 My husband and I filed bankruptcy, are now going to be foreclosed on and may divorce, any good scenarios? |
| I just want to know the best way to handle all of this and come out in the end ahead. We will be starting from having nothing but a job and kids and a place to rent.... |
|
 What is the advantage of a credit card? |
| I have no financing problems and I always pay the full balance. But last month, I forgot to pay the bill and I got charges (overlimit fee + interests). So I was thinking of only using my debit card.<... |
|
 Westcott debt collection? |
I am considering seeking legal action against a debt collection agency
called Westcott UK but i'd thought i'd see the opinion on the matter online
first and if you can help.
<... |
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 A family member used my S.S.# how can I get it removed? |
| Recently found out a family member opened accounts in my name with out my permission. I have a heart so i don't want to press charges on them, cause the last thing i want to see is someone in ... |
|
 What exactly is a CCJ? |
| I mean county court judgement...... |
|
 Would you consider 11K alot of credit card debt for my husband and I ? |
| I also have 20K in student loans. We have been paying on our credit cards for 3 years and still have 11K.... |
|
 If I make payments on my medical bill but not in the amount they want, could I be sent to collections? |
| I have this medical bill that I cannot afford to pay in full. I have called the hospital to see if I could make a monthly payment plan. They told me they could but only in a term that is 6 months or ... |
|
 Should I cancel my Credit Card? |
| I've finally paid down most of my credit card. This month end I'll be able to pay the balance due which will leave only the small balance (about half of what's due now) on the next ... |
|
 Can a bank refuse to cash a check written from one of it's customers? |
| My brother in law has written me check and i do not have time for it to clear. When I took it to his bank they told me it is against their policy to cash checks for non customers. I had 4 forms of I... |
|
 How many people have been ripped off by trial offers? |
| I lost my internet connection when I moved and didn't cancel before the offer ended and when I got reconnected they socked me 40 bucks.No refunds ... |
|
 I am about 6000 in credit card debt and thinking of filing for bankruptcy? |
| My fiance and I purchased my vehicle together (both of our names are on the loan, but just his is on the title). I am a full time student and unable to make my credit card payments. I owe around 6000 ... |
|
 If I want to take all of my small loans and pay them off with a credit card is ther a credit card I can get ? |
| that will give me a 13,000.00 limit? My credit is good, it's just that i have a lot of small things open, and I want to transfer everything to this one card and just have this one payment. Is ... |
|
 Any ideas on where to go for home financing if you have no credit history but have plenty income for payments? |
| we have no credit history anymore.were victims of identity theft and in fixing that credit report was totally wiped ... |
|
 How many credit card should I have? |
I watched a video in my class and they said it's better to have one credit card only.
But in reality, I know a lot of people have like at least 2 credit cards and they said it's ... |
|
 Credit card write offs due to being under 21 when aggrement was signed? |
| Hi, i was told by someone that it is possible to get a credit card written off if you entered into it being under the age of 21... I have a card that i got when i was 18 and the interest rate is 28% ... |
|
 What is your opinion of any service that offers credit repair? |
| I need to fix my credit, and there are people on E-bay and elsewhere who guarantee the full restoration of my credit. Are they legitimate?... |
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Pinku | Why credit card is better than a debit card? |
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 |
 
Sgt Big Red
 |
Debit cards do not show on credit reports, therefore, they do not provide a history of ones credit worthiness. When you use a debit card the funds are taken from your checking. Some vendors do not process the purchase immediately and this can cause one to get an overdraft fee without knowing it.
Only credit card debt is reported to the CRAs |
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teehee
|
Credit cards are better because:
* Better consumer protection. It is easier to dispute a purchase (unauthorized, or authorized but covered by some other warranty, see below)
* You are not out of YOUR money if there are unauthorized purchases. With a debit card, the money is taken out of your checking account, and you have to tell the bank before they put money back, and it all takes time, so you can run into overdrafts and bounced checks, which will eventually be fixed but you'll have a headache and wasted time dealing with them.
* Credit cards more often provide protection like secondary travel insurance, collision damage waiver, purchase protection (against accidental damage), extended warranty (on top of manufacturer's), return protection (like 90 days returns or refunds no questions asked)
* Better rewards programs. Credit cards are are more expensive to process than debit cards, so the companies give more back in rewards.
* Branded cards have special programs and rewards for the specific brand
* High end credit cards have concierge
Now that's not to say that debit cards don't have the same protections, but in my experience the coverage is MUCH better on credit cards. There are probably other reasons too, but the above should cover the basics.
Unless you are really bad with money and can't budget or control your spending, I can't think of a reason to ever use a debit card. |
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Dave
 |
There is only one reason that I could think of that would make that statement true....
That reason is...that a debit card deducts funds from your account at the time of use. A credit card credits the card and you keep the cash in your savings or checking account.
So...you keep cash on hand.
If you have a lot of cash on hand then the difference is "interest". Usually using a credit card without paying the balance when do...results in a fee called interest.
I use a credit card myself, and pay the balance at the end of the billing cycle. |
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stan c
|
Carl is right on the money. The bank does not have to refund funds if you use a debit card. On a credit card, you are only responsible for the first $50.00 which in most cases they will waive. |
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worldpeace
|
credit cards are used to build credit, debit cards are better if you have the money on hand but still you need to build credit if you want to buy a house, car and other things, check out www.fastcreditcardapprovals.com here you will be able to compare all major credit cards side by side on rates, fees and rewards. |
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Leo F
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A credit card is credit that you pay back over time with interest and a debit card give you access to your checking account or savings account and when all the money is gone your card will not work. A debt card is not credit. |
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JR V
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A debit card is not giving you a credit history which is what you need to establish credit and get a FICO score. A credit card shows how you pay your bills and leave you with a credit history. NOw if you don't want to have acredit history keep on using the debit card. A debit card they take your money out right away from your account..... |
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Ed L
|
There may not be enough room to list all the differences. Yes, if you are trying to rebuild your credit, the credit card will do that but a debit card will not. A debit card is simply a device for directly withdrawing money from one of your bank accounts. You pay all the fees for this privilege. A credit card, the fees are paid by the business you purchase items or services from and you pay nothing so long as you have a card that allows you to pay the bill in full at the end of each month to avoid interest charges. Some cards charge interest from the date of the charge till payment is received.
Therefore, a debit card just takes money from your bank account (you pay fees for this) and the credit card constitutes a loan to you by the credit card company (the businesses pay the fees when you use this) |
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carl l
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If anyone gets a hold of your Debit card, they can withdraw everything you have in it. With a credit card you are covered for all losses. |
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inkeeper06
 |
I think debit card better, no interest to pay, You are covered for losses on it, It does take your money right away but so what. I am 42 and have never owned a credit card and never will, If i can't pay for it than I don't need it. |
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Rana
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I don't use any |
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