Do cell phones build or destroy your credit?
451472
Ok, I don't think any of the other answers have a clue.\n\nCell phone companies pull your credit report to see whether or not you will have to put down a deposit.  They use yoru past credit to see how likely it is that you will pay your bill.  Techinically this inquiry counts as an inquiry on your credit report, but by itself will have no impact on your credit.\n\nSince a cell phone is not a credit account, it does not go on your credit report.  UNLESS you don't pay your bill on time or do not pay at all.  Then the company will put collections and other negative remarks on your credit.\n\nIt really won't help your credit at all because it doesn't go on your credit report unless you do something bad.\n\nBut as long as you pay your bill and never more than 30 days late, it will not effect your credit at all.
803028
Too many cards will hurt your credit rating.  They look at your available limits (i.e. what you could borrow); if it's too high, the rating is lower.\n\nThey look at payment history.  Just have one or two cards, use them for purchases, and pay them off regularly.  That will build your credit history and resultant credit rating.
491896
First of all, they will find your car sooner or later.\n\nSecondly, and more importantly, it will affect your credit negatively for at least 7, possibly 10 years. This means you won't be able to buy a house, another car, get a credit card or student loans. \n\nFrom there, if you clean up your act enough to get credit again someday, you will pay interest rates that are double or possibly triple what some consumers pay.\n\nIs it really worth it?
324439
If you are talking about their credit score, then no.  I sell cell phones and we have to do credit checks with the company to find out if a deposit is required.  You have to have at least a full name, date of birth, social security number, current address, and a driver's license number if available.
734344
checks bounce....\nIt is important to keep your credit clean
785892
It will not hurt your credit if you pay off their bill.  If you do not, then it will.  After all you did promise to pay if they do not.
682787
Yes. This is a good tip (probaby the best use of 5 points on Yahoo! Answers I've seen yet!).\n\nThere are 3 credit bureaus. I'd recommend separating the 3 free credit reports over the year (rather than getting them all at once) to keep an eye on your credit. With so much identity theft out there, this is one great tool to try to stop it early if it happens to you.\n\nThanks!
1168544
Pros: \nIf done properly, it allows you to establish your credit and provides a means of aquiring goods that can be paid for orver a period of time.\n\nCons:\nIf you have no self control to abusing it, a credit card can and will bankrupt your finances and place you in a fiscal purgatory.
1037963
Yes, every time you apply for a credit card it goes into that big system in the sky.  You need some credit, but if you keep applying, it actually goes against you.
886122
No.  Most of those websites are scams.  They take your money and do nothing for you.  The reality is that noone can fix your bad credit except you.\n\nThe few websites that do help with this still have you do the work, they just provide you with the info.  Below is some info on how you can fix it yourself.\n\nFirst off, request your credit report (you can do it for free on the link below).\n\nOnce you go through your report, highlight those accounts that are bad.  Do any of those not belong to you?  Contact the credit report company and ask them to remove it from your credit as it does not belong to you.  Those that belong to you should be isolated into two categories:  Those you can pay off, and those you can't.  Contact those you can pay off and let them know that you will pay them off.  Ask them who to send the payment to, and ask that they remove the negative report since you will be paying them off.  Tell them you will not pay them unless they agree to remove the negative report.  They will.\n\nNow comes the hard part. Contact each and everyone of the bad reports that you can't pay off and negotiate with them to see if they would be willing to take a partial payment for the whole sum.  Let them know that things have been difficult and that you are considering bankrupcy, but that you would like to settle your debts with them before that happens.  As before, ask them to remove the bad report as a condition of paying them.  Most companies will take a partial payment over no payment.  This takes finesse and persuasion.  Always ask for a supervisor when you call as they have the authority to negotiate an account.\n\nLastly, guard your credit.  Get a secured credit card through your bank and make a very small purchase each month and pay it off each month.  A history of purchases and timely payments will improve your credit over time.  There are no quick fixes, so beware those who offer them.\n\nBest of luck.
645471
I suppose you are talking about the Bankruptcy law.  But it carries repercussions for one's credit record to file bankruptcy.
303968
Your credit can be affected by just about anything, from Utility bills, cell bills.....all kinds of things.  Anytime you have something you pay on, monthly, bi-monthly, if it's paid late that company can report it to the credit agencies.  Also no credit can sometimes be just as bad as bad credit.  So have him do some research.  Did he pay his water, gas or electric bill late, order anything from a catalog and pay late or not at all......has he paid his cell bill late, get any speeding and/or parking tickets that weren't paid on time?  Even over drawing a checking or savings account can show up.
339288
No. They will remain on your credit report for 7-10 years. Unfortunately that is the price you pay for claiming bankruptcy. You can still re-build your credit with secured credit cards and after 3-4 years you should be eligable for car loans, home loans etc.
785503
No. Your credit will simply be "renewed".
613750
everytime you check credit , it affects your credit in a negative way
460810
most companies checking credit to give you either a credit card or cell phone etc would like to see a minimum of about 620, if you have atleats 670 you can get better interest rates on loans and better credit deals.
35294
Yes, it can affect your credit rating if the unpaid bills are reported to one of the credit reporting agencies. A poor credit rating can affect your ability to obtain further credit, and can affect your ability to obtain some jobs where your creditworthiness may be a factor in assessing your reliability for a job. A bad credit rating can also make it more difficult for you to obtain insurance or you may pay higher rates (happens for car insurance, for example). \n\nIf you are having difficulty with debt consider talking to a debt counselor. More details at:\nhttp://www.bankrate.com/brm/news/cc/20040806d1.asp