 VISA Gift Card?? |
My dad got me a VISA gift card for $100. He said that where ever they took VISA I could use it!
I was trying to buy a song on iTunes and I entered the credit card number and the security code ... |
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 I just got my first credit card in today but...? |
| im wondering why i have the balance i have. I know i had to pay an annual fee and all but after the fee, i have 124.00 on the card but then when i just checked online, it says i have only 75.00 on ... |
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 Why did Bank of America charge me 32.2 % interest? |
| I was late on a credit card payment to Bank of America and went over the credit limit. The next months billing statement charged me 32.2 % interest. I called to see if they would lower it, they said ... |
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 Is this a good or bad credit score? |
| I recently looked at my credit report and my FICO was 650...is this considered good or bad? What are the best ways to improve my score by April/May of 2008?... |
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 Could this be EBAY/PayPal fraud? |
| Someone bought an item from me and they only have 2 feedbacks (both positive). The eBay info says they're located in Canada, but when the person paid via PayPal, the shipping address is in M... |
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 Would you use a credit card for $1.74? |
A MAN I work with CONTINUIOUSLY uses a credit card for such things as pop and candy. He usually carries no cash on him at all. Won't the interest eat him alive ?
Additional Details
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| If i cosign for my parents to get a house, will it affect my credit? |
my parents are trying to buy a house...they already have one and cannot fully qualify for this other home...
they want to purchase this house and rent out the one that they live in now...<... |
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 URGENT HELP...I was scammed by bally, to signing a 3 yr contract. now i've stopped making payments....? |
| i don't own a credit card, but i have a checking account. Will my credit score be affected since i've deleberately closed my account and they can't get money from me again? i DON'T... |
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 How much will my credit score go down by applying for a new card? |
| I would prefer answers from people who work in the credit industry and can tell me roughly the number of points, and how long it will take for my score to recover once the new higher available credit ... |
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 Where is the Credit card number located on Visa Debit Card? |
| I am in the process of purchasing something on line for the very first time and I need to enter in the Credit card number but I don't know where it's located at.... |
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 Bailiffs may be given the right to break in2 homes for credit card debts?? do you think that is fair? |
| after all..it is the credit companies that cause this problem in the first place!too easy to get credit!!... |
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 I have a high monthly VISA bill. Is it a good idea to transfer the whole thing to Discover? |
| Discover appears to have a better interest rate, and probably a lower monthly payment. Is there any downside to doing this? With credit card companies, there always seems to be a downside...... |
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 What credit card can i get? |
| i turned 18 this month and applied for a discover card and they turned me down because i have no credit history. so what credit card can i get? i have no history and never had a job my parents said ... |
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 How can I create a website without giving my credit card number? ( $ for the monthly fees)? |
| I want to create a website but I dont want to give the credit card number, I am almost positive that it is not safe. Is there a website that I can just send a check or something? (For the monthly fee ... |
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Alex C | If you consolidate all your debt of your credit cards, does this terminate the credit cards ? |
I'm not in massive debt, but I lost my job and I don't plan on using credit MUCH so i just want it all paid so I don't have to worry about the balances, but I don't want to lose my credit cards. |
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Alphageek
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Be wary of one thing.. some credit card issuers will actually decrease your credit limit or close the account for "no activity". Although this usually only happens after long periods of inactivity with no balance, I have seen cases of card holders having their credit limits decreased if they remain unused for over 6 months with a $0 balance. If the card issuer closes the account it's not "derogatory" on your credit report, meaning you will show a good, clean history on the account which won't in itself drive down your credit scores, but your scores will still go down because of having one less open trade line. A good rule of thumb is to make sure you make at least one minor purchase every 6 months and then pay the bill in full once you get your cards down to $0 balance.
Many people think that their credit card accounts can *never* be cancelled, unless they request it, as long as they have paid their bills on time and used the card resposibly. This is not true, however. A card issuing bank has the right to cancel, choose not to renew, or decrease your credit limit based on any number of seemingly arbitrary reasons, of which "lack of activity", "too many other accounts", or "income doesn't justify credit line" are just a few. They're in business to make money, and people holding no-fee credit cards for years without making purchases on them don't provide any income for the issuing bank. |
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~girlfriday~
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The cards are only terminated if you call and close the accounts. Otherwise, you can consolidate your balances and leave the cards open. It's up to you. |
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H. A
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No, your credit cards would reflect a zero balance, and what ever amount of credit you have with a particular card will show as available credit. Your high credit amount used would stay the same, and your credit score would go up as you have a higher available amount of credit, but the new debt would temporarily reduce your credit score, but after about two months and not using the credit cards your score would improve rapidly. |
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Maria2Blue
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If you consolidate, or work with like consumer credit counseling, it will permantently close all of oyur credit cards that you allow them to work with and report to the credit bureau as closed by the bank.
I work for a credit card company in the collections dept. and see this all the time. |
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Mortgagemom
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Paying off your credit cards does not close the account. Your balance will be zero, but you will still have credit available to you again.
In order the close the accounts, you would need to send the credit card company a letter.
I'm sorry to hear of your job loss and hope that you can get back on your feet without using your credit cards again.
In my line of work, I see a lot of people consolidate credit cards only to run them up again. Be careful that doesn't happen to you! |
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edmania1
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Nope... you need to cancel them in writing for them to be gone. |
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Chuck T
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No your cards do not become unusable when you consolidate debt... |
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Rich M
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Not that I know. They just pay off that credit card with the loan amount that you take out. You then have a 0 balance and can rack up more debt. However remember that you have to still make payments on the loan from the bank.
Make sure that the loan amonut will benifit you with a lesser payment and a faster pay off. |
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♥ Twilight ♥
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If you go through bankruptcy or credit counseling you lose any credit cards that are added to the plan because these accounts will get closed.
You can consolidate by using a personal loan, but you won't qualify unless you have a job.
You might consider checking each of your credit accounts to see if you have insurance on the account in case of job loss. If you have that job loss insurance they will cover your payments for you over a period of time (specified in their info) as long as you are looking for work. They generally require that you be approved for state unemployment benefits and be registered with their work search program. |
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George P
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If your credit is good, then you won't have to worry much about it. If you really want to, pay all but $100 on them, that way it keeps it open, and then you just pay the minimum when that comes in. |
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sortaclarksville
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If you consolidate the payments by taking out a bank loan, you will need some type of collateral to guarantee that loan (ie - a car that is paid off or equity in a house). In that case, you can keep your cards.
If you go to a credit counselor service to consolidate, then you are required to physically give them the card. The accounts remain open, but they are flagged, and you are no longer able to make new charges on them until the current balance is paid off.
If you simply roll all of your card over to one card, then you can decide whether or not to keep the other cards or to close the accounts. |
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Ben Jeepin
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It removes the balance on each card but the account remains open. You should cancel all the accounts except one and only use it in emergencies. |
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Lori K
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Depends. Very often the credit card company will terminate them at payoff--especially if you have been a "late payer". IF you have been making payments regularlly, then no. If you are at the point of consolidation, you really need to get rid of all of them but one. Keep that one clean and FOR EMERGENCIES ONLY. Using the credit cards is what has got you into debt. Credit card debt is an incredibly bad idea because it's so easy and the interest rates are so high. If you REALLY need to money, take a loan. The interest rate will be much lower. |
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