 I am being sued by a credit card company for about $2,200 but can't afford to pay them. What should I do? |
| I have a court date on the 14th of this month. I thought they would just write this amount off but was served with court papers today. Any suggestions or advice would be greatly appreciated... THANKS!... |
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 Most useful advice you've ever learned about $$$? |
This question is to fokes young and old, so please anwser? Thank you!
Additional Details
I, personally think the most useful advice i have ever learned about money was to alway balance ... |
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 Where can I get a loan with bad credit and no home to secure the loan? |
| My credit is in bad shape due to the marriage I was in, dose any one out their know any way to get a loan with poor credit and no home to secure the loan. I want to start a new life and get my ... |
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 How the heck do I get out of debt??!!!? |
| I don't know what to do! Any sugestions would help!... |
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 A debt collector called today about a debt included in a bankruptcy 10 years ago. What do I need to do? |
| The collector called when I wasn't home. He answered my husbands questions about what he was calling about. They want me to call back and give the discharge # and lawyer's name. Can I be ... |
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 What helps your credit score more? |
| Paying off collections, or opening a new line of credit? I have medical bills in collections ... but qualify for a credit card. Obviously both would help the best, but it will take me a while to ... |
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 Is it possible to talk to my bank and ask for a lower payment in order to avoid foreclosure ?/? |
what are the odds of my bank giving me a lower payment in order to avoid going into default ??
My payments are $3100 per month, MY retirement is only $2000 per month , the money that I ... |
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 Can i use my Dad's credit card? |
| Ok so im going to be buying a cell phone (i already have one, but i want a new one). My dad gave me his credit card to do so, as i dont want to use bills to pay for a 300$+ phone, a cc is a whole lot ... |
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 I owe 6000.00 on my American Express Credit card and I dont have a dime to pay on it.? |
| I havent made a payment in 3 months and I dont know what to do because the money is not there to pay it. Please help. I am desperate. They are calling me like crazy and I need to know what is going ... |
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 How can I get credit when no one will approve me for anything? |
| I can't get any loans or credit cards or anything due to lack of credit. I put down a $300 deposit on my cell phone but come to find out they don't even report good payment.... |
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 English grammar problem, pls help.? |
Currently, I am attached to a bank as an credit analyst
or should it be..
Currently, i am attaching to a bank as an credit analyst
which 1 is correct or both of them ... |
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 Can loan companies etc actually see your credit record? |
| Or are they only given your credit score? I know I can view my whole credit record online, but can companies you are applying for credit with do the same? Can they find out how much you owe other ... |
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 A collection agency is threatrening to sue me over 200.00 will they sue over such a small amount? |
| i really cant pay this debt right now and i always thought they wouldnt sue over such a small amount. but they are threatening to.... |
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 Bank of american took my visa card and i allways pay my bill is this fare? |
| ill allways paid my bank of american visa on time and in advance now there takeing my card is this fare?... |
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 What happens to you, when you quit paying your credit cards?? |
| Hi everyone. Im 19 going on 20, and I have 14 credit cards. For a long time my ex boyfriend was paying the minimums each month and now that we have been broken up for a long time, he no longer ... |
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 When you cancel a credit card do you need to have it paid off first? |
| I have a couple too many credit cards and I'm having difficulty keeping on top of the bills for them. If I want to cancel a couple of them do I need to have the balance paid off first or can I ... |
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maverick | My boyfriend and i borrowed £1000 off his stepfather last month? |
my boyfriend borrowed £1000 off his stepfather last month, it was put on his credit card, he owes nothing on this credit card except the£1000 we borrowed. he is now saying the interest for the one month is£100 is this correct? are there credit cards out there that charge this much interest each month? |
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mister ed
 |
yes it could have been worst -=- get popping and pay him back!!!! |
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juology
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Ask if you can see the statement so you can pay it off and check. Don't be disrespectful as he has helped you, you could always ask him to explain how it works.
if he took it out in cash then the interest is charged from day one. |
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Marky
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£100 on £1000 for one month is excessive.
A hig amount would be 20%pa which is £200 per year or £17 per month.
The figures are a bit off somewhere. |
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DAVID S
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Transfer this amount to a card offering minimum 12 months interest free credit. There would be a transfer charge charge of usually 3%- £30. but thereafter you have 12 months to repay without incurring any interest. |
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WENDEL HOMES
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Credit is always expensive especially for the cash up front.
Also remember that even when you pay it back the bank will still charge for interest on the final month which you will have to pay.
Robbing lot aren't they!!! always coming up with another load of stunts to pull over the eyes of the many MUGS out there, best way to beat then is leave them to rot in their own festering pools of dirty tricks and cut up your card and curb your spends.
Never discard those bits of paper they send out with the bills cos' ten to one they have a new set of tricks that they hope you the MUG will overlook till its too late, things like an interductionary annual fee for not using the card £30.00
No two Cards are alike no two Banks are alike but MUGS are all the same born one EVERY minute on the dot.
Since I've retired and paid up all my cards I find I'm well off out of it by as much as £85.00 quid a month and thats just the interest I was paying.
Time was when you had a max 3 years to pay back if you curbed purchases, now some penalise you for not spending.
RIP THEM UP DO YOURSELVES A FAVOUR. |
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Northern Lad
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He can charge what he wants, You have nothing in writing. |
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Oh Boy!
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I would bet the minimum payment is 100 while the interest charged is somewhat less than that but remember that he's GOT to make the minimum payment. That being the case, cough up the 100. |
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Joe L
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HI. Im not sure but it does sound a lot. You know what type of man his stepfather is, would he pull a fast one? Maybe you should ask to see the bill. If you need to be tactfull you could say you were worried about his future credit rating and want to check it with the bank for him to make sure he isnt paying that much interest in future?
Try never to borrow money. Especially off family. But you will pay it back, its not worth the years of family rifts. We lent my husbands son some money. He never paid it back and was too embarressed to come to our wedding. Shame. |
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Drop the phone
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If they are really really crappy creditcards for desperate people, yeah; it i possible. |
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simplesimon
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If this is interest alone, on £1000 balance, that is too high. But surely he can prove one way or another with a statment?
£100 could be the amount he reasonably wants from you though - particularly if a) he has to meet the minimum repayment (reasonably 10%), or perhaps b) you got this out as cash - so there will be an additional fee.
It all depends on what you agreed with said stepdad. On the one hand, you are stuck with no agreement - as its down to what he says. On the other though, so is he, as its down to what you pay. I would take this opportunity to agree exactly what you will be liable for, and how this will be evidenced.
I would hope that as this is family nobody is trying to screw anyone?
Not wanting to sound preechy, but this sounds like a pretty dodgy arrangement - and when you are having to rely on this sort of arrangement to borrow money (which even on your own credit card is a bad idea) then you should expect a high interest rate! |
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botygy
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Some cards have a cash advance fee in addition to the interest. That's usually a one-time charge. |
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The silent pen
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Your on to a looser. Switch |
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bobby d
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NO!!! Do you realize that 100 interest per month on a 1000 loan is approximately 120% APR (you'd pay 1200 in interest in a year on the 1000 loan). A 10 % APR would be approximately 100/12 per month or about 9 per month. |
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AnswerHelper
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what does that "E" thing mean? you mean a "$"dollar sign? |
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