Archive for January 2010

Is it bad to have a business account credit card but no business?

italymanru asked: I was applying for cards and to be honest I don’t even remember filling out the application for this account. But I received a Chase business account card and approved for $10,000 on it. I activated it and have been using it since. My question is, does it matter that I do not [...]

Under age Credit Card usage, am I responsible for this?

k c asked: In jan of 2007, when I was 17 years old, I had lied on my age on a credit application to American Express for a credit card. A few days later It came in the mail with a $2000 Limit. I had regretfully used it. In Feburary, American Express had sent me [...]

Does the statute apply 7 years to a minor (14 yr old) that is issued a credit card by a credit card co?

momyluvinc asked: If a credit card company issues a credit card to a 14 year old minor because they can lie on the application, can they harrass the parents about paying the debt? Will it carry over after they are 21 to pay or will the statute of limitations apply to this as well- 7 [...]

Need to get a credit card in my name?

retrodragonfly asked: I’m having a problem with getting a credit card in my name. Since I’ve graduated from high school I’ve had a credit card but its in mine and my dad’s name. We both assumed that it would build up my credit but it turned out to not. I pay a bills in full [...]

Will I Get Approved for a CIBC Student Credit Card?

VLG asked: Around 7 months ago I got into quite a financial mess. In the end I ended up missing my credit card minimum payments about 3 times or so. Since 4 or so months ago I caught myself up, paid what I owed from the missed payments all at once, and havn’t paid any [...]

Credit card info.please help a.s.a.p?

brinnasmith18 asked: Im trying to establish my credit now but this is my first time applying for credit. I’ve never owned a credit card before. Everyone I apply to is declining my application due to the fact I have no credit history. Can anyone give me some suggestions on who I can look to to [...]