 A collection agency is offering 40 cents on the dollar, but says the offer's only good for a day. Is it? |
| A collection agency contacted my mom two days ago for a delinquent account. The person she is speaking to is offering a 40 cent on the dollar cash payout on a $13,000 balance, but says that the ... |
|
 Pin number reversal? |
| PIN NUMBER REVERSAL "If you should ever be forced by a robber to withdraw money from an ATM machine, you can notify the police by entering your Pin # in reverse. For example if your pin number ... |
|
 Is it me or is HSBC have the worst Customer Service ever? |
| They have the worst Collectors and customer service reps ever. They constantly try over-talk you will call you a liar to your face. After today I will start recoeding my conversations with them. T... |
|
 Auto loan with a FICO score of 750? |
Is it likely or unlikely for me to get approved for an auto loan?
What do you think the APR would most likely be for a 750 fico score?
I have no negative or derogatory on my ... |
|
 Will it hurt my credit if I pay my mortgage one day late.? |
| I waiting for my paycheck to clear. And my mortage is with the same bank that I have my checking account with.... |
|
 Why are people so judgmental when it comes to credit? |
| I see a lot of people on here who answer questions about credit that put others down who are seeking help b/c of poor decisions. They rub it into the person's face that they have flawless credit ... |
|
 Worth closing credit card? |
| I have one payment left on a high interest credit card and then it'll be payed off. I also pay a $50 annual fee with or without money owed (got the card when I was younger with no credit to my ... |
|
 Has anyone ever used a credit monitoring or credit alert service? |
| I am thinking about signing up for a credit alert service through one of the 3 credit agencies. They all offer som many different options but I would like to no how well they work.... |
|
 If I filed for Bankruptcy can i get a home loan? |
| I filed for bankruptcy last Oct 05 husband did not and we want to purchase a house and land that is going up for Sheriff's Auction. Will we be able to get a loan? And where should we go to get ... |
|
 Ebay???????? |
| When u buy something on ebay can u cancel ur order????? after u already buy it and used a bank or credit card? and ... |
|
 I wonder if having 100K in available balance when you apply for a mortgage would hurt your chances? |
Lets say you make 50K a year and have 100K in available credit.
Wouldn't that hurt your chances for a loan, or will it improve them?
Wouldnt the leder be afraid, you'd "go ... |
|
 My hospital bill has gone for collection. How badly does that affect my credit? |
| I paid the bill as soon as I got a phone call from the collection agency, though it is too late.... |
|
 How do I get a collection agency to stop harassing me for a debt that is not mine? |
| Sometime in 2005 this collection agency in New Jersey sent me a letter by mail saying I owe something like 2600 dollars for a debt to Verizon. The name on the information they sent was not even ... |
|
 Been made redundant and have a car on finance need advise!!? |
| hello, my partner as a car on finance and he as just been made redundant well he as payment protection which covers him for a yr well ne way he as 9000 still left to pay how much will they cover him ... |
|
 Would someone explain to me how cheques work? |
To me it's just like writing the amount of money down on a peice of paper and writing down the name of who you're giving that amount to. Then just signing it at the bottom...
It&#... |
|
 Refusing new credit card terms, effect on my credit score/rating? |
| My Chase card was taken over by J.P. Morgan. I have a great credit rating (score 763) and have never missed a payment. Today I get a letter about the"new" terms: my fixed 8.99% rate is ... |
|
 Bad credit? |
| yes, i really do need some help. i am only 18 yrs old and my mother got me 3,000 dollars in debt. what steps should i take to get on with my life and have something in my own name???... |
|
|  |
rvj5234 | Is it a good idea to cancel my credit cards after I clear their balances? Or will it hurt my score? |
I have three credit cards and was thinking of just keeping 2. |
 |
 
lynn
 |
Get rid of them!
If you go to obtain credit for whatever reason, the creditor is going to consider the amount of your credit limit as risk.
For instance, you have 3 credit cards with a limit of $1000 each. A creditor will add the $3000 to the potential risk you could incur if you decide to go & max out your cards.
Not to mention the interest rates!
So, call each cc company, ask them to lower your interest rate. Then keep the 2 that give you the lowest rate, I would personally only keep one, but this is your decision. |
|
Brian
|
It's probably a good idea to cancel it. Just don't go getting another card, because that kind of yo-yo activity won't look all that great on a credit report. But it's not a good idea to show that you have tons of available credit, because you might be a credit risk for the future. |
|
MadDog
 |
cancel them! you user them one time you may just use them and get you balances back..... |
|
ask the eightball
|
Hang on to the one you've had for the longest, since it keeps a longer history open for you. But it is good to cancel some if you have a large amount of credit available to you. |
|
twentyeight7
|
I have had several people tell me I am out of my mind not to have credit cards. If I want something I pay cash for it and know that it is mine. Or I save my money until I have enough to pay cash for it, then I purchase the product. I figure why should I buy something I don't need and pay someone I don't know for something that will cost in the long run more because of interest rates. I figure I am way ahead because, at the end of the month when my pension comes in I pay rent, living expenses and what ever is left over is mine. I have no bills, or phone calls, or threatening letter of disconnection notices. What is left is MINE. So from my point of view a credit card belongs to the devil and let him keep them, why would you want to make him rich with your hard earned money. You worked for it why give it away? |
|
heartache
 |
Not really. Having accounts that you have paid off shows that you are a good credit risk |
|
mopargrapeape
|
you could cancel a credit card after you pay off the balance. if you keep the card it will show as open credit and could count against you when applying for credit. if you do cancel the card be sure that it states on your credit report that you closed the account and not the credit card company. |
|
Principessa
|
*WARNING* DO NOT LISTEN TO ALL OF THE ABOVE!
You do not want to close all your accounts after you pay them off. A major factor of your credit score is how much available revolving limit you have. For example if you have 10,000 in cc's you have just paid off & it went from being 0% avilable credit to 100% avialable this will Greatly Improve your score. If you close them all you you will be right back to 0% avilable & you get no reward for paying them off. If you have to many close all but 4 of them. |
|
kelz
 |
sounds like agood idea to me :) |
|
| |
|
| | |
| Questions List |
Answers | Last Post
| | | |
9 | 5 minutes(s) ago
| | | |
9 | 16 minutes(s) ago
| | | |
8 | 20 minutes(s) ago
| | | |
9 | 36 minutes(s) ago
| | | |
9 | 2 hour(s) ago
| | | |
7 | 6 hour(s) ago
| | | |
9 | 8 hour(s) ago
| | | |
9 | 9 hour(s) ago
| | | |
9 | 1 day(s) ago
| | | |
9 | 4 day(s) ago
| |
|
Homepage 
Financial
Forum 
Credit 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
