 I need to boost my credit? any good advice? |
| ill keep it simple i need a credit check to get a cellphone plan, i am 18 and i dont have a credit card but a very steady job and such blah blah blah, i dont know how much i have or need, but i ... |
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 Is it possible to block a merchant from making further charges to my credit card? |
| I recently had a bad experience with a merchant concerning some charges they made to my card. Though I have resolved the issue with them, I would feel more comfortable if I could arrange it so that ... |
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 Can I use my debit card to purchase stuff online? |
| I was given a debit card from my bank and I was told that I can use it as a credit card too. It looks exactly like a credit card, it's a Mastercard, it has 16 digit number and an expiration date ... |
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 Payment to credit card company lost in the mail. What to do? |
| My credit card payment was due October 6; balance was $500. Minimum payment is $15. I use my credit card for EVERYTHING so I can earn points, but I pay off the balance in full each month. I always ... |
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 What should i do plz help! Husband going to court? |
| My husband has charge card debt and has just got a court summons. We have been married for 2 yrs and all his credit card debt was from before we were married. I have a savings account with a large ... |
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 What is the best bank to get an account with after being bankrupt? |
| i have just recieved my discharge papers after being bankrupt and need an account to set up direct debit etc help?????????... |
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 I gave my parents my money and now they won't let me have it!? |
| I want to go to Germany with a friend. She has an apartment there, so it won't cost alot. I gave my parents a $7000 check to invest, but now they aren't giving me my money. They say it'... |
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 Pre paid credit cards questions? |
| where do u buy them, can u use them anywhere, can u use them ... |
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 I have a lot of credit cards. My question is If I close some of my credit cards does it lower my credit score? |
| I have a lot of credit cards. My question is If I close some of my credit cards does it lower my credit score?... |
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 I cosigned for a car for my niece. she is always late. how can i get out of this situation? |
| She and I had a family falling out which mkaes it harder for me to contact her. I need some type of legal adice on what to do with this situation. How bad can this hurt my credit?... |
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 How do I get a collection agency to stop pursuing me for money I shouldn't owe? |
| I refused to pay $430.00 to an apartment complex I moved out of because the charges were bogus. I did pay for other charges I thought I was responsible for, like new carpeting. I refused to pay for ... |
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 Is this a good idea? |
| Should I take out a $100,000 loan to invest in the stock market?... |
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 Can I still use my expired MasterCard? |
| My MasterCard is set to expire 07/06. If I don't receive my new card by July 1st, can I still use my expired card at any merchant that accepts MC until I receive my new card?... |
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 Pay off car loan or credit card? |
| Just received my tax return and have a few extra thousand to either pay off my car loan or pay down my credit card. Seems like the easy answer would be to pay whichever has the highest interest rate -... |
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 Is it right for Egg to do this to their credit card customers? |
Cancelling their credit cards to 161,000 people. Many whom claim they have excellent credit rating and repayments are in full monthly.
http://news.bbc.co.uk/1/... |
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 What happens if I cut up my credit cards? |
I want to stop using credit cards and everyone says to just cut them up so I can't use them then pay them off. But then don't I need the info on the cards if I plan to cancel them?
A... |
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kilimarsh | 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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Princess
 |
You need to ring them immediately and be honest, as they may well start charging you late payment fees and admin charges. Any reputable company will help you, ring them. |
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t3h1
|
if you cant even afford to pay back £300 you shouldnt have a credit card.
i mean a £300 balance works out at probably £5 - 7 per month for the minimum payment.
thats just over a pound a week. you could find more than that just picking up loose change in the street. |
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lynn18050
 |
First of all call them NOW and tell them that, they are obliged to stop wacking the interest on.
do it call and they will tell you your options.
300 is nothing, dont worry |
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Trevor Trillion
|
First of all, you will be charged with a late fee.
2. after about 3 late fees, they will stop your account from being used any further.
3. Then the bank will threaten you with a bad credit rating for the next 7 years.
4. Then they will turn your bad account over to a collection agency. (The Agency gets 50% if you pay up).
5. the collection agency will write you the same crabby letters,
6. Now 6 months have passed. The collection agency will call your house and ask you to make some payments.
7. Finally the collection agency will ask you to pay HALF the debt and be done with it.
8. After about 8 months, nothing more will happen. But your name will be on file somewhere as a bad credit risk.
9. You will be one of a million just like yourself. |
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♥♥Tina♥♥
 |
Ring them up and explain otherwise you will receive a default notice |
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Foghorn
 |
Tell your credit card company that you cannot pay them immediately, and enclose the card, cut in half, as evidence that you will not be using the card again. Send the leter and card as recorded delivery, and ask, in the letter, that the Credit card Company acknowledge receipt of the chopped up card.
They will, as a matter of course, ask you for full and immediate payment. Reply to the extent tnat you are unable to do this, and offer payment of what you can afford each month. Ask them to suspend or halt interest on your outstanding balance.
When they have indicated what they will do, consult the Citizens Advice Bureau.
Frankly, if you are honest enough to admit to your debtor that you cannot pay, they will probably give you a chance, provided that you can show that you are in work, or out of work but applying for jobs, or some form of employment history.
If you have not worked, do not work, have no intention of working, have applied for the credit card using lies (false pretences), then the lot on you.
Either way, get it sorted PDQ. A bad credit rating is not good, and it will even influence your chances of Housing Association accommodation. Three hundred quid is not a fortune, but stealing such a sum ( which, essentially borrowing this amount and not paying it back amounts to) is not a good thing to have on ones escutcheon. |
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full_moon032105
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Well most companies will give you 3 months/90 days to make a payment. They will start sending letters, then calling, and if that all fails they will send you to collections.
Which that will cause a serious drop in your credit score and that in it self is a pain in the ***.
here is a suggestion, as long as you are trying to pay even just 10 bucks that will stop the collections. And most time will stop them from calling because it resets the 90 days.
Best bet send even a small payment of 10 dollars. Or what you can afford that way you are at least trying to pay it off. |
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bdancer222
 |
Wow! I've read thru the responses and I am amazed at how different the rules are outside the US. No wonder there's so much conflicting info.
In the UK , do the credit card companies really have to stop charging interest if you call them and say you can't pay? |
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melonball7980
 |
Contact the card issuer. Explain that you are not able to pay it. They should offer you options to help.
DO NO IGNORE IT you could get a default or a CCJ which would affect any credit you apply for in future.
Ideally try and make the minimum payment.
Then cut it up and don't use it unless you know you'll be able to pay it off.
Alternitavly you could see about transfering the ballance to another card with 0% on balence transfers, not to sure about them tho!
Good luck
Debt SUCKS! |
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stormydays
|
Your credit card bill if in UK is a non-priority payment
.eg...you must pay your rent/mortgage and household bills before you pay your loans and credit cards
Yeah sure they may add charges etc...but you can ask them not to. If you have more than just this credit debt please go find your local citizens advice bureau who will be able to sort it all out for you |
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firebobby
|
Some answers saying call the company, these are absolutely correct.
Providing that you are genuinely financially distressed and have not merely spent this weeks/months money, your card company will defer payments, but most importantly they will stop adding interest.
Call them. |
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Spot
|
go to CAB they will help. |
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blinds48
|
first of all you will be plaqued with telephone calls asking you to make a payment. If you dont respond they will refer you to a debt collector who will come a knocking at your door. Some of which may i say are pushy. Your best bet is to go to CAB (Citizens Advice) they will take into account your outgoings and income and will write to your credit card company in order to get you a reasonable amount you can repay. Ive been there and worn the T shirt. Good luck |
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Bell
|
Talk to the card issuer, they can likely help you! £300 isn't too much so they might be able to suspend your account OR just have you make small monthly payments until you get back on your feet. TALK TO THEM but don't let it go because the card issuer will get a credit agency after you and that's big trouble... Believe me £300 isn't a lot so it's worth talking to the card issuer. Good luck!
P.S If they can't help then talk to Citizen's Advice AND either cut up your card OR put it away and don't use it until you can be sure you can pay off your c/c bill. |
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Dr. Williams
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YOU WILL BE HOUNDED RELENTLESSLY UNTIL YOU PAY UP!!! |
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Chris Hansen
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Don't pay it! I never pay mine, or my ex wife! |
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