 Can credit card debt be passed on after you die? |
| It is my understanding that unsecured debt can not be passed on to your spouse or children when you die. I work in the credit industry and when assisting a client who's husband or wife has ... |
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 If I pay off my car loan, can I get any of the negatives, removed from my credit report? |
| I was late a couple times on my car payment. If I pay off the whole amount, is there any way I can negotiate them removing any of the late payments from my credit report?... |
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 What is the best way for me to dispute an item on my credit report? |
| I just closed a mtg refi. My lender found a $3500 chargeoff on my credit report. I called the company who placed the item. They could not find anything with partial acct # provided on the report. ... |
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 Can a collection agency put negative marks on your credit report seven years after the origination of the debt |
I have a medical bill from February 2000 that I considered at the time, and still consider, to be illegitimate. I didn't pay it.
In 2004 it was sold to a collection agency.
... |
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 Where can i look to find out what credit cards i still have active but not using? |
| i have used many credit cards in the past, most of which i have cancelled, but there are some that are still showing as active, is there anywhere that will be able to show me which i have ... |
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 I just got a call from a collection agency!? |
| I don't know what this could be for, because I didn't actually speak to this person, I just got a call from someone who called herself Mary at my work leaving several messages saying the ... |
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 Where is the best place to get a loan, even with bad credit? |
| I am looking for a loan between $1000 -$5000. I have bad credit, and I'm afraid that I know for sure I know I'll be turn down for it. I wanted options where I can atleast get a thousand ... |
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 I REALLY want to build great credit history and score? |
| I just turned 18 about 2 months ago. I have a cell phone in my name which I had since I was 17. I applied for a credit card and was granted a $300 limit. I just received my second statement from ... |
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 What is the best Student Credit Card? |
I have no credit, but i would really like to get a card before leaving for college.
what is the best student credit card?... |
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 Can a company that issued me credit under the age of 18 hold me responsible ? |
| The account is now paid, but it was sent to a collection agency and also reports negative on my credit report.... |
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 If somebody knows my social security number and name, would they be able to apply for a credit card and spend? |
Additional Details
But if they enter THEIR billing address, wouldn't I be able to track them down, and sue or what not?... |
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 How bad will two repossessions hurt credit score? |
| I'm talking about cars. One in 2005 and one now. Does the amount, value matter?... |
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 What happens if I OVERPAY my credit card? |
The mail around my area sucks, and I usually don't get my bills until they're almost due or overdue, so I pay my credit card off through my bank website.
I call the credit card ... |
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 Iv been offered a loan with 63% apr? |
due to my circumstances, this is the lowest apr i have been offered. i want to borrow £2000, so am i right in thinking that i would pay back a total of £3174 if i take this offer?
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tomg | How can I use my credit card's benefits without the credit card companies making any profit? |
I just was approved for both an AMEX blue credit card and a Chase Freedom credit card. Can anyone give me strategies that work while dealing with the credit card companies. I always payoff my debt at the end of the month but will I still be able to collect my benefits while the credit card companies not making a profit off of me.
10pts for that person who answers my question well
Additional Details
I'm not doing anything that is against the law...for that person who references this.
If I pay my CR bill in full...they can't charge me any fee...yes they are annual fee free....i'm just looking to see who here HAS EXPERIENCE COLLECTING BENEFITS FROM CR Companies |
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Jason
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If you're looking to prevent a credit card comapny from making ANY profit off your use of the card, then stop now. The credit card company will always take a percentage of your sale, from the merchant (not from your pocket)...so if you're looking for them to make NOTHING from you, just don't get a card.
If you're looking to prevent them from making anything directly from you, then get a card with no annual fee, and pay off your bill each month. In fact, if you do this, you are cutting into the company's profits in that you're in effect getting an interest free loan. |
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lehaoz
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As long as you pay in full every month before your grace period is up it will cost you nothing to use the benefits. For every consumer that does this there are tons who carry a balance. The benefits are nothing more than a sales pitch. So what if they lose a little bit of money on you. Thousands of other consumers are paying dearly. |
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tennessee
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i pay in full every 21 days. i collect free bonus points. i get extra frequent fl yer points. and i get rebates.
I only charge 25 percent of card and pay in full before charges. takes discipline |
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Lost_Lady
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The sole purpose of credit cards is to make money off the person using it. A good way to minimize this is to pay the balance off in full each month. |
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Beer Boy
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Yes you will.
Even if you are a "transactor" and pay off your card bills at the end of each months for the rest of your life, companies will still make a small profit - its called "interchange".
When you buy a $100 item - the merchant gets only about $98.00 - 98.50 - the balance of $1.50 - $2.00 goes to the bank - so they make a profit from you through the merchant.
Obviously they will make more if you "revolve" and pay interest - but they have others that will do this - so don't worry! |
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robert w
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the answers above say it right on.
the slave cards consider u a DeadBeat because u pay your bill on time and in full.
now any purchases u do create profit for the salve cards through the merchant.
use CASH and you get more benefits than u know. visit daveramsey.com to learn what they pray u never ever learn or worse APPLY. |
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kassy kemp
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It really is incredible when it comes to the various possibilities of how you can benefit from a cash back credit card. Here are a few things you need to look for when you choose yours.
The first thing you need to know about cash back credit cards is that some of them come with incentives. Some of these could be pretty good so you may want to start by looking at them. A couple of them will give you as many as 10,000 points which will go toward whatever the focus is of that credit card (air miles, hotels, etc.). If one of these will best suit your needs, then you would want to look at that particular card a little further.
The next thing you want to consider is the interest rate. This can vary anywhere from about 7.99% up to 18.24%. Normally, this interest rate does not go into effect until the introductory period runs out - but it will eventually. So, if you allow balances to remain on your credit card, you will want to choose one with as low an interest rate as you can.
read more at: http://www.card-gallery.com/article/109,Getting_The_Most_Benefits_From_Your_Cash_Back_Credit_Card |
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Richard C
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You can't. As was said before, merchants pay anywhere from 2 to 3 percent per transaction. Even more for reward cards and American Express. So even if you don't pay interest they make easy money. |
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devilgal031948
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Credit card companies do like people who pay off their bills in full at the end of each month because they do not make any money on them. They are counting on you to pay the mininum amount due and by paying that amount they will be making money by earining interest from you. So if you really want the best benefit pay your bill in full each month and save money. |
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al
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The only way you can limit the profit the credit card companies make is not to use them. When you use the card the merchant you buy from pays a fee. that is out of your control. Believe you me when I say you can not outsmart these people. If you try anything fraudulent they will prosecute you to the fullest extent of the law and then some. Even asking this question could be construed as fraud foreknowledge. |
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rinkrat
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If there are no annual fees and you always pay off your balance before any interest is charged, you should be able to get all the benefits. And since you are only paying the amounts that you paid for services/products purchased, they are not making a profit off you. |
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