 If I don't pay a credit card bill on time what will happen? |
| if i send in a payment, say, like a week or two late, what will happen? what if i tell the credit card company that i don't have the money now but I'll try or will be making a late payment? ... |
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 Can i get an car loan with a credit score of 530? |
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 Is it legal for a company to check your credit without your approval? |
| I specifically did not give them my ssn and told them not to run a credit check but they did anyway....is that legal?... |
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 What is the best solution for credit card debt? |
| I am way in over my head, I have 6 credit cards and I'm over $12,000 in debt. I have tried to take out a loan at the bank to consolidate but i got turned down. I can barely afford the minimun ... |
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| I just paid off credit card and don't know if I should cancel it or if I shouldn't.... |
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| So I've applied to so many places to be able to get a credit card NOT a debit card, but i cant find anyone who will accept me. does anyone know of any good sites to look up credit cards for ... |
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| can credit card bedts taken out before april 2007 be wiped out with no effect on credit rating seems strange to me what does anybody else ... |
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| I'm trying to raise my credit score. I've heard that once an account goes into collections you should leave it alone because if you pay it, then ur score gets lower. One of my derragatory ... |
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| The last 6 month I worked so hard to get my score up to a 710 and when I moved I neglected to check my cable bill at my old address. I was sent to collections over 55.00 and my scores dropped into ... |
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| I dont know what to do i am about to just let them go? i did good at keeping up with my credit at first but right now is just too much i been unemployed for awhile finding money to pay for the ... |
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Just Me | What is a debit card overdraft? |
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markandpark
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A debit card is a card that pulls money out of your bank account directly. Each time you withdraw money out of your account you are "drafting" money. When you use your debit card, and don't have sufficient funds to cover the cost, but might have some of the funds to cover the cost of whatever it is you're buying, you then "overdraft." The bank normally will cover the remaining cost of your purchase(depending on how much you are overdrafting) but will charge you a high fee of anywhere between $20 and $40 on top of whatever you owe them from the remaining cost of the item you purchased that they helped you pay for. They'll pay extra money for you to make the purchase and then charge you a large fee. It's how they make money. Some banks, depending on the type of account you opened, will wave the 1st couple of overdrafts. If you're smart, you'll open an account that will cover overdrafts so you don't get charged the high fees. Sometimes you can link a credit card or savings account to your bank account that will take care of any possibility of overdrafts. |
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Mimi
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It's the fee charged when you spend more than you have in the account connected with the card. Instead of declining your card, the credit card companies have decided that it's more lucrative to let you spend the money, but then charge you for spending more than you have in bank. Clever, huh? |
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roobee
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Using more than you have to back up in your account. It's just like writing a check that bounces. |
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towanda
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It's like everyone said-an overdraft means you drafted too much money out of your account. There will be an accompanying overdraft fee and possibly overdraft interest charged. Better get some cash in that account. . .
I guess I should also explain and old term- a draft would be a check on your account or removal of money, therefore an overdraft. . . |
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Katelynn
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when you take more money out of your account than there is in it you will be charged to ALOT |
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Nae
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it is when you used your debit card for a purchase but did not have the funds (enough money) in the bank to cover whatever it was that you bought. |
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Kc B
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It's when you spend more than you have in your bank account. It's not a credit card so you can't charge stuff even if you chose the credit card option. |
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Mrs. CT
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It's like when you write a check, but you don't have the money in your account to cover the check. It's just like that only it's an electronic transaction and not an actual paper check. The overdraft amount is the amount of money that was not available in your account. You should also have an overdraft penalty fee that comes along with using your debit card when you don't have the dough in your account. You will owe the money that was not available, plus the overdraft fee. Some banks are more lenient than others if its your first time over drafting and you have had the account for more than 8 mos. to a year sometimes they can take it the fee off. Just call and see or go see your local bank teller. |
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Nora
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a bank loan activated by using the card over the limit |
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chasen54
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it means u can spend more and pay the bank back later. |
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