okeydokey asked:


My friend was selling his house and couldn’t make the mortgage payments while the house was on the market. He said the real estate agent/company would pay his mortgage while it was up for sale. Then when the house sold, they deducted it from the price of the sale. How is this done?
Also, if you don’t make any mortgage payments while the house is on the market can it go into foreclosure?

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Aliase asked:


I want to set aside $350 a month untouched for a minimum of 14 months but if all goes well possibly even 62 months I already have an emergency fund set up so if something happens I shouldn’t need this account just wondering what is the best type of accout to make the most interest off of if I will be putting another 350 every month?
I don’t know much about the difference between regular savings accounts, MMA, or even CD’s or Savings Bonds.

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Yahoo Answerer asked:


I want to make a new years resolution to pay off my credit cards, and I want to close them out to make sure I don’t get tempted to use them. Will that look bad on my credit score if I close them out, when they still have a balance? Also, do they carge extra for doing that? Thanks for ANY advice on this!

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soulweaponry asked:


I’ve always heard its good to keep your credit/balances at a certain ratio to improve your credit rating. What should mine be? I have 2 cards: one with a $200 limit and the other with a $250 limit. How much should i spend on each?

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Gaspard asked:


I know many credit cards can add on a 2-3% surcharge for using a credit card overseas but what rate do they charge for the currency conversion?

Do they take the market rate at the exact time of the transaction or do they use the market rate at the close of the business day?

Or do they use a rate determined each morning and posted on the sponsoring bank website – to which it’s better to check their rates before making a purchase.

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Stepmom7 asked:


My husband and I have around $20,000 in credit cards and I want to get them all on one to only have one payment. Do I get another credit card and put them all on there, get a personal loan, or is there something else out there that can help us? We have good credit, so I don’t want to ruin that. Please help!!

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Shayan Z asked:


I need a business card for my company, how can I order one witgout a credit card or paypal. Preferbly, I’d like to order cards and get billed by mail.

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Curt F asked:


Hi everyone.
I’ve been spending alot of time contemplating credit score issues and I am now considering applying for 4 new credit cards at once. However, I plan on never activating the cards for use or charging anything to the accounts.
I know my score will take a big hit for this one day of hard inquiries, but I think that in the long run it will greatly benefit my score because of the large increase in available credit with no increase in used credit.
But at the same time i’ve heard that when I go to apply for a mortgage, the banker will probably notice my available credit and use that against me.
My question is – what are all of the possible downsides of having many credit cards besides the obvious temptation of spending money you don’t really have?

Thanks so much for your help and I’m looking forward to your advice.
Thanks for the great responses – my score averaged from the three bureaus is 736 and all the offers were approved. In all honesty, my company’s stock just hit a 3 year low, so I am going to 0% cash advance the credit into my corporate discount ESPP program and flip the shares. I know this is not encouraged by most corporations – but hey the free money is hard to pass up.
Then I will reimburse the cards and let them sit until I see another opportunity of this sort. Thanks again!

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Rainy asked:


we have a small business and want to start excepting credit cards as payment but don’t know where to start ?? do I call the bank or visa or master card ??

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monicamellish asked:


I am working on paying off my credit cards because I am planning to retire in 3 to 5 years. Is it ok to close out these paid up cards all at one time or does it matter?

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