Expired.com is giving a free Panasonic DVD-LS86 8.5 Inch Portable DVD Player to those who apply and are approved for the Expired. The DVD Player includes car adapter, remote control and AV cable.
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#1
BBB - Posted 12:14 pm PDT 10/11/08 (95 Posts)
Your credit score will be lowered with too many credit cards.
If you think your credit is too good for today's credit-crunching economy, go ahead and face the reality when you really need a loan.
If you think your credit is too good for today's credit-crunching economy, go ahead and face the reality when you really need a loan.
#2
asdfsdf - Posted 12:15 pm PDT 10/11/08 (99 Posts)
in for one... let's see if they actually send it.
btw, #1 is somewhat correct - having too many credit cards with open balances does hurt your credit rating. but having credit cards with zero balances (or balances being paid off in full) actually RAISES your credit rating over time.
btw, #1 is somewhat correct - having too many credit cards with open balances does hurt your credit rating. but having credit cards with zero balances (or balances being paid off in full) actually RAISES your credit rating over time.
#3
TLS - Posted 12:38 pm PDT 10/11/08 (15 Posts)
Is this worth having another credit card? Granted I only have 2 right now. But I've always been thinking about getting a Discover card for it's 5% back on gas. But I moved about a month ago and hardly drive now so its a wash with that.
As noted by #1 opening a card hurts your credit score. But as noted by #2 if you pay off your balances it does it improve it. I don't buy stuff often outside of daily expenses and thus never have any credit card debt.
As noted by #1 opening a card hurts your credit score. But as noted by #2 if you pay off your balances it does it improve it. I don't buy stuff often outside of daily expenses and thus never have any credit card debt.
#4
spamdie - Posted 12:59 pm PDT 10/11/08 (169 Posts)
With the economy now. A new credit card will kick your fico down by at least 100. That is if they let you have the card.
And no #2 having too many credit cards also lowers your credit rating because you have too much available credit. They also have in the equation what happens if some day you decide to tap all the credit at once.
And no #2 having too many credit cards also lowers your credit rating because you have too much available credit. They also have in the equation what happens if some day you decide to tap all the credit at once.
#5
pacohaas - Posted 2:00 pm PDT 10/11/08 (269 Posts)
I have 8 credit cards and a credit score on Equifax of 766. Don't carry a balance and keep your cards around for longer than 6 months and your score will improve.
#6
dustymcc - Posted 2:26 pm PDT 10/11/08 (238 Posts)
8 credit cards?! why stop at 8? - go for a full dozen (it appears to be the(consumer based)"American Way". Find a good thing and completely overdo it. i blame the media blamers.
#7
greenmonde - Posted 3:51 pm PDT 10/11/08 (74 Posts)
Kind of strange. I had a score of 804 and it went down to 789 after gettting my Discover Card with the ipod deal last month. I just cancelled the Discover card today too. Damn bastards prompted me to cancel today because they enrolled me in a program automatically and I would have to cancel later so forget them.
#8
noneyet99 - Posted 4:08 pm PDT 10/11/08 (111 Posts)
Discover card uses 2-cycle billing, so even if you pay off your balance, you pay extra, and if you carry a balance, you are toast.
They make more off that than the 5% they give you back.
They make more off that than the 5% they give you back.
#9
LJW - Posted 4:14 pm PDT 10/11/08 (714 Posts)
#8: whaaaa? If you pay your bill in full at the end of the month you still have to pay interest? I'm cancelling that stupid card NOW.
#10
noneyet99 - Posted 4:40 pm PDT 10/11/08 (111 Posts)
check your fine print on your bill, that is what they used to do, and if you are polite and persistent their phone support confirmed to me that detail (years back).
#11
Goobylal - Posted 8:03 pm PDT 10/11/08 (93 Posts)
If you pay-off your bill by the due date, it's a non-issue. If you carry a balance, it's an issue.
#12
JeepingG - Posted 8:51 pm PDT 10/11/08 (91 Posts)
#7, if you are really worried about a 15 point drop in your credit score, you are spending too much time worrying about your credit score.
Essentially anything you do in the short term will lower your score except pay off debt you already have. However, have a 0 balance too long, that will lower your score, too.
Get a card, cancel a card, both will lower your credit score.
Essentially anything you do in the short term will lower your score except pay off debt you already have. However, have a 0 balance too long, that will lower your score, too.
Get a card, cancel a card, both will lower your credit score.
#13
dizzum - Posted 11:29 pm PDT 10/11/08 (746 Posts)
Canceling a Card @ zero balance will still lower you score, Or at least it did to mine @ 32 points. Credit scores don't mean much right now or anytime within the near future as Banks are not giving any credit, period! Hold on to your cash people, and spend it wisely as you're going to need it.
#14
SmallWhyteGuy - Posted 6:42 am PDT 10/12/08 (116 Posts)
If you search back, Discover More offers a $125 gift certificate from Amazon.com, or a 500gb external hard drive. I chose the external hard drive then but if I were to do it over, I'd choose the $125 gift certificate.
#15
valie520 - Posted 7:23 am PDT 10/12/08 (7 Posts)
Yeah, don't think I really need another CC.
#16
buttmunch - Posted 12:50 pm PDT 10/12/08 (439 Posts)
"Phillips" or "Panasonic"?!? I thought they were still different companies.
#17
tony1121 - Posted 6:37 am PDT 10/21/08 (11 Posts)
credit cards are fun and nutritious
#18
sleepysan - Posted 9:44 am PDT 10/21/08 (10 Posts)
you have to average the three bureaus in order to know your real score.
#19
murrycat - Posted 7:49 am PDT 10/23/08 (7 Posts)
I don't need a credit card, wish i could get the dvd player anyway ;(
#20
ez_goin - Posted 1:07 pm PDT 10/27/08 (13 Posts)
The last thing that I need is another credit card, but what the hell. I'm a real sucker for free stuff.
Wii
New iPod
iPhone