 Are debt collectors allowed to call your work? |
| I tell them go away I'm at work and youre keeping me from making money, but they think they can keep calling me at my office.... |
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 How bad is it on my part if i continue to pay my mortgage late? |
| I have up to 15 days every month to pay, but i sometimes pay after . I don't mind paying the late fees, it's not an issue. How about credit wise (there is nothing that i can do right now to ... |
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 What is the worst case senario if my car payment is late? |
say 2 weeks late?
Additional Details
im kind of embarrased to call and tell them it will be that late. i ran into a difficulty this month and something more urgent came up. i was trying ... |
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 Can a cell phone or cable bill late payment affect your credit? |
hello,
I have a ton a bills and i forgot to pay my cell phone and cable bill on time. They were only 5-10 days late. i know when you are late with a credit card the day after it, its on your ... |
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 How can colletion agencies buy out you debt and keep it on your credit report? |
| Why is this possible. It's like it will never go away. A 10 year old debt came back from the dead recently. It is crazy. 10 years ago. I'd like to move on with my life now and just when you ... |
|
 How do you spell budget? |
| like i'm on a tight ... |
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 I have a quick question about a credit card? |
| ok, lets say you have a credit card with 500 dollars on it, then you spend 100 dollars, you pay back the whole 100 dollars to the credit card company....so do you have the 100 dollars back in your ... |
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 Just filed bankruptcy, when will my credit be better? |
| hello, I just filed for bankruptcy oct 25th, i haven't received my discharge yet , but will be very soon. I was wondering, how long will it take before my credit gets good enough to maybe get a ... |
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 Credit card question... Please read. I'm confused? |
My credit line is 200.. So my bill will be about $20-30. But Interest is 24 %... So will I have to pay Alot more?
It's my first credit card
Also, If I pay in full- Will I ... |
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 Is it possible to go from a near perfect credit score to ZERO in one months time? Cause it happened to us.? |
| My boyfriend has established excellent credit from a young age, he currently has no credit cards. We've been house hunting for YEARS and we are finally close to closing on one, been working with ... |
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 Im only 21 and have bad credit can i get a loan? |
| i have been trying to get a loan for about 7000 but it seems impossable is it?? i messed up bad got into debt to fast is there any place that offers loans with a 498 score or should i give up looking?... |
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| Finance/credit question? |
| I needed a co-signer when I bought my car because my credit wasn’t strong enough. After I bought the car I got laid off and got into debt. My score was like a 580. I just paid off 2 credit cards ... |
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 Would it be a good idea to take out a personal loan to pay off high interest credit card debt? |
| I think Im getting charged about 8.99% intrest on my credit card. What kind of interest would their be for a personal loan? Would that be worth it?... |
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 I dont really get the whole concept of a credit card. |
| how does the whole credit card thing work, how do you use it?... |
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sugar | What happens when you don't make ur minimum payments (credit card debt)? |
so i'm having a little trouble making the minimum payments right now. In about 2 months, i know i'll be able to make them. But what concerns me is how the credit card companies keep calling me. They call like 10x a day and sometimes leave messages. I'm scared to pick up the calls, but i'm worried about what will happen if i don't? I'm sure some of you have been in this situation, so let me know! |
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Donna <><
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They keep adding interest and fees to your account if you don't pay the minimum. Then besides calling you , they turn it over to collections and they write stupid letters to you trying to get you to pay it. If you don't have anything they can't get anything. I've tried to talk to them on the phone when they called but it doesn't do any good. They just make me mad because no matter what I told them they still argue or call me names. Don't talk to them when they call, they can't do anything but harass you on it. |
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bennyboie
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Not paying the full minimum payment is considered a "missed payment" by the credit card companies. You will get a late charge, and the difference between your minimum payment and the amount actually paid will add to the next months minimum payment. If you wait until then, it can be considered delinquent. If you pay the difference before the next billing cycle, this payment will be considered late, still resulting in a late charge.
Possible (likely) outcomes are your APR gets hiked (see your contract. Some companies allow for one late payment) and your FICO score takes a hit (credit card companies usually report your payment histories quarterly, although nowadays, many report monthly). Having a "late payment" hit on your credit history is bad. Having a "delinquent" hit on your credit history is much worse.
Remember: A law was passed a few years ago where one credit card company can use delinquency information from another credit card company to raise your APR.
If you cannot make the minimum payment, make sure you call your credit card company and try to work something out to minimize the impact on your credit score (FICO), as this will affect you in the long run. |
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Lisa D
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yes, i know what you are going through, Credit card companies aint aloud to call you that many times a day. When they do call you next just tell them whats going on and that you will pay it off when you have spare money. |
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Andrea
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You should first pick up the phone and call them. Explain the situation, send whatever you can.
If you don't make your minimum payments, you will get charged a late fee, the late payments will be reported and will make your credit bad.
Good luck. |
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latebreakfast
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If you don't pay the minimum, you are in breach of contract.
You should talk to them and explain your situation. Usually they will work it out with you. It is far better to deal with them now, than to have your credit trashed for 7 years over a late payment. |
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Mike K
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No one sets out to intentionally ruin their credit or to lower their credit score. Yet there are many activities you can take part in that will do just that. Being aware of them will help you avoid them.
By only Making your minimum payments and these other activities will Harm your Credit Score
Read more:
http://www.easy-creditcard.com/credit-card-score/these-activities-will-harm-your-credit-score/ |
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Chocolate Addiction
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Plain and simple, your credit report looks bad, not to mention your credit score will go down.
And anytime you put in an application for a car, home loan, or credit card, those creditors know of this and might not give it to you, or at a much higher rate. |
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marcopub27
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You have three choices. You could sign up for help with a consumer credit counseling service and set-up a credit repair plan. You could spend hundreds of dollars with credit repair companies or you could save your money and learn how to do a bad credit repair here for free: http://fixcreditscore.wordpress.com
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Mrs. M
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you'll get feels and intrest and phone calls.
they will/could send it to collections...... |
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Arthur A
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I have a friend at work that gets calls from a Bank that he owes money to. They call about 3 times a week to talk with him. If you handle it the way he does by telling them the payment was mailed, and they never get it. Try then can take the matter to court to have the debt re-payed. I say talk with them and make an agreement to pay what ever you can each month, this way they'll stop calling you. |
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Sand Bag
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You get a late charge on your bill and dent on your credit repair for late payment. If you are having problems paying the minimum, call the bank right away and work something out.
http://www.badcreditfixup.com/improving-your-credit-score.php |
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