 Paying off debt...? |
| So here is the deal. my fiance and i have a baby due jan 6th, 2008. we would like to try and pay off as much of our debt before then as we can but we need to decide what order to pay things off in ... |
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 How rude can a collection agency be when contacting a debtor's employer? |
| I answer the phones at my work and get a lot of collection calls for one of our drivers. They never say they're a collection agency, but it's mighty obvious when they accuse me of lying ... |
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 What do I do if someone owes me money and does not want to pay me back? |
Do I need to get a lawyer or collections agent? Please help.
Additional Details
The amount is $15,000 and the only proof is the check that she deposited. Is there a type of attorney ... |
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 Loan application- have u done this?? |
| Have any of u ever applied for a loan and get back a letter saying ur application has been approved- and that u need to send a brokers fee of £49 to process it??- Is this a con where they get your £... |
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 How long does it take to get "good credit"? |
| i got my first credit card, and in order to get credit cards from other stores you have to have a credit file. how long will it take before i develop a credit file?... |
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 My credit sucks cuz of uninsured medical debt. If put on mothers credit card will it affect her credit score? |
| Basically I went into the hospital 2 years ago and I didn't have a job. I left after 2 days with about 14,000 in debt. Besides some unpaid tuition this is all the debt that I owe, doctors, ... |
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 How do I improve my credit score? |
| My credit score is 420. I have a few different things on my credit report like medical bills one credit card which i settled. But I also have a car loan which I have paid on time every month since i ... |
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 Can anyone help lead me in the right direction to help me get my credit back ? Without filing banruptcy.? |
| I have had some problems in the past when i could not pay my bills 3 years in a row to be exact. I am employed now with a good job but im so far behind it looks as if i will never catch up .There are ... |
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 If I have a cosigner, whose report does it go on? |
I'm 17, and My dad was going to sign a credit card for me, but now he won't do it because he thinks it'll just go on his credit report and it won't help mine.
C... |
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 I co-signed on a car loan, it is not getting paid, how bad is it going to be on my credit if I don't pay it? |
| two and a half years ago, I cosigned on a car loan for my wife....she left a couple of years ago, we divorced, she now won't pay for her car because she won't work. How bad will it be on ... |
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 Credit card solution for me? |
I have a lot of credit card debt. I have 3 cards total.
Card 1: Limit is $3460, carrying $3200 with 28.99% (because I defaulted last year and I am slowly taking care of the minimum ... |
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 Is god different than jesus? |
| If god=jesus,then who made the Earth before Jesus was born?... |
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 Getting back credit card charges? |
My credit card just defaulted, and they company are being pretty awful to me. I am a student and genuinely cannot afford to pay the large sums of money that they are expecting me to pay back.
I ... |
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 I got the credit card, but when I took it to the bank,they said that they havent seen such a card yet,help me? |
Additional Details
This card was sent throught Microsoft Lottery to me. There is even written my name and Global Quick Cash. but they are asking me a huge amount of money in order to ... |
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 Should I cancel my credit card? |
| Somebody stole my credit card but I don't want to cancel it because he spends a lot less money than my wife does.... |
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 Who is responsible for these credit card bills? |
| My daughter-in-law just left on a trip with the children. She left my son with a note telling him about $75,000 of credit card debt that she has run up during their marriage. He had absolutely no ... |
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Mappy~Jazz | What are the benefits of transferring credit card balances to new credit cards? |
any advice for me?
Additional Details
have you done this, was it a good thing or bad thing? |
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brady ewart
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it was very easy to find credit cards which allowed to transfer balances without any fee what so ever. These credit cards came with 0% intro APR for a specified period like 6, 12, or 15 months. This was used as a goldmine by those with large outstanding balances. They would simply transfer their balances to such credit card and get rid of existing high APR's. The 0% intro offer would then be exploited by them. Just by paying the minimum balances they would stay in the good books of credit card companies, and when the 'golden period' of0% intro APR was nearing its end, voila they shifted their huge balances to another credit card with similar offer.
So, this resulted in loss of revenue for credit card companies in terms of interest rates, but a more disastrous consequence of this process was that the credit card holder was increasingly getting into huge debts.
A major issuer of such no fee balance transfer credit cards, Morgan Stanley with their range of Discover credit cards, took strong exception and withdrew all such offers. Now they decided to take a certain percentage on balance transfers. To counteract such measure the credit card companies now have a different APR for balance transfer, this includes credit card with 0% intro APR. |
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John1980
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some of them can be intrest free for 6 maybe 12 months, |
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GMartin376
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6+ months interest free - but watch out for the transfer fee (usually a couple of %) |
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alatoruk
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interest free periods. although you do get charged a handling fee and you will pay interest on that, which can be a pain if, like barclaycard) there is a minimum amount of interest they charge. I put 900 as a balance transfer on one of their cards, the handling fee was 22.50 and the interest on that should be less than 0.50 a month, but because they charge minimum £1 ive been paying over the odds. I complained and got it refunded, although now i have put some purchases on there I will be paying more than £1 anyway. |
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KansasDragon
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The normal advantage is to get a reduced interest rate for a period of time.
The big thing is to be VERY CAREFUL. If you transfer your balance to new cards, don't keep using the old cards, and run up more and more debt, and get yourself in too deep. |
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Jeremy P
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The biggest advantage to transferring balances-- is you can save a ton of money. Depending on how BIG your balance is, you could save hundreds of dollars in interest charges by switching to a 0% APR credit card. Although you'll probably have to pay a 'balance transfer fee' of 2%-3%, it can be easily made up in your savings on interest. You can find a complete list here:
http://www.asapcreditcard.com/0-apr.html
Just keep in mind, the 0% intro doesn't last forever! At some point, you'll have to pay interest on your balances (and new charges). Make sure you don't get yourself in too deep by making new purchases you can't afford.
Hope this helps. GOOD LUCK! |
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maxhedr00m
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You get to lower your interest rate but it is a bad Idea unless you close your old card. What most people do after paying off their loans is to use the cards over again.You have to be disciplined. The real way to get out of debt is to pay off your smaller cards first and then use the money that you were using to [pay off the next highest and So on. Cutting up credit cards as you gou go. The only things you should ever buy on credit are houses and cars. |
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JB
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The disadvantage is you haven't gotten rid of the debt, you've just moved it.
The disadvantage is many people move debt to another credit card then charge up the first card.
The advantage may be a short term reduction in interest rate. The disadvantage is you end up paying longer and more. |
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e
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you don't have to pay your min. payments you can just move the $ around and screw yr credit all up :) |
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angela
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The only advantage would be if it's a lower interest rate but be careful because some cards charge a cash advance fee on transferring balances. If you do transfer your balance then be sure not to charge up the card you just transferred from or you'll end up further in debt. |
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Just William
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The only card that it is worth transferring a balance to is the More card. They do not charge a balance transfer fee and they offer an interest rate of 5.9%. However, you do need to have a very good credit rating. |
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ffordcash
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You make the credit card companies happy by giving them your money.
You keep spending and keep chinese industry going.
Benefits for you - few. |
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