 How can teens protect their credit before they have a credit card.? |
| im a teen, i dont have a credit card, and i dont plan on getting one, except to establish credit so i can buy a car and such....i have a checking account that i keep up with....but what are some ways ... |
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 How can i get a loan with bad credit? |
| I need 4000 by december. The problem is i owe my school and outstanding balance of 4600! My student loans have been deferred until January..so this loan would only be for a month max ...as my student ... |
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 Credit Card for 18 year old? |
| Hi, i am an 18 year old senior in high school. I would like to start building my credit by applying a secured credit card at the bank. I have saved up to $1200 right now from my under the table job. D... |
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 Does anyone knows if my credit score will be affected if I don't pay my cell phone bill ? ... ever. Thank you |
| My company is charging me an amount I know it's not accurate ( but It has happened before and I always ended up paying for it, but this time I'm not willing to pay for it since I was ... |
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 Having too many credit cards will hurt your credit score? |
My friend told me that having too many credt cards will hurt my credit score. Isn't true
I have about 35 credit cards and most of them are applied through invitation. I pay my due ... |
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 How does bank make profit on credit cards? |
| Lot of banks are issuing free credit cards. How do these banks make profit by giving free credit cards. If we purchase something in credit card, the bank has to pay the money to the vendors and we ... |
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 I have a bill for $379 and a credit collection agency is sending letters. What will they do If I cant pay it? |
| I am struggling just to make rent and I have two jobs, this is a bill from an auto insurance company, I don't know what they will do. Any ideas of what can happen to me?... |
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 Has anyone used a legit credit repair company? |
I have tried to dispute items on my credit report and haven’t had much luck.
I have late payments, bad debts, and I have no good credit. Please give me links so I can research the ... |
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 How long do negative occurences stay on your credit report? |
| I mismanaged my finances back in 2001 and 2002. Now I'm fine. But I applied to a job that did a check on my credit report and they said there were some "negative things" on it so I ... |
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 What is the best way to stop credit card collections from calling?? |
| Although I do have some late fees, my credit card company continues to call more than 5 or 6 times in a day. This is ridiculous. Is there any way that I can have them stop this practice that will ... |
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 When a collection agency calls and ask you to pay the entire amount owed on a debt. Can I make payments? |
| My husband is on dissability and I can only make small payments. The lady who called was very nasty and very mean. Made fun of our income. so I told her I would send twenty dollars a month. Not ... |
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 Why is it that when you use a credit card sometimes you have to sign and sometimes you don't? |
| The gas station never requires a signature. The grocery store or retail store usually does. Even if the amounts are the same. Who determines when you need to sign, and when you don't?... |
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 I can't pay some of my credit cards anymore starting next month, what can they do to me? |
| I have depleted my savings that has supplimented my meager 600 a month take home pay. I have payed my cards for years with no problems but my life turned around completely a year ago and I have been ... |
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 When a creditor takes money from a bank account when the debt is already paid, how do you get that back? |
My husband had an outstanding credit card debt, that a creditor filed against our tax returns for, for the last several years.
A few months ago, a different collector bought the debt, and ... |
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 Does anyone know of any companies in uk that give mobiloe phone contracts to people with bad credit?? |
Additional Details
Ummm why do people assume things? I need this for a purpose not to show off with my mates!... |
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 About credit card debt. I have 5 major credit cards. I only owe 50.00 on one but much more on others.? |
| I know I should pay off the high interest rated ones first but since I only owe 50.00 on one that has a medium interest rate shouldn't I pay that off and close it leaving my card total down to 4?... |
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Tim J | What happens if you don't pay your creidt card debt? |
I am sitting her sick and tired of paying this ******* and getting charged 30 percent intrest I have 20k that i owe to credit cards AND my payments are like 650 bucks a month and that fu"kin puts like 10 bucks total twards the balance. I did not pay last month at all and they call every day, i changed my phone number ect. I have been paying this rate for 3 years and they will not help me so f-them. My credit was crap anyhow. I figure i paid them what i borrowed anyhow. |
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peilthetraveler
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actually putting 650 per month towards 20k @ 30% interest pays 150 per month off the balance. It will take 5 years to pay off the balance @ 650 per month assuming you stop using the card. Right now there is a serious problem with Credit in this country. America is on the verge of bankruptcy as you see the government has been injecting lots of money to keep some of these companies from collapsing. China just gave 5 billion dollars to morgan stanley. The arabs just gave 7.5 billion to Citibank. America is being sold off peice by piece right now because people wont pay your bills like they promised. Do the right thing and live up to the contract that you SIGNED with YOUR family name and keep your honor. |
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TaxGurl
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If you don't pay, the following can happen:
1. Your credit rating gets trashed to the point where you will not be able to get credit or a loan in the future.
2. They will turn it over to collection people who will be a pain in the a$$ to deal with.
3. They can sue you. If they win a judgment, they can garnish your wages.
If this company absolutely will not cut you a break on the interest rate, I would recommend finding a card where you can transfer the balance at a lower rate. If your credit rating/high balances eliminates that option, talk to your bank about a personal loan. If that isn't an option, contact a debt relief/credit counseling service (a legit one---watch out for the scams.)
Is there any possible way you can bring in more money to help pay this down? If you ignore it, the interest and fees will just continue to grow. You really need to convince them to freeze the account and help you work out a payment plan.
The absolute last option is filing for bankruptcy. This will cost you a lawyer fee. If you have absolutely no means to repay the debt, you can file Chapter 7 which will wipe out the debt. If the judge decides that you can handle a repayment plan, you will file Chapter 13 and the creditors will not be able to add on additional interest and fees at that point. |
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ADG
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Unfortunately, you signed up for that credit and now you are responsible for paying it. You haven't paid back what you borrowed until you pay it all off.
Your credit will continue to be crap with that kind of attitude. Why not take responsibility for your actions? The reason you probably are only getting "10 bucks toward the balance" is because your probably making your payments late or missing payments.
if you don't pay, then your credit will just continue to get worse and worse. In addition the creditor could get a judgment on what you owe and attach it to your house or other real property. In addition if they get a judgment, they could garnish your wages.
Why not call the credit company and explain your situation. That you just can not pay and make an agreement with them. Ask if you can make a weekly/bi weekly or monthly minimum payment and in the meantime ask them to stop accruing interest. Many companies will do this, you just have to "man up" and make the call.
Its not their reposibility to help you, you have to do this on your own. |
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John M
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With respect, you should pay the debt that you incurred. I am responsible and pay off my credit cards monthly. It's part of my overall plan for wealth. It's really about integrity. You incurred the debt; you should pay your debt.
You accepted the terms of the credit card issuer. The issuer isn't lending you money for free. You do understand that; don't you? It's a loan!!!
Perhaps, you should talk to a debt counselor and get some help to negotiate with the credit card issuers to get a better interest rate. That is possible. But, if you declare bankruptcy, that will be with you for years and years and years. |
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v b
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You get sued.
They get a judgement.
They try to take your bank balance and garnish your wages.
What possessed you to borrow $20K in the first place? |
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Ruth
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Is it an unsecured loan? Or can they take your car, house or boat?
To get rid of credit cards we took out a personal loan, not a credit card. With a fixed rate. Paid them all off and made payments. Other wise you never get them paid off.
Credit cards are just to easy to run up. Cut them up. |
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breenahgail
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go to a credit consolidating company so they can put all debts together and you only pay one interest rate |
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SPIFIMAN1
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You should call Consumer Credit Counseling Services at 1-800-388-2227 they are the largest credit counseling service in the nation and are non profit.
You can not run from this large a debt, they will sue you, get a judgment and then they can attach bank accounts, garnish wages (if your State allows it) and file liens on any property you may own like cars, boats, land and homes.
This will all show on your credit for the next 7-years making it very hard to get any other types of loans without paying massive down payments, huge fees and State maximum interest rates. |
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Rudy
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Go bankrupt... then they cant get you... |
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shacker2762
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The credit card company can sue you to get their money back. They'll do it, too. They didn't get to be billion dollar organizations by letting folks get away from paying up. In fact, you are a prized posession to them - someone who's going to pay for a LONG time. Someone who pays their bills on time isn't really a friend to the CC company but they get peace of mind and a good credit score in return.
You may figured you paid them but they're figuring you haven't. You really HAVE to pay the bill unless you file bankruptcy. Even that's getting tough to do. The problem with bankruptcy is that you have to state it on EVERY credit application you fill out in the future - there's always that question, "have you ever filed for bankruptcy". The other problem with bankruptcy is that you CANNOT file file for another seven years or so and if you rack up bills again, you're on the hook. Bankruptcy comes in a couple of varieties - one where you take inventory of all your valuables (car, big screen, guitar, etc) and it's sold and the proceeds go towards those you owe. Once the stuff runs out, you're done and off the hook. The other kind let's you keep the car and home (if you have one) but you'll come up with a payment plan to pay back your creditors. They'll forgive parts of the amount you owe. Both methods will kill your credit.
Given that you don't seem to care about the credit score, bankruptcy may be the way out for you. Having a trashed credit score is also very bad since it hinders you from getting a loan for a home and car, getting an apartment (since management companies look at the score), getting decent insurance rates (insurance companies now look at credit ratings). |
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killa
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go to the hospital and find someone that is nearing the end, offer to buy their identity, and start over |
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