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My Ex Husband Skipped Out On My Joint Credit Card Account. What Do I Do?

July 11, 2011

A reader wrote in with a unique and troublesome problem: My ex husband kept a joint account credit card from Lowe’s that I had forgotten we had. When I went to get a loan my credit rating showed that I had a balance of over $3,000 from that card. All the transactions were done after […]

I’m Repairing My Credit, But Need A New Loan – What Is Best For Me to Do?

July 4, 2011

Hello,I was wondering… I need $3,000 and wanted to apply for a credit card. I have two cards right now, but the limits are only $300.00 I only pay them on time but in the past years ago my credit was horrible. My score is still only inn the 500’s What card do you know […]

What Happens to An Authorized User During Bankruptcy?

June 27, 2011

Hi, i have just finished filing individual chapter 7 bankruptcy. I was an authorized user on one of my husbands credit cards, and I believe the firm included it in my bankruptcy…what affect will that have on him? Michele Michele, first off, I love the spelling with only one L. It’s my personal favorite. This […]

How Do They Calculate Credit Scores When You Apply for A Loan?

June 23, 2011

When you apply for a credit car or car loan,how do they figure out your credit score? Do they add 3 of them & divide by 3 or look at each one? My average score is 680. Is this good or bad? Thanks, Ali B Hey there.  Well, you’re right.  There are three credit bureaus.  […]

Can too Many Inquiries Hurt Your Credit Score?

June 16, 2011

Question: I was wondering, can applying for seven or eight credit cards at the same time hurt your credit score? I have excellent credit, but I would like to take advantage of some of the different miles and point promotions going on right now. I just don’t want to tank my score if i do. […]

How Many Credit Cards Should You Have if You Want to Raise Your Credit Score?

May 19, 2011

  At AskMrCreditCard.com we enjoy helping people understand credit cards, and we frequently get great questions from our readers. Here’s a really smart question written by someone who wants to raise their credit score in order to get a car loan: I’ve never really paid much attention to my credit score, because I only have […]

Credit Card Debate

May 10, 2011

Credit Cards are the subject of continuous controversy. On one side are consumer advocates who encourage the use of credit cards by people who are consistently able to manage their finances without incurring debt. On the other extreme are many personal finance authors who cater to those less able to manage their finances. Their advice […]