 Best Credit Card for Teen? |
What is the best credit card for a teen (mastercard, visa, etc.)?
Preferably it would be linked to a parental account (or at least able to accept account transfers nationally and ... |
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 Are there any low fee payday loan sites? |
| Hi there, can youo tell me whether there r any low fee payday loan sites? ... |
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 How can you get your free credit score and report? |
| All the sites I have been to will give you the free credit report., but not score. Where can you get your free credit score and report?... |
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 Raising the credit score- Which option is better? |
(Just using my credit card as an score booster.....)
When I owe $50 on the bill, is it better to:
a.) Pay it all at once?
b.) Pay ALMOST all of it? Like, leaving $15 on ... |
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 How did these debt collectors find my address? |
| So I have recently moved because of the military and somehow 2 debt collectors found out my address. I monitor my credit report and no one has reviewed my credit report sense the move, so they ... |
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 Is an 18 year old able to obtain a mortgage? |
| I know I will have to wait until I am 18 which is only a few months away, but how can I obtain a mortgage. I am very good with real estate and have a business plan lined up and a family friend who ... |
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 My credit score has fallen almost 100 points in a 2 month period? |
| I was up at 620 in April 2010. I ran my scores for all 3 agencies yesterday and all 3 of them were down just about 100 points. I have not made any late payments or opened any new lines of credit. I ... |
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| What can I do to fix this credit blemish? |
| So I applied for a 15% credit card. I'm 21, had a credit card for 3 years. One late payment ever. I had my parents co sign. My dad has perfect credit practically, I have a 720, or 725. (my mom ... |
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 Should we pay off our bills? wanting to buy a home? |
| We are an income of 3000.00 it is from the VA my husband is a disabled vet. Anyway we want to purchase a home, but have credit cards... 5K, 2300, 2000. our suv is 13K, but not too concerned with that.... |
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 Help with finance! If you have a $20,00o payment...? |
If you have a $20,000 payment you can make with the following alternatives, which one do you take? What are the amounts for each? Your opportunity cost is 11%.
1. $28,500 at the end of 3 years<... |
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 repo auto and credit score? |
| i had repo in december and was wondering it took my credit score down. if i started making payments in small amount can it help my score or be best just not to pay .can you give me good legal advise ... |
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 I just got a re loadable walmart debit card....? |
| I am buying something online and with shipping it's $22.91 but there is only 20 dollars on the card, can i still do it?... |
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 i need a payday loan with bad credit? |
| Every payday loan company reject me.I just need to loan 700 to pay for my bills ,could you recommend me some I want easy approved loan with no fax...... |
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 Is it generally easier to get a credit card from a credit union than a large corp....? |
...branded card (i.e. Chase, Discover)?
I've been a member of this credit union for almost 6 years, and my credit is somewhere around "fair" to "good" in terms of a FICO ... |
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 Could this just be a bank mistake? |
| I checked our checking account at an ATM today and we had a lot more money then we should have had in it. It says we have a ledger balance of $3,596(whatever that is), and our available balance is $3,... |
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 Does NetSpend work and is it a fraud or Real? |
| Im planning on going with netspend but i need to no if its real like any other prepaid visa ... |
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mom of 3 | has anyone consolidated their credit card debt? |
i just wanted info on how it works and was wondering if it is really worth it? what dose it do to your credit score |
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My Take on It
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You are about to be ripped off.
Don't do business with companies that say they can consolidate your debt or eliminate bad credit. |
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Bibs
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I have used one of these offers from one of my credit card companies that allows me to pay off all my other credit cards and chose to pay a service fee of 3% and free interest for one year, or a service fee of 3% and 3% per annum interest over a two year period. I went for the two year deal. It was a good deal because the interest on my other credit cards was at 18% per annum. |
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SmartA$$
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Getting a loan to consolidate debt payments is like a person with brain cancer who refuses surgery and takes an aspirin. It might relieve the pain for a little while, but the root problem is still there and the longer you delay, the harder it will be to recover.
The reason you have debt is because you spent more money that you make. Getting a new loan won't change that. It only makes it easier to go deeper into debt. You need to address your income and spending and reverse the trend so that you earn more than you spend.
There are only 2 sides to the equation. Reduce spending by writing a budget, and only carrying CASH with you for the purchases you plan to make (within your budget). Increase income by taking an extra job, working overtime, and developing a longer term plan to advance in your career or get into a higher paying career.
Once you get to a point where you spend less than you make, you can work through the debts by paying extra, negotiating settlements, etc. Progress may seem slow at first, but as you start to knock out the smaller debts you'll gain leverage to attack the larger debts faster. |
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Judy
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Google "debt consolidation cons".
There are many.
The new loan will reduce your credit worthiness.
The new loan will be over many more years - so you end up paying more interest over the years.
It could open up your old cards - and most people run them up again.
Get a book on Debt and Credit Repair from your library or bookstore today.
All the tricks on how to deal with creditors are there.
Including how to settle, reduce rates, and negotiate LIKE A PRO.
Do not consider any company to help you.
If you must - go through the government agency that is there to help you at no cost.
NFCC.org - call the 800 number - don't do email.
Reviews call them angels - a non-profit there to help you.
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CatDad
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Stay away from any firm that says they’ll cut your debt in half. These firms have you deliberately default on your payments and trash your credit rating to settle for less. When you use such a firm, the monthly payment you make is going towards their settlement fees and to build a settlement account. Their fees are taken out first. Your credit cards will not be paid and will go into complete default during this process, which ruins your credit rating. This is deliberate so that they can attempt settlements for 50%.
These firms have warm-fuzzy “feel good” ads which give the impression that they are doing your credit card companies a favor and that they’ll gladly work with them. Many credit card card companies refuse to work with debt settlement firms. Your creditors are not obligated to take any settlement from anyone. You can never predict how your creditors will respond..they might settle at 50%...or they might serve you a summons, take you to court...and if they win, you could be looking at wage garnishment. If the process fails you can end up in a much worse financial situation where you’d have to file for Chapter 7 bankruptcy.
If you're struggling with credit card debt and you've exhausted all self help options, then there are really only 2 options: Entering a debt management plan through a non profit credit counseling firm like CCCS. They can negotiate reduced payments and interest but NOT settlements. Referral at: http://www.nfcc.org - If this does not work out, the other option is Chapter 7 bankruptcy. |
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