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Archive for February, 2009

How do they decide credit limits for your first credit card?

Screaming Llama asked:


I just applied for my first credit card ever yesterday, and I am hoping to get a credit limit of at least $1,500. I have no credit history whatsoever, I don’t have to make a house payment, no dependents, and I make $12.10 an hour working 35-40 hours a week. Would all those factors contribute to a higher or lower credit limit, and do you think I’d be eligible for the $1,500 limit?

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Highstreet Group – Credit Fixes – The problem and fixes

HighStreetGroup asked:


We at HighStreet, and many in our hedge fund community, are outraged at the appalling destabilizing commentary coming from the worthless credit watch agencies of Moodys, Fitch and Standard and Poors. Their recent announcements of the possible downgrades to Morgan Stanley and Goldman Sachs is borderline criminal. They should be censored pending investigation of their many apparent conflicts of interest, notwithstanding their complete failure to act with diligence and competence. Where were …

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What credit cards are made so that you are instantly approved or denied?

ersan b asked:


I preferably need a studen credit card (to build up my credit-seeing as how I do not have any line of credit). I just need to know which credit cards/student credit cards instantly approve/deny you or at least you find out some sort of answer within a few hours.

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