 My personal loan through credit union.? |
| I am 3 months away from paying off the personal loan I got through my credit union ( I only borrowed 3,000), is it possible to get another personal loan through them, and would they just add it on to ... |
|
 My credit card company raised my APR for the heck of it? |
| It is in the news all the time that the FED is cutting intrest rates, but i got a letter from Bank of America last week stating that my rate is now 17.5. percent. It was 7.9 percent. I have 10k ... |
|
 Bad credit? |
| ok i am 20 i have a scroe of a 520 4 monthes ago my score was 467 i have 3 credit cards 2 visa abd one target how long will it take for my credit to get up to a 600 when i credit condser good i ... |
|
 How would having too many credit cards even if I don't have balance due on them can affect my credit? |
| I have 4 credit cards and I recently got a new one, currently i only have two of them with balance. Even though i have no balance on the other ones. can these affect my credit? should i cancel a ... |
|
 When my finacial condition will improve? |
| DOB : 20.10.1949 : 05.30 hrs JaipurR... |
|
 Can a prepaid master card help to build-up the credit score? |
| I need to build-up my credit score. I realised the importance of it very late .And now it is hard to find some financial body who is interested to provide credit card to me . So I thought of buying ... |
|
 Lost, never used credit card Capital one? |
| i received it in the mail months ago, and i never authorized it.. just threw it away. Now when i try to apply for another one, it says i already have an account. Which i do, but i don't have ... |
|
 Got a credit card offer from bank of america..are they good? |
| i already have 1 bank of america card....now they sent me an offer with another with a pretty high credit line. are they a good CC? i have only had the first for a month and transferd my balances ... |
|
 Can you get a credit card with no job, but with government payments? |
Is it possible? Government payments are a source of income.
If your application is denied, do you get a bad credit rating?
I've never applied for a credit card before, so ... |
|
 How can I fix my credit!? |
| A few years back i was a victim of identity theft and unkowingly racked up a few grand in credit card bills. The problem is the thief was a relative so i didnt press charges. I have always paid my ... |
|
 Will the police be involved in a cash card fraudulent transaction ? |
| my friend has foolishly intercepted another friends cashcard when it was posted to their house, she has gone into the bank and withdrawn money on this card, will the police be involved and will my ... |
|
 Help what do i do collection agency atty frederick j hanna & associate took out $780 on my bank? |
| I talked to the associate and made a deal with them to have it taken out on the 21st of dec.not on this payday.I even ask for sure if they will really take it out on the 21st of december,and they ... |
|
 How does paypal work? |
I never used ebay before...gasp.
yeah so i was wondering if you have to pay with paypal or if you can just charge it to your credit card.
how does paypal work exactly? is it ... |
|
 Has anyone claimed for their bank charges back? |
| obviously someone has, just wondered how long they took to do it, Abbey are stalling with me and causing me all kinds of problems in life *sigh*... |
|
 How to pay my hsbc visa card bills while am in overseas? |
| I have a HSBC credit card from singapore and am currently stationed in Thailand for few months. How can I pay my HSBC credit card payment from here.... |
|
 Can you ask credit Card Card companys to defer a payment for one month? |
Can you ask credit Card Card companys to defer a payment for one month? Or a Car payment?
My husband lost his job awhile back, he is having trouble finding a job and we have had several ... |
|
|  |
Luke | Can credit card companies cancel your card or lower limit if you have lots of outstanding debt? |
My one Juniper card got it's limit lowered from $1000 to $250, which isn't much anyways to begin with, just because I was carrying a $4500 balance on my one Citicards card, which had a limit of like $1500, AND I've paid that off halfway its around $2500 now anyways. Most likely will be paid in full in the next few months.
Otherwise all my other credit cards, I have several, have $0 balances, and I'm on good standing.
Is this common, for creditors to DECREASE limits or possibly cancel/close the account for you?
Is a credit line decrease a possible SIGN that they're pending termination of your account, or at least a sign that they don't hold you in good standing?
Additional Details
WHOOPS. MAJOR typo. Up above I meant my citicards card had a credit limit of $15,000. |
 |
 
Spock (rhp)
 |
it is legal, yes. your deal with the credit card company is voluntary on both sides, so they can change or terminate it on 30 days notice.
My guess is that Juniper noticed that you have a 15k card at Citi and that their service with the 1k limit is, therefore, quite redundant. They may have noticed that you are pyaing off the charges in full every month and decided that because you do so, they don't want your business. [since lending to people who do not pay off their card in full every month is very profitable, I understand]
does this help? |
|
heybulldog
|
Yes they can. They can raise the interest rate you pay too. They make all the rules and can change the rules in the middle of the game.
cut up and cancel. Don't obsess with your credit (I Love Debt) score.
Debt Free is definitely the way to be. |
|
jack of all trades
 |
Yes, they can cancel or reduce limits. The credit card belongs to them, and they can pretty much do as they like. |
|
hirebookkeeper
 |
Many credit cards now are putting in its fine print" We can change your terms at any time for any reason" I just read that on an Advanta card application. |
|
Opa
 |
Now days you can be late on one payment and they can change the whole game plan on your card .with out your consent. They look at your credit report and see what you make and how much you charge.
Even if you are on time with all your payments they can call you a possible credit risk if you have what they call to much debt as to what you make. |
|
SICARIUS
 |
Yeah, they have the right to check your income-to-debt ration, unless you get a card that does not have that. I am not sure what the clause is, but most people overlook it. I'd say ask the cc company and ask them for that clause.
Once you know it, then stay away from companies that use it. |
|
taz4x4512
|
If they see you're being risky with other credit cards they might be next. If you have a late payment on another credit card any of your credit card creditors can increase your rate, decrease your limit or even close the account. If it shows on your credit report "closed by credit grantor" thats a negative. Why do you have so many credit cards anyway? If you don't use them close them and keep your score up. A lot of open unsecured debt even with no balance is not a good thing. |
|
in +HIM+
|
They certainly can - thanks to the Universal Default Law. This states that credit card companies can raise your monthly payment, raise your interest rate, close your account or lower your limit based on your performance (payment history) with other cards and accounts.
There are usually clauses in the credit card contracts when you sign them stating that you agree to make yourself subject to this law. |
|
jamaica t
|
yes |
|
| |
|
| | |
| Questions List |
Answers | Last Post
| | | |
9 | 22 minutes(s) ago
| | | |
10 | 3 hour(s) ago
| | | |
9 | 6 hour(s) ago
| | | |
8 | 9 hour(s) ago
| | | |
9 | 1 day(s) ago
| | | |
9 | 3 day(s) ago
| | | |
9 | 2 week(s) ago
| | | |
8 | 2 month(s) ago
| | | |
8 | 6 month(s) ago
| | | |
9 | 9 month(s) ago
| |
|
Homepage 
Financial
Forum 
Credit 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
