Ask Creditnet: Prepaid Debit Cards & Rebuilding Credit
February 6th, 2012
Dear Creditnet: I need to start rebuilding my credit so I can purchase a home, but I can’t seem to get approved for a credit card. I’ve applied for 3 different cards this year and I’ve been denied every time. I feel like giving up.
Should I just get a prepaid debit card since they don’t do credit checks? There’s no way I can get denied, right? More »
Posted By: Joshua Heckathorn | Comments (0)Ask Creditnet: Will Employers Pull My Credit Scores?
January 30th, 2012
Dear Creditnet: I lost my job a year ago and have been unable to find full-time work ever since. I’ve also fallen behind on my bills during the past 6 months, which has really trashed my credit scores. I think my FICO scores are now below 600.
I’ve heard that employers can pull credit scores when reviewing a job application. Is this true? If it is, this may be one reason I keep getting turned down for new jobs. Is there any way to avoid this? More »
Posted By: Joshua Heckathorn | Comments (0)Ask Creditnet: Minimum Payments and 0% Interest Credit Cards
January 25th, 2012
Dear Creditnet: I have a new rewards credit card that offers 0% interest for 12 months. My plan is to transfer all my existing credit card debt to this card so I can save on interest in 2012.
Do I have to make minimum payments at all during the first year, or can I just save up my money and make a one-time payment in full before the 0% interest promotion ends? More »
Posted By: Joshua Heckathorn | Comments (0)Ask Creditnet: Is 0% Credit Utilization Better Than 10%?
January 16th, 2012
Dear Creditnet: I know that my credit utilization ratio makes up a large part of my FICO credit score. I’ve also read that it’s important to keep my ratio under 30%, or preferably at 10% or less.
My question is would it be better to keep my credit utilization ratio at 0% or 10%? If I pay my balance off every week and my credit utilization is reported at 0%, is that hurting my FICO scores? More »
Posted By: Joshua Heckathorn | Comments (0)
Dear Creditnet: I am a disabled veteran who ran into a lot of financial trouble and really messed up my credit reports. Long story short, I basically went crazy and stopped paying my bills because I thought I was going to die every day. Now, my actions just haunt me every day with horrible credit.
I am married with two children and one on the way, and I am nervous that my bad credit is bringing my family down. My wife has good credit and a great job so I feel like I am the only one holding us back. Please, is there an agency or someone who can help me fix my credit problems? More »
Posted By: Joshua Heckathorn | Comments (0)
