Tuesday, August 10th, 2010 at
9:50 PM
I have a credit card with a credit limit of ,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 of today’s financial market, the bank can decide to lower my limit. Is this possible? Is this likely? If so, what factors would influence their decision to lower my credit limit?
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Tuesday, July 27th, 2010 at
2:45 AM
I just applied for my first credit card ever yesterday, and I am hoping to get a credit limit of at least ,500. I have no credit history whatsoever, I don’t have to make a house payment, no dependents, and I make .10 an hour working 35-40 hours a week. Would all those factors contribute to a higher or lower credit limit, and do you think I’d be eligible for the ,500 limit?
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Sunday, July 18th, 2010 at
12:11 AM
I am a student and I do not have any credit. What kind of credit card would be good for me to start building my credit up? I do not want anything that has a monthly fee, and it does not need to be a high credit limit because I will be buying something and paying it right off. Any suggestions?
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Friday, June 25th, 2010 at
7:38 AM
say you are in good staying, never was late. always payed the balance. but you have too many credit cards let’s say. so when you cancel that credit card. what happens to your credit score? Does your credit limit you had for that card get erased from the records? after all those years of building the credit limit to help the credit score. what happens to it? and what happens to your score? i’m just curious.
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Friday, June 25th, 2010 at
12:12 AM
Hi. I recently just got my first credit card ever and used it to make a 00 purchase. The credit limit is 00, 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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