Can you build credit by carrying a small balance on your credit card?

Post subject: Can you build credit by carrying a small balance on your credit card?

Guest

Posted: Sat May 17, 2003 9:51 pm


Is there any difference between paying my credit card off every month vs leaving a small amount to cary over in terms of good or bad credit? If there is, what's the difference?



Eugene
SENIOR MEMBER (Member for 2 yrs.+)

Post subject: Can you build credit by carrying a small balance on your credit card?
Posted: Sun May 18, 2003 10:29 pm


No. You do not build credit faster or better if you carry a balance, than if you pay in full every month. Carrying a balance is very expensive, it's a bad practice that generally should be avoided whenever possible.

Credit Card Harassment and Collection Agencies

Post subject: Credit Card Harassment and Collection Agencies

Guest: jim

Posted: Fri May 23, 2003 10:20 pm

Can anyone tell me why I'am being hounded by a collection agency for a credit card that I never had? they have called me several times and had wrong S.S number know they have My S.S number and say I'am a Jr. I'am not and never had a credit card only an atm card.What should I do???? How did they get my SS number??? Please help Me sincerly Jim,

Flyingifr

Post subject: Credit Card Harassment and Collection Agencies
Posted: Thu May 29, 2003 1:18 pm


I would immediately send them a "Cease Communication" letter Cert Mail RRR. If the call you again after recieving it, document the call and sue them for violating FDCPA.

If they post a derog on your CRA file, sue them for FCRA violation (posting known false information since they don't even have your SS number).