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Rachel wants to know:

I have been in a debt management program with a local credit counseling service for about 8 months. My parents have offered to co-sign a loan so I can pay off the cards. The loan with the bank is a lower interest rate than the cards and will pay them off faster with a lower payment each month. Should I pay the cards directly or go through the credit counseling service? Which is better for my credit score?

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Anthony M wants to know:

I have 3 derogatory accounts on my credit score. I have settled them. They were charge offs and I settled them through a collection agency. Is there any way to remove these accounts becasue I think they are absolutely killing my credit score. Also, they have not been reported as being settled yet. I just settled them a month a go. Does anyone know how long it usually takes for the collection agency to report these settlements? Please help.

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amandabaskins82 wants to know:

My credit score is 549, because of personal loans and some other small bills I didn’t pay when I was 19. Now that I’m older and what to be a home owner what do I do to fix it? Its almost been 7 years but I was told that the 7 year rule no longer applies.

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Victor A wants to know:

I want to be able to accept credit cards. Take down my clients card number and be able to charge it online w/out a card reader. I also don’t want to use paypal or goggle. And the rate should be the same for personal cards as well as business credit cards. Thanks for the help.

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shooter 1 wants to know:

I have zero debt. I also have several credit cards. I am wondering how it will affect my credit to request the highest limit for each card, or if I should cancel all but 2 and have those with high spending limits. Along the same lines, how does “available” credit affect one’s credit score negatively or positively? If I get a $50,000 limit on a card (with 0 balance) but say, go to buy a car, will I be denied because I have too much credit out there?

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Miss Dee wants to know:

My credit score is in the mid 700′s; I have zero credit card debt and would like to boost my score up to the 800′s for future use.

I recently got a new credit card with the credit line of $10,500.00 (which I don’t intend on maxing out). Will this one credit card suffice for boosting my score; or should I get an additional card (i.e. AMEX)?

I understand asking for too much credit at once can lower your score.

Any thoughts?

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Alex L wants to know:

What is the ideal number of credit cards to get the best possible fico score. I don’t have late payments on my mortgage or credit cards. Thanks for the help

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Skeletal Lightning wants to know:

Is it possible for me to buy concert tickets without a credit card, and, if so how? I don’t have a credit card cuz I only use debit.

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John P wants to know:

Can someone explain in lay man terms as what exactly is this 8k tax credit for first time home buyer.

If I am a first time buyer , salaried with 60K/year,planning to buy 190K home for the first time in my life

Does it mean that government is giving me 8K from there end to buy home which I don’t have to repay ? Is that 8K like a gift to me from govt which I don’t have to repay ?

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Teartin wants to know:

I’m going to have a booth at an arts and crafts fair. I’m not sure how to accept credit cards. do i have to go with the manual cordless credit card machine or are there more options. thanks
How do i get the wireless equipment free?