 Is it really that bad to go bankrupt? |
| Thanks to cridit cards, my monthly expenses are about $400.00 a month more then my income. Jan. 1st. I just spent the last of my savings... I dont know what else to do but go ... |
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 Will they garnish my wages? |
| One of my credit cards hired an " attorney" to collect money for them ( tho i think tis a collection agnecy) anyways the person called my work today i called back the guy said i need to pay ... |
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 Payday loans if you really need it? |
Can they be helpful if you pay them back in full when they are due? Car broke down and in bad crunch no family help available.
Additional Details
It's just for 100 dollars the most ... |
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 Do credit repair companies really help fix your credit? |
| I know that I can dispute and correct items myself.. But I'm wondering if I would get better results if I paid someone to do it...Has anyone had good results?... |
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 Should I cancel my credit card for this reason? |
| I have my credit card all paid off. But they keep charging me these stupid $1 and 50 cent fees! I hear you are not supposed to cancel a credit card because it will lower your credit rating but I am ... |
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 How do I fix my bad credit? |
| I have bad credit. I have already consulted a "professinal credit counseler" but got a half *** response. I am not ready to pay additional money to have someone else fix my problem. I ... |
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 Whats the worst that could happen if I dont pay off a bank loan? |
| My ex-husband took out a bank loan in my name (with my consent) and now that we are divorced I am obligated to pay it and I dont have any money to spare I am living paycheck to paycheck working two ... |
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 Getting a credit card. What are the best deals around? |
| Hi. I need to get a credit card with a limit of about £1000. What would you go for at the minute? I've checked these comparison sites and they're frankly very confusing. UK only please. T... |
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 Should I refinance my home? |
| I have a 30 year adjustable home mortage. I have paid on this loan for 24 years. I have 6 years to go and only owe $13,500 on the loan now. Adjustable rates are on the rise and I am on a fixed ... |
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 Is there a place I can go to view my credit score, instantly? |
I don't want to have to wait for a week to receive something in the mail that I have to enter to receive my score.
Additional Details
I tried freecreditreport.com and had to wait ... |
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 Is Credit Repair really effective and how much would you pay for it if it is? |
| A good credit report is very important for living a comfortable life of financial freedom but it's difficult to recover fom a bad credit report once you've made a few mistakes. Credit ... |
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 Does one delinquet credit card effect your other cards you have? |
| i have one credit card that is maxed and Im having a hard time paying the min payment. ive already consolodated the best I can....I have another card that has quite a bit of limit left and my ... |
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 Does anyone know where I can obtain a free credit report, from one of the three main credit bureaus? |
Without having to do it online (I don't want to give credit card info).
Main credit bureaus: Experian, Equifax, Trans Union.... |
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 Will paying off delinquent credit help? |
| I have delinquent credit from about 4 years ago that i havent touched....Its way delinquent. If I track down the creditors and pay it off how much will it help my credit...Currently I have a 608 ... |
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 Bankruptcy? |
| I have some debt, that I know I will never be able to pay off. Atleast in this century. It's not that I owe a whole lot of money, it's just that I am not the richest person on earth. I have ... |
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 I loaned some one money to buy a boat. This person failed to meet the requirements of the contract. what can i |
| My boyfriends son needed money for the purchase of a boat. I loand him the money and made up a contract with him for repayment . the boat was put up as colateral and I have a lien on the boat. He has ... |
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 How do you manage your credit cards? |
| Just wondering how some people handle there high credit cards amount in order to lower them w/out consolidating! I only have one credit card and the dollar amount really isn't that high it'... |
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 A credit card for a 13 year old? |
| What do you suggest? I'm going to DC in April and I'm bringing a credit card (If I could find one). My parents said I should bring that and cash, because we need to pay for everything thats ... |
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LadyMoon | Whats the point in a prepaid credit card? |
We have atrocious credit and can't get even the "poor credit" credit cards like Vanquis etc, so I've pretty much given up trying
I have read about "pre-paid" credit cards on which you put your own money in an account and then use the card to spend it.
But why? Whats the point in buying a piece of plastic with which to spend your own money? Whats the difference between that an using an ordinary debit card from your bank?
Additional Details
Hmmm - thanks for the judgement but I have never "lived beyond my means". Like many people in the world today I was a victim of what the future would bring - ie a prosperous, dual income houshold reduced to living on the wages of one part-time earner because of illness, job loss and a pretty bad run of luck. Is that so hard to understand When I had a credit card I used it prudently, yet when bad luck hit I had to choose between eating/staying warm or paying off the balance on my credit card and guess which one I went for?! Crazy eh? That someone puts their personal survival before their credit rating . . . |
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mikey
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1. It helps you re-build your credit, no, you cannot spend more than you have in the account.
2. It keeps you from carrying cash, and if the card is lost or stolen, you can stop payments from being deducted.
3. It allows you to purchase items, such as online products, without having to send a money order or cash. |
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Lord Blackadder II
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If you use it online, then you can limit the damages if the card number ends up in the wrong hands. The bad guys can't take more than the amount on the card, unlike on a regular card where they would be able to take you for the card's credit liimt. |
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GrantMitchell
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As a few people have mentioned you put money on them and cannot spend more than that, much like a mobile phone top up card really.
Using the word "credit" is slightly misleading.
The advantages are that they can be used to spend on certain things such as bills, shopping, online transactions.
They may also have greater security than debit cards (in the UK) e.g. like a credit card where the bank guarantees any money you've spent if the person you've bought it off goes bust etc. (this is only up to a certain amount and is for consumers only) However you might want to check this out since it could mean they're a good middle ground between debit and credit cards?
Oh also most of the cards charge a fee to have the card and sometimes to withdraw money on it.
they could be quite good, check out this website VVV |
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Chris G
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more shops apcept them like a visa or mastercard
i thought that at first coz it sounds weird but then realised that lol |
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scout101@btinternet.com
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The point is it is an easy way to keep your finances in check, you can only spend your own money thus avoiding further debt. It is also an easier way to carry your money around. Then again if you do not have much money, there is no point in having the card.
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strikeapose
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b/c some people will make buying food 4 there family 4 a month tight just so they can have 1 pair of nice jeans this will help them spend just the rite amount |
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Robyn A
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A prepaid credit card is for those that absolutly have no clue about money. It is virtually a debit card...with a set limit..u put in 500 dollars...thats all you got..once you hit that limit you can't overdraw. My friend has one to pay bills online, or order stuff off tv that you need a credit card for. |
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hmmm........
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it's for those that don't want to tie them selves up with debt, but still would like the advantages of using visa or mastercard.
i use mine for shopping on websites that do not accept paypal or debit cards and for ordering from other countries as these forms are known world wide. it can also be used abroad, so you can top it up with spending money before you go.
maybe you should take a look at why you have such a poor credit rating and consider not living beyond your means more than is necessary - a hard task in today's world - but it can be done. |
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londonboy1979
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Saves carrying vast quantities of cash for a start. esp on holiday
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bucize1
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it makes you look like you have a credit card |
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JoJo
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lol guess its for those who dont know how to control their spending habits on credit cards |
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