 I have received an email telling me that if i have credit cards which i took out before 2007 they can be wiped? |
| can credit card bedts taken out before april 2007 be wiped out with no effect on credit rating seems strange to me what does anybody else ... |
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 Should I pay the deliquint account or leave it? |
| I'm trying to raise my credit score. I've heard that once an account goes into collections you should leave it alone because if you pay it, then ur score gets lower. One of my derragatory ... |
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 How can I settle my credit card/personal loan debt? |
| I have credit card/personal loan debts and looking for a lumpsum settlement. Due to financial problems I'm not paid last few EMIs.... |
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 Paying off credit cards? |
| ok so I have my credit report and money. What's the best way to pay them off. Should I negoiate with them for a lower price, pay the whole balance, make payments??? Im looking for the best ... |
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 Credit Score dropped...how can I get it back UP? |
| The last 6 month I worked so hard to get my score up to a 710 and when I moved I neglected to check my cable bill at my old address. I was sent to collections over 55.00 and my scores dropped into ... |
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 I am 23 years old, i am unemployed, and i am $20,000 to $23,000 in debt i dont know what to do? |
| I dont know what to do i am about to just let them go? i did good at keeping up with my credit at first but right now is just too much i been unemployed for awhile finding money to pay for the ... |
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 How to build credit up? |
| cause i dont have any credit and i cant get a credit card ... |
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 Secured Credit Cards? |
I just opened last week 4 secured credit cards with $300 credit limits each. I need to repair my credit...
If I charge $10 on each monthly then pay all of them off monthly and keep doing ... |
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 Do those debt consolidation websites really work? |
| My boyfriend is around $17,000.00 in debt. He almost signed up with one of those debt consolidation companies online. What they told him to do in a nutshell is to pay them X amount each month and not ... |
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| Credit card interest rate jumped to 30%! Why? |
| My husbands Washington Mutual credit card jumped to 30% interest. We have never been late on a payment and we pay way more than the minimum in order to pay it off. Right now the balance is $423.00 (... |
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 My nephew has a bunch of bounced checks? |
| He has bounced about 5 checks and has no money to put in the bank to cover what he has written + fees and such. He has no job, so no way to pay them back and none of the family is willing to loan ... |
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 Is it a good idea to take out a small home equity loan to pay off credit cards? |
10000$ to consolidate 7000 in debt, the going interest rate is 7.5 % we are currently paying between 13%-23% on the cards
Additional Details
the remaining three thousand will go torward ... |
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 Am I responsible for my girlfriend's credit card that is in my name (she is additional cardholder)? |
Her name is actually on the card... If we break up and she does not pay it, can I go after her legally?
Additional Details
She has a totally separate card eventhough she is on my account ... |
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 Go bankrupt or not pay? |
| im not sure what bankrupsy is everyone tells me don't do it. bc i will still have to pay it back. but right now im not paying on my credit card debt. so do it or just let it keep racking up?... |
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 What credit score should I go by? |
| transunion experian and equifax all have different scoring methods. which one is most accurate when it comes to what a creditor will look at...? So basically is the equifax score closer to what a ... |
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 Who here is getting sick and tired of 'where is my rebate' questions? |
| I just wish some of these people would at least read some of the answers pertaining to the rebate before asking the same question over and over.... |
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 I'm confused...do I need credit card...help? |
| I have recently moved to US (legally :-) ) and I have been watching a lot of shows (while I'm home with my baby) and I'm trying to find out what's the best for me...the only one thing ... |
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rainbowgirl07 | If I don't pay a credit card bill on time what will happen? |
if i send in a payment, say, like a week or two late, what will happen? what if i tell the credit card company that i don't have the money now but I'll try or will be making a late payment? will it affect my credit score, and how? and will it make the interest rate go more up? please help!
Additional Details
what if this happens more than once? what will the credit card company do? |
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Cainam
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interest and penalty.....ruin your credit history and the interest rate might go up....upto a certain amount.... |
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zk628_2000
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If you are a week or two late the credit card company will charge you a late fee and may raise your interest rate or reduce your available credit. The late payment wont be reported to the credit bureau until you are at least 30 days late. |
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GG
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they cant lock you up or anything like that. they'll charge youlate charges and then if you dont pay those then they'll charge you more charges and then they'll put you in collections...and collections is teh worst case scenario. dont worry |
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Treadstone
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Late payments can trigger interest rate hike & penalty.
Best to call credit card company & work out something ASAP. Try to make the minimum payment or send as much as you can.
You can also ask the credit card company to lower your interest rate. It never hurts to ask.
Do your best to pay off this credit card so you are in a stronger position to negotiate.
Consider joining a credit union that offers a credit card. Credit unions often have lower banking fees & credit card fees/penalties. http://www.bankrate.com/brm/news/cc/20020701a.asp
For more information: http://www.msnbc.msn.com/id/5054056/
http://moneycentral.msn.com/content/Banking/Yourcreditrating/P56621.asp |
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Pengy
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Unfortunately there is no grace period, there used to be but no more. First they will charge you a late fee, hopefully that does not put you over the limit as then they will charge you an over limit fee. Next as being late they might raise you interest rate, outrageously for the next 6 months. Yes this will affect your credit score, slightly, more if you go over 30 days. Why not set up to make payments online? Takes the delay of the mail system out of the picture |
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Jen M
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I hate to tell you that if you pay you cell phone bill late...credit card companies can use that as a reason to increase your intrest. So, yes...paying your bills late can affect your credit score and they can also raise your intrest rates on you.
It is better to make your minimum payment than to send it in late. Better still not to use credit cards too much if at all. |
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*Cara*
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You're in for a world of hurt if you can't at least make the minimum payment on time each month. They will charge you a $39 late fee each and every time you are late. Plus they can hike up your interest rate to 30%. You can try calling them to try to extend your payment due date but really there is not much they can do. You need to find a way to pay it on time. Otherwise they are going to start calling and harassing you and eventually send you to collections. This will ruin your credit score and affect anything you want to use credit for in the future: such as buying a car or a house, or even renting an apartment. Sorry to be so negative here but these are the cold hard facts. Try to make your payments on time and you won't have to deal with any of this. |
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inaru816
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What will happen depends largely on your agreement with them. You need to read the small printed section about interest rates and late payments. On some cards interest does go up if you make several late payments. It is best if you can at least pay the minimum. |
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First Lady
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You have a grace period of about 15 days after the due date. After that, you will have a late fee added on. If you continue to not pay, they'll start calling and eventually send it to a collection agency to where they will hound you and hound you. If you still don't pay, they will sue you and get a judgment against you. Then to satisfy that judgment, they can garnish your wages, put a lien on your bank account and ultimately, any property you may own. Plus, your credit will be in the toilet. Yes, you can call them and ask them to work with you, but ultimately they don't care about your situation. They want their money and that's their #1 concern and they will stop at nothing to get it.
Sorry, I'm not trying to sound mean, but I've been there. I lost my job and couldn't pay my credit card and they tried to accuse me of defrauding the company because I couldn't pay and they did all the things I said. So, I'm just being honest about what they can do. |
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Duane
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This can make your credit score drop sigificantly, but you might get away with it once. Tell your credit card company you forgot all about it and you've sent in your payment and they should get it shortly!
Go to this website below and read it all, especially the "how credit scoring works" section. You will have a better understanding of how this all comes together and I would also sign up for a 3 in one credit monitoring service where you can keep an eye on your credit score.
Too many late payments will cause your interest rate to go up, maybe even double!
I used this website to clean up my credit reports and boost my score from 485 to 720 in a little over a year! |
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