#credit

My bank found $70k credit on an old business credit card

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My bank found $70k credit on an old business credit card My bank contacted me about an account I wasn’t aware still existed which currently has a credit of about $70k. It’s a credit card in my name that a business I worked for at the time opened for business expenses. I retired some 6 years ago and that business was closed and the parent company eventually dissolved and no longer exists. I presume th…

Reddit Personal Finance 637 2024-03-29

What should I do?Overcoming Credit Card Debt: Seeking Strategies and Support

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What should I do?Overcoming Credit Card Debt: Seeking Strategies and Support Hey everyone, I’m facing a credit card debt challenge: $13,000 at 24% APR, and three cards at $3,000 each with a 24% APR, plus one at 18% APR. Monthly income is $2,800, and after moving back home, expenses include $550 for auto-related costs and $600 for child support. Never missed a payment, but looking for strategies. Considering debt consolid…

Reddit Personal Finance 451 2024-03-29

Trying to explain credit card interest rate to a friend.

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Trying to explain credit card interest rate to a friend. I have a friend that carries a balance on her credit card. She pays the minimum payment every month because “that’s all she has to pay”. She also saves a substantial amount of her paycheck in her savings account. I told her to take her savings out of the savings account and pay the credit card down. She looked at me like I was crazy. I’m no fin…

Reddit Personal Finance 719 2024-03-24

Credit Score Fell by 60 Points-How Quickly Will It Recover?

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Credit Score Fell by 60 Points-How Quickly Will It Recover? So, I got an email today notifying me that my credit score had fallen, and when I took a look, I found that it had plunged by about 60 points. Here’s the gist of what’s been going on: Most of my credit score (which was around 730 before this) was apparently based on my regular payments on my student loan balance over the last 3 years. I don’t ty…

Reddit Personal Finance 1.3k 2024-03-23

Credit score Fraud with Chase and credit karma?

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Credit score Fraud with Chase and credit karma? Recently someone applied for a chase credit card in my name. I called them the next day and reported it, and they said they would “screen” the hard inquiry on my credit reports. Credit Karma still reports 1 hard inquiry. Does this suggest I am still getting dinged for the hard inquiry in credit score? Do I need to contest the credit pull with …

Reddit Personal Finance 976 2024-03-23

Auto loan at 5.5% on a FICO credit score of 768

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Auto loan at 5.5% on a FICO credit score of 768 Hi All, I want to buy a new car (Kia Forte). It’s costing me $22k. I’m putting a down payment of $7000. So the loan would range from 15-17k. This is what the car dealership offered. Do you think it’s a good deal? submitted by /u/LiberalontheRight

Reddit Personal Finance 656 2024-03-21

Toyota is offering 2.9% interest rate for 3 yr finance, should I still get an offer from credit union?

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Toyota is offering 2.9% interest rate for 3 yr finance, should I still get an offer from credit union? You know how some people recommend you get an offer from a credit union before you go to the dealership? Well, my wife and I have really good credit (above 800) and good paying jobs. I think we should qualify for the 2.9% interest rate, but I’m not sure if that’s just a rate the advertise to get people in the dealership. submitted by /u/…

Reddit Personal Finance 761 2024-03-13

LPT Quick Credit Approval

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LPT Quick Credit Approval TLDR: How can I finesse an application so I can get approved for a card or loan, basically anything except a title loan, so that i can get my rent paid? I just started a new job but don’t get paid for 2 weeks and I’m about $125 short to pay my rent +late fees. I’m getting fined an additional $20 dollars every day I’m late. My credits not terrib…

Life Pro Tips 519 2024-03-13

Cash, debit and credit for Italy trip

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Cash, debit and credit for Italy trip Recently, I posted a question here about bringing cash for an 18 day driving trip from Rome to Sicily. Hubby and I ended up taking 400 Euros in total, along with two different debit and credit cards each. This worked out well because, depending on the vendor, if one form of payment wasn’t accepted for whatever reason, another one was. Occasional…

Reddit Travel 435 2024-03-13

EV $7500 Nonrefundable Credit Pickle

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EV $7500 Nonrefundable Credit Pickle Hello, in a bit of a pickle at the moment regarding the nonrefundable $7500 EV tax credit. I started working and earning income this year in July. My salary is $95,000 for this year, but I will only be paid approximately half of that since I will have only worked from July – December for this tax year. My current Federal withholding according to…

Reddit Personal Finance 809 2024-03-13

Rebuilding credit score post-bankruptcy after 3 months…

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Rebuilding credit score post-bankruptcy after 3 months… I was discharged from bankruptcy early August 2023. My score naturally is god awful, so I cannot easily access any sort of credit (from popular credit cards etc anyway) and will likely not be able to do so for a long time. However, I have managed to be accepted for credit from company called Credit Spring. I have to pay £7…

Reddit Personal Finance 510 2024-03-12

550 credit score options

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550 credit score options I have a 550 score, I started at 700 in 2018, messed it all up in 2019, started working on it in 2020, and it’s been a rollercoaster since then. I was doing great and one late payment that completely slipped my mind during a bad time plummeted my score and I gave up working on it for a while. It went to 500. Now I’m back to 550. I have a ONE de…

Reddit Personal Finance 1.1k 2024-03-11

Is It Normal to Have Credit Card Debt?

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Is It Normal to Have Credit Card Debt? I’m asking for my wife. While I was dating her, she did not have a good sense of saving money, and I had to assist her a couple of times with paying off her credit card debt. After getting married, she recently told me that she owes the bank money, approximately $10k. I was upset with her again, but this time, she claims that having credit card…

Reddit Personal Finance 1.2k 2024-03-05

Sorting out partner’s credit situation

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Sorting out partner’s credit situation I’m trying to help my partner sort out their credit and debt. $6000 on a credit line for 11.7% interest (~$58/mo) $1000 on a credit card for 21% interest (~$17/mo) I am cashflow positive (~1500/mo) and my credit card is zeroed monthly, and all our bills are taken care of. I have enough in savings right now to wipe out both credit line and card,…

Reddit Personal Finance 1.3k 2024-03-04