A reader asks…
Basically, how current is the credit agencies records?
Under normal conditions, my credit utilizaiton varies wildly.
When applying for credit, I generally want 10-20% credit utilization. I can make that happen, but I wanted to know:
How long after I make it 10-20% should I apply for credit?
How long do I need to hold my credit utilization at 10-20%?
A reader asks…
What happens to one’s credit when the person’s sole credit card is taken and used illegally? We’re not sure how this will affect efforts to refinance, as this is my wife’s only credit card. She will be receiving a replacement in the next week and will have an affidavit indicating that the charges were not hers.
Any suggested approaches to ensuring that her credit info is considered before the card was stolen and the account closed?
A Reader Asks…
When I go shopping, the store asks me if I want to save xx% off my purchase by signing up for a credit card. How bad will it affect my credit score if I sign up to get the discount. Pay it all off right away and canceling right after that? My first credit card received was in 2001 and I never plan on cancelling it.