Transfered 2 of my cc balances and want to close the accounts?

I just got approved for an Amex Blue card for $6000.00. I transfered a couple of my high interest rate credit cards from my Express Fashion account and mu Household Bank account to my new Amex card to take advantage of the intro 0.00% APR for 12 months to pay them off. The total amount that I transfered to my new Amex account is $1,129. My question is should I close both of other accounts, or just close out my Express account and still keep the Household bank account with the $1,100 credit limit? Please give me advice, on what will have the least negative affect on my credit score

Transfered 2 of my cc balances and want to close the accounts?sba loans

You are very good in keeping tract of your accounts. It%26#039; is good to transfer and consolidate into one account, but it is not very good to keep on opening and applying credit cards to so many companies. If you are not going to apply for any major loans right now or in the next one year, it is best to close all your open credit card accounts and just leave one that is your favorite and you have relationship with already for a long time. Anyway, whether you close or just not use your credit card, they will still show in the credit reports. But for fraud sake - If I were you, I will close some and leave just one that is my favorite. I will pick the one with the 6,000.00 limit but, compare the interest rates and make sure that you pay every month all that you owe. Do not leave any thing to pay or balance to pay from last month to next month - in other words try to pay off every month so you could get away from big interest rate charges. And don%26#039;t charge unless you really really need to charge.

Transfered 2 of my cc balances and want to close the accounts? loan

Cancel both cards you transferred from, otherwise you will be tempted to use them in the future, which could burden you in the long run.

Household isn%26#039;t the best company to have a card with anyway.|||If you can keep from using them, the BEST thing for your credit score/history is keeping both cards open.|||Don%26#039;t close out the accounts. This will lower your credit score.|||I would close one and keep another one open FOR EMERGENCIES (and I%26#039;m not talking about a sale at Blomingdales...LOL LOL.) Don%26#039;t use the Amex card until the balance is paid in full.|||I really don%26#039;t understand why....whenever someone asks this question on yahoo, people are always quick to answer close the accounts. PLEASE, PLEASE, PLEASE, do not close the accounts. For starters you transferring the balance to AMEX, raises your score because those balances are considered paid off and are at zero. Now instead of having two cards that are caring balances, now you have one. Also closing the accounts will do nothing but lower your score. Just keep the cards open, and don%26#039;t use them or get carried away if possible. Save for emergencies or if you do use them, keep the balances low. I also have a household bank card, and I have no problems either. Low interest rate, no annual fee, (they don%26#039;t give rewards) but when my credit was messed up really bad, they were the first ones to give me a credit card when everyone else denied me. But overall keep the accounts open.|||Make sure to keep the one you%26#039;ve had the longest open. History of credit is one of the important factors in the calculation of credit scores. So if you%26#039;ve had the cards for a few years and close them, you%26#039;re credit history will not seem as long.|||Closing credit card accounts will put a small ding in your score. But since you just opened a new card with a larger limit, you wouldn%26#039;t even see the ding if you closed both of those accounts.

However, if you close them you also close your history. I recommend you keep the major credit card. Just don%26#039;t carry a balance. If you use it, pay it off in full each month.

Close the Express Fashion if that%26#039;s a store charge card. It%26#039;s better to have a manageable number of credit cards. You must monitor and secure those cards.

Oh, work on paying off that balance that you transferred. Carrying balances on credit cards is a bad thing. You pay interest.|||Ok,

It can lower your credit rating to close the accounts. But that will only be TEMPORARY. Also if your credit to debt ratio will remain low, it is no big deal to close off unused accounts and should minimally impact you.

It is important to check your credit report after you close them to ensure that the closure says it was by your request.

If you are not looking for a loan/mortgage in the near future, it%26#039;s better to close off unwanted accounts.

Check my link below, it is very, very helpful!

Can some one who is good in math help me with my math?

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My Homepage My Courses Student # 50457691

--------------------------------------...

Examination Number

986033RR

CONSUMER MATH, PART 2

--------------------------------------...

When you have completed your exam and reviewed your answers, click Submit Exam. Answers will not be recorded until you hit Submit Exam. If you need to exit before completing the exam, click Cancel Exam.

Questions 1 to 20: Select the best answer to each question.

1. John and Mary Billings own a condominium with an assessed value of $110,000. If the tax rate is 25 mills per $1.00 of assessed valuation, how much tax do they pay?

A. $1,200

B. $2,750

C. $1,420

D. $1,840

2. John Davis makes $9.75 an hour. He works four hours on Monday, six hours on Tuesday, five hours on Wednesday, five hours on Thursday, and seven hours on Friday. What is his gross pay?

A. $263.25

B. $269.98

C. $132.70

D. $174.20

3. Mary Palm%26#039;s checking account had a starting balance of $785.63. She wrote a check for $57.00 for groceries and a check for $125.00 for a car payment. Yesterday she deposited $57.25 in her checking account. What is Mary%26#039;s current balance?

A. $660.88

B. $554.26

C. $796.38

D. $603.63

4. Suppose your bank honors a check for which you don%26#039;t have sufficient funds in your checking account. This action means that you%26#039;ve arranged beforehand for a/an

A. personal loan.

B. overdraft loan.

C. mortgage loan.

D. installment loan.

5. Carlos Martin received a statement from his bank showing a balance of $56.75 as of March 15th. His checkbook shows a balance of $87.37 as of March 20. The bank returned all the cancelled checks but two. One check was for $5.00 and the other was for $13.25. How much did Carlos deposit in his account between the March 15 and the March 20?

A. $48.87

B. $11.22

C. $125.87

D. $162.37

6. Phil Smith is a car salesman. Last week his total sales amounted to $27,650.00, and he received $1,382.50 in commission. What is his rate of commission?

A. 4.8 percent

B. 5 percent

C. 17 percent

D. 23 percent

7. Dawn Lingua bought three yards of cloth to make some curtains. The cloth was on sale for $2.25 per yard. How much did Dawn pay for the cloth if the sales tax was 5%?

A. $7.25

B. $8.07

C. $7.09

D. $2.36

8. Jan Quint earns $7.00 an hour at her job and is entitled to time-and-a-half for overtime, and double time on holidays. Last week she worked 40 hours of regular time, 9 hours of overtime, and 12 hours of holiday time. How much did she earn last week?

A. $524.50

B. $532.00

C. $542.50

D. $348.75

9. From net earnings of $740 per month, Ginger Elliott must spend $200 for her portion of the rent on an apartment she shares with two friends. What percent of her net income is her rent payment?

A. 38 percent

B. 27 percent

C. 73 percent

D. 32 percent

10. Lily Quinn makes $12.50 and hour. She works four hours on Monday, six hours on Tuesday, nine hours on Wednesday, three hours on Thursday, and seven hours on Friday. What is her gross pay?

A. $325.50

B. $420.50

C. $362.50

D. $462.50

11. Eliza Savage received a statement from her bank showing a checking account balance of $324.18 as of January 18. Her own checkbook shows a balance of $487.38 as of January 29. The bank returned all of the cancelled checks but three. The amounts of these three checks are $15.00, $77.49, and $124.28. How much did Eliza deposit in her account between January 18 and January 29?

A. $197.24

B. $379.97

C. $54.44

D. $201.12

12. Glenn Andrews recently bought a new motorbike for $3,950. If he had to pay 6 percent sales tax on the bike, what was the total cost of the bike?

A. $4,187

B. $2,370

C. $4,010

D. $3,713

13. Jim paddles from one shore of a lake three miles wide at 4 mph, and John paddles from the opposite shore at 5 mph. How long will they travel before they meet?

A. 27 minutes

B. 20 minutes

C. 1 hour, 24 minutes

D. 3 hours

14. The gross income of David Vaughn is $785 per week. His deductions are $42.25, FICA tax; $90.33, income tax; 2% state tax; 1% city tax; and 3% retirement fund. What is her net income for one week?

A. $628.77

B. $749.77

C. $605.32

D. $675.32

15. Victor Malaba has a net income of $1,240 per month. If he spends $150 on food, $244 on a car payment, $300 on rent, and $50 on savings, what percent of his net income can he spend on other things?

A. 43 percent

B. 64 percent

C. 40 percent

D. 300 percent

16. Juan Ramirez sells suits in a major department store on weekends. He earns a commission of 5 percent on the first ten suits, and if he sells more than ten, he earns an additional 3 percent on the additional suits. Last weekend Juan sold thirteen $250 suits. What was his commission?

A. $260.00

B. $147.50

C. $185.00

D. $210.40

17. The gross income of Ginger Hughes is $215 per week. Her deductions are: $15.16, FICA tax; $29.33, income tax; 2% state tax; 1% city tax; and 3% retirement fund. What is her net income?

A. $57.39

B. $202.10

C. $157.61

D. $170.51

18. Rob Polanski is a tractor salesman. Last week his total sales amounted to $38,642.00, and he received $2,704.94 in commission. What is his rate of commission?

A. 7%

B. 5.9%

C. 6%

D. 8.4%

19. Alice Correa bought three yards of cloth to make a dress. The cloth was on sale for $1.93 per yard. How much did Alice pay for the cloth if the sales tax was 5 percent?

A. $6.08

B. $2.02

C. $5.82

D. $5.79

20. What is the reading in kwhr of the electric meter shown in the exam figure below?

A. 9742

B. 1641

C. 0631

D. 1732

If you experience technical difficulty while taking this exam, wait a few minutes and follow the instructions on the FAQ.

Copyright %26amp; Terms | Privacy Policy

Can some one who is good in math help me with my math?finance

1. B

2. A

3. A

4. A (what does this have to do with math?)

5. B (i didn%26#039;t get this one)

6. B

7. C

8. C

9. B

10. C

11. C (same deal as #5)

12. A

13. B (didn%26#039;t get this one)

14. C (guessed this one)

15. C

16. A

17. C

18. A

19. A

20. IDK there%26#039;s no fig for this one

Can some one who is good in math help me with my math?

loan

I KNEW MY ANSWER WOULD WORK! COMPARE THAT TO ALL THE OTHER SUCKY CHICKEN LOSERS!!!! FYI, IT WAS NOT CHEATING, IT%26#039;S CALLED %26quot;LENDING A HELPING HAND%26quot;. Report It

|||you appear to be asking us to assist you with either a pre-employment exam or a course placement exam online.

your reproduction of the exam here violates the copyright associated with it, which the last line notifies you exists and binds you.

no help from me.|||It is EXTEREMELY INAPPROPRIATE and possibly illegal for you to be doing this. Do your own test.

It is one thing to ask for help it is another to CHEAT!

No help from me.|||Asking a question like this, will get you nowhere very quickly! I highly suggest you go get help in Math NOW! If you continue to ask these types of questions, I hope you marry a rich guy!

I think I need to seek some advice from a financial planner. How do I ?

Do you just call on the phone and tell them you need financial advice. Do they charge you a rate for their advice? Do you bring all of your bank account information, 403b, bonds and savings information with you. How do I go about this? Who will give me good advice on investing?

I think I need to seek some advice from a financial planner. How do I ?military loans

Yep, you definitely want to get references. You can always check with the Better Business Bureau, but I%26#039;d suggest checking with sources you know - friends and relatives who have been happy with the advice they%26#039;ve gotten. There are thousands of people out there that provide advice. Not all are honest, and not all are knowledgable. For that reason, it might pay you to do a little reading first, before you hire someone, so that you know enough to recognize whether someone is %26quot;blowing smoke%26quot; or if they%26#039;re real.

Realistically, you shouldn%26#039;t need to bring EVERYTHING with you, but some companies teach their newbies to demand to see all your paperwork. It really is overkill, but I guess they think they are doing %26quot;due diligence%26quot; by inspecting every document. What you really need to know is how much you have invested, where, and how much you earn and how much of that you can afford to invest going forward. So, to some extent, 403b%26#039;s, bonds, etc. would be helpful, but you don%26#039;t need bank statements, just a general idea of balances that you can invest.

Best of luck to you.

I think I need to seek some advice from a financial planner. How do I ?

loan

You can go to some websites listed below. I have personally used Ameriprise through American Express and love them. They came out to my house and went over some of the money flow systems, retirement and savings for my future house.

Mike

http://www.ameriprise.com/amp/default.as...

http://www.prudential.com/index/|||how much do u have? if its significant u need to go to someone that specializes in over 250K in assets since they are better.

otherwise, look up highly rated fin planners off of money magazine, or fortune magazines list and contact one of them.

they will charge u a fee of around 1% or so to manage your money.

u wont neccessarily have to take the bonds to them. u will need to be able to provide them accurate infor on what u have.

they will need to know all your assets etc and speak with you about your risk tolerance and a lot of other factors to determine what mix of investments are right for you. its important to go to someone that is highly regarded for knowledge and honesty, obviously.|||Get references for a financial planner from people yuou know, if you can. They should either be a Certified Financial Planner or a Registered Investment Advisor. Check with your state securities agency. They should be registered there and you can check on their background. Also check with the National Association of Securities Dealers. Thats the agancy that regulates broker//dealers, investment advisors etc. You may be able to get a list of financial planners in your area from the NASD or your state agency. Also you may want to check with the Better Business Bureau. When you chose a planner you should recieve a copy of their ADV. Thats their disclosure statement that tells their background, qualifications, services they offer and their fees. Fees are usually charged either on an hourly basis for a set amount of time and advice which yiou can implement yourself. They may charge a couple hundred dollars an hour for this. Or by a percentage of how much you have invested with them, if you want them to continuously manage your portfolio for you. That fee should be less than two percent annually.|||To get the proper financial advice you should either get a referral or speak to two or three professionals in person or over the -phone before making your decision. It is important to know that big names do not guarantee you sound, personal advice. A good advisor will offer you a free consultation. In that initial conversation, you should determine if the person is trying to %26quot;sell%26quot; your or help you understand what planning will do for you. Once you agree to work with a planner, you will be told what the fee will be.

Your question makes me wonder whether you need a financial planner to help you set up your estate, or an investment advisor who can help improve your financial condition. If all you want to do is reduce your taxes, debt and losses in the stock market, an advisor with a minimum of five years in the field is your answer.

Don%26#039;t expect to get advice that can help you build wealth, for free.

The typical fee for expert advice starts at $500 and can go as high as $5000.

A good advisor will listen to you first, without making a lot of ovations. Beware the hounds that are out there who come in with their laptops and start spitting out terminology that will make your head swim.

I treat people as if they are the last person I will ever meet. The result is that they are happy that they came to us. There are a lot of professionals that will do the same. If you have assets valued from $200,000 and upward, you should demand good service and references. Don%26#039;t be taken by people who are well-dressed and have glossy looking literature to spread out in front of you. That%26#039;s the last thing they should offer you if they are success oriented.

Be diligent in your search for investment support and keep your ears and eyes wide open. You will find what you%26#039;re looking for soon enough.

Hawk|||1) Yes.

2) Yes.

3) Yes.

4) Frank Castle.

Debt conslidation?

I have tried to get all my bills together on one payment but the bank would only give me 20% intrest. The probalem besides the high rate is that my highest rate on all of my credit card is only 10%. I allways pay on time, so why cant I get a lower rate? Any ideas? (no equity loans!)

Debt conslidation?horses for loan

Is that really necessary? I mean you have tried that and it ends up the same way. Why don%26#039;t you pick only one card. Cut up the others and don%26#039;t spend them and get those paid off. Just keeping the one will help you only charge one account, keeping you from having outrages bills. Just give it a thought!

:)

Debt conslidation?

loan

10% is not bad at all for credit cards. I don%26#039;t know how you will do any better than that without doing an equity loan, unless you can find a high limit credit card that offers 0% interest for the first year that you can consolidate onto. But then you have to be careful about what your plans are once the rate adjusts (which will likely be higher than 10%)

WAMU or Emigrant Direct?

Should I take advantage of the online special at WAMU right now - 5% APY if you get a savings and checking account, or open an Emigrant Direct online savings account? Will that WAMU rate stay so high or will it drop later? I%26#039;m more confident in the consistency of Emigrant%26#039;s rate. What do you all suggest? Any users of either of these banks? I currently have checking with Bank of America.

WAMU or Emigrant Direct?credit cards

You have to remember that WaMu and EmigrantDirect.com are very different establishments. EmigrantDirect.com is strictly online, meaning no branch offices, no check writing priveleges, etc. WaMu is a brick and mortar facility as well as an online presence. You%26#039;ll get an actual checkbook from WaMu which may or may not be helpful to you, depending on how your personal finances are.

The WaMu rate in all likelihood will go down, though, whereas EmigrantDirect.com has greater ability (and incentive) to keep their rates higher. Overall, it kind of depends on how much you need a %26quot;real%26quot; checking account, as opposed to transferring money from EmigrantDirect to a checking account when you need funds.

WAMU or Emigrant Direct?

loan

Well, anything is better than Bank of America.

WAMU%26#039;s rate will probably not stay that high forever, and there is likely a minimum balance that you must maintain to get that rate.|||wamu, most definately.

It%26#039;s more convienent. I just signed up with them.

you don%26#039;t even need a minimum..

but

whatever you do, don%26#039;t ever bank with CHASE!!

Tough Math problem?

The formula for calculating the amount of money returned for an initial deposit into a bank account or CD (certificate of deposit) is given by A= P(1+r/n)^nt. ^nt means to the nt power.

A is the amount of the return.

P is the principal amount initially deposited.

r is the annual interest rate (expressed as a decimal).

n is the number of compound periods in one year.

t is the number of years.

Carry all calculations to six decimals on each intermediate step, then round the final answer to the nearest cent.

Suppose you deposit $4,000 for 8 years at a rate of 7%.

So my question is calculate the return (A) if the bank compounds annually (n = 1). Round your answer to the hundredth%26#039;s place. Also calculate the return (A) if the bank compounds monthly (n = 12). Round your answer to the hundredth%26#039;s place.

Tough Math problem?exchange rate

1. compounding annually

A= P(1+r/n)^nt

P = 4000

r = .07

n = 1

t = 8

A = 4000 x (1+.07/1)^(1x8) = 4000 x (1.07)^8 = $6,872.75

2. compounded monthly

P = 4000

r = .07

n = 12

t = 8

A= P(1+r/n)^nt = 4000 x (1+.07/12)^(12*8) = 4000 x (1.005833)^96 = $6,991.31

Tough Math problem?

loan

Assuming you don%26#039;t want to see the arithmetic,

A = 4000*(1 + .07/1)^(1*8) = 4000*(1.07)^8

A = 4000*1.718186 = $6,872.74 (compounded yearly)

A = 4000*(1 + .07/12)^(12*8) = 4000*(1 + .005833)^96

A = 4000*(1.005833)^96 = 4000*1.747826 = $6,991.31 (compounded monthly)

I applied for a loan throu Washington Mutual but never signed anything or paid any money. Am I locke

I only interacted with the loan officer over the phone. He told me he would lock in a rate but when I recieved a copy of the application the rate was higher. It also said that I didn%26#039;t need to sign anything unless asked. Can banks fill out mortgage application for you over the phone and have it bindng if I didn%26#039;t sign anything or pay them any money? Found a better broker and would like to switch but Wamu is telling me that I%26#039;d have to pay for some of the things they%26#039;ve already done. My realtor told me that they haven%26#039;t done anything and the law office said that unless I sign something or give someone money nothing is binding. Is this true? Can I switch to a different lender with better rates without any penalties? Doesn%26#039;t make any sense to me that a bank could lock you into a mortgage over the phone without any signatures. I never even meet the loan officer face to face. Would appreciate any advice/knowledge on this.

Thanks

I applied for a loan throu Washington Mutual but never signed anything or paid any money. Am I locked in?credit report

As far as I know, no signature, no deal. Words are not legally binding as a business contract. the only thing that can tie you down is a written contract with your signature on it. BUT take a look at this sites definition and see if it says anything a little more helpful.

http://www.lectlaw.com/files/bul02.htm

I applied for a loan throu Washington Mutual but never signed anything or paid any money. Am I locked in?

loan

Send back the papers and tell them thanks but no thanks.

They changed the rates, you found a better deal. Done deal.

They can bark at you, but that%26#039;s all. Until you sign on the bottom line, it ain%26#039;t a deal.

Go with the better deal, the law office agrees nothing signed and no money changed hands.

Besides they changed the rates, never sat down with you. Be glad you don%26#039;t have to deal with them

Good luck and check with your law office again. before you sign to make sure this IS the best deal.|||this is the kind of stuff wamu does on a regular basis. it only gets worse when you actually do sign a mortgage with them. send the papers back, tell them no thanks and go to someone else.