 What other things might stop me from obtaining a credit card? |
I'm both upset and confused.
My credit score isn't bad.
I've not lost a days work in 8 years.
I'm pensioned from the military.
I own my own home.
I can... |
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 My friend just turned 18 and wants to know how to get her own credit. how can she get her own credit? |
she wants to know how to get her own credit so she can get a new/used car and credit cards and such.
Additional Details
besides just getting a job ... |
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 Can Creditor remove derogatory information from credit report if you make a deal with them to pay the balance? |
| I have an old balance not payed on an acount listed on my credit report. I'm willing to pay it only if the creditor will totally remove the derogatory information from my report. Is this even ... |
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 How can i build up credit? can i get a credit card? |
| i started my credit with my cellphone but i've only had it for 6 months now and me and my husband are looking forward to buy a house but no one won't even rent us an apartment i was ... |
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 I have no credit and want a credit card but don't want to have to prepay for one. Know of one who'll accept me |
| I've tried capital one and they didn't approve me. I tried orchard bank and they wanted me to prepay for one. I don't want to do that. Know of one that will approve me and is actually ... |
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 How do I stop my mom from giving me bad credit? |
| She's been using my ssn to open accounts, and I don't think she's been paying any of the bills! I just got a letter from Sprint(in my name) and I remember we had Sprint a while back, ... |
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 Should i get my daughter a a visa card? |
| my daughter receives an allowance of ten dollars every 15 days and she either cant keep track of it or spends it as soon as she gets it. this happened with my other daughter so i got her a visa card ... |
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 What decision do I do with a money decision? |
| I am getting a good deal of money soon and I want to put it on a credit card bill and get rid of that bill and it would illiminate a 50 charge of interest a month. My fiancee' wants me to pay ... |
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 Is a walmart credit card a good stepping stone to getting a regular credit card? |
Hi, My husband are trying to build our credit score, we've always paid all of our bills on time and he has a good paying job (three years) we have no debts and 4,000 in savings
and we were ... |
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| A friend of mine unfairly denied sale. who is at fault? |
| my friend went to buy something from a shop. He then handed over his credit card for payment. The cashier questioned him that the card isn't signed in the back, so he cannot accept credit card. ... |
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 What do you do when someone stole my social security number and used it to get loan in my name? |
How do I go about in getting that off my credit record and not having to pay for that loan.
Additional Details
Well this happen like 5 years back I just noticed it on my record... does ... |
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| How badly will one missed cell phone payment affect my credit? |
| Paying my phone bill completely slipped my mind last month... Will I suffer for it?... |
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 I owe about 13000 in credit card debt. I earn about 300 a week and my rent is 600. Should i declare bankruptcy |
| Hi. I have owed my creditors money for 6 months. I owe about 13000 and my monthly rent is 600. I have a total of 9 creditors. Two of them, CHASE and Bank of America, have offered to forgive about 3000... |
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David L | Question about credit card debt? |
Like many Americans these days I am having trouble paying my credit card debt.
The balance is $8,000 and I am having trouble making the monthly payments.
What is the best course of action here? Should I make arangments with the company currently? Or is it better to let it go to collections and try and make some kind of lump sum deal?
Also, will I get sued if I do not pay? If so when? |
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CoachT
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1) Do not go to collection if you can avoid that. Collection causes a serious ding on your credit report that is hard to get rid of.
2) Yes, they can (and for $8000 will) sue you.
What you need is a financial advisor to look at your specific situation and find solutions. There is always a solution. Your banker can probably refer you to a good one and many are free services. Contact your local United Way and see if they have a community service listed that does this.
Some things you can do:
1) stop using your cards
2) calculate the minimum monthly interest payment on the card(s) and make sure that you pay that amount every month without fail. Otherwise you have an increasing balance. Interest alone (at credit card rates) on $8000 will be around $200 per month. Proactively avoid late fees.
3) determine what period of time you want that balance paid down and get on a plan to pay of the principal. 2 years would be $333 per month (in addition to the interest).
4) contact the issuer and tell them what you're doing. They may offer you a deal. For some reason they don't use logic - if you can't make the $200 payment, you can't pay them $5000 either - but they'll offer. Ask them to knock off 10% of the interest rate (if it's already defaulted to the 30+ rate) as long as you make payments. That'll save you about $800 per year.
5) see if you can get a loan (not credit card) to pay off the card(s) and lock in a flat interest rate over a period (about 5 years). This won't be easy.
If you decide that defaulting is your only option - see a bankruptcy attorney first. |
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Scott L
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It depends on the card. Most will, some will do it sooner. Some as soon as 3-6 months after you default. Store cards in particular sue. You need to generate more income to get the payments down. get a part time job and put all of it into your payments. in a couple of months you'll be able to quit and manage it better. |
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mos p
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Consolidation is the best solution available to the credit cardholders to improve their future credit. People go for debt consolidation for many reasons: prolonging the loan period from 5 - 15 years and reducing the interest rate. Consolidation allows you to go for a loan with lower interest rate than the one you are currently paying. Besides it simplifies the loan repayment as you are paying only one lender in place of various payments to different lenders.
http://debt-trap.com/category/Credit-Card-Debt-Consolidation.html |
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Filinegro
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I would look into a Credit Counseling program to reduce your interest rates, if that's out of the realm of what you can afford, enroll into a settlement program. |
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jrtheboss645
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Try and borrow money from a friend or relative. Just a couple thousand will lower your monthly a good bit. Whatever you do, do not let it go into collections. It will stay on your credit report for 7 years and you won't be able to get any credit then. I don't know if they will sue you or not. I don't think so.
Maybe also try to get a loan or another credit card where you can transfer the balance for 0%. There are a lot of cards like this out there. |
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Prof. Science
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dont EVER let it go to collection. keep up the payments, get a second job. it may take a year for you to be back in the black but it's the only way to keep some kind of credit rating. |
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Jennifer
 |
Hi,
I used "Credit Solution" to settle my debt and improve my credit score.They managed to reduce my debt up to 58% .It's legitimate.I came across this company on NBC News Special Edition.Check it out here:
http://nanoref.com/linksynerg/cjY_5g |
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LD Debt Relief
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I'm in debt management and one thing you can do is call the credit card company and tell them that you are having trouble making the payments and ask about getting onto an internal program. This program usually is for a short period. They'll lower the interest to zero once in awhile. But it's only for a short time. The other thing you can do is get onto a debt management program once you feel or are starting to miss payments. This will help you pay off the debt in 4-5 years. |
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Dave87gn
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yes, call them immediatly and tell them you are going to default on the balance, and tell them you can afford to pay $200 a month as long as they stop compounding interest. If they say "we cant do that" tell them you will default on the entire balance, then stop paying....when they call you for payment, telll them you are having trouble and repeat your offer |
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