 How do I build my credit when I have none and no one will give me a credit card or loan? |
| I have a credit score of 0 I have applied for credit cards and loans. I even tried getting a car under $20,000.00 I still am not approved for anything. What do I do?... |
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 How long does it take for a credit card to be issued? |
after youve signed the agreement etc
Additional Details
its an aqua card and they approved it i sent the agreement back ... |
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 Does anyone know of a company that can help with a payday loan? |
| I NEED £1000, BUT I DONT HAVE A DEBIT OR CREDIT CARD. Does anyone know a comapny that can help, where I also dont have to fax information over to them?... |
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 Does anyone know who would finance me for a new home with a credit score of 524? |
| me and my husband live with my grandmother with our 2 children and its a bad enviroment here for them.. but we can get approved for a home loan because he has a low credit score of 524.... does ... |
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 Is 3 credit cards too much? |
I have 3 one is a $2500, $1000, and one is $600.
So far i've only use the 2500 limit one, I've haven't even activated the $1000 card, should I just closed that card account?
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 I owe $37.000 in credit cards. I can not pay my credit cards anymore. Bankruptcy? |
| I owe $37.000 in credit cards. I paid on time until this month. I can not pay my credit cards anymore. I have two houses, one is rented. I am trying to sell that one. If it is sold I could get $30.000... |
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 Two credit cards from the same provider? |
| I have a "Capital One" credit card right now. Can I apply for another credit card from "Capital One" so that I can double my credit limit?... |
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 How bad is a credit score of 538? |
I know it's pretty bad but do you think it would keep me from getting a house or a car?
Additional Details
I am currently renting an apartment and I am a co-signer on a Land Rover F... |
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 How do you STOP harassing phone calls from credit card companys and thier agents who "have the WRONG number"? |
| My wife has a very "common" first and last name, what do they do, get a phone book and go down the list untill they get a live voice to answer their call? Then they start interrogationg ... |
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 What i need to know b4 gettin a credit card? |
| am currently a college student and thinking about gettin a credit card...what do i need to know inorder to get the right ... |
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 How soon do you think I could pay off $7500 worth of debt and still save money and have a vacation? |
| This year I am really dedicating myself to becoming financially free. Since Dec I have already paid off $1200 and exhausted my savings account by doing so. I have automatic payments set up monthly ... |
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 My husband and I filed bankruptcy, are now going to be foreclosed on and may divorce, any good scenarios? |
| I just want to know the best way to handle all of this and come out in the end ahead. We will be starting from having nothing but a job and kids and a place to rent.... |
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 What is the advantage of a credit card? |
| I have no financing problems and I always pay the full balance. But last month, I forgot to pay the bill and I got charges (overlimit fee + interests). So I was thinking of only using my debit card.<... |
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 Westcott debt collection? |
I am considering seeking legal action against a debt collection agency
called Westcott UK but i'd thought i'd see the opinion on the matter online
first and if you can help.
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lwag | Can you pay off a loan with a credit card on 0% for 13months? |
My brother would like to pay off an outstanding loan but the only way he could do this is by getting a credit card and using the credit to pay off the £2000 loan.
My sister told him you cant pay off credit with credit. Does anyboy know if this is true?
Could he pay off his loan with a credit card? |
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greymatter
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Yes, it's called a balance transfer. |
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Feline05
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He can - but make sure that the interest rate is not higher on the card if he does not pay back the loan before the 0% interest is up. They always give you some checks that you can use - but be careful he does not do this alot - he can get into deeper debt. |
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Moneyloser
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Yes
The terminology is balance transfer. There is usually a charge for this of between 2 - 3% of the amount being transferred.
2% - £40 2.5% - £50 3% - £60.
You need to read the small print as some credit card companies will, and others will not allow it.
You also need to read the small print of your loan as an early settlement may incur an early settlement fee. Again some companies charge this and others do not.
The art to this technique is to save interest payments, but do not forget to carry on making payments to the credit card during the period to reduce the amount, you can then near the end of the 0% period apply for another credit card and transfer again.
A few years ago there was no charge for this, but the Credit companies were not making the money so hence the transfer fee which is becoming the norm.
A good website for free finance advice is:
www.moneysavingexpert.com
it is an independant site and therefore does make money from pushing any particular organisations. Unbiased market research for free covering all aspects of financial life and more. Give it a go.
All the best and
Hope your brother beats the banks at their own game. |
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barn owl
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you can normally only get 0% interest from a credit card if you transfer a balance from another card but this would normally only last for 6 months and I think you would have to agree to stay with the new card for a specified minimum time normal credit card interest is much higher than a bank loan so think very carefully |
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caelie a
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Credit card debt reduction has become a necessity because of the numerous negative impacts of improper and mindless use of plastic money. Be it carelessness of usage or the conceit of users, whatever be the reason, credit cards can effect on your credit standing in a negative manner. Due to easily accessible facilities of credit cards, people can hardly resist of stocking and adorning their wallets with plastic money. Being an almost inevitable vanity of each wallet, these plastic cards have become more preferred mode of transaction than cash. As these cards are simpler and quicker sources of money, users are more focused on the advantages than to fathom its disadvantages on their financial conditions. Therefore, a lions share of credit card users ends up accruing poor credit status and become ineligible to receive loan approval and not to mention other negatives of a poor credit rating. This is the reason why one should consider credit card debt reduction or credit card debt consolidation to get out of the trap and become debt free.
Read more about it at:http://www.card-gallery.com/article/169,How_Credit_Card_Debt_Consolidation_Can_Help_Improve_Your_Credit_Standing |
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Wango138
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Sure he CAN do it. I think what your Sister is getting at relates more to SHOULD he do it. To make that determination, you must look at the terms of both loans and compare rates, term and payment. If he is having problems making the payments on the 2,000 loan, then moving that debt to another source wont magically make it to where he can pay. It will just prolong the problem. |
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Alexander K
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Yes you can pay credit with credit. It's called balance transfer. It's not that you don't owe anything, it's just that you owe it to someone else now. Call the credit card company and let them know that you want to pay that other loan with their card. They may let you know that 0% APR is for purchases only, then you're out of luck. If cash advances or balance transfers are qualified for 0% then, they will let you use an access check. Just be very careful with this type of transaction, as card may say there is no interest charges, but say a 3% transaction fee or something like that, which in my book is still a finance charge.
I hope I answered your question. |
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peterson c
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I am Mr Peterson Chris.I am a legitimate loan lender who gives out loans at low interest rate of 3%.Are you finacially down?Do you want to pay your bills?Is your credit score low?If yes,then you are in need of a loan.I deal with only honest people who are really in need of this loan.If interested contact me today with the loan of loan you need so that my loan terms and condition will be forwarded to you.You are to mail me or contact me through these email addresses
consultingpeters@myway.com
consultingpeters@consultant.com
consultingpeters@yahoo.com |
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lily_evie
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There is nothing legally stopping him doing this but just wondered why he would want to? If he transfers the amount to the credit card he will be asked to pay a minimum payment of 3% which is £60.00 - obviously he could pay more. If he definately wants to go down this route i would advise him to pay off the £2,000 within the 13 months before he starts paying interest on the balance (£154pm).
Could he not just make extra payments on the loan to clear it?
Also make sure he asks if there is an early payment penalty - some loan companies sting you with this.
Hope this helps x |
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phantsoft
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Yes, he can. If you read the "Terms of Agreement" they call it a "BALANCE TRANSFER".
Credit card companies do this all the time. The Idea is that the new bank issuing the credit card wants to collect the interest. They hope that you will only pay the minumin payment. So that there is still a $1700.00 balance at the end of 13 months that they can charge interest on...
The only time Balance transfers are not allowed is with same company offers....
So you cannot transfer BANK "A" to another BANK "A" card, but you can transfer BANK "A" to BANK"B" |
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open4one
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Read the fine print. Most 0% credit card rates don't apply to cash advances. If it doesn't, it's a bad idea.
Credit card companies do not pay the stores $100 for every $100 you spend. They make money that way, and can afford to give you 0% interest. Not so when they give you $100 for a $100 loan. |
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