 Sick of no response on Answers from Askers? |
I joined Answers to try to help people with their issues giving my expert opinion as I am a credit professional by trade.
I have experience in many other areas as well. These ignorant ... |
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 Suicide??? My friend is hurt and can't work. Bankruptcy is in the air. Can the? |
| Can her bill collectors garnish her husband's wages? They will have no food money then or clothes and stuff. He didn't do this and he can't handle paying all of it back no matter how ... |
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 What happens now? In court? |
| Some company just called me regarding my Credit Card that I havent made payments to in forever. I think at this point, it was a legal firm, not a collection agency. They said they were going to ... |
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 How can I check my credit rating? |
I know I might be being paranoid but about 2 years back I lost my photo driving lisence. I want to check everything is ok (i hope no one is using it for other reasons).
I applied for loans ... |
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 Why didn't they ask credit or debit? |
| I just got a credit card for the first time. I'm 18. I went to subway and I gave them my visa credit card. How come they didn't ask credit or debit? They just swiped it. Is it only for when ... |
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 How many credit cards do you have? |
1. A. None
B. One or two
C. ________ (fill in with about how many you have)
2. Why do you have the number of credit cards that you have?... |
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 Did you know that every time you use your "store card/loyalty card"? |
| They know EXACTLY what you are spending your cash on. This information gets passed on to 3rd parties WITHOUT your permission. This information is priceless to them. And you get back 1penny for every ... |
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 Need a car, 21 year grad student with little credit history, my parents can't help me co-sign, what do I do? |
| I had a new 2009 Jetta that my Dad was financing. I was in a car accident 3 weeks ago and the car was totaled. My dad reapplied for a bank loan for another car and was turned down due to the state of ... |
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 Paying the next months bills? |
| Hello, since I won't be home for the next month, I am going to pay more for my bills all in one check (for this month and the next month). And I was wondering if I need to call every single ... |
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 Is cancelling a credit card after you pay it off bad for your credit? |
| I've paid off a credit card and don't plan on using it any longer. The credit company is sending me mailings about how they are decreasing my credit limit and crap because of "... |
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 HELP!! credit card debt trouble!!? |
| a relative had co-signed on a credit card for me.... the relative found out that i had accidentally gone over the credit limit (and it's a big limit) i haven't talked to the relative yet ... |
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 Credit Card Companies are Killing Me!? |
| I used two credit cards which have now decided because I was late on one, that they both would increase my rate to 30%. My balances are extremely high, and I do not know what to do. I have only ... |
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 I got new checks in the mail but I used them in the Wrong order? |
| I have had a checking account for about 4 years now, but I have never used checks. (just depit card) I ordered checks online, but the boxes came seperalty, and I used 2 of the higher numbered ones ... |
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 How do I get my 1000.00 back from a merchant? |
| I ordered a 1500.00 guitar by phone. I said I would put a 100.00 deposit down. I called 3 days later to cancel and the merchant said no way. I later find out that he placed 1000.00 on my credit ... |
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 I need to rebuild my credit!!!? |
| I need to rebuild my credit, but I can not even get a card for people that need to rebuild there credit. Does anyone have any suggestions what I can do to rebuild my credit? I need to get a credit ... |
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 Why doesn't anyone else see this? |
| I am interested in your thoughts about all the consumers who are now in default of their mortgage. Apparently, these people have no reserves, no savings, nothing upon which to draw in order to make ... |
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raveen357 | Will i be paying interest on a cancelled credit card that has an owing balance? |
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pukcipriavroc8v
 |
yes, you will carry interest until it is paid off.
Usually a ridiculous rate 24+% |
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sallypointer
 |
this might help you sort out what order to pay things in
http://www.quazen.com/Home/Personal-Finance/Managing-your-Debts,-a-common-sense-approach.525 |
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lucyanddesi
 |
No, no...dont worry about. Just get another card or two now, like RIGHT NOW, and start using them. Later, you can cancel them too. Make sure to max out the cash advances, because you never know when you're going to need cash. |
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tootsie
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Yes, you will be paying the interest earned of your cancelled credit card for as long as you still have an existing owing balance. I am working with a financial institution whose business nature is much like of a bank's. If your account is in arrears, your payment made will be applied/credited first to penalties, second to interest, and the balance (if there be any) will be applied to the principal. |
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yooperpooper
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oh yes, what an idiotatis |
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Paul
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You bet!! They're in the business to make money. They might drop the interest (if you ask nicely) now that it is closed. |
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chris
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Oh yes, you will still be paying them on the money you owe. See if you can pay on-line that way you can pay everytime you have a little extra money and get it paid off quick. CCards are so addicting. |
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fem40_98
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You sure do.. |
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amyl91
 |
yep. you will pay interest until it is paid in full. |
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macki4
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yes,thanks for the points |
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ninja_girl
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yes, until it's paid off |
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loudy_foudy
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That sucks!
Sorry! |
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fairypelican
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while a debit balance remains on the card you will definitely continue to be charged interest. get in touch with your card provider to find out full details- then you have the correct information for your situation |
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Rafael R
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With credit card, when are you not paying.!!!! Depending on the interest rate. you should try to pay it off as quickly as possible |
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nicolehope
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You sure will. |
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