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When can you get a credit card after paying off debt?
Most likely your bank. If you have been a valueable customer for many years and never left them no matter how much they charged you on overdraft fees, they will most likely give you a credit card,...
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Is paying off your credit card bad?
Only if you OWN the credit card company. Credit card debt is a silent killer. Make the choice to carry ZERO credit card debt.
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Can paying off a credit card damage your credit score?
No, only if the account is a paid closed account. What affects your score is utilization of your credit limit, which should only be about 25 to 35%.
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Can paying off credit card balances hurt your credit?
paying off no, closing the account yes.
6,000 owed/10,000 credit limit =60% of credit used
2,000 owed/3,000 credit limit=66% of credit used=lower fico
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Will paying off your credit cards raise your credit score?
things that raise your credit score are , having major cards open more than 3 years, and showing good standing with that creditor. you dont have to use a credit card to show good standing. yes paying...