 What would u do if u found a $1000 on a street? |
look for owner?
keep it?
spend it on what? urslef? someone homeless?... |
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 Help...PLZ!!!? |
| My dad bought me a Jacket last week from Wal-Mart store by ( not sure Cedit/Dept Card), and i found it too big, I can't wear it and now my dad is in another country for a business. If i return ... |
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 OMG I can't pay this.? |
| I just got my Visa bill and it is over 800.00, I bought some stuff recently and it bumped up my minimum monthy payment wayyyyy toooo much, Oh my god-I cannot pay them 800 a month. Do I call them? W... |
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 Credit card question? |
| Ok,i bought my game console with my credit card.The thing is,that console is now doesn't work as it should and i'm thinking of getting a replacement from the shop where i bought it...my ... |
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| Okay, I'm going to get my financial aid in a few weeks. (2 grand) I'm planning on using all that money to pay off some of my debts, but I'm not sure which is a smarter thing to do. S... |
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| I work but, don't have that much money to pay it off. Can I do a payment plan or something? I don't have any assets except for my car and I've heard of creditors being able to seize ... |
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| i'm doing a fundraiser by selling cookies for my school. I realized after i got the check that i wasn't aloud to receive checks. so i need to know if i can cash this check which is made out ... |
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| Having NO credit is just as bad as having BAD credit? |
| I currently have no credit and can never get approved for anything. There are somethings I would like to do, but first i need to build up my credit but i can never get a chance b/c im always denied. W... |
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| I'm looking for a credit card I can get. I guess either my credit is bad or I don't really have much credit. I already tried for ones from HSBC Nevada bank. Any others I can try for. I ... |
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 Credit card debt advice please? |
| I am in $4000 credit card debt. I am planning a budget, but keep on changing my mind about what to do. Should I pay minimum payment On the cards and save as well so that if I end up out of a job ... |
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 Sued by debt collector? |
| I owe $3300 from a mastercard that has been bought out by a collection agency. They said if I don't pay a reduced amount of $2500 by next week they will put a freeze on the account and that ... |
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 Bank of america raised my interest to 32% what can I do? |
| options when a credit card company raises rate that is very ... |
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 If my roommate moved and debt collectors keep calling for him, can they keep calling after I say he's moved? |
| I tell the collectors that he doesn't live here anymore, and they tell me that they will call me tomorrow. This has been going on for over a week. Is there any legal action I can take? These ... |
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 Is it a good idea to get my first credit card to get myself a good credit rating? |
I'm twenty and have never had credit. I'm very sensible with my money and have a steady full-time job. What do you think?
Additional Details
If I were to max out the card and ... |
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 My Husband wants a motorcycle..We have ok credit..Where can I get a loan? |
| My H wants a motorcycle and our anniversary is coming up. We have fair credit and own our home with mortgage, we own our vehicles no payments on either. We make approximately 45K annually between the ... |
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 Money Question................? |
If i get £10 every week for 8 months, how much will i get in total at the end of 8 months?
J... |
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sun24moon | Is it a waste of money to send LESS than the minimum payment on a credit card? |
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CC
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NEVER send less than minimum unless you have so much money in the bank and don't care about your credit. If anything send $1.00 more and never be late on a payment. Credit will be with you all your lifetime and it is a priviledge and one you should guard with your life.
If you send less, they will hit you with a late payment and negative reporting at the credit bureau. NOT GOOD! If you don't have enough to make the minimum I suggest you cut the card in half right now, send it back to the creditor with a letter stating that you are cancelling the card at the consumers request and start living with what you have.
Don't let your credit score go down. Like I tell my children.....live like a college student for awhile and then you will feel rich again. |
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ra63
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It certainly is - you can get a penalty charge for that. |
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angrycroak555
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yes cause they will charge you for not paying the minimum |
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normobrian
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When you pay less than the minimum, you haven't paid at all in their eyes. You'll get a $35 late fee every month and your interest rate will go to 29% or more. That's why it's called a 'minimum payment'. |
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the d
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well yes, but no,
more like yes though, THey ll still charge you a late fee more than likely and will also more than likely charge you a default APR,
If i were you I'd call up your credit card company, ask directly from the beggining to speak with the supervisor, tell them that your in a bind and that you cannot pay the full min. payment and if this month you could pay like half of the min. payment without a late payment fee.
Sometimnes they'll work with ya, sometimes not. |
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Nancy O
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It is a waste of money to not pay the balance in full every month. |
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glitzyglitter01
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Yes. If you pay less than the minimum payment, it lowers your credit score. If the Credit Card company sees that you can at least make the minimum & that you do it on time, that counts for a lot.
If you are having troubles tracking your personal/business financing, there are computer programs **Quicken/QuickBooks** that help.
I prefer Quickbooks, but Quicken is virtually the same but less in depth. |
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Together
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No they have to at least apply it, but some credit companies charge you a fee for it. Call ahead and tell them, and ask them if there is a fee. If it will cost you more than a missed payment, just miss the payment. |
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T J
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Yes, you will get penalties. For that matter, it's a waste of money to only send the minimum payment. When all is said and done, you will have spent from 3 to 5 times the original cost of an item.
You get a store credit card at 22% interest rate, buy a TV for $900, and pay the minimum, by the time you're done you may have spent $3000 to $5000 for that $900 TV. |
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kelly
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yes, because the service charge will be more than what you are sending if it is less than minimum payment |
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jimmyjohn
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Yes, because the credit company will srtill charge you a late fee, and they will start calling you to try to get you to commit to paying more. They also may cloase your account. If the minimum payment isn't paid within 30 days after it's due, they could report you as delinquesnt with the credit reporting agencies. Some cards have a system where if you are late on another card, they can impose the default interest reate on their card (23.99 to 33%).
You are better off tackling the problem head-on and calling the credit card company. They will work with you, especially if your situation is temporary. Then, you are still in good graces with them.
Either way it's a warning sign to them, and should be to you also.
Please check out this non-profit financial education website that doesn't sell anything and is strictly confidential. Take the first part of their bankruptcy training (even though you do not plan to go bankrupt), and use anb annonymous name. The results are a analysis of your overall financial situation and the various alternatives to solve the problem. The alternatives discuss the pros and cons of each choice:
www.hummingbirdcreditcounseling.org
If your credit is going to go into the topilet anyway, one method would be to stop paying them. Eventually, they will offer to settle for 40-60% of the balance, but when you settle with them, they want cash either all at once or within a few months.
Check out the website. It is very informative and there is no alterior motive other than credit/debt education.
Good luck & best wishes! |
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Barry auh2o
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How important is your credit rating?? |
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Stunt M
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mabe |
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Lady Ice
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Yes it is. |
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