What is the difference between a start-up loan and a small business loan? January 31, 2010
Posted by Credit in : Small Business , 1 comment so far
inspection338 asked:
I need to take at least a $250,000 loan to start up a flight school as a small business and I am not sure which type of loan I should be looking for. Help please.
I need to take at least a $250,000 loan to start up a flight school as a small business and I am not sure which type of loan I should be looking for. Help please.
What will happen to my credit cards if my home is foreclosed? January 30, 2010
Posted by Credit in : Personal Finance , 5comments
triguyinla asked:
I have over $100,000 in credit on my 7 or 8 credit cards, all with a 0 balance. I am facing foreclosure in a few months. Will the banks cancel my credit cards once I get a foreclosure on my credit? Should I just max out all my credit cards with no intention to pay them?
I have over $100,000 in credit on my 7 or 8 credit cards, all with a 0 balance. I am facing foreclosure in a few months. Will the banks cancel my credit cards once I get a foreclosure on my credit? Should I just max out all my credit cards with no intention to pay them?
How often can you apply for a credit card? January 29, 2010
Posted by Credit in : Credit , 2comments
ll asked:
How often can you apply for a credit card if a rejection letter states that you have had “Too many recent requests for credit or reviews of your credit”?
How often can you apply for a credit card if a rejection letter states that you have had “Too many recent requests for credit or reviews of your credit”?
I recently got auto financing, plus a secured credit card just for the purpose of establishing credit so that I can get a regular credit card. Should I wait a month before applying again? Will it hurt me if I re-apply too soon?
Is a credit card number really valid for a deposit on a service? January 28, 2010
Posted by Credit in : Small Business , 2comments
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!
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!
What are the details on using half your credit affecting on your credit score? January 28, 2010
Posted by Credit in : Credit , 2comments
AFGuY16 asked:
I know that when you have a balance that is over half your credit limit, it hurts your score. Question is, let’s say I have 3 cards that have a 10,000 limit and I have no balance on two, but 8,000 on one, will this hurt? Does credit constitute all available credit, so 8,000 out of 30,000 is OK and my credit will not suffer? I never understood the details. Thanks for the help.
I know that when you have a balance that is over half your credit limit, it hurts your score. Question is, let’s say I have 3 cards that have a 10,000 limit and I have no balance on two, but 8,000 on one, will this hurt? Does credit constitute all available credit, so 8,000 out of 30,000 is OK and my credit will not suffer? I never understood the details. Thanks for the help.
What is the credit score threshold for a credit card? January 27, 2010
Posted by Credit in : Other - Pets , 2comments
twila asked:
My credit is around 570. I would like to increase it, but I was wondering what the cut off between “bad” & “not so bad, sorta fair” credit was, as I am planning on applying for a card to increase my score RESPONSIBLY. After paying off all of my debt ( which made me feel GREAT!!!), I need to rebuild my credit.
My credit is around 570. I would like to increase it, but I was wondering what the cut off between “bad” & “not so bad, sorta fair” credit was, as I am planning on applying for a card to increase my score RESPONSIBLY. After paying off all of my debt ( which made me feel GREAT!!!), I need to rebuild my credit.
Suggestions?
How long do international money transfers through a bank usually take? January 27, 2010
Posted by Credit in : Personal Finance , 1 comment so far
Jenny51980 asked:
This is not a scam, this is an actual transfer from a bank in Japan to my bank in the US (bank of America), its from my brother in Japan (not military, teaching English in the public school), I’m just wondering how long it usually takes for an international bank transfer to go through.
This is not a scam, this is an actual transfer from a bank in Japan to my bank in the US (bank of America), its from my brother in Japan (not military, teaching English in the public school), I’m just wondering how long it usually takes for an international bank transfer to go through.
I live in Florida and the bank just filed for foreclosure. How long do I have to vacate my home? January 27, 2010
Posted by Credit in : Renting & Real Estate , 4comments
Linda C asked:
I received the papers 2 weeks ago that our bank is foreclosing on our home. I have not received any additional information, but we are not fighting the foreclosure. The truth is we can not afford our home due to my husband’s job loss. How long do we have before we are evicted, and what is the notification process for this eviction? Can they just show up unannounced and throw us out? I am clueless. Thank you.
I received the papers 2 weeks ago that our bank is foreclosing on our home. I have not received any additional information, but we are not fighting the foreclosure. The truth is we can not afford our home due to my husband’s job loss. How long do we have before we are evicted, and what is the notification process for this eviction? Can they just show up unannounced and throw us out? I am clueless. Thank you.
How worried should I be about my bank accounts in this crisis? January 26, 2010
Posted by Credit in : Personal Finance , 4comments
pineseedling asked:
Cnn Money says that this is the worst economic crisis since the Great Depression and that during the Great Depression everyone lost their savings when banks closed. Is that at all likely to happen this time? I don’t own a house, but is there anything else I should do to protect myself financially? Say, keep my money under the mattress?
I have accounts with Bank of America and several small credit unions. Thanks.
Cnn Money says that this is the worst economic crisis since the Great Depression and that during the Great Depression everyone lost their savings when banks closed. Is that at all likely to happen this time? I don’t own a house, but is there anything else I should do to protect myself financially? Say, keep my money under the mattress?
I have accounts with Bank of America and several small credit unions. Thanks.How does wire transfer work with a bank? January 26, 2010
Posted by Credit in : Personal Finance , 3comments
SpiderMan120988 asked:
Hi, I’m planning to get a Rapidshare account through wire transfer. How does it work? I have a bank account with Commerce Bank so what are the fees? The money is going to somewhere in Europe.
Hi, I’m planning to get a Rapidshare account through wire transfer. How does it work? I have a bank account with Commerce Bank so what are the fees? The money is going to somewhere in Europe.