 How much should I make my initial offer to a collections agency to settle a debt? |
| So I've got a debt of 2999.17, and they sent me a letter offering 35% off if I paid in full (1949.46). I'm sure I can pay even less than the 2 grand, but I don't want to aim too low at ... |
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 Is it better to be without any credit cards or at least have one? |
Additional Details
I know they are companies out there that aren't good, which companies are good to work with?... |
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 What do I do when I get a letter from a collection agency about an invalid credit card from 1992 I dont recall |
| I do not recall having this credit card. I did file a bankrupcy around that time and it is not on the creditors list filed. This credit card is for over 5,000 dollars and I think I would of at that ... |
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 I have 15,000 in credit card debt and really need to do something to get out. Any suggestions? |
| I cannot refi my house because of a Prepayment penalty. I spoke to my local bank about trying to get a personal loan but it will be at a 20% interest rate at a $500 a month payment for the next 5 ... |
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 I just got a letter in mail saying that the credit card used to pay my bill was rejected by my bank..? |
| for my invoice was rejected the thing is... i dont own a credit card i i didnt use this company for any thing what or where to i go to find out about this card? dont have a name of card or what was ... |
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 If I pay my credit card before the statement, is this good for my credit or bad for my credit? |
Hi everyone, I got a Citi card. I always pay it before the statement online. So every statement date I will got a balance $0. Is this good for my credit or bad for my credit?
Can someone help ... |
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 I cannot pay my credit card bill? |
| What would happen? There's an outstanding amount of about 300 quids and I am completely broke. Can somebody tell in detail what would happen?... |
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 Hi I need a loan asap of about £2000 to help my family out im 19 and work full time.? |
I tried the banks have no luck im not worried about the payment and the interest they charge just want somewhere that i can get some cash
T... |
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 If someone donated 5 billion dollars?, what would you do with it? |
| Tell me, what would you do. One the first day getting 6.9 billion, what and how would you respond?... |
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 Is it legal for a wife to get credit cards under husbands name without his consent of is it forgery ? |
| happen to friend and didn't think it was legal especially if they for some reason were to seperate his credit would be shot if not payed off.... |
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 My credit score is 760 and my cousin recently asked me to Cosign on a car loan with her.? |
| I've never cosigned for anything with anyone so I'm not sure what to do. She's asked her parents and they've said no. My mom advised me not to do it. The loan is 4000, however she ... |
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 How do credit card companies or collection agencies get your cellular phone number? |
| If a person is late paying a credit card bill , how do the companies get your cellualr phone number when you only gave them your home and work phone numbers when you first applied with them?... |
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 I lost my wallet including driver's licence, 3 credit cards, social security card,etc. What should I do next? |
| I lost my wallet including driver's licence, 3 credit cards, social security card, ATM receipts, etc. I called all credit card companies to cancel the cards, and put a fraud alert on my credit ... |
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 I need a car loan, but my credit isnt good enough!? |
| Wells Fargo has the lowest interest rates, but my credit report sort of sucks because of my husband not paying his bills in the past(grr). Financers that dont care abut your credit report usually ... |
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Ach B | How many credit cards do you own? |
i once owned 12...im down to 3! |
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Day time of the Night time
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None - if i can't pay for it straight away - i can't have it.
I learnt the hard way! |
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monkeyface
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1 card only
Why have almost all the answerers received thumbs down? We were asked a question & have answered it honestly. |
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amtrun
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none, unlike others I do not need a credit rating cos I still believe in neither a borrower or lender be. Most of the answers want their £1,000 now, why? save up and purchase later believe me you will value things a lot more highly. |
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Cari
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I disagree with those who say that credit cards are bad. Yes, some people run themselves into a lot of debt, but you can only blame the individual, not the card. Credit cards can be very useful in emergencies. As an example, I have family in New Zealand. If someone took ill or died and I had to travel there at short notice, my airfare would probably be in the region of £1,000. Do you think I have £1,000 just sitting in my current account?
I have two, because I recognise that they are necessary in emergencies but I wouldn't want to have only one in case something happened to that one so that I couldn't use it. |
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Polo
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7.... |
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Morpheus Blak
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0
im 2 yung |
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lilly81
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2 cards, and just because it will help build my credit, I used to just have 1 |
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That's Bobo
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It is actually a GOOD thing to have a few credit cards. A big part of your credit score is your debt to credit ratio. If you have three credit cards, for example, each with a credit line of $10,000 but you pay off your credit card balances each month and so have zero debt, your credit score will be high, as it shows you are responsible with credit. This will make your credit score higher and will allow you to obtain better interest rates on a mortgage, for example, when you buy a house. Interest for car loans will also be lower.
If you have self control and won't max out your credit cards right when you get them and run balances, it is a good idea to have three cards. I, for example, have a card from Viaa, MasterCard as well as American Express. My total available credit is well over $50,000USD, but I have a zero balance on all my cards and my credit score is in the top 5%.
Remember, the card costs you nothing and you pay no interest unless you run a balance. Simply use the cards only for things you can afford and pay the balance off at the end of each month. Doing so will allow you to avoid carrying cash around while building your credit history at the same time.
Last word of advice: Stay away from credit cards which charge use a fee to use them. There are plenty of other cards out there which charge you nothing to use the card.
Good luck! |
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Llush
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none |
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mary k
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None now. I already had my share of problems with them. I had 3 at one time. |
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Reality Check
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We don't OWN the credit cards....because in essence, they OWN us.
I have 3 credit cards :) |
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CrackBerry Addict
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I only have one. |
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nana .know it all
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None what I cannot pay for up front I do not want I have a debit card and only spend my own money so do not have to pay any interest at the end of the month |
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dopegirl
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None, only pay cash for things when I can afford them. |
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carl
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And why are you down to 3 because you like a lot of other people get into a lot of trouble. No i dont have any and i think that the credit card is the devil. |
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tudorjason (matt)
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I have 4. I used to have 7, but they were closed when I included them in my debt management plan. I also have another line of credit that I used for financing my computer, which was stupid to do, but it's good to have for the history. |
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muppetkiller_2000
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Only 1. I can use it anywhere, only pay a low interest fee, often pay if off completely and I would be in serious trouble if I ever maxed it out. It's easier to make one payment a month, less fees per year, etc.
It's better to have one card, with an excellent rating, than multiples. It's cheaper and my bank will give me a loan, in a flash. |
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OopsyDaisy
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I have 2 - a mastercard and a visa, both with no annual fees, and both have a reward scheme along with it (it's smart not to pay the credit card company in order to use their card, but instead to have them pay you!)
Kudos to you for getting yourself down from 12 to 3!!
her_royal_shyness has a very naive attitude towards credit. Even if you only purchase things you can afford (cheers to that!!), having and using a credit card and paying it off in full each month helps to establish yourself as a responsible credit owner. Also, with so many cc's offering no annual fees, and some sort of rewards system, it makes sense to put as many purchases on a cc as possible if your intent is to pay it off in full each month anyways. This is a great attitude to have and habit to get into while you're young and have less financial responsibilities than later on in life. You'd be building up this great credit history so that when you really need it, you can ask for the credit and you'll get it.
Of course, not everyone can "control themselves" with a cc in their hands....and it's important to admit it to yourself if you're this type of person! In that case, the cash-only system is definitely the way to go for you! |
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