 Why do people accept credit anf then not pay it back? |
| Don;t they realize that comapnies don't eat those costs, they pass it on to the rest of us who responsibly pay our bills?... |
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 How to increase credit score? |
Equifax is 739
Transunion is 750
Experian is 749
I have my credit card for 14 months ago.
How to increase credit score? cause i dont actualy use my credit card i only use ... |
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 Having problems with debt collector for an 8 yr old account they will not provide info other than amount i owe |
| Today i got a letter through the post from a debt collection agency. When i phond them i was greeted by an unhelpful agent who would not provide me with much info. The debtor was noted as singlepoint ... |
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 Am I reponsible for Mom's debt when she dies? |
My Mom has a couple credit cards and is about 12,000 in debt. Although I am not a joint owner of the card they have had me as an authorized user for years and in fact have issued me
a card in my ... |
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| Theres a checkcashing place my son cashed a check at, the people who sent him the check put stop payment on it |
and now ace express tells him he owes them 285.00$ what can they do as far as going to jail, or sending him to a collection agency
Additional Details
they check was a personal check from ... |
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 I have one shoddy credit card (26% apr? lol) that I only have in order to build credit. Will...? |
| they eventually give me more credit after so many months of paying on time and not really using the card anyway? Or can I request more credit at some point? I've only had the card for a few ... |
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 How would you be affected if your credit limts were reduced? |
| According to the article linked to below, one analyst thinks that the credit industry is poised to reduce the liquidity of the American consumer by 2 trillion dollars through credit line reductions. ... |
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 How to Build your credit with new Social Security Number ? |
Does the the Cellphone Bills, Credit card, Internet bills help in Building credit ?
What is the best way to Build an Excellent credit.
what to avoid .
Additional Details
I do ... |
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 Is a credit score of 717 considered a good score? |
Good enough to get a auto loan or possibly a home loan?
I have only had credit cards for almost 2 years.... |
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 I am 18 and i want to apply for a credit card? |
Where do i start? Which credit card is best for me?
Does it mean that now I do not have credit history?... |
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 Credit cards? |
| We have a credit card and have had it for over 5 years now. We got our bill this month our payment went up to 183 dollars. The next day we got a letter from the credit card company saying that they ... |
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 Which credit card you perfer? |
| I just turned 18 and I want to apply for a credit card but there are a lot. Which is the best credit card i should get? ex. american express because it has a good rebate percentage? or visa. etc.... |
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 How long do you hang on to old bank statements ? |
| When do you think it is safe to throw away old statements and receipts extra. How far back can the tax man go?... |
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 Do cell phone bills affect your credit score? |
| I dont think it does but my fiance` thinks it does...... |
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 What does the word derogatory mean on a credit report and how does it effect a FICO score? |
i noticed that my fico score went down
Additional Details
it is an account that i am paying off in a settlement for $50 a week. I send letters with every payment dated and signed asking ... |
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sx24 | Why do so many people fall into credit card debt so easily? |
A lot of people before they get credit card are determined to make full credit card payment every time and say that they can never fall behind because they are responsible. But after a short while, the determined ones also fall into heavy credit card debt and find themselves barely making little more than minimum balance payment. How come? |
 |
 
SPIFIMAN1
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I was one of those people several years ago and was forced into credit counseling because of it.
In the real world it's nothing but a lack of self control.
I have since changed my ways and still use my credit cards almost every day, but have not paid a penny in interest in over 3-years. |
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Just Me
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People use credit cards to but the things there measly paychecks can't afford.. Trouble is they don't stop and all they can afford to pay is the mininum payment. |
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bibsian
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when you use a credit card , you do not feel like you are spending money
when you actually have to go into your pocket and pull out cash it makes you think " do i really need this "
when you use a card you dont think like that
and thats exactly what the credit companies want
all the best
Ian |
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TaxGurl
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When I got my first one, I did pay off the balance every time. Then I lost my job and my new one didn't pay as well. Even though I cut every single expense I could, I ended up charging a few things here and there. A small balance crept onto the card. After that, it was like: well, I spent $200 on the card this month and I'll make a $200 payment. That allowed the existing balance to grow with interest. Over time, that little bitty balance grew. Two more layoffs over the next few years compounded the problem. Then I went back to school so I could get a better job.....and justified putting tuition and school costs that the financial aid didn't cover on the credit card.
I wasn't buying fancy things, just trying to survive a low paying job long enough to finish college. Now that I have succeeded, I worked out a budget, cut up the cards, and am dedicated to paying it all off within the next year. I had to decide to pack my lunch every day, clip coupons, not go out very much, use the library instead of Barnes and Noble, etc but I know it will feel great to get it all paid off. I make more money now but still live like I'm broke so that I can get rid of the credit card debt once and for all! |
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chad f
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It is not always using cards badly that causes bad credit as everyone else has stated. Sometimes life happens. Say you have a credit card and you are making your monthly payments then you lose your job, get kicked out of your house, and so on. It's not your fault that you are not able to make the payments. Itis your responsibility to get back on the right track though. I had some bad things happen to me which caused me to have horrible credit After life got straightened out I began paying off collection accts and all past due accts and am now back to good credit. It's not always the way you spend that ill cause you to have bad credit. |
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ragna_blade
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Combination of lack of self control when it comes to sum of purchases versus actual income coupled with interest rates that border extortion. |
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mack l
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If you have any one of these characteristics, get ready to consolidate your credit card debt.
A purse full of credit cards
Too many credit cards is the first and foremost reason which indicates that you will require debt consolidation sooner or later. Remember any transaction done with a credit card is a loan and it has to be repaid with interest. The larger the number of credit cards the more the loans.
Missing repayment dates frequently
Too many credit cards with varying repayment dates can cause a lot of confusion. If this makes you miss a repayment date just because of the number of credit cards, its time to think. Every missed installment increases your debt burden. A late payment fees along with penalty APRs can make things worse. This will surely reflect in your credit history.
Large amount of debt
Too many credit cards with small debts, result in one large debt to be repaid to multiple credit card companies. Since, the person who has to repay all these little debts each month is you, things become complicated with every increase. Read more from: http://www.credit-card-gallery.com/credit_card_debt_consolidation.html |
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Markus D
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The need to watch their money better, simple really. |
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Stacia Z
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People see credit cards as an easy way to get things that they want, without being able to really afford them. |
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