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LadyMar wants to know:

I have been using rewards cards and paying off the balance for years. I have read that applying for new credit card wont affect your record if you only get one, and don’t open too many in a short period of time. Not sure what “short period of time” is . There are 3 rewards cards I have been meaning to get because of bonus/rewards, but not sure how I should space them out.

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msc44 wants to know:

I want to get a frequent flyer credit card but I already have 3 credit cards with generous limits. I don’t need these credit cards and I would like to cancel them and have this “possible credit” to go towards the new card. I heard once that canceling a credit card has a negitive effect on your credit score. Is this true? If so, how do I switch credit cards and avoid affecting my credit score in a bad way?

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sara_lynn2859 wants to know:

I’ve taken a secured by savings loan at my bank and that has raised my credit score enough for me to get a credit card. I have fair credit right now. I have had my credit card for 6months and made all payments on time but still no improvement on my credit score.

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Ashley B wants to know:

I have a low credit score. do i need to hire someone to reapair it, and who? wanting to try and buy a house in less than a year and i want to have a decent credit score.

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Coral wants to know:

How many points does your credit score go down for every late mortgage payment made 30-35 days after the due date?

Is this hard to repair?

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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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Test wants to know:

I heard having too many credit cards can lower your FICO score even if you pay them full each month. How many can you get before they drop your score?

I had problem getting a credit card when I had no credit history and then after I finally got one, I had difficult time getting another one, because banks said I had “too few” revolving accounts. Now I have 5 credit cards and only 1 of them carry balance. My balance to credit ratio is 6% and my FICO score is 740.

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Erick R wants to know:

Hello, I am trying to find out how to build my business credit without being attached to my personal credit score. I would like to know if anybody has information regarding what credit cards are available to do this. I would love any free information or links to sites that can tell me how to build my business credit. Thanks!!

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monicamellish wants to know:

I am working on paying off my credit cards because I am planning to retire in 3 to 5 years. Is it ok to close out these paid up cards all at one time or does it matter?

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James H wants to know:

I have a low credit score. do i need to hire someone to reapair it, and who? wanting to try and buy a house in less than a year and i want to have a decent credit score.

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tgent2k1 wants to know:

I have 4 credit cards (limits are 1000, 3300, and two 500s) and was considering getting rid of one 500 credit card. Should I pay the whole thing off and KEEP it or GET RID of it??

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Kat wants to know:

I know having too many is not good for a person’s credit score and looks bad to those checking this credit. But not having any credit (such as cards) is not good either. So is it best to have more than one card?

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ak momma wants to know:

I payed a delinquent phone bill four years ago. This is still making problems for my credit score. Can I write to the credit companies and ask them to remove it? Thanks!