Archive for December, 2008

How does it look on a credit rating to have 3 bank accounts open?

Wednesday, December 31st, 2008

SnowTwqd asked: I have several accounts open for different reasons that I would like to keep but I am trying to improve my credit rating, does that look bad on a credit report. Any other tips to improve credit fast? I don't have bad credit but I am trying to ...

How can I get my credit card company to report account information?

Sunday, December 28th, 2008

awill110 asked: I got my credit report today and it shows that my total credit amount is $300 and I have $296 available. After further inspection I noticed that only one credit card had reported a credit limit/max balance and that all of my credit cards hadn't been reported since ...

Can my credit card company unilaterally lower my Credit limit at its discretion? How likely is this?

Saturday, December 27th, 2008

Mark R asked: I have a credit card with a credit limit of $12,500. I have not only been making the payments each month, but I have been paying off my monthly balance at the end of each month consistently. My father told me that, given the situation ...