 What happens when a collection agency fails to collect the money that is owed on behalf of the creditor? |
| I have some credit card debt that went to a collection agency and I don't have the money to pay at this time. They know this too.Their settlement options were outrageous and the representative ... |
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 Is it safe to associate my credit card with paypal? |
| Have anybody did this before? Any bad/good thing occured please give your ... |
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 What credit card is best for me? |
| I am a 21 year old Junior In college with little credit. I have less than 15000 in school loans. Do i want cash back, points? I know of ppl that were late and thier interest shot through the roof?... |
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 If I do a balance transfer to just one credit card from 2 will it hurt my credit? |
| I recently got 3 low balance high interest rate cards. I got approved for $750 recently which was the highest and it has 0% for 12 months. Obviously I want to do a balance transfer but I am afraid ... |
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 What is the best Credit card? |
| What is the best Credit card offer out there for someone with good credit & pay history. I'm looking for something with low fixed interest and a points reward system... recommendations?... |
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 A cr. card company suing us in small claims court for a debt that is not on our credit report? Can they win? |
Additional Details
My fiance' doesn't even know if this is his debt? Since it is not on his report- how can we know? How could the collector prove that? I mean, it is pretty ... |
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 What's a good credit card for a 21 year old? |
I'm 21, and looking to build credit.
I'd like to apply for a card today, but first I thought I'd ask all of you which cards you would suggest for me. What's a good, reliable ... |
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 Does having too many credit cards have a negative affect on your credit score? |
| I have 2 major credit cards (one visa, and one mastercard), 1 debit card with the mastercard logo (I'm not sure if it's techinically a credit card, I don't think it is), and 3 credit ... |
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 I'm being charged a late fee on my credit card. Is this even a reason to be charged? Any advise? |
| I'm being charge a late fee of $40 for nothing!! I owed $27 for the month but after I returned something and got the credit on the card the balance was $1.06. I sent it on time and everything ... |
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 I need Help!! I have bad debt!? |
| I would llike to obtalin a loan to pay off all of my debt an no lender is willing to give me a chance. When I first turned 18 years old i was careless ran my credit cards and uitility bills up and ... |
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 I have claimed back bank charges from my bank? |
| i have claimed back bank charges from my bank,totalling £1250 and they have sent me a letter offering me £725 as a gesture of goodwill that they will credit to my account if i accept it.However i ... |
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 What is the best way to build ur credit score? |
| I have minor stuff in collection and ive been told that it doesnt effect me much. should i pay it off? would that improve my credit score after its been in collection?... |
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 I have not so good credit my credit score is 593 and I want a credit card for the holidays? |
| Is there anything I can do to get a guareented credit card or a company that is willing to offer one to someone with my score... my credit report only has medical bills and 1 $50.00 blockbuster thing ... |
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 I am thinking about cancelling some of my credit cards, will that affect my credit? |
| i have a couple of cards, but am thinking about cancelling one or two, both of them are paid off. will that affect my credit in any way? my score is already at a low 568. i am trying to increase it.... |
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 Still on collection report after 7 year period (1999)? |
Ok.. was reviewing my credit reports and found numerous debts that are passed the "7 year mark", however they still appear on all 3 CRA (Equifax,Experian and Transunion).
What is the ... |
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 Is it true that when you marry someone you both have the same credit score? |
| Okay.. I have worked really hard to get my credit right. The guy i'm about to marry has bad bad credit. Is it true that when we get married, I'll also have bad credit , the same credit that ... |
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 Does it wreck you credit score to switch from one 0APR credit card to another when 0% runs out? |
| i.e. have your balance transferred from one 0% APR to another 0% APR card and then closing the first card out.... |
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Chris | What happens if you dont pay the minimum payment amount (or nothing at all) on a credit card? |
(dont worry, i'm not planning to do it, but I'm just curious as it doesnt say what will happen.......aside from bad credit) |
 |
 
neek
 |
If you fail to make the mininum payment or the payment all together the consequences varies from creditor to creditor depending on who you are dealing with. For the most part you will be charged a high late fee or fee for lack of payment and you APR will go up which means that you will have to pay back even more than what you already own then in regular fees and finance charges. Also this information of lack of payment will be sent to the credit bureau's and it will lower your credit score which means any other time you try to get a credit card you will have to pay high fees and when you make a purchase and they run your credit they may charge you more to have the card. Also when making large purchases like houses or cars or taking out loans in the future you may be turned down due to lack of a qualifying credit score. If it can be avoided at all I would do whatever possible to make sure you make at least the minimum payment if not pay the balance every time you get your statement. Hope this is helpful :) |
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bryan l
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Hell.
well first off they will get you for 39 bucks, then wait 30 days ding on your credit after that keeps getting worse. then say hello to high interest rates. |
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mamanook
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Credit card companies are blood-suckers, and they will charge you anywhere from $25.00 to $35.00 for each and every late or missed payment. They LOVE it when people send in their payments late- that's where they make their money. |
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bdancer222
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Depends on which credit card, but I heard some send Vito and the boys over to make you an offer you can't refuse. |
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Judy1
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For one month - they'll hit you with late fees. Longer, and they'll report it to the credit bureaus, tack on more fees, and at some point will shut down your card. |
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pearlsoutherngirl
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If you don't pay minimum you pay double your minimum next payment plus more int rest . |
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rtharp8
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you will go into default and they can ask for the whole unpaid balance. |
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Alterfemego
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Well isn't that enough, bad credit report? Hey Gregg told me I don't know anything, but I'm here to answer your question anyway!
If you miss a payment, it might be a big deal, the CC company could change your rate, freeze your account balance, or nothing. Depends on their policies. |
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Say What?
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Higher interest, bad credit, collectors,etc. |
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J S
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normal you will have to pay missed payment plus late fee and apr will go to max allowed |
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qualitygal41
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IF you do not pay they will start calling you incesstantly, and then the stress will start. Word of thumb if you can't pay it, do not get it. Been there and done that. |
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