Go Credit Card

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.

Once your percent gets to below 30% of your available credit, you will see improvements. They lower the percentage, the higher your potential score is.

2007-02-26 16:25:03 by Casey

Pennsylvania State Police said they are looking for two women who were caught on camera stealing from a Westmoreland County business before going ...

I'm wanting to get a credit card, just to buy gas or something on every month and go ahead and pay it off that month, just so I can start in a small way to build my credit. I haven't been able to find ANY credit cards online that will approve me. I have NO credit whatsoever. I just recently turned 18, so I haven't really had the chance to build it. Any suggestions on how or who to go through to get approved?!

if you are a student, many banks will work with you to establish credit. open you a checking account, give you a credit card with a low limit (like $500-1000) as long as you can prove student status. Or your parents can sign on a new credit application with you if they have a fairly good score and you can get a head start using theirs as a jumping off point (they can even set a low limit if it makes them feel more comfortable). Your smart to start right away, so you have credit history when you need a car loan, are ready to buy a home, etc... just remember it isn't a toy. it a responsibility, a privledge, but not a right. dont abuse it.

2009-04-06 18:54:21 by amber.morgan3227

I have pending charges on my credit card account which will make me go over my credit limit by 1 dollar. If i make a payment before they are no longer pending charges will i still be charged fees and will my APR go up?

Pay it before it's due and call the company to make sure it went through before due date and i think you will be fine. Don't get your card to the max limit ever...Spend only half of what is worth and you won't have the problem..Disipline babe, disipline.

2008-06-07 18:32:10 by *J

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I have some credit card debt from the past. I hear that if you wait a few years you can take the total off all your debt and combine it and pay like half the price and make payments to get it paid off and off your credit report. Is this even true? If so, how do I go about this? Exactly how many years do I have to wait? Thanksss!

the only way to get a good credit record is to pay all your debts in full.

2008-08-27 13:55:42 by Kristina F

I heard that you credit score would go up anywhere for 30-40 point if you pay a credit card off that is maxed out (if the balance is over a 1,000.00) Is this ture?? And if not does anyone know about what it would go up?

The credit will go up but it depends upon your credit report. It will definately go up over time. You should pay all your bills in full and on time and do not carry any balance.

2008-01-31 19:25:02 by jessies86