If a person opens a store credit card for the sole purpose of getting the initial purchase discount and closes the account soon after, what are the negative effects on a credit score? Does the long term effect outweight the short term benefit? I’d say the inquiries alone will affect the score negatively, but my friend still doesn’t understand how it is a bad idea if she closes the accounts. Help me explain it to her….
I recently opened a new credit card and noticed that my fico score plumetted 50 points after doing so. How long will it take for credit score to get over the fact that I opened a new account and regain those 50 points?
We are opening an adult residential day care business in our home and cannot find business liability insurance to cover it. We are in Nevada and are licensed to care for 6 adults (seniors) during the day …. Does anybody have any ideas WHO we can contact??????? Thanks. Can adult day care be ran out [...]
Im currently entering into a DMP(debt management plan) but also self employed, because of this i have to leave both my personal and business account, leaving both with an unpaid overdraft. So I need a new business account, applied to HSBC all going good but now they have asked for my last 3 months of [...]
I don’t make enough money to open any new credit accounts nor do I have any real assets. I just want to get it down to one payment a month and close some accounts out WITHOUT GOING THROUGH A CREDIT REPAIR OR COUNSELING CENTER OR WEBSITE. Any idea how I would do that?
What other insurances we would have to keep. We have already bought business content, malpractice insurance. The dental practice is located in california
Me and my husband is purchasng a house using VA and we are approved an we are scheduled to close Feb 7. Now we open a credit card and spent 3K. As far a I know our loan is being reviewed by mortgage underwriter, do you think it can affect the final approval? Help!
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