Archive for December, 2007

How many Credit Cards should I have open at one time?

Sunday, December 30th, 2007

Zoxx asked: Right now I have 10 Credit accounts open. Ranges from $424.00 to $5200.00 with a credit score of 728.
I have $0 balance all of my cards at this time.
I just applied to get a motorcycle and they denied me saying that I have too much revolved credit open.
I rent a apt due to [...]

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How high can my credit score climb if I have only credit cards in my credit history?

Saturday, December 29th, 2007

Kaytee asked: My current credit score is 745 and I’ve built it solely by using credit cards and paying on time (but never had any loans). Somebody told me that the abscence of installement-paid loan will prevent my score from climbing much higher. Is it true? Should I take some consumer loan to boost my [...]

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When does it make sense to consolidate all your credit cards?

Friday, December 28th, 2007

jerry_won3772 asked: I get some credit cards I would like to pay off as soon as possible. I read that you should pay the card with the higher interest rate first and then pay the minimum payment on the other cards. I like the idea of consolidating all your credit cards and make [...]

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How to take credit cards at a trade show?

Thursday, December 20th, 2007

Kathleen T asked: If you have a product you want to sell at a trade show, how do you go about taking credit cards?Clint Wedgewood

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