 Does it look bad if you cancel a credit card after paying it off? |
| Im slowly climbing out of debt. But after I pay a card off, I find an excuse to use it again. I think that canceling each card after paying it off is the way to go, but my wife says it looks bad on ... |
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 I owe 100k credit card debt and i make 7000/month how i can pay off my debt with all this 29-35% interest rate |
| my debt is $100,000 and i want to pay it off all but i keep on falling behind because of all these late fees,very high interest rates on credit cards,my scores fall to 585.i can not be approved any ... |
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 Credit need to establish ? |
Hey some-one can help me..!!! I need to establish credit... ¿ what it´s the best way to start?
Need help soon
thanks a lot
best ... |
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 What do you do if an identity thief has opened up banks in your name?? |
Just just banks but everything else that they can open up.
Whats the best thing to do?... |
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 Want to get a credit card, bit have bad credit.? |
| well my score is aroung 500. so i was wondering if you know any credit card companies that would approve me.... |
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 Applying for a new mortgage, but my hubby is only doing it based on his wage? |
| will i have a credit check done on me too, or both or just him. the mortgage is going in his name with me just added on cos i'm down as a house wife. do i have to pay for the credit searches?... |
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 In desperate need of advice on buying a home.? |
| Ok. Because I have made mistakes helping folks, I have got myself in a slump. I have a low credit score and I keep working to fix it but still have other bills. I do not use credit cards so ... |
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 How good is a 760 FICO credit score? |
| Considering some credit card debt, and two mortgages?... |
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 Can anyone help with companies claiming to get all ur bank charges paid back, is this a scam? |
| I have been asked to sign a contract and pay £15.00 up front and if i pull out before proceedings are completed i have to pay £500.00 compensation ?... |
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 I have poor credt rating? |
| i realy need a contract phone is there anything i can do????... |
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 How can i repair my credit? |
| i have about $700 in unpaid medical bills.....im 20 so i didnt have any credit to begin with...how bad can my credit be and how can i repair it?... |
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 Time if would take to Improve my Credit score? Any answer is very appreciated!? |
| I have never had a late payment and all I want to do is pay my credit debt off, its just taking a long time becuase of the interest (From 9.9% to 18.35%) and of-course, the amount of debt. I make ... |
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 Car loan at age 18? |
| im 18 and i have no credit. but i have been working for a couple months and my mother has a good paying job but not good credit. i make over 900 a month and im on my last year in high school. i need ... |
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 Should I pay my collections account? |
| I have a medical collections account on my credit report that has been there since Jan of this year (2008). They have been reporting it every month as Key Derogatory (I have no idea what that means).<... |
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 How to get rid of a store credit card.? |
| I recently applied for a job at Macy's, but something came up and I didn't accept the job. I opened the mail today and saw a Macy's credit card! I don't know what to do, and I ... |
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 Credit payments made on due date, charged a late fee due to time difference. Unfair. Suggestions for action? |
| How is it that people on the West Coast can be charged a late fee, even though their payment is paid on the DUE DATE, just because the credit card companies on the East Coast want their payment ... |
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 Is there a home loan that I can get with a bad credit history and still have very low down payments? |
Additional Details
I live in Florida right now and hope to stay here. My credit score is in it's 300s, so that's pretty bad. Can anyone help me?... |
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GT | What is the worst that can happen if I simply stop paying my credit cards and ignore the card company? |
Will I get a CCJ, or will they simply go away and refuse to lend me money again? Or, will someone turn up at my door? Only sensible answers please! |
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tacyella
 |
just lay low for a few years, your credit will be shot, but most companies will be willing to settle for pennies on the dollar if you threaten them with bankrupcy. again, your credit will be shot but you can get like $10,000 worth of stuff for like $2,000... |
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lyceetpe
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listen to studly
any one who said NEVER EVER get a credit card again is a TOTAL RETARD. |
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NYC Man
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you will go to jail have fun send me a postcard |
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zippythejessi
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Your credit will go down the toilet, you will probably NEVER get another credit card or loan or mortage EVER, (if you do, by some miracle get any credit from anywhere, you'll be paying absurd interest rates) and - worst case senario - you can get sued by the card company. |
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gabriel jones
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Bad credit is one of the worst problems to have... however there exists a solution.
I will hereby talk from my personal experience.
I did debt consolidation a couple of years ago, however If I had to do it again I would pay to some minor details,
if someone wants to get out of debt today it is pretty easy with a debt consolidation plan, however it may get a bit tricky at times, I suggest you get as much information as possible online on this first,
a good place to start in my humble opinion is astraight to the point ebook with question and answer I found :
http://umgarticles.atspace.com/debt-consolidation.htm
if it helps kindly remember me in your voting!.. cheers! |
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DDLynn l
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Depends on the bank.
the credit card can get someone to call you at work every day.
the only way to stop them is to get a lawyer. Then your job gets ticked off and you get fired. Your credit score goes down. Some places of employment check your score before they hire you( like retail jobs, banks and security.)
Each month you do not pay they tack on 35 bucks for a late payment fee, then they charge you interest. I have one card where the interest jumps to 29% if I default. Pretty soon your account is over the limit so they tack on a monthly over the limit fee.
four years later you go to buy a car, a house, phone, or computer,or get surgery, and you get turned down.
The best thing to do is call them now. Ask for a lower percentage rate and a payment that you can afford. Most, not all will work with you as long as you are paying the monthly interest.
if someone cosigned on your card they will also get called and hassled often in the middle of the night. |
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Bathroom On The Right
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The credit card company might get a collection agency to come after you if you ignore the bills that they send you every month. Also, it would greatly reduce your chance of ever getting another credit card if you wanted to get another one in the future. |
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Studly
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Luv2bake's answer wins the coveted "Studly's Stupidest Answer" award for today! This award is given to Yahoo answers that do far more harm then good, are unresearched and just plain stupid!
The first sign that it's filled with lies is her claim that her 'friend' now has a credit score of 300-350....sorry they never go that low.
But the main reason for the award is the nonsense at the end of her answer. Send the creditor $5 as a sign of good faith?
First of all, no creditor will ever consider a $5 payment a good faith effort. Especially if you owe $1000. Do you really think they are going to wait years for you to finish paying this debt? And no judge will consider it that way either.
And if the send you the check back you can consider it "paid in full"??? Sorry, that is not how the game works.
If you actually followed this silly advice, what you have just done is restart the Statute of Limitations time period. Big mistake.
See why you never listen to advice from people here, unless they give you some references and sources? |
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luv2bake
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Lets see, my friend has done just that! Know what he got now? NOTHING! NO car, NO house, NO more boat, NOTHING! Absolutely NO credit! Credit scores are b/w 300-850; his right now? around 300-350. The companies are suing him in court & will win! His wages will be attached if he doesn't show up to defend his reasoning of not paying them. Pennies on a dollar, huh? Sometimes they will make a deal but only if you can come up with the "pay off" that same day they make the offer. If you've lost your job or going thru a divorce or some other disaster in your life giving good reason for the non payment they will work with you. Send them at least $5 a month to prove to a judge that you are trying to be responsible. If they send the check back it's considered "paid in full"! Keep the check to show any judge who tries your case if they take you to court. Good luck |
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