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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flori0009 asked:


I have years of excellent on-time rental history, however I have no credit because I’ve never been in debt (always pay bills on time) go figure. I was wondering which credit cards I could apply for, for the first time. Wal-Mart Credit card rejected me because I have no credit, and I’m just looking for something small so I can put things on the card and pay them off quickly to establish some sort of credit. Any suggestions?

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artis asked:


My father in-law has incurable cancer, and outstanding credit card debt of about $55K. Can the credit card companies sue his estate or children to collect the outstanding balances on his accounts once he passes away?

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JNate asked:


I own a small business which often takes credit card numbers over the phone as a deposit. We recently had a customer no show, and she contested through her credit card company when we charged her (she claims it wasn’t explained when she gave us her #). The credit card company took her side and said it is policy to allow anyone contesting to get their money back if there is no signature. How can this be? So many hotels and services take card #’s as deposits!

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Mcl asked:


I know there is a whole bunch of crappy credit cards I can get but I want a decent one like ( Discover, Citibank,Visa,MasterCard) but I only have average credit which is not great but it isnt poor so I just want to know which one can I apply for and MOST LIKELY get approved for? Would I be able to get a exxon mobile card with average credit? I dont want to get denied keep that in mind…Credit score is about 635.

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flyboy711672005 asked:


I’ve made some mistakes in the past and I had absolutely no history in the past as it is. So, how do I go about salvaging bad credit and getting a chance to make my credit history decent?

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