 What are the average living expenses for a young couple living in their first house? |
| I mean things like certains taxes, gas bills etc. I know there is no fixed answer, but if any of you could help by letting me know some of the expensies or if you in a similar situation how much say ... |
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| I am looking at paypal or citizensbank credit card. I'm 20 and this will be my first credit card so please suggest a good ... |
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| I am a college student trying to build my credit history. While shopping for credit cards, I notice that banks offer student credit cards for college students. Should I go with the student cards or ... |
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 Debit card using "credit" option? |
I know that when buying stuff at the counter i can use the credit option, then the merchant will place a hold on my fund.
then few days later they will officially deduct the amount.
... |
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| The site that provided me with the score says that it is equivalent to a "C grade." I am 22, own my own home, and usually pay my bills on time. Is 782 a good score? Considering my age? T... |
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My dad lives in a different state and is going to pay for my prom dress, so he gave me all his credit card information.
I could of course use it to buy a dress online, but that would be ... |
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 What should I do if a collection agency won't accept my payments? |
| Okay, so my husband has a debt with a collection agency. We want to pay off the debt and when I called I told them we could pay $100 a month. They said that they would not accept this because it ... |
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 I have $11,000 dollars in credit card debt spread over 4 different credit cards.? |
| I have moved to Hong Kong where I will be for at least 5 years. My company pays for my apartment and I will never need a car so credit isn't important to me. I was planning on waiting for my end ... |
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| Ok, so I have posted several questions in regards to my credit card debt and am still very unsure of what direction to take...I have about $30,000 in CC debt with two companies..Citi & Chase...... |
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| I'm a college student and i want to get a credit card to establish credit. Which one do you suggest i get? |
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Angela F | What if I defaulted on a credit card? |
First let me say that I have several credit cards. One though has really begun to screw with me. First they raised the interest rate to 21.9% and now the monthly payment is unreal (I have never been late on the payment but because we bought a house and car they feel they are justified to do this). Because the raised the interest rate it caused us to go over the limit and they have tacked on overage fees. What happens if I just stop paying the bill and when I get my taxes back in Jan. pay off the whole account? I don't know if I will end up in court if I do that or what will happen. Please Help!!!!
Additional Details
We have had this card for almost 5 years and I cut the card up in December of last year and there hasn't been a charge on it since. I also tried to close the account and was told that I couldn't until the account was paid in full...Never again will I get another credit card. |
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OC1999
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Don't stop paying the bill. If you fail to pay the bill you will be listed as paying late on your credit report(30,60,90 days late). This is bad, however in about 3 months they will "Charge-Off" the account and sell it to an outside collection agency, this is MUCH worse. You not only will have this negative information for 7 years but a collection account that will also be listed and kill your score.
You won't end up in court that soon, that takes at least a couple of years. However, you are going to keep being hit with huge fees and interest. At least pay the minimum amount due until January then pay it off. |
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meandnadine
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Yes, they have a right to raise your rates.
It's probably in the fine print of your credit card agreement under the heading "universal default" or something similar.
Since you bought a house and a car, your debt-to-income ratio has changed. Therefore, they now see you as a higher risk of default.
Don't stop paying the bill. This will only make matters worse.
Use this link to find ways to cut spending and save more.
http://www.freewebs.com/savingslist/ |
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Pengy
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They will keep on adding overlimit and late fees each and every month making the whole situation worse and yes it will affect your credit score, take the hit get it below the limit then call them and ask why your interest rate was raised. |
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sunshine_today
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Don't just not pay it. See if you can transfer the balance to a lower interest card and then close/cancel that account. Even saving 5% interest going from 21% to 17% will save you money. Many cards have 0% or 2% due for the first 6 months of a balance transfer--shop around. Good luck! |
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regerugged
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You might get sued. You certainly will ruin your credit rating, for at least seven years. Try negotiating a payment plan and agree to cut up and not use the card again. Tell them they will be forcing you into bankruptcy if they continue piling on the charges. |
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Riven Liether
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It sounds like you didn't get a fixed rate. That was a mistake, but there's nothing you can do to change it now, except know better for next time.
You can't just stop paying the bill; that's illegal, and you'll get bad credit.
First thing to do is stop using the card; you don't want to rack up any more charges. It's best to pay it all off in one go, especially with such a high interest rate (that's outrageous, by the way); once you do that, you can tear up the credit card and close your account.
If you can't pay it off now, get some help. Talk to a debt consultant, and see if they can do anything to help. If not, you may need to borrow money from a friend or family member if you can; make sure to explain the situation, and that it's an emergency, and promise to pay them back. It's better than paying back the bank.
Good luck. |
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Phil
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Can you take on a second job for a little while? Get that sucker paid off and snip all those credit cards in half. A mortgage is all the debt you'll ever need. |
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Jill S
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The same thing happened to me so this is what I did. (it worked) Call the credit card co. and tell them that you do not agree to the new intrest rate. They will tell you that you will then stay at your past intrest rate, but in turn for doing this they will tell you that when it comes time to renew your card (the date it is going to expire), they account will be closed. I was so mad that they had done this to me that I read up on MY RIGHTS, and used it against the wonderful cc companies. Its amazing how they change there tune with you when you let them know you are aware of your rights. Good luck!! |
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V Theriault
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1. You default on a Payment...Rate, Overlimit Fee will be Charged.
2. If you are Late: You will be charged a Late Fee...
3. If you pursue and not pay the minimum Payment, the Account will goto the collection Dept after about 2-3 Months.
Depending on the Bank.
When this happens you credit score may drop.
Somtimes you are able to negociate with the Collections Dept and start a payment plan after the account is closed...
You may also negociate your payment and how much you'd like to pay or make the payoff...
Best Advice, try to make the minimum payment, if not; call them and work out an arrangment.
Last, Refinance and include your debt with a Debt Consolidation Loan...Very simple and will not hurt your credit.
Regards,
www.FinanceYourWay.com |
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