Cards

Posts Tagged ‘cards’

How hard is to recover from bad credit card collections?

Ok if you have a credit card go into collections 6 months ago, and have another credit card that is basically maxed and you don’t wont to make the several hundred dollar a month minimum so you stop paying. In 3 months its sent to collections so you then work with the collection agencies on both cards and get them squared away. How long will it take you to get to a good rating if you do everything right with your credit from here on out. I know 7 years clears a bankruptcy, but this isn’t a bankruptcy.

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Is it better to transfer credit card balances to 0% card or get personal loan to pay them off?

I have about ,000 in credit card debt and was wondering if it would be better for my credit to get a 0% transfer card and transfer my balances or get a personal loan to pay off the cards. I am a recent law school graduate and will be able to pay off the credit card or loan within the next 6 months. Thanks
Thanks for the responses! The 0% balance transfer option seemed the better choice to me but for some reason I feel like I’ve always heard that it can really hurt your credit rating if you pay off cards by getting a new card (which is why I considered the personal loan option).

The reason I feel forced to choose one or the other is that I was recently late in making one of my card payments (with the majority of debt on it) and my interest rate was increased to 22%. As I am still searching for a job and have student loan payments coming up, I just can’t afford to make the high minimum payments right now.

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I am a VERY small business, i accept credit cards but have a declined card…?

At the moment I am vending at a rennaissance festival and there is no electric available at this site so I have to call in card approvals. Although I literally have to drive 40 minutes to get a signal so I was calling them in when I got home. One of the cards was declined – for a about . Her bank slipped and said it was on hold for a late payment and to keep trying everyday. First may I say that I have a new pay as you go phone that gets signal in this area so I have learned my lesson quickly. I have her address and have sent her a letter. I also know where she works and have left 3 very benign, non threatening messages for her which she has not returned and I have tried her card everyday for 9 days (and will continue) all declined. I will call my bank to talk with them about what I can do but does anyone know what my options are? (short of showing up at her house and taking my stuff back!? which is tempting i must say)

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Is there a credit card with no fee balance transfer and a 0% APR on balance transfers?

Hi,

I made a big purchase in June and that bill (,000) is coming due in early August. I wouldn’t mind delaying that payment somehow. I was thinking of transferring the balance to another card if possible. Are there any good cards out there for such a thing? (I always pay my bills on time and have excellent credit.)

Thanks a lot!

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Transferring my overdraft to 0% Credit card – Good idea?

Hi,

I have an overdraft of 1250 with natwest. I Live in this overdraft and haven’t been in credit for a long time now.
I’m getting charged 47.23 in interest and charges each month, which could be better spent paying off the debt!

Is it a good idea for me to take out a 0% for 15 months card, using it ONLY to pay off my over draft?
I will setup a diredt debit or standing order to pay off credit card until its cleared within the 15months.
The card will not be used for purchasing or anything, ill destroy it once i’ve cleared the overdraft.

Will there be any charges or hidden costs i should be aware of? I never fully understand the jargen these companies use.

Thank you for your time

Rob
I’ve just looked this up…..

Virgin, 0% for 15 months. Longest deal, but with a 2.98% fee.

The longest deal available is with Virgin*, which lets new customers move debt to it at 0% for 15 months, with a one-off fee of 2.98%.

It’s long been a best buy though, which means many people already have the card, or one of its sister cards from the MBNA stable (inc. A&L). If that’s you, you may be rejected or given a lower credit limit. Plus be especially careful with MBNA cards to always make at least the minimum repayments on time, or you can lose the special deal and pay the standard 18.6% on all shifted debts.

This bottom part is what i dont understand…

Quick Stats. Promotional Rate: 0% for 15 months Fee? 2.98% (min £3) Standard rate: 18.6% APR for balance transfers.

Standard rate: 18.6% APR for balance transfers —–

is this the rate after the 15 months? Or will i have to pay this?

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How do you get a credit card or prepaid debit card for your small business?

How do you get a credit card or prepaid debit card for your small business…. I do not mean accept creditt cards, I mean like how do you get a visa or master card with your company name/logo on it for your customes to sepend with you, or perhaps wherever visa or master or discover card (whater he card it) is accepted?

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Will consolidating credit cards to a lower balance card impact my credit score?

I have 3 cards with balances of K, K, and .5K. I have been asked to consolidate those balances to a card that offers 0% APR until paid off. Will this move impact my credit score?

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How many Credit Cards should I have open at one time?

Right now I have 10 Credit accounts open. Ranges from 4.00 to 00.00 with a credit score of 728.

I have {content} balance all of my cards at this time.

I just applied to get a motorcycle and they denied me saying that I have too much revolved credit open.

I rent a apt due to the high housing prices. I have yet been able to afford a house due to those circumstances.

I have a couple questions that I hope can be answered.

1. How many Cards should I have open at one time?

2. I have heard having allot of closed accounts on your credit report looks bad. T or F (Explanation Please)

3. I have heard that you should always keep a small balance on all your cards. T or F (Explanation Please)

4. Should I try and get an outside loan from a banker or lender to get a lower APR than what they are offering at the dealership?

5. Any other useful tips to help keep my credit score on the rise without accruing allot of debt?

Thanks Allot.

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Can I cancel a credit card with a 0% APR within the intro period?

Firstly, I am completely opposed to credit. It scares me because of how much people go in debt to it. I want the card for a single purchase and then I want to scrap it. I’m looking into buying a Macbook for school and for mobile web design & photography work; stuff that generates me some money now. I’ve been looking at cards that offer no annual fees and a 0% APR because I don’t want to pay more than I have to. But I only plan to use this card for the Macbook and then I want to get rid of it and just pay the monthly fees. All of it will be paid off within one year which is how long the 0% APR lasts that I have been looking at. Can someone give me any advice? I just want to make payments on this computer and that be the end of it. I’m also upgrading my camera soon, so I’m selling stuff to afford that and I just want to use credit to get the laptop.

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Eliminate Credit Card Debt

Out of sight TRUTHS In relation to THE CREDIT CARD Business! 1) Ever heard of the illustration that the house forever wins? The credit card companies make the least amount payments so awfully low because the longer you pay hre more they make. The interest you compensate onyour credit cards compounds Day after day! That means that every month yur interest fees compound and your debt load increases. Pathways Financial will rally round you eliminate credit card debt! 2) Making minimum payments or paying one or two dollars more will not get you out of debt swift enough! With credit card companies charging intererest rates as high as they perhaps can, some as high as 32%, it container take you decades to pay down the balance. If you persist to use the card as you make minimum payments it will take that to a large extent longer. most persons are unaware that to effifiently start off paying down the balance of your credit cards, they should double or triple the minimum payment obligatory. 3) Legalized Loan sharks! If you attempt tom pay off your credit cards as fast as potential, bear in mind for all 00 you have a loan from, you will be paying back in the region of 00 We can help you eliminate credit card debt! 4) The irritating phone calls can end! Credit card companies and collection agencies can be wicked on the cell phone. Numerous patrons are scared by pressureof lawsuits ifexpenses arent sent instantly. The reality of the matter is, the calls the falsehood and the …