 Can someone in the know advise me please!? |
| i brought a car on finance 3 weeks ago and havent been able to use it since as it decded to break. The company Car Craft who i brought it from are not being at all helpful and i just want to return ... |
|
 Are there any online sites to check my credit rating,,,thanks? |
Additional Details
i`ve tried these sites,they ask for card details & payment.... |
|
 Didnt even get a secured credit card!!!!? |
| I moved to the states from Germany a year ago...I dont have a credit history and I knew I cant get a credit card without one. So today I went to my bank "Bank of Amerika" where I have a ... |
|
 What's the best way to eliminate credit card(s) debt? |
| I'm in way over my head, as some would say. I owe a little over 5 grand on my primary credit card and the max is $5,300. I owe about $500 on another, and $400 for a traffic citation. What should ... |
|
 Am i responsible for a debt after 4 yrs have passed, and this is the first time they have contacted me? |
| I have just been asked to pay a debt after 4 yrs, I know I still owed part of the moneys the person is asking of me, but not all as most of it was paid in 2003, I have proof. I have been told that ... |
|
 What is the best credit card for....? |
| are there any credit cards that charge no interest for the first month or so? I only need to pay off a couple of debts, I don't plan to use it much...anyone know of good credit cards? Also...... |
|
 If I choose to blow off a mortgage loan, how long will it take to regain credit? |
| BadGirl has an idea. What if I dump all of my student loans into a refinance and/or home equity (on property I own, but need to unload), and then I decide to bail on that property. It will take me a ... |
|
 What do you know about Equity Bank Of Nigeria? |
REF:TRANSFER DEPARTMENT:Information For Transfer
This office is in receipt of your transfer and it is based on the information which you provided in the form which you suceessfully returned ... |
|
 I am a 16 year old who has started my own cell phone company. as far as getting a loan, how could I do so? |
| I started Cells Wholesale Inc, and after a year of business, incorporated it in the state of california. We are looking to expand our operations on the web, and we also want to invest in a ... |
|
 What is a good first credit card to go with? |
| my first credit card ever. looking for something with low interest and i dont need all the extra services. my only major purchases are for 2 bikes - $1500 - $2000 each. everything else will cost less ... |
|
| Why do people believe Credit Cards are necessary? |
| Why should we all live in debt and pay high interest? Why can we not act our wage and spend less that what we earn? Will we change and what will the consequenses of our debt-riddle life styles be? ... |
|
 Having bad credit....Is it really a big deal? |
Will that be the end of your life?.......I mean I know not literally, but how bad is it? How hard will things get?......Is it really like the end of your life?
How many of you have bad ... |
|
|  |
mm8048 | If a Credit Card Company closes your account can they still raise your interest rate? |
I have been dealing with Chase for years. First it was Onbank. The creditor closed my account years ago. Unfortuanetly I ran into hard times, I was left a single Mom with small children to raise. I have been late once this past year. The interest rate is now 29.9 percent. The total of all my original purchases were approx $5,000.00 I have paid the sharks approx $11,000. Somehow I still owe them $3,334.. How can they charge me late charges at this point anyway? I haven't made a purchase in over 6 years isn't that an oxymoron any paymnet at this point is late. I live in NY and the Chase is in Delaware (Sharkcity). It would seem to me that I have more than paid them off. I don't see how they cann keep changing the interest rate on a closed account. Any information is greatluy apprecaited. Thanks! |
 |
 
Daniel L
|
Sure. They can set their rates as they like. The account is not truly closed as you still have a balance. It is just closed in terms of not being able to make new changes / purchases.
You are to make monthly payments against your principle and interest. You must have been repeatedly late on those payments to have the interest rate get so ridiculously high.
You can open a new account elsewhere and transfer the balance. |
|
Muledancer
 |
Unfortunately,they can. You state that you still owe a balance on that account and credit card rates are adjustable.
Can you qualify for a lower interest credit card with enough headspace to pay off the $3300??
How about a conventional bank loan. That would have a lower interest rate that any 30% |
|
diva
 |
I think as long as you have a balance they can, and especially if you're not paying the mininum balance... I have Chase too and Im screwed with them also.................... |
|
Barbara H
 |
I would contact them...tell them your story and maybe they will reduce the rate. It sucks, been there myself. They got ya and it's truly robbery. Give it a try though, maybe you'll catch them on a good day! Good Luck! |
|
Writer of Truth
 |
Yes, they can keep charging you interest and they can raise the rate whenever they want. It's not fair, but it's life. You might be able to get some help at this credit card help website. |
|
A
|
Yes, they can raise them even if you missed one payment and they can also raise the rate based on your other cards. I was late on a few before and the other credit cards I had were raised because they saw that I was bad with other credit cards. I was considered a "risk." |
|
akelaamy
|
as long as you have a balance they can keep upping the interest rate - even on closed accounts. I would recommend calling them and requesting a "getting back on your feet" consideration. Many will go interest free for 6 months giving you a chance to get the amount paid off. There are also credit counselors who are able to negotiate smaller payments with less interest - however some of those are pretty shady - but not all of them. Good luck with the sharks..... |
|
Kit
 |
You need to check with the disclaimer info when you originally signed for the card. Some card companies say that upon cancellation of account the intrest rate will go up X amt due to the cancellation. Like when you cancel your cellphone account. They want to charge you x amt cause you are terminating the contract well its the same concept only with interest rates.
But I could be wrong. I would contact the company and get an explanation. |
|
STEVEN F
 |
Both you and the credit card company are bound by the terms at the time the card was "closed". "Frozen" is a more accurate term. Those terms probably allow them to increase your interest rate if you make late payments. They definitely allows them to charge a late fee any month they do not receive a payment by the due date. If you have been making minimum payments for 6 years and have been late regularly, $11,000 in payments and a $3,334 balance from $5000 original purchases actually sounds low. |
|
laughter_every_day
|
The original agreement would have set out the consequences of any late payment. Such contracts typically allow for usurious rates anytime you fail to make the minimum payment in the time allowed by the contract. |
|
abel g
|
Yup, its in the contract you signed to use the card. |
|
Weatherman
|
Once they close your account they have set set your debt at a set level
They can't change the interest rate after that |
|
| |
|
| | |
| Questions List |
Answers | Last Post
| | | |
12 | 2 minutes(s) ago
| | | |
12 | 9 minutes(s) ago
| | | |
12 | 35 minutes(s) ago
| | | |
12 | 36 minutes(s) ago
| | | |
12 | 55 minutes(s) ago
| | | |
11 | 2 hour(s) ago
| | | |
12 | 7 hour(s) ago
| | | |
12 | 8 hour(s) ago
| | | |
12 | 1 day(s) ago
| | | |
12 | 5 day(s) ago
| |
|
Homepage 
Financial
Forum 
Credit 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
