     MO-money | Wednesday, February 28, 2001 - 07:00 am
We all have our problems with money or questions about, and the best way, the only way, to find out is ask. So whether you have questions about paying bail, tax returns, investing, banking,scholarships or anything else that comes to mind, this is the place for it. As a soon to be multi-millionare, I am glad to share my knowledge with all those who seek it. So just ask and I'll try my best to give you a decent answer or I'm sure there will be s.o. else in this forums who can.
"With money in your pocket, you are wise and you are handsome and you sing well too." |
| Anonymous | Wednesday, February 28, 2001 - 08:17 am
ok smark guy. I heard that it looks bad on your credit report to cancel credit cards...is that true? I mean I've cancelled like 4 cards so far. |
| MO-money | Wednesday, February 28, 2001 - 09:51 am
No, it doesn’t look bad on your credit report to cancel credit cards. A good credit report shows that the borrower has accumulated debt and has been successful at paying it off, or making regular, timely payments...you get the idea.
What really looks bad on your credit report is bankruptcy, late payments, non-payments and liens,
among other things. It has become almost standard to transfer debt to a card with a lower APR and then cancel the first card. That practice has made credit card companies more willing to compete with each other to gain business. So go ahead, cancel all you want-it's not everyday I see a Somali whith the luxury of cancelling their credit cards-no direspect.
Adios. |
| SHIRE | Thursday, March 01, 2001 - 04:55 am
lol...Somali with lUXURY.../ Neither do I......
BRo How do they find out if you have been late or had bad dept history before? What method do they use to filter as most of the people are called Farah and John and could be born same time as well? |
| MO-money | Friday, March 02, 2001 - 09:24 am
well that's easy: all your credit history (late payments, bankruptcy etc), they're all recorded in your credit report which all your crditors have access to. |
| Shire | Saturday, March 03, 2001 - 07:45 am
Mo-Money
Please read my writing again?!
I understand they have records of past dealings, but how do they differentiate all the people who have a similar names or date of birth?!
Thank You again mo. |
| Anonymous | Saturday, March 03, 2001 - 08:10 am
I'm no money expert but I even know that: social security number-------everyone has one!! |
| BlackBeauty | Saturday, March 03, 2001 - 08:28 am
SHIRE
Every Somalian I know was born on the 1'st of Jan these dayz and they all called Mohamed or Asha.
MO-MONEY
U sure have all your Money details handy. Question.......Do you work in a bank? Or U majored in Finance?
Anywayz I need advice bro.....Im a finance student myself and can never handle my cash man. I spend it like rain......The only best thing I do though is I lend money to my family/friends when I get my Loan from University and when I get paid at my Part-time job..........so that when I am broke and qiiiqeyning........I can have it back.......I've been told that's wise investment. But what do you reckon?
PEACE |
