 Credit Card Default Advice Needed? |
| My husband and I have 75k in credit card debt. We have been managing to pay everything on time, and I got a second job last year to help pay down our debt. We set up a budget and had been following ... |
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 I suspect my wife has opened several credit card accounts in her name only. How can I find out?? |
| She has hidden money and transactions from me in the past as she pays the bills online. She is getting drunk every day and that money must be coming from somewhere. The last time she did this she ran ... |
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 Credit Question? |
| I was approved for a low limit credit card from Chase, and I had semi-bad credit. I was wondering if this credit card will help improve my score if I keep up with the payments as i'm hoping to ... |
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 Where can i get a loan (no pay days, non homeowner) with very poor credit? |
I am looking for a legit loan place that will lend to someone with very poor credit. I am going to school and financial aid did not cover all my school expense I am looking for a legit lender.
I ... |
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 How to get this off of my credit? |
Heres my story:
A few years back my step mom recieved some of my credit info in the mail .. instead of informing me .. i'm about 90% sure she stole my info and opened a credit card.<... |
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 Can a bill collector change the agreed montly payment from $200 to $2000? |
| I was laid off about 2 years ago and had something repossessed (about $10K), I took full responsibility and made contact last year with the collection agency to arrange monthly payments, I've ... |
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 Prepaid Visa Card? |
| I got a Prepaid Visa Card today at the store and it said on the box I can use it online at any store that accepts Visa cards. So I bought it and I opened it up and read the directions and it says ... |
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 Credit card problems - are these specific to HSBC or does every bank do it? |
I have a MasterCard with HSBC. I know they take fraud prevention seriously, but most of the time they just go too far.
I am usually unable to purchase items online, as my card will decline,... |
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 What is paypal? |
| what is paypal and how does it work?... |
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 Should I consolidate my credit cards?? |
| I have a $15k Car Loan, $6600 credit card, and $1500 credit card debt. I'm 22, student and I work part-time so my income is only $8o0 a month! Have you ever heard of going to a credit union and ... |
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 I Have An Itunes Gift card ? |
| well i got one for my birthday i want to use it but i don't know how and do you need to have an account and do you need a debit or credit ... |
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 Does paying off defaulted balances automatically immediately increase your credit score, on eg experian? |
| My boyfriend, stupidly, lets not go there, has 4 defaults on his credit report giving him a super low score. 2 are settled, 2 have a bit of money outstanding on them. Does anyone know if he was to ... |
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| Should credit card solicitations by mail be prohibited? |
| If you throw these solicitations away without shredding them, you open yourself to identity theft. Why should the banks be allowed to place your financial safety in jeopardy every day with this ... |
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 Im 18 and want an overdraft? |
| iv just turned 18, i am with lloyds tsb on an under 19's account, theres not alot of info on their website about applying for an overdraft, wen can i apply for an overdraft? it says i can apply ... |
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 If my credit cards gets cancelled due to inactivity, will that effect my credit ranking? |
| One of my credit cards just got cancelled because I haven't used it in about a year. Is this bad for my credit? I mean I had $0 balance on it and everything.... |
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Kelvin R | Cancelling a Credit Card? |
So i need to pay for my credit card , but is it possible if i cancel it so that i dont have to pay for this visa because i already have another one that im paying i cant pay both at the same time but anyway is it possible? to cancell one withouth paying what i have spend on the visa. And what happens if i dont pay it back ? |
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Grant Ray came on 12/8/08!
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Even if you cancel it, you still have to pay what you have charged up. If you don't pay it back your credit score will deteriorate and you could get sued or even go to jail until the money is paid back.
My suggestion to you is: If one interest rate is lower than the other, transfer the bill all to one. |
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tone
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You can cancel, but you still need to pay. Late payments hurt your credit. If you don't pay it back, credit card company goes to court and gets judgements against you and puts it on your credit. They can also attach liens to personal property. And ruin your credit for long time. |
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Greenbay All the Way!!!!!
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if you dont pay it back, your credit is going to be screwed and yes you can close it but that looks bad on your credit too! so either way your credit is screwed! and if you can't afford it don't buy it unless it is an absolute emergency!!!! |
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Curious
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You can cancel a card that still has a balance on it, however you will still need to pay the balance. Canceling any line of credit will damage your credit score though. If you don't pay, your credit will be severly damaged and will take about 7 years to repair. Also you will get payment notices and eventually sent to collections.
Try transfering the balance to the other card if you still have credit left. |
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*Cara*
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That isn't how it works. You can't just cancel a card and not pay the balance. The credit card company will come after you for the balance. They will send the account to collections and ruin your credit. At least continue making the minimum payments on both cards. If you can't afford to even do that then you've got bigger problems. Get a second job if you have to. |
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DopeyXTC
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You have to pay it off, you can cancel the card but the meter keeps running until you have paid it all back. If you do not continue to make at least monthly payments on time. Or decide to not pay it off at all, it will shatter your credit standings, and make it difficult in the future to make any large purchases such as vehicles, or even houses. |
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kevin h
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Just because you cancel the credit card that has a balance on it, it doesn't mean the balance just goes away. You will still have to pay it. If you don't pay it, it will go on your credit record. If you need help getting your finances straight, you can email me at kevinjunior_2000@yahoo.com |
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efiwsocap
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before you close your account you need to pay if off. Also if you decide not to pay it off you'll ruin your credit no other agencies will offer you credi. What you can do is transfer the credit card to the lowest interest card you have so you only have one payment. |
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jane j
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you have to pay what you owe, there is no getting around it. if you do not pay your account will be turned over to a collection agency and they will harass you forever to get you to pay your debt. also, your credit score will be drastically affected. you need to make your payments, on time. even if it's the minimum payment, it's important for your financial future. if you do not do this, you will have a very difficult time in the future trying to get a mortgage, a loan for school, a good price for car insurance, everything. your credit score affects everything. so, make the minimum payments on both cards, do not charge anything else on the cards, and save money until you can pay off the debt. once your balance is zero, do not cancel the card. this can also adversely affect your credit. cut the card up, don't use it, but don't close the account. it's better for your credit score to keep it open. from now on, pay cash for all your purchases and you won't be in this trouble again. but remember, you must pay what you owe! best of luck! |
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jmiller
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The balance has to be ZERO before you can cancel. If you don't pay it then it will rack up fees and then go to collections and be marked on your credit report. |
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