 Can a credit card company randomly raise your APR for no reason? |
I have a credit card and just looked at my statement- my APR doubled.
I called the company and they said they can't tell me why, due to 3rd party something or another, but will mail me ... |
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 I'm 20yrs old and I have a credit Score of 726? |
| is that good?? What can I do to raise it ? How long will it take me to reach 800?... |
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 Safe to give SS number? |
| Would it be dangerous to give someone my social security number, name, birthday, and address? It would be for a credit application but it is not for a certified car dealer, its one of those smaller ... |
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 Is there a statue of limitation for collecting money on a debt? is there anything i can do to protect myself ? |
| i keep getting calls to collect on a debt from 1998. it was one of those sweepstake scams, i never recieved any mags after making a payment so i quit paying.( young n dumb obviously) now in 2006 they ... |
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 Buying a house and credit score? |
This is for my future information. What is the minimum that your credit score has to be in order to quilify through a bank to buy your first house? On a scale between 350~850. Thanks.
A... |
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 Can a credit card company take monies out of bank account if your delinquent? |
| The credit card I have is not associated with my bank account, though my credit card company has all routing numbers ... |
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 Should i declare bankruptcy? I have a total of 15k outstanding from my credit card which i cant pay.? |
| I have a total of 15k outstanding from all my credit cards which i really cant pay. Should i declare bankruptcy? What is the consequences if i do so ?... |
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 Need advice on what to do? |
I need to clean up my score-here's my awful history;
1 bankruptcy (2001)
1 auto reposession (2000)
3 cc's that have been sent to collection agencies (after bankruptcy) ... |
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 Im 18 years old and would like to start building my credit. where do i start off? |
| i just turned 18 about 2 and a half months ago and would like to start building credit. i just took out a t-mobile cell phone under my name but dont know if that will help. any other suggestions?... |
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 Do you think JP Morgan Chase is a horrible company? |
| I was with them for two years. Never did I pay late, and paid off balances before. But this one time I was late, they doubled my APR to 29.99% and have no plans on reverting it back to its norm. I ... |
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butterfly236 | I want to file bankrupt is that a mistake????? |
I was thinking that I should file bankrupt so that I could rebuild my credit in order to buy a home. Do you think that is a good move or not? I want to pay all this bad credit off but it is so hard when you got your monthly bills,rent etc. Help!!!!???? |
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∞infiniti∞
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Consider that a bankruptcy will stay on your credit report for the next ten years. Any lat e payments will be erased after seven years. |
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Maggy G
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Try going to the website below |
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mey t
 |
Yes...............definitely
How to Avoid Bankruptcy Explained: With the rising consumerism, aggressive advertising campaigns and increasing incomes, people are living well beyond their means. As a result, they are burdened with heavy debts. If they are unable to repay the dues, they have to file bankruptcy. Bankruptcy is the last resort when you are reeling under financial problems |
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Meli
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You should have thought of that before you ran up all of those bills, to file bankruptcy is such a cop out!
you made your bed now you can lie in it! don't be a wimp. |
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Jon H
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As a mortgage broker I can tell you that filling for bankrupcy will not help you in rebuilding your credit. Here's a few things that I would recommend first:
1) Speak to all the creditors and tell them you are having problems and ask them, in the case of a credit card for lower interest payments, and then cut up the card.
2)Go to the bank and ask for a consolidation loan. I would recommend going to your bank with a planned monthly budget to show how you are going to live. At least this will show your bank that you have at least tried to take control of your situation.
3) refinance any loans you may have for a longer term, your trying to regain as much income as possible. You'll pay more interst in the long run but right now your trying to avoid bankrupcy.
4) Start with the highest interest bearing debt and try to pay them off first
5)I would take a good look at your monthly expenses and get rid of all the luxuries that you don't need. this is the toughest part because you will say to yourself that you deserve them for working hard. But tough times call for tough measures.
6) Sell something, have a garage sale, if your like me you will have a ton of stuff just making a mess in a basement or garage
7) Get a part time job or work overtime, use the income to pay down debts
8) cut up your debit card and give yourself a weekly cash allowance, having no debit card will cut down on impulse buying
9) Try to switch your credit card to a card that has a low intriductory balance, usually 6 months. This way you can pay off faster with the same payments
10) Pay more than the minimum, even $5 - $10 will help you chip away at the principle.
This may help you but I can tell from first hand experience that you will have a good few years of trouble rebuilding your credit before anyone will lend you money for a mortgae if you choose bankrupcy. You can contact me at www.albertamortgageguy.com if you want any more help. |
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Daisy Mae
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pay your bills! bankruptcy is for 7 years |
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Donald Martin
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Bankruptcy is not a good move. Also, the laws have changed. In short, if you work and average over $18K a year you cannot file bankruptcy. If you try you'll be directed to a debt counselor. If a home is your goal and you have more debt than you can handle you do have options. Many options.
Firstly, get a copy of your credit report with the score. If your score is less than 660 you need credit help. Don't even think twice. If your score is above 500 you can get a home however your rate will be high and you'll need at least a 10% down payment.
Secondly, stop spending. Seek debt help, a good place to start is http://www.YourGuideToCredit.com The advantage of their program (and most others) is that once enrolled your score will start to increase due to consistent on time payments. Once you've reached your ninth month you should be stable enough to start looking for a home.
Don't despair, there is hope and there is help. |
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Young and Famous
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Yes, Bankrupt! I would give up and declare bankruptcy because you have so many bills to pay! |
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Johnny
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This would be a last resort.
It takes 7 years to wipe the slate clean.
Once you declare bankruptcy it is difficult to to start new.
You would be better off consolidating all your credit problems in one payment. Tear up credit all cards and have one monthly payment instead of being charged 18% on each one. |
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Moe J
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NEGATIVE, MAN!
BANKRUPTCY SHOWS ON YOUR CREDIT REPORTS FOR A FULL 10 YEARS. BUYING A HOME WILL BE NEXT TO IMPOSSIBLE. WOULD YOU LOAN MONEY TO SOMEONE WHO MANAGED TO RUN UP HIS DEBT AND THEN COP-OUT? BANKRUPTCY PUTS YOUR CREDIT SCORE RIGHT IN THE OLD PORCELAIN FACILITY (TOILET).
TRY NEGOTIATING WITH YOUR CREDITORS FOR LOWER APR AND/OR OFFERING TO SETTLE A DEBT. YOU MAY HAVE TO DO SOME RESEARCH TO FIND A TRULY REPUTABLE AGENCY TO HELP YOU WITH THIS; THERE ARE LOTS OF SCAMMERS OUT THERE.
GOOD LUCK. |
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