 My boyfriend has little or no credit and needs a credit card What kind can he get? |
| What type of credit card can you get when you have little or no credit? He just needs to build credit. T... |
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 Would I be best off going bankrupt? |
| I owe £32,000 in credit cards and loans, my repayments are £700 a month and I am getting deeper in debt each month. I'm married with 2 kids and I take home about £1000 a month. By the way I ... |
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 I am trying to get a credit card.? |
| What is a good credit card I can apply for if my credit is not that good.... |
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 Reducing credit card debt? |
| I am on a budget, successfully last two years. Before then, we racked up nearly $9000 total in credit card debt on five cards. (home repairs, stuff). We have paid our credit cards on time, and have NO... |
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 I am 49 female looking for a home loans with fair to poor credit never own a home before? |
Additional Details
I live in s.c. and slready living in the house i want to buy and i owe 59,000. but cant used my hubby because his ex wife got a house in his name and cant support two ... |
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 I just went over-limit on my credit card - will this affect my credit score? |
i've never gone over before & never missed a payment.
Additional Details
i've already made a payment online for way more than the amount i was over.... |
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 I cosigned for a student loan but the borrower didn't use the money for school. Can I sue the person? |
| The borrower used the money for renovating the house and didn't go to school. Will I win in court if I sue the person?... |
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 What's the worst thing you can do to your credit? |
| Financial buffs, when it comes to finance, I'm an infant. I made a couple of purchases online, one at a shoe store, one at a music (instrument) store, and both were declined since I had ... |
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 Help!! I tried to order my credit report but it doesn't exist. How is this possible? |
| I just received a collection notice for a debt I definitely don't owe, but when i went to order my credit report on transunion's site, the system said it wasn't able to find my report..... |
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 How do I establish credit? |
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 How to establish credit...? |
| i turned 18 in june so i have no credit i have been working for about a year and now i wanna start establishing my credit what would be the best way?... |
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 Bankruptcy vs. paying off debt? |
| I am debating between filling bankruptcy and paying off my debt I have 12 - 15 delinquent accounts that have not received a payment (all charged off or in collections) in over two years including a ... |
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 Anybody have experience with these credit repair sites. they promise take old medical bills off your credit? |
| they promise in as little as three month to erase most of your old medical bills on your credit report. Most sites charge $100 dollar set up fee and $30 dollars a month.... |
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John S | What's a low interest rate for a credit card? |
I want to get a credit card, but I'm an unsure what a good interest rate is. Are there any credit cards that have interest rates in the single-digits? Thanks |
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Sicilian Godmother
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There are a number of credit card companies that have interest rates in the single digits, but you have to qualify for them by having a good credit rating. For beginners, credit card rates usually start around 15% but could go as high as 21%. If I were you, check with your own bank and see if they offer either a credit card or a debit card. Discuss your needs with a representative and see what would be the best choice for you. Also avoid the temptation to get a high credit limit on what you can borrow. It's always best to keep the credit limit low. That way you won't be tempted to go off the deep end in making your purchases. Once you've established good credit by either paying off your bill each month, paying your bill on time with payments you can afford if you can't pay it off and staying within your credit limits, you can begin to shop around for a lower credit rate. Good luck to you.
Edit: I had to add an edit to make a comment on It'sjustme's response. When you are paying off a debt on your credit card, you are not under any obligation to simply pay the minimum payment. She is right that if you do that, you will never be able to get rid of your debt. Take the $100 debt, she mentions. YOu may not be able to pay it off with one payment, but pay as much of it as you can. Say you give somewhere between $30 and $50. Your debt has now been reduced and the interest you pay on the reduced amount will be less than the interest you pay on the original amount. The important thing again is to keep your debt low and pay off each month as much as you can reasonably handle. |
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Zeitgeist
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This depends on the card issuer as well as your credit rating. A low can be as low as around 10% or lower and higher ones are around 18%. Also simply calling up your credit card company and asking for a lower rate often works. Even state that you have other credit cards which are offering a lower rate that is not an introductory offer. |
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Andres Rios
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Don't carry interest on your credit card, that is a road that leads straight to bankruptcy!! Get a line of credit from a bank before you start carrying balance on a credit card. Remember that if you get a loan from a bank to be able to pay of a credit card, you will save money compared to what you pay the credit card company. Try to find a card that has rewards. Like cash back or air miles. |
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Special K
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You dont want an interest rate any higher that 9%,Pay the full balance monthly if its any higher. |
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David A
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A good interest rate is 12%
you might want to go here to compare them, http://www.bestcreditrates.net |
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Rick B
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Pay it off every month, and the interest rate won't matter much. |
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encodic_max
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The possible lowest interest rate nowadays is actually 0% for a longer term like 12 months to 15 months. But it only lasts for that period of time because that's the introductory rate only. Other than the intro rate, the lowest rate possible is less than 10%. It's not good if you get higher than that. Pls visit this website, http://www.bankrate.com |
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Carter
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Hi,
Yes, there are a few. Check out http://creditcard.creditoverseer.info for some useful info and tips for finding a low interest credit card. Good luck! |
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itsjustme
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the % rate on a credit card is really irrelevant because they are all too high. 1) if you have bad or little credit history you will pay the highest int. rate no matter what, & 2) if you have a good credit history you may get low promotional interest rates but they are usually only for 6 months then it goes back up to loan shark status. you have to use credit cards with the intention of paying the balance off at end of each billing period so they can't charge you any interest at all. otherwise you can get yourself into debt in a hurry, especially if you pay the minimum payments - you will never pay it off. the credit card companies know this which is why they set the minimum payments so low.
say for instance you bought an item for $100. if you didn't pay it off at end of month 18% or $18 would be added to the balance. You would make the minimum payment which would be about $10. So now your balance is $108. Next month 18% would be added onto the $108, which would = 19.44 which totals $127.44 minus the $10 minimum payment & balance would be $ 117.44. So, for a $100 purchase, at the end of 2 months you will owe $117.44 after you have made two payments. do you see how the balance just grows and grows whether you make payments or not. it's just not worth it. |
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