Comments for Debt Consolidation Magic http://www.debtconsolidationmagic.com Consolidate Your Debt Thu, 18 Mar 2010 02:22:39 +0000 http://wordpress.org/?v=abc hourly 1 Comment on What credit card to get at 18 and not a college student? by MasterJ http://www.debtconsolidationmagic.com/credit/what-credit-card-to-get-at-18-and-not-a-college-student/comment-page-1/#comment-639 MasterJ Thu, 18 Mar 2010 02:22:39 +0000 #comment-639 Credit card companies deny a lot of people now with the economy in the state that it is. The reason the economy is in the state that it is is because of banks handing out loans to people that couldn't pay them off. A credit card works similarly on a smaller scale, so the card companies don't want to risk giving a card to someone who has never had one before. It wouldn't hurt to try a credit card matching service. I know the deal store has one, so I pulled the link up for you in my source. Try that out and let me know if that works for ya. If you need any more help, I'm just a message away. -Master Credit card companies deny a lot of people now with the economy in the state that it is. The reason the economy is in the state that it is is because of banks handing out loans to people that couldn’t pay them off. A credit card works similarly on a smaller scale, so the card companies don’t want to risk giving a card to someone who has never had one before.
It wouldn’t hurt to try a credit card matching service. I know the deal store has one, so I pulled the link up for you in my source.

Try that out and let me know if that works for ya. If you need any more help, I’m just a message away.

-Master

]]> Comment on What credit card to get at 18 and not a college student? by StephenWeinstein http://www.debtconsolidationmagic.com/credit/what-credit-card-to-get-at-18-and-not-a-college-student/comment-page-1/#comment-638 StephenWeinstein Thu, 18 Mar 2010 02:22:39 +0000 #comment-638 The reason that you are being denied is because you are applying to too often. You should wait more than a year between applications. Any more frequent can result in rejection due to recent "inquiries". You should start by depositing money at a bank that offers "secured" credit cards to depositors with no credit and obtaining a "secured" credit card from that bank. After you have made the payments on the "secured" credit card long enough to build your credit and have applied nowhere for over a year, then apply for a regular card. The reason that you are being denied is because you are applying to too often. You should wait more than a year between applications. Any more frequent can result in rejection due to recent "inquiries".

You should start by depositing money at a bank that offers "secured" credit cards to depositors with no credit and obtaining a "secured" credit card from that bank. After you have made the payments on the "secured" credit card long enough to build your credit and have applied nowhere for over a year, then apply for a regular card.

]]> Comment on What credit card to get at 18 and not a college student? by Kathy P http://www.debtconsolidationmagic.com/credit/what-credit-card-to-get-at-18-and-not-a-college-student/comment-page-1/#comment-637 Kathy P Thu, 18 Mar 2010 02:22:39 +0000 #comment-637 Try a gas credit card, like Shell of Chevon, they will usually give you one, although I'm not sure if they report to the credit bureau to give you a credit history. Or try a prepaid credit card. Don't worry, in time you will be getting plenty of offers. Try a gas credit card, like Shell of Chevon, they will usually give you one, although I’m not sure if they report to the credit bureau to give you a credit history. Or try a prepaid credit card. Don’t worry, in time you will be getting plenty of offers.

]]> Comment on What credit card to get at 18 and not a college student? by Dixie Darlin' http://www.debtconsolidationmagic.com/credit/what-credit-card-to-get-at-18-and-not-a-college-student/comment-page-1/#comment-636 Dixie Darlin' Thu, 18 Mar 2010 02:22:39 +0000 #comment-636 Stop applying for the cards, you will only be denied. You will have to start building your credit rating with secured credit. Make sure the banks report to the credit bureaus, otherwise it does no good. Go to the bank you do business with, ask them if they have a secured credit card, if they do open a new account with $300 - $500 tell them you want a secured credit card against that account. Use the card for small purchases like gas or food and pay the card off entirely each month on time. Also you can take your savings account and save until you have $1,000. Tell your banker you want to take a installment loan out against the savings account. Take the money you receive and put it in your checking account to repay the loan. Pay it off in 12 months. Lenders like to see a mixture of credit, revolving, installments, personal loans. After a few months you can try for an unsecured card again. Retail store cards and gas cards are normally easier to get. It takes 24 months of consistent on time payments to build a good credit rating. Stop applying for the cards, you will only be denied. You will have to start building your credit rating with secured credit. Make sure the banks report to the credit bureaus, otherwise it does no good.

Go to the bank you do business with, ask them if they have a secured credit card, if they do open a new account with $300 – $500 tell them you want a secured credit card against that account. Use the card for small purchases like gas or food and pay the card off entirely each month on time.

Also you can take your savings account and save until you have $1,000. Tell your banker you want to take a installment loan out against the savings account. Take the money you receive and put it in your checking account to repay the loan. Pay it off in 12 months. Lenders like to see a mixture of credit, revolving, installments, personal loans.

After a few months you can try for an unsecured card again. Retail store cards and gas cards are normally easier to get.

It takes 24 months of consistent on time payments to build a good credit rating.

]]> Comment on How do I switch credit cards and not affect my credit score? by xbluebellax http://www.debtconsolidationmagic.com/credit/how-do-i-switch-credit-cards-and-not-affect-my-credit-score/comment-page-1/#comment-635 xbluebellax Sun, 14 Mar 2010 19:19:55 +0000 #comment-635 Some banks will allow you to upgrade your current card to something else. I have done this twice with no problem. Some banks will allow you to upgrade your current card to something else. I have done this twice with no problem.

]]> Comment on How do I switch credit cards and not affect my credit score? by Serge M http://www.debtconsolidationmagic.com/credit/how-do-i-switch-credit-cards-and-not-affect-my-credit-score/comment-page-1/#comment-634 Serge M Sun, 14 Mar 2010 19:19:55 +0000 #comment-634 Yes, it is true. Having active credit cards on your record is no problem. It shows that card issuers are willing to extend credit. If these cards have no balance on them, you should have no trouble getting a new card. Apply and start using it. If there are balances on your other cards, it is a different issue. You should pay them off, or transfer them to the card with the lowest interest rate and pay that off as quickly as possible. Then make sure you never have a balance on a card that exceeds about 30 percent of the credit limit. Paying the monthly charges in full each month is the best policy. It also means not paying any interest. Yes, it is true. Having active credit cards on your record is no problem. It shows that card issuers are willing to extend credit. If these cards have no balance on them, you should have no trouble getting a new card. Apply and start using it.

If there are balances on your other cards, it is a different issue. You should pay them off, or transfer them to the card with the lowest interest rate and pay that off as quickly as possible. Then make sure you never have a balance on a card that exceeds about 30 percent of the credit limit.

Paying the monthly charges in full each month is the best policy. It also means not paying any interest.

]]> Comment on credit???? by ram k http://www.debtconsolidationmagic.com/credit/credit-2/comment-page-1/#comment-629 ram k Fri, 12 Mar 2010 02:23:31 +0000 http://www.debtconsolidationmagic.com/credit/credit-2/#comment-629 Having a good credit rating, helps a consumer get a loan or credit at better rates and for larger amounts.To know "How to improve credit rating, credit score" plz follow link- http://www.acreditlibrary.com/improvecredit.html Having a good credit rating, helps a consumer get a loan or credit at better rates and for larger amounts.To know "How to improve credit rating, credit score" plz follow link-

http://www.acreditlibrary.com/improvecredit.html

]]> Comment on credit???? by Pengy http://www.debtconsolidationmagic.com/credit/credit-2/comment-page-1/#comment-628 Pengy Fri, 12 Mar 2010 02:23:31 +0000 http://www.debtconsolidationmagic.com/credit/credit-2/#comment-628 Going around applying for additional cards is only going to lower your credit score, basically each time you apply take of 5 points, if your score is already low that is only going to make it worse. Better yet pay your bills on time. You also have the possibility of getting a secured card, you put X amount in a deposit in order to get a card, but you still have to make the payments, and some advise only use 30-40% of the available credit on the card, and pay it off. Whatever you do stay away from Capital one, they will not help you FICO score. Going around applying for additional cards is only going to lower your credit score, basically each time you apply take of 5 points, if your score is already low that is only going to make it worse. Better yet pay your bills on time. You also have the possibility of getting a secured card, you put X amount in a deposit in order to get a card, but you still have to make the payments, and some advise only use 30-40% of the available credit on the card, and pay it off. Whatever you do stay away from Capital one, they will not help you FICO score.

]]> Comment on credit???? by iceman http://www.debtconsolidationmagic.com/credit/credit-2/comment-page-1/#comment-627 iceman Fri, 12 Mar 2010 02:23:31 +0000 http://www.debtconsolidationmagic.com/credit/credit-2/#comment-627 Old Navy or Gap. They approve almost anyone. Old Navy or Gap. They approve almost anyone.

]]> Comment on credit???? by B.B http://www.debtconsolidationmagic.com/credit/credit-2/comment-page-1/#comment-626 B.B Fri, 12 Mar 2010 02:23:30 +0000 http://www.debtconsolidationmagic.com/credit/credit-2/#comment-626 Go to Macy's Go to Macy’s

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