 Wondering if my credit score is good enough for a motorcycle loan.? |
After just checking my credit score according to equifax it is
680
I was wondering if that score was high enough to get a semi decent loan on a motorcycle. Oh and I'm 19
... |
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 Is there anyway to Clear Inquiries from your Credit score? |
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| It was just last year ago, March 06' when marketers offered me a getaway trip. Then i decided to cancel it after 4 days. Until then they were having problems refunding me the money. My bank ... |
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 I've consulted an attorney and decided to file bankruptcy, so can I still use my credit card? |
| My dad just consulted a bankryptcy attorney and decided to file bankruptcy. So can he still use his credit cards (Visa, Macy's, Bestbuy)?... |
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 Denied for a secured credit card? |
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 Victorias Secret Gift Card/Credit Card? |
I am making a purchase off of Victorias Secret, and I'm using a gift card. It won't let my buy anything though, unless I enter my credit card number.
Will it take the money off of my ... |
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| I just took my Son to buy some New Wrestling Shoes and used my Visa Credit Card...I signed the Receipt and I just discovered that the gentleman behind the counter not only gave me MY Receipt but also ... |
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 How does one acheive a credit rating and or remove bad credit? |
| Over the years, I have not had many debts. However it seems that the tiny amount of debt I owe seems to haunt me. I had a 300 dollar limit credit card, lost my job about a week after almost maxing ... |
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| And where can I get a free credit report ran? I think last time I got my score, it was an 827. Is it out of 1000?... |
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| i want to go bankrupt but dont really understand it, could somebody help me ... |
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 Do any credit cards prevent you from paying off your debt in full in one month's payment? |
(a kind of early repayment penalty as with mortgages)
ie. Most have a 'minimum payment', has anyone heard of one which imposes a maximum payment?... |
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 What is best credit card for college students with no credit history? |
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starz8 | How do you use a credit card and avoid ANY additional fee? |
Say for example, I get a credit card from Capitol One with a $500 credit limit. I purchase 1 item for $200 using my credit card. My account statement online shows Credit Balance- $300. minimum payment due at end of month is $15. Does this mean that all I need to pay is $15 now and every month from now as long as i dont buy anthing else? will I be charged interest every month on the remaning balance after I pay the $15 every month? how exactly does the system work? i am confused as to wheter you are charged interest if you make the minimum payments and dont go over the credit limit. any help appreciated
Additional Details
i thought the purpose of a credit card was to be able to make purchases upto credit limit and make the minimum payments at your leisure, say for example i got a $6,000 credit limit and i purchase a car for $5,000. My idea is that Im going to work for 1 year gettting paid $25/hr so if I make payments of $500 every month than in 10 months I will have payed off my credit card. Isn't this the purpose of a credit card. Or this some imaginary card I am picturing? |
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jenimay
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if you can pay more than the minimum than by all means do it otherwise it will take forever to pay off as the fees etc... will get you if you just make the min payment |
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Steveo
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I hate to say it, but you are stupid. You are borrowing money. The credit card company is giving you a grace period to pay it. They want you to pay the minimum. When you pay the minimum, you are going to pay interest on top of what you paid for the item.
No free lunches. Why do you think that there are so many bankruptcies in this country? Because people like you have no clues on how to handle credit.
Pay it off entirely, or don't buy it if you can't afford it. |
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gary r
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The only way to avoid fees on your credit card,is to pay the whole amount due.....each and every month. |
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tom168mail
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let say you borrow $2000 with your credit card and you pay the minimum...
you'll end up paying 4k to 5k in over many years.
This system works in a way that you pay 16-26% more from every dollar you borrow. |
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AnOrdinaryGuy
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You betcha you're charged interest!!! The only way to avoid fees is to pay in full, on time, every single month. If you make the minimum payment on time, you won't be charged the late fee, but you will be charged monthly interest. If monthly interest is 16% per year, that's $4 per month added to your $300 principal. Credit card companies love people who just make the minimum payments because they get to charge high interest rates on them forever and forever. |
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Megz
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To avoid interest fees, you want to completely pay off that $200 you spend that month.
$15 is the minimum you must pay....so after you pay that you have a balance of $175 ....you will be paying interest on that $175 until it is completely paid off. |
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Slim Whitman
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Cut up the damned thing.
Check the billing cycle date and make the payment in advance of the due date.
If you need the company to adjust the cycle date call them and raise hell about the charges. |
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smartypants909
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You are charged interest and a finance charge on the average daily balance. To avoid paying any interest you must pay off the total balance each month, if you charge $300, you must pay the $300, or there will be charges each month. |
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Dr. Deth
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you pay interest if you don't pay off the balance in full each month - that's how the credit card companies make their money - If you charge $100 and your int rate is 18%, your balance will increase by 1.50 after one month (simplest explanation) |
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Rick Ven
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You have it wrong. If you do not pay the balance off within approx.10-15 days (your statement says how long you have) then you are charged interest. No way around it. Those people who pay only the minimum payment are on what I call the never, never plan. Meaning their debts rarely ever get paid out in full. |
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