 Debt collection, threatening letter from lawyer? |
My mother just received a threatening letter in the mail today regarding an old account from the Law Office of Harris and Zide...
It basically states that "we have previously called this ... |
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 I have some credit cards that are starting to way me down!? |
| I was looking into consolidating my debt anyone have any advice?... |
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 Con't- My bf may be using me................please read? |
| Boy do I have a way of picking them. My bf wants me to take out a loan of about 10,000 so he can open up a money market account. Now I dont think he think I am that stupid. I have good credit for a ... |
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 Debt collectors are calling my house for someone I don't know? |
This person either used to have the same number as me or is giving out my number as her own. We get calls or messages for her every day and this morning they woke me up.
We tell them they have ... |
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 Should i take a year off from school to establish good credit so i can get a loan without a cosigner? |
| My parents refuse to cosign for a student loan and its impossible to get a loan without one and i have no credit. Will a year of good credit help me get a loan on my own ?... |
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 Which bank ?? |
| I want to change bank a/c's and i dont know which is best. does anyone reccomend a desent bank a/c. i want it to make payments in shops and online and to pay my bills!!... |
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 If i let my car get repossessed, will my creditors come after me for the deficiency? i still owe 12 grand..? |
| i want to know if my wages will be garnished for the 12 grand that i still owe on the car, or if it will just show up as a repossession on my credit report. if they do come after me for the 12 grand ... |
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 Which should I pay off? my car loan or credit card debt? |
| I recently got my tax refund in the amount of $3,000. we have a car loan with about $5,400 remaining and $5,400 in credit card debt. we want to pay everything off so that we can purchase a house next ... |
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 Credit Card Suggestions? |
| Right now I have 3 credit cards.... I don't use them anymore and eventually I would like to pay off the balances...I know it could take awhile. I was thinking about transfering the 3 to one ... |
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 Any way to Clean up bad credit report, without resovling debt or actually paying things off? |
| I heard from a couple of people that i can pay someone to delete things from my credit beaureu. I would be interested in doing this, however would like to do it myself if possible, and not have to ... |
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 What's the best way to pay off credit card debt? |
Additional Details
the accounts are closed. we don't use any credit cards any more at all. most of the cards are now 3-4 months past due because we just couldn't pay them, ... |
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 Denied...for store credit card...any other way to get credit? |
| I got denied for a Nebraska Furniture Mart card due to my lack of credit. I really do not want to get a credit card, there has to be a way to obtain more credit w/out doing so?? What can I do to ... |
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 Does a company need my permission to run a credit check on me? |
A company called wagerworks ran a credit check on me. They appear to be linked to online casino's. I have played online casino's but have never requested credit.
Do they have the ... |
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Sweetask | Does it look better on your credit to pay-off a credit card or does making consistent payments look better? |
Should you completely pay them off or make payments? |
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Bobbie
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What people need to realize is that 75% of all credit decisions are made by using a credit score. IN a credit score the revolvng debt you carry weighs quite heavily. SO to carry a balance over 35% of your limit is VERY harmful to your score. Its actually best to stay with 15% or less of your limit. So if you have a $5000 card, anything over $1750 is going to hurt. Staying under $750 is best on a $5000 card. It is always the best to pay in full... you avoid interest.
So the answer is you should pay in full every month. Dont just pay them off and never use them. That wont show a payment history. Use them as needed, or a little, and pay them off monthly.
Good luck. |
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sexytrojan
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To get the best of both worlds, pay off your entire balance over 2 months. That way, you're hit with little interest, and you carry a balance that is reported. Repeat forever.
I just checked my credit score (not report). My score went down by about 40 points since I paid off 3 credit cards completely over the last few months.
This is such a scam. |
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Becky F
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pay off as much as u can as quick as possible it is good for credit |
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Daijobu K
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Consistent payments. Carrying a balance of zero doens' t help build your credit. |
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plezovich
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Credit rating is a combination of things.
They look at the ratio of outstanding balances verses income.
Number of late payments ( you really don't want those)
Other things counted are how long you had your job, if you pay other bills on time, the size of your family. It's really weird.
My advice is to pay off credit cards as soon as you can, because you don't want to have to pay that interest. A credit report only shows where you have credit, the balance, how long you had it, and how many late payments you had. Nobody but the credit cards care how fast you pay it off. |
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Lief Y
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Paying them off looks better. If you do not have a balance you have no debt. Plus, if you carry a balance you pay VERY high interest. |
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Michelle J
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As long as you are "paying as agreed" you look good. However, the more money you owe, the worse you look. Therefore, the best thing to do is to pay off debt as soon as you can, especially credit card debt which usually has high interest rates. Pay of the highest rate debt first and then work your way down. In other words, owing a $1,000 and "paying as agreed" looks good, but owing $0 and "paying as agreed" looks even better.
Also, don't close accounts once you pay them off. The longer you have had open accounts the better it looks on your credit. If you close older accounts your credit score will drop immediately. |
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jeannot_kensinger
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The smart thing to do is to pay them off, no interest, no losses and it does show up on your credit report that you are consistently paying |
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Bapboy
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Consistent payments! |
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cassieopia75
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Credit card companies see it as better (for them) that you make regular payments every month. Because that way, they can make more money off of you with the balance you carry over month to month.
Of course the advantage you have in doing that is that you don't put all your money right to your bills right away. You'll have some cash to play around with for other things. |
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DANNYBOY
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I would completely pay em off and your credit score SOARS!!! I know it first hand DO NOT keep em open close them. Credit cards can be more of a hindrance than a help! |
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jessicaannjiles
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You won't see how you pay off
your credit cards on a report.
wheather you pay it all off or not,
what shows is when you DON'T pay.
It shows if you ask for credit and
are given it or not.
I think it shows if you have a lot of credit
card credit available
to you and you don't use it--
that looks good, to have access to money,
but not use it makes your credit score higher.
What shows is if you ask for credit,
are given it, and then pay it off,
whether it's furniture, a personal loan, etc.
Creditors don't see "good" credit card
credit because someone could max out their
card, and simply pay the minimum
payments forever. People can have lots of
cards, run up lots of bills, but not
really be able to pay much more than the
minimum, and that's not real financial
responsibility.
Creditors want to see what you do with
loans, not minimum payments. |
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kogirl
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it's better for YOU if you completely pay it off each time, because then you aren't wasting money on interest payments.
credit card companies like people who only put down payments, because those people are their bread and butter. how does a bank make money if everyone pays off their balance every month? then they wouldn't get any interest.
anyway, the bank might be annoyed at people who pay off their balance every month, but it is certainly never going to cause you problems. no one is every going to deny you a loan because your credit rating is too good. the people who LOOK BAD and should be concerned are the ones who don't make payments at all! |
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lazwatson
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Boy, some people have weird ideas.
It is better, and looks better, to pay it off as soon as you can. Paying it off little by little may seem like it shows commitment or whatever, but paying it off quickly shows that you haven't over-committed yourself.
I just paid off my car. I took out a 5 year loan, and paid minimum payments for the first year. Still had 85% of the loan amount outstanding. Over the next 6 months I paid off the entire remaining amount - and when I called up for the payout figure, the woman on the phone said to me, "You have an excellent rating with us. Are you interested in taking any further finance?"
It is smart to pay off when you can, and that is how they look at it. |
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bg_322
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Consistent payments are far better, purely because if you pay your balance off in a lump sum, then the credit card companies don't make money from you. They like you to pay the minimum each month so they can stack interest on your account, (this is how they make money).
If you were to pay double the minimum each month, then they would see you as a low credit risk, and they would be inclined to increase your credit limit.
But! Be careful. Sometimes they increase it without telling you and before you know it you have $10.000 available on your card. This will increase the interest they charge you and increase the minimum monthly payment.
As for looking better, making regular payments always looks better as it shows commitment by you to repay your debt. |
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DoveDog
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You should not care how it looks? Why pay interest on money if you don't have to. A payoff does not negatively affect your credit. It shows you can pay something off.
Pay it off! |
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