Comments on: What Happened to Your Credit?

By: LuckyMoneyCat

LuckyMoneyCat — Wed, 05 Nov 2008 00:33:13 +0000

I haven’t felt anything but rumor has it that if necessary a creditor can demand full payment at any time.

My Boss has had a hard time getting approved for a mortgage loan and his credit is great. He did get one and the interest rate is 5.35 percent.

By: Weekend Linkage - November 2, 2008

Weekend Linkage - November 2, 2008 — Sun, 02 Nov 2008 14:58:48 +0000

[...] What Happened to Your Credit? “Have you seen any effects of the so-called “credit crisis” on your stash of credit cards? ” [...]

By: Madison

Madison — Fri, 31 Oct 2008 18:32:08 +0000

@ Bharani: This might help: How Do I Organize 181 Accounts? Although, I only carry 2 or 3 cards with me. The rest stay at home! @ Frequent Visitor: My credit score is fine because I always keep the utilization to less than 49% on any one card. I try to keep the overall utilization to 20%. I'm going to have to do some digging to figure out how big my credit report is... I usually only check it online, so I'm not really sure! I know its more than ten though! @ Neil: Don't worry, we pay of all our balances each month that aren't used for credit card arbitrage, and I'm a big fan of earning cash back. Here are the cards that I currently use: Reshuffling My Whole Cash Back Credit Card Plan

By: Neil Anuskiewicz

Neil Anuskiewicz — Fri, 31 Oct 2008 04:42:06 +0000

I am have an alternative strategy: I get cards that get me points toward things. For example, I have an L.L. Bean card and an REI card and buy all my clothes and outdoor gear from these two sources.

Since I pay my balance off every month, as do many others, why not take this approach of a card with perks that you like?

By: Frequent Visitor

Frequent Visitor — Wed, 29 Oct 2008 02:49:03 +0000

How does your credit scor look like.

Do you mind sharing that information.

Just for fun,you can tell us how big is your credit report – 10 pages or 100 Pages. ( Please do not take it offensively)

By: unimax

unimax — Wed, 29 Oct 2008 01:29:31 +0000

I am interested in knowing how you maintain/organize so many cards. Do you have a special kind of wallet?

Bharani

By: Rassah

Rassah — Tue, 28 Oct 2008 18:36:10 +0000

The only effect I, and I’m sure you, had from this credit crunch is lowering rates in the savings accounts used to make money off of this. ING and FNBO dropped rates a bit, which brought the total expected income down a bit. For now it’s negligible, but if the financial crisis continues and banks keep lowering their savings interest rates, it could start to really cut into the profits, and plans I had for them.