 Declined for credit cards? |
| i am 18 years old, I have a loan from a bank for my car..ive had it for about a year and i half and i have a year and a half to go, but i have never missed a payment. i tried applying for credit ... |
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 How can I find credit cards account #'s that have been opened in mine and my spouces names? |
| I need to cancel all of the credit cards that have been opened but I don't have the companies that she opened.... |
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 Having trouble getting a new bank account? |
| I keep getting refused a new bank account because the banks have a falsehood comment on there credit checking service. I have been incontact with experion reference agency and they cannot find on my ... |
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 I have $3000 in debt, I can't afford to pay it anymore. Will I ever be able to lease an apartment? |
| I have $3000 in credit card debt for about five or six cards. I know the average credit card debt per person in the U.S. is about $10,000. I never have any money because I work part-time and go to ... |
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 Should I continue to pay off UK debt? |
| I have been living in the middle east for 2 years. My husband and I continue to send back to the UK 1000 pounds to pay credit card direct debits and personal loans we both have from our joint HSBC a/... |
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 Where can I get a credit card if my credit is bad and I have a balance on another card? |
| I already know I shouldn't get another card...but If I can transfer my old balance...... |
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 When you're applying for credit and it asks you if you rent or own, but you live with your parents for free..? |
my dad might start charging me rent soon, but that's not an offical financial transfer like renting a house.
which one is the one you're suppose to choose?... |
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 Low credit rating? |
| i can not get credit anywhere i have even tryed every credit card for ppl with no credit rating im at my wits end. do you get credit rating by owning a phone line?... |
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 Please help me I'm being sued by a collection agency? |
| Yesterday of all days I received a note that I was being summoned to court for a credit card that I had 5 years ago. They are saying I owe them 2,400 plus interest however the card they gave me was ... |
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 I co-signed with a guy whos not my friend anymor. Help? |
| I co-signed for a loan on a tv for a friend a while ago. We are recently on the outs, and he went out and bought a $2300 tv on that same line of credit!!! How can i get out of this if he wont pay ... |
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 Will it affect my credit? |
| I have two other roommates and we split the bills every month. One of my roommates is terrible about paying and causes us to be late every month. My name is on the accounts, but the most information ... |
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runaway | If i cancel a credit card prior to paying it off would i be required to immediately pay the entire balance? |
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wingingit
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They will usually require payment in full to cancel the account. Shred it, work on paying off the account and cancel it. The sooner you pay it off the better for your credit score. |
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Old-Timer
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NO |
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gqslikk
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You absolutely DO NOT have to pay the balance when you “cancel” your credit card- if it’s a “revolving” account.
How can you tell it’s a revolving account you ask? Well, simple; Do you make minimum payments towards the account each month? If yes than you have a revolving credit account; this allows you to revolve or carry a balance month to month and stretch payments over a period of time.
If so than you can close your account for purchases (and it will reflect on your credit that YOU chose to close it). It will however, still be assessed fees (if you pay late or go over the credit line) and accrue interest on the remaining balance each billing cycle until paid in full.
This is no different than keeping it open and paying your monthly payments except you will no longer have access to the purchasing power on the card for the open credit (the amount you have paid down compared to the credit line).
If you do pay in full, call the company can calculate what your balance will be with any interest charges by the date you plan to make the payment. |
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e.abishai
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yes. If you dont want to pay it right away, stop using it until you pay off the whole thing and then cancel it, cut it into 16 pieces. |
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clayinspiration
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Not necessarily. Most let you continue to make the usual monthly payments until your balance is zero.
**If you DO decide to pay it off all at once, call the company first and ask for the total payoff amount. This is usually a little bit more than your balance. Otherwise, they may continue to charge additional minor fees that tend to add up quickly.
Good Luck! |
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mufasa42
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no, just call them and tell them you want to freeze your account, so they can't keep upping your limit, and no charges can be made. |
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blue
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no they will just keep sending you notice to entoll again |
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perla0776
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not immediately, but it depends on the lender, some like to be paid in full ASAP, other give you a plan |
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yellobrix
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If you are trying to improve your credit, don't cancel the card. Cut it up or otherwise destroy it. Pay it off. A zero balance on the card looks better than cancelled, if it it's at your request. |
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