 I have credit card debt and the credit card companies are threating to take me to court. Can they do anything? |
| I am thanking about going bankrupt and I have talked to a lawyer and he told me not to pay anything. I was just wanting to know if they could do anything. I know they can take your wages. How long ... |
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 Is it wise to pay off a debt to a collection agency once the debt from the credit card company is charged off? |
| Given the fact that a charged off credit card account stays on a credit report for 7 years, should a debtor make attempts to pay off the debt sometime soon thereafter the official charge-off in good ... |
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 Maxxed out? |
| i have six cards that are almost all maxed out from college and moving and eating out....i want to buy a car in 6 months ..whats a good plan of action to pay off 2500 in credit card debt and still ... |
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 What kind of home loan interest rate could I get with a bankruptcy on my record? |
| I have a chapter 7 bankruptcy on my record from 2003, but I have no debt and a credit score of about 700. And I have $20,000 for a down payment. If I got a home loan, would the bankruptcy make a huge ... |
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 Applying for a credit card..? |
| I'm almost 18 and I would like to get a credit card and I am just wondering how easy it is, what should be my limit, and should i apply through my bank ?... |
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 How can I get a home loan with bad credit? |
| I'm getting ready to go through a divorce and I have 3 children, ages, 6, 5, and 2. I would have already filed for divorce if I had somewhere to go. I would really like to buy a home for my ... |
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 How can i clean up my credit. i do not have the money to offer on settelments? |
| I want to raise my credit score, and just how can i have the negitives turned into postives on my credit report...there are people offering that they can clean up your credit fast for a fee. so can ... |
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 Credit card limits? |
hello, i payed down alot of credit cards this last year. After i payed them down they increased my limits sufficantly
1 card 3500 then to 7000 now 14000
2nd card 5000 then to 7000 now 11000... |
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 I was denied credit 10/5 by two firms, based on Equifax credit report, need explanation of who and what for? |
| On the report from the denied credit firm, it only gave debt amounts from Equifax and no names. I paid off all my bills at the end of 2005 and early 2006 and only have two debts, outside the two ... |
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 How can i improve my credit, and why is it bad? |
| im 25 andmy credit score is around 550 i believe wich is horrible but im not sure why. i dont have much credit history, but a few years back i got a dept. store card with only a $100 limit to build ... |
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 Unemployed and in debt? |
I'm asking this for a friend who dosen't have a computer.
He's in debt, about to loose his job, lives with his friend, and no money saved up. Every payday he tries to pay his ... |
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 Amazon.com? |
can you pay with a visa or mastercard through amazon?? or u need a paypal??? is it safe to use a visa or mastercard???
Thanks!... |
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 My husband had a credit card in his name only for some dental work. He passed away 2mo. after. I have been? |
| paying on this bill for the past 3 yrs. and the int. rate is 27%. Income was cut in half so I'm just paying min. every mo. so the balance never goes down. Am I legally responsible for this bill?I... |
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 What is a good credit card for me? |
| i have limited if not any credit at all. i just turned 18 last year in november. what is good credit card that will approve me with a decent apr?... |
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Shaner | How should I use my credit card? |
I recently took a new job. I'm out of money so I have been using my credit card for everything like gas, cigarettes, fast food, coffee. Pretty much a lot of little things that add up to about $30 a day. What I want to know is do banks and credit card companies frown on that kind of use? I would have all of these charges paid of quickly but I'm not sure if this type of randomconsistent use is gonna lower my credit score.
Additional Details
I mean dont they look at spending habbits and credit to debt ratio? My credit score is currently over 600 I have a goal that Im activly seeking of 700+ and I've been doing well but I dont want this temporary situation to upset my goal |
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stephenweinstein
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They do look at your balances and at your payment history. They do not look at whether it is many small charges or a few big charges. Charging $900 a month is fine if you keep up with the payments. Charging more than you can pay back and then underpaying or paying late will hurt your score a lot. |
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km
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na they dont kare wat u spend it on they just want u to pay it back |
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Jeff T
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Banks love it when you use the card and pay off some of the balance.
But I've got a question: Do you have a written budget?
So that you have an idea of where your money will go before you earn it? |
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bdancer222
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How much and what your charge really makes no difference as long as you don't go over your limit and pay at least the minimum payment by the due date. Credit cards only report if you pay on time or not.
The best way is to use the card and pay it in full every month. Using a rewards card would be even better. They would pay you for using their money. |
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TaylorProud
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They don't care how you use it as long as you make the payments and stay below your credit limit, just remember they are charging you interest on all that little stuff so that $5.00 pack of cigs and coffee just cost your $10.00 over time. What you should do is have a regular savings account in a Credit Union, that you have a certain amount deposited from you paycheck each week into savings, then use that money to fall back on for lifes little emergencies rather than the expensive credit card track, developing good saving habits will take you alot further in life.
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Mickey ownen
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1. Get money
2. Pay your bill
3. Stop using your credit card
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src50
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It's not what you buy, it's how well you pay that counts. |
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Mustafa Leek
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Credit card companies love people racking up bills and struggling to repay them, so don't worry on their account, as that is how they make their money.
The poorer you get the more they prosper, and then they up your interest rate when you can't afford a bean, regardless of if it's a runner bean or a coffee bean.
If used wisely, credit card companies don't actually want your business - I have been on both extremes with their usage and their abuse having been a very good customer for 20 years (sometimes with £40 000 owing and paying it all off, yet at others having no chance what so ever).
At the end of the day interest rates defeat any benefit in having a card in my opinion, though I may be prejudiced in saying so, as I now get hounded every day by them trying to get blood out of a stone.
I was very responsible - however luck changes as do circumstances, and credit scoring is used differently by different companies.
I had a fantastic score when I was going through my divorce, despite owing huge sums and having no income.... I had a business back then.
Now I work for someone else, earn what everyone else earns, my credit score is lower than a submarine on a training exercise, and I'm drowning in debt.
My advice would be to shred your card at the earliest opportunity. |
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Sand Bag
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It will affect your credit score if you are not making the minimum payments at the end of the month. It's actually advisable that you pay off your balance at the end of the month. http://www.badcreditfixup.com/improving-your-credit-score.php
In my option, $30 a day on a credit card can add up quickly, so watch that balance. |
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