Casey asked:


Hi. I recently just got my first credit card ever and used it to make a $1600 purchase. The credit limit is $3000, so obviously I’m over 50% of the balance, and I just learned that’s bad for credit scores. I expect to be able to pay off the purchase in the next two or three months. Will my credit score go back up immediately after I get the balance on my card down, or will it take a while? Thanks.

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Triple Nipple asked:


What happens to credit card debt when one’s parents pass away in the event that they do not have an estate, BUT the children do have an estate (real estate, etc)?

Morbid, but just wondering.

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thepher24409 asked:


I’m going to apply for an auto loan soon. I paid off my chase credit card last month April 26 and I’m waiting to it gets reported to the credit bureaus before applying for the auto loan.. When should the new balance be reported to the bureaus?

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Shannon B asked:


When you are trying to lease an apartment, what are the main things they are looking for on your credit history in order for an approval? Are they interested in all of your credit card bills and other payments or are they mainly concerned with your rental history and bankruptcy background?

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Rhema C. asked:


My two older children (early twenties) are trying to get a credit card, but most companies require that you already have credit with someone else. How do you go about establishing credit if you can’t get credit?
I don’t like credit cards either, but there will come a day they will want to purchase a car or house and will need a credit rating.

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