Sheila F asked:


I am 19 and recently decided to try to apply for a credit card and i got denied. On the denial letter it stated that based on the credit report there are too many delinquent past or present credit obligations. Can someone please break that down for me please dont really understand what they mean. Now mind you to my knowledge i have no credit because i have never applied for a credit card. Can someone please help?

james asked:


I just opened a car audio business in tx and i have poor personal credit. How do i build my business credit/get a credit report on business ect… also my business is a dba type. Also I can’t seem to get credit approval from anyone because of my personal credit any advice will be helpful.

atg28 asked:


I have recently checked my credit report and I realized I had several credit card accounts which were unused for several years running with a zero balance for some time.

I would like to close them to resolve my accounts and improve my overall credit.

I have to admit that some of the credit companies are quite odd (not cititbank or MBNA) but smaller credit houses from obscure stores I once purchased something to earn the 10% off etc.

How do I go about contacting the credit card companies to close these empty accounts?

Mr. Knowledge asked:


I have read through a lot of the questions that have already been asked but I have yet to find exactly what I am looking for. I have been slowly but surely paying off some of the items on my credit report, all of which are delinquent by several years. My current credit score according to Experian’s Triple Advantage is a 548, and I would really like to increase my credit score by atleast one hundred points so I can purchase my first home in the very near future. I recently contacted a realtor who pulled my credit report and showed my high end credit as 614, mid of 610, and low of 598. I don’t quite understand why none of these numbers match what I am showing on my active Triple Advantage account, but I was told to wait atleast six more months and try to apply for a home again. I was approved on this attempt, but for $25,000 less than what I need and the interest rate was 7.5%.

If anyone has any advice or words of motivation for me I would greatly appreciate it! Thanks all!

April B asked:


I have 5 negative reportings on my credit report. None of them are after the year 2004. I am wondering since there over 4 years old, how much are they affecting my credit score? And, has anyone ever heard of credit card companies deleting accurate late pays if asked?

Creative asked:


A negative item was removed that caused my credit application to be denied.

Karen M asked:


I just applied for my very first credit card. I got denied .
The reasons were:
Credit report shows total available credit on accounts too low.
Insufficient amount of credit information is reported on credit bureau report.
What does all that mean?
Also what do I do now?
Getting a secured card does not sound appealing .
I do not know if this helps, but I am almost 24 and I am employed with a steady cash flow.

MissHot1 asked:


I’m graduating from a community college soon, and will be transferring to a 4 year university. I’m taking time off to work and save up for the university. I’m nervous about taking out a student loan because i don’t want that debt hanging over my head for the next 5-10 years and i don’t want anything bad on my credit, are student loans bad or are they not that big of a deal?

Simpson C asked:


If I have a credit card that I do not use, how does this account reflect on my credit report? Does it show an open account in good standing?

$Question asked:


I filed for bankruptcy a few weeks ago but am now thinking of cancelling. From what I understand, once you have filed it is on your record, but what I want to know is that if I was to cancel the process, how does it show on my credit? Will appear as cancelled or will it just show that I did file for bankruptcy?