Daily Archives: 1:55 pm

Is having too many credit cards bad?

jim.walker0 asked: I like to take advantage of the cash back of major cards and coupons that many department stores give. I have about 8 different cards. Total probably around $20k in credit limit. Is it bad to have that much credit? I have no problem at all controlling my spending and have no debt-everything…

Can I apply for home equity loan while house is listed for sale?

User asked: In MD area, is it possible to apply for home equity loan while house is listed for sale? I am trying to purchase a land/lot, but need home equity loan for downpayment. I know loan guidelines have been pretty tight recently. If my house is sold, home equity would obviously be paid off…

Is Secured credit card better than other credit cards for bad credit people?

calon adam asked: I’m thinking about getting a credit card but I have bad credit and only know about secured credit card. What are the chances of getting it? Is it better than other or not?