low ultitilization of my available limit, I had been avoiding getting new cards because I was not sure how doing so would affect my score. If I will be able to handle a higher number of credit cards, should I go ahead and get more credit cards?

- Sep 28, 2010
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Comment by JackieCH

12 Contributions
67 People Helped

The First Step to Rebuilding Your Credit – Secured Credit Cards

Helpful to 4 out of 4 people

I have currently no credit history. CK says "Your personal information could not be validated. Please verify that it is correct." when I try to check the score here. Is it normal?

I have been approved for a credit card which will be arriving in a week. What score will a person have when he has got his credit history started?

- Jun 15, 2010
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Comment by JackieCH

12 Contributions
67 People Helped

why do you ask for gross monthly income instead of net when calculating debt to income ratio

Helpful to 1 out of 1 people

I ask your gross income so that I will be rich. If I ask for your net income only, you will give me less money.

- Jul 23, 2010
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Response by JackieCH

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Credit Card Approval Insights

Helpful to 1 out of 1 people

I have been approved for my first credit card with $600 credit line. I am aiming at a high credit score of 750 or above. I will keep a really low utilization and never carry a balance. How would these take effect? With such a thin file, will it be ever possible for me to get sth close to a 750 in around 6 months? Would getting one more (student) credit card and keep low use of it help the score grow even faster?

- Jun 15, 2010
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Comment by JackieCH

12 Contributions
67 People Helped

how can i find out how often my credit card company reports to creditors?

Perhaps they will never do that again.

- Jul 14, 2010
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Response by JackieCH

12 Contributions
67 People Helped

Journey℠ Student Rewards from Capital One®

Found that Credit Karma mistakenly shows yearly saving from this card as $0, but I think it is one of the best card of its level that could save you most with its cash back rewards.

- Jul 09, 2010
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Review by JackieCH

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Does Capital One report the credit limit properly now?

Thanks. I hadn't got my first card until just last month. Now I have an unsecured card with $600 limit and a secured one with $400 limit and I don't have any credit history yet. I'm thinking about having Capital One upgrade my secured card to an unsecured student card shortly as I want to have my deposit back and avoid the annuel fee. How long do you think I have to wait before doing so? Also, will teir upgrading my card shorten my average history length? I know some banks do while others don't.

- Jul 06, 2010
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Response by JackieCH

12 Contributions
67 People Helped

Journey℠ Student Rewards from Capital One®

Does Capital One report the credit limit properly now? I heard they didn't so using their card would hurt our credit score.

- Jul 04, 2010
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Review by JackieCH

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The Relationship Between Your Credit Score and Credit Limit

I have been approved for an unsecured student credit card for $600 credit, and also for a secured capital one card which I have a choice not to activate the account. I am not sure whether I should make the deposit and keep the secured card as my second card, as I heard a secured card's limit could increase after a few months of use and be upgraded to an unsecured one(though it might take too much longer). Because I am going to keep a really low utilization, $600 limit definitely is not much enough for me. Since I havn't got a credit history yet and I guess no inquires had been recorded, would it be a good idea to keep both cards so that my total credit limit will grow faster and thus my credit rating? Or should I not open the secured one, instead try to apply for another unsecured one later? What would you suggest?

- Jun 16, 2010
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Comment by JackieCH

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67 People Helped

Credit Card Approval Insights

People who have good credit scores may have loads of money, or may not. Just because they got credit, some won't spend more than before, but instead just make good use of a little proportion of the credit they got. While in this case they won't be able to purchase a whole lot more immediately, their management skill would lead to a much larger long-term benefit brought to them from the really "rich" financial institutions when they need to apply for a mortgage or try to get a great credit card with extraordinary rewards.

- Jun 15, 2010
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Comment by JackieCH

12 Contributions
67 People Helped
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