Andrew asked:


I’m pretty close to the maximum limit on my credit card (I owe $7,200 and the limit is $7,500). I’ve already cut up the card and changed my spending habits and I’m pace to pay it off over the next 12-18 months. Problem is, the interest is killing me. If I pay the minimum monthly balance of $300 then the next month I get charged $200 in interest, so my monthly payments are barely chipping away at the balance. Is it smart to apply for a new card with zero interest on balance transfers and transfer my balance? If I could get 12 months of no interest then I could bring the balance down significantly and get close to zero, but I hear that doing this affects my credit score, at least during the short term. Should I stick with my card?

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Mac asked:


I’m trying to raise my credit score with a credit card ,but they are only giving $250 limit with
$95 available. Is this worth it? Can someone give me the name of the best credit card company
to go after with better limits.

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lyndsey asked:


i want to know my credit score but do not currently have a credit card, and all the sites require one.

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Grappler asked:


About 5 years ago we accumulated quite a bit of credit card debt. Maybe about 4 years ago, we combined all the debt onto one 0% card, since then I have been “card hopping” to continue to have a 0% apr. I always pay on time & more than the minimum payment. I would like to know if card hopping will hurt our credit score. Thanks.

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Dawn asked:


Is there any efficient way to fix my bad credit card without waiting for years and years, and enhance my credit scorecard for my future endeavours.Please reply and help me out. Do you think a person who has a debt of over $12,000 needs a professional to plan out everything from cutting expenses, to monthly installments or to take any decision that won’t increase his burden?

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Carl Williams asked:


I am looking into getting a credit card, and I want to know what is your credit score when you get you first card.

How do they work? How much money do you need to use them ( bills )? I will be using it mostly on pay later options, and I DO plan on paying it off.

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Heather C asked:


I have an extra credit card I don’t use, and I would like to cancel it. It’s all paid up, and I have no outstanding balances. But I’ve heard that cancelling a credit card can damage your credit rating. Is that true?

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Sarah asked:


I have a credit card with a high interest rate and would like to transfer my balance to a credit card with a lower interest rate so that I can pay off more principal and a little more quickly towards being debt free. I understand that applying too often for credit cards can damage my score. If I’m not approved for a credit card from one institution, how long should I wait before applying for a card from another institution?

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changd089 asked:


There’s has been some family and financial trouble lately and I am considering canceling my only credit card I’ve had for the past 10 years with good credit. I was wondering what would happen to my credit score if I closed it? Also, what are other possible repercussions if I do?
Would my credit score go down if I lowered the amount of credit I have available?

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B asked:


I have 12,000 in credit card debt, no collateral for a loan, and a 599 credit score. I have no other bills and would be in great shape if I could pay these off. What are my options???

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