I am about $500 in credit card debt and with my current job I am unable to pay my credit card off before I leave for boot camp. Will the Navy help me with this debt? Will I be able to make my monthly payment in boot camp?|||One of the things you will do in boot camp is to visit the bank each pay day. You will also have a little time in the evenings each day for writing home, paying bills, and polishing your dockers. I suggest you pay off the credit card with in your first six weeks of boot camp, so that when you get out, you have no balance. While in boot camp, you will have almost everything you need to survive. So that is why it is a good time to pay that bill off quickly. Later in boot camp, you will get limited privileges to by soda or ice cream, but at first, no.
By the way, very quickly in boot camp you will be given and address (F.P.O.), and you give this to your family, friends, and credit card company. You will be able to get mail call every day that mail comes in.|||I don't know if you will have the opportunity to make the payments from boot camp. If you have the money to make the minimum payments for the time you will be in boot camp, you can have someone you trust make the payments for you. The credit card company really doesn't CARE who sends them the payment. They only care that it shows up on time.|||No the Navy will not help you with that debt.....it is YOUR debt, not the Navy's and NOT the taxpayers. You will need to take up that second question with your recruiter.|||No, the Navy will not help with your debt other than by paying you your military salary.
Saturday, December 17, 2011
Do we need credit card merchant account if we sell using Paypal?
Our company is planning to open an online store and accept online payments using Paypal (which we know can be used for credit card payments).
We are already an accredited credit card merchant, so do we need to get another MERCHANT ACCOUNT in order to accept credit card payments ONLINE?
Also, will ONLINE INVOICES created in Paypal be enough for BIR/government audit?|||Paypal will be your merchant account, so you don't need another one. In the US, Paypal's online statements are fine for tax auditing, but it'll be easier if you maintain your own books also.|||The best solution depends on your specific needs. the following website should help you figure out if you would better go for a regular merchant account versus a PayPal account.
http://www.webtys.com/small_business/article_paypal_vs_merchantaccount.php3|||No, but you might want to read some of the horror stories about businesses that have used Paypal as their merchant account. Just because Paypal gets paid doesn't always mean you will get your money promptly or at all..|||Paypal is terrible for merchant accounts, they hold your money for days and their rates are very high. Email me at teppo007@yahoo.com|||No
We are already an accredited credit card merchant, so do we need to get another MERCHANT ACCOUNT in order to accept credit card payments ONLINE?
Also, will ONLINE INVOICES created in Paypal be enough for BIR/government audit?|||Paypal will be your merchant account, so you don't need another one. In the US, Paypal's online statements are fine for tax auditing, but it'll be easier if you maintain your own books also.|||The best solution depends on your specific needs. the following website should help you figure out if you would better go for a regular merchant account versus a PayPal account.
http://www.webtys.com/small_business/article_paypal_vs_merchantaccount.php3|||No, but you might want to read some of the horror stories about businesses that have used Paypal as their merchant account. Just because Paypal gets paid doesn't always mean you will get your money promptly or at all..|||Paypal is terrible for merchant accounts, they hold your money for days and their rates are very high. Email me at teppo007@yahoo.com|||No
Do Credit Card Companies legally have the right to keep my personal information?
I recently paid off ALL of my CREDIT CARD DEBT. Was over $40k just a few years ago. . . So I called to cancel my credit cards and close my accounts. I also asked them to remove my name from their databases. They said they have to keep my personal info for tax purposes? I want my name out of their SERVERS! Help!|||Unfortunately, that won't happen. Banking rules and the Patriot Act require keeping that information for at least 10 years.|||I think they have the write to keep your information. Since you had a credit card with them then they can keep your info but not hand it out. Also if its for tax purposes they have to keep your info for that reason and then i assume they will delete it after they do their taxes|||Beat them up.|||Sorry, it does not work that way. Businesses don't delete their customer information the moment the customer stops dealing with them.|||The information will legally remain in their data base and in the data bases of the credit reporting agencies for at least 7 years.|||yes they have right to it. is for security issues stolen credit card and other stuff.|||If you tell the companies to keep you info confidential, they will.|||Sure. After all, you gave it to them
What are the best mobile electronic payment credit card pay options?
I have started a business selling accessories and I would like to have the option to accept credit cards. I have heard about Intuit and Square but I hear their are other options as well. What is the best company to go with to accept card card payments and why?|||Square Up.|||I don't know them, but also compare them to PayPal which is well known and takes most major credit cards.
You don't have to sell on Ebay to work with PayPal.|||i think paypal is a good way
You don't have to sell on Ebay to work with PayPal.|||i think paypal is a good way
Can anyone recommend a good credit card for someone with not so good credit?
As the result of some bad financial decisions and a divorce, my credit rating has gone down. I am trying to build it back up and wondered if someone could recommend a credit card I could get that would allow me to re-build my credit. I want a low set limit and as good of an interest rate as possible. Please help.|||Why do you want a low interest rate?
By carrying balances on credit cards and not paying in full you are only ruining your credit.
Why, oh why, don't people know this?
There is only one way to get top 800+ scores.
Use your card for things you need, and pay in full the day the bill comes in the mail.
Any other way can destroy your credit and your life.
This way you never pay a penny interest either.
If you have trouble getting a card, go to the bank and ask them for a secured card.
This card turns into a credit card in 6 months.
Use it unwisely - not paying in full - and it can take 2 years.
Stop fouling up your future - and learn how to use credit correctly.
Paying interst only harms you - pay in full - get top scores and top jobs - since employers check.
/|||You need to know your credit score and you have to pay for this (it's not free). Then, compare yourself to other people who recently got approved for credit cards. You can find this at www.financeglobe.com.
Your options are limited since you have bad credit. It looks like your best bet is to apply in this order:
1) High (%26gt;700) -- Citi Platinum, Chase Freedom, Capital One Rewards
2) Medium (600-700) -- Capital One Standard Platinum
3) Poor (%26lt;600) -- First Premier Gold, Orchard Bank Secured
I'm pretty sure that you're already in the poor category. In that case, try to get the Orchard Bank secured card. You need to put up a deposit between $250-$2000 and then that becomes your credit line. It's really good because it appears that someone is extending you a high credit limit, and you can upgrade to the better HSBC cards.
Avoid the First Premier Gold. I know you'll be approved for the unsecured card, but you'll pay like $300 in fees/yr for a $300 credit line. Sounds ridiculous, doesn't it? But to be fair, they help people build up their credit again.|||No such thing as a good credit card.
All credit cards will get you into debt.
Credit cards, like the fico score was designed to do nothing but get and keep you in debt.
The algorithm used to determine you credit score is all about how you interact with debt.
It's an I Love Debt score.
If you are responsible with your money and live on less than you make. If you pay as you go and save up an emergency fund. You will not have any payments. You will have money and you will not have to worship the great fico.
Messing with credit will ruin your life.
Debt free is the way to be!|||I recommend reading the following articles, the first is on rebuidling credit after a divorce:
http://www.creditinfocenter.com/divorce/鈥?/a>
And here is an index of other appropriate articles all about rebuilding credit:
http://www.creditinfocenter.com/rebuild/
Best of luck to you!|||Try to consult this with a debt consolidation company. They are able to help you to make the right decision.
Try this website:
http://www.1st-debt.com/|||If you don't a good credit it would be difficult to get any good credit card.
You can try any store charge card or GAS credit card as those are relatively easy to get an helps in building your score.|||Print out Judy's answer, put it in a nice frame, and hang it on your wall.
She is 100% correct.
By carrying balances on credit cards and not paying in full you are only ruining your credit.
Why, oh why, don't people know this?
There is only one way to get top 800+ scores.
Use your card for things you need, and pay in full the day the bill comes in the mail.
Any other way can destroy your credit and your life.
This way you never pay a penny interest either.
If you have trouble getting a card, go to the bank and ask them for a secured card.
This card turns into a credit card in 6 months.
Use it unwisely - not paying in full - and it can take 2 years.
Stop fouling up your future - and learn how to use credit correctly.
Paying interst only harms you - pay in full - get top scores and top jobs - since employers check.
/|||You need to know your credit score and you have to pay for this (it's not free). Then, compare yourself to other people who recently got approved for credit cards. You can find this at www.financeglobe.com.
Your options are limited since you have bad credit. It looks like your best bet is to apply in this order:
1) High (%26gt;700) -- Citi Platinum, Chase Freedom, Capital One Rewards
2) Medium (600-700) -- Capital One Standard Platinum
3) Poor (%26lt;600) -- First Premier Gold, Orchard Bank Secured
I'm pretty sure that you're already in the poor category. In that case, try to get the Orchard Bank secured card. You need to put up a deposit between $250-$2000 and then that becomes your credit line. It's really good because it appears that someone is extending you a high credit limit, and you can upgrade to the better HSBC cards.
Avoid the First Premier Gold. I know you'll be approved for the unsecured card, but you'll pay like $300 in fees/yr for a $300 credit line. Sounds ridiculous, doesn't it? But to be fair, they help people build up their credit again.|||No such thing as a good credit card.
All credit cards will get you into debt.
Credit cards, like the fico score was designed to do nothing but get and keep you in debt.
The algorithm used to determine you credit score is all about how you interact with debt.
It's an I Love Debt score.
If you are responsible with your money and live on less than you make. If you pay as you go and save up an emergency fund. You will not have any payments. You will have money and you will not have to worship the great fico.
Messing with credit will ruin your life.
Debt free is the way to be!|||I recommend reading the following articles, the first is on rebuidling credit after a divorce:
http://www.creditinfocenter.com/divorce/鈥?/a>
And here is an index of other appropriate articles all about rebuilding credit:
http://www.creditinfocenter.com/rebuild/
Best of luck to you!|||Try to consult this with a debt consolidation company. They are able to help you to make the right decision.
Try this website:
http://www.1st-debt.com/|||If you don't a good credit it would be difficult to get any good credit card.
You can try any store charge card or GAS credit card as those are relatively easy to get an helps in building your score.|||Print out Judy's answer, put it in a nice frame, and hang it on your wall.
She is 100% correct.
What is the best brand of credit card to get for an 18year old?
I want to start building my credit and I think getting a credit card is the best option. I want my maximum to be as low as possible so I don't go overboard on spending. What brand would be the best?|||As of February 2010, you have to be 21 unless you have a good job for at least 12 /18 months or you'll need a co-signer|||Sears, Macy's, any major department store card. Not too hard to get, posts to creditors 2-3 times a month, If it's solely to build creit, these type of cards report to the credit bureaus faster and affects your credit faster.
OOrrr...
It's basically a matter of preference Visa, Mastercard, Discover, Anerican Express, all are big names. Discover has the gimmick of 1% back on all purchases. You want to thoroughly research whichever card you decide to go with as far as, is there a yearly charge? How much is it? What's my interest rate going to be? Your best bet is to compare companies with the pros and cons and go with whichever one stands out, truth is, most cc comapnies are alot alike, its the fine print that gets ya. Which ever way you decide to go, when building credit, get a low line of credit, 500.00 or less, make small purchases, and pay the balance in a month or 2 to avoid the high interest rates. Whatever you do, do not max out your card and pay the minimum due every month, or you will pay an astronomical amount in interest and fees for your card. So the answr? There is no "right" card, just do the research, compare, and go with the best deal, lowest interest yearly fees etc.
best of luck!|||no credit card is the best credit card.... It keeps you out of debt...
But to answer your question. It might be better to apply for a credit card at a place you shop at most. Target, Wal-mart Sears, etc. Do a lot of card shopping first and pick one with a low APR. Make sure that NONE of your payments are late or the rate will go up fast. Make sure you pay the entire balance due every month and not just the minimum payment. If you only pay the minimum balance due, then you will spend way too much money on interest in the long run. And companies like it when you pay in full and they may report positive feedback to the credit bureau's faster. Good Luck and play is smart!|||Any major card is OK. They are not going to give you much credit anyway...
Or they might. They are alwasy looking for indentured workers...
OOrrr...
It's basically a matter of preference Visa, Mastercard, Discover, Anerican Express, all are big names. Discover has the gimmick of 1% back on all purchases. You want to thoroughly research whichever card you decide to go with as far as, is there a yearly charge? How much is it? What's my interest rate going to be? Your best bet is to compare companies with the pros and cons and go with whichever one stands out, truth is, most cc comapnies are alot alike, its the fine print that gets ya. Which ever way you decide to go, when building credit, get a low line of credit, 500.00 or less, make small purchases, and pay the balance in a month or 2 to avoid the high interest rates. Whatever you do, do not max out your card and pay the minimum due every month, or you will pay an astronomical amount in interest and fees for your card. So the answr? There is no "right" card, just do the research, compare, and go with the best deal, lowest interest yearly fees etc.
best of luck!|||no credit card is the best credit card.... It keeps you out of debt...
But to answer your question. It might be better to apply for a credit card at a place you shop at most. Target, Wal-mart Sears, etc. Do a lot of card shopping first and pick one with a low APR. Make sure that NONE of your payments are late or the rate will go up fast. Make sure you pay the entire balance due every month and not just the minimum payment. If you only pay the minimum balance due, then you will spend way too much money on interest in the long run. And companies like it when you pay in full and they may report positive feedback to the credit bureau's faster. Good Luck and play is smart!|||Any major card is OK. They are not going to give you much credit anyway...
Or they might. They are alwasy looking for indentured workers...
Why do people complain about credit card companies?
I worked at Chase for about two months, and learned a lot while I was there that I didn't know before, so I can understand that some of it is just that people don't know how credit cards work. But why won't they listen when we try to explain it? Like the finance charges being done a month behind, for example, means that if you pay off your credit card in 10 days rather than 30, you get charged 10 days of finance charges. Other credit cards charge you the same month, and you get charged 30 days worth, regardless of when you pay it off. So w/ chase you save 20 days worth of finance charges. Plus, if you avoid finance charges by paying in full each month, you're considered non-profitable. That means no fees will be waived unless there was an error caused by the company. (non-reciept of your statement is NOT company's fault, besides, there are at least three other ways to pay your credit card bill besides snail mail).
Why is it people don't want to understand this?|||Simple... if they understand, it means taking personal responsibility. It's easier to blame the bank for their paying extra fees. It can never be their fault.
Truly sad.. isn't it? Your job is to not get personally involved with people like this. They'll drive you crazy.|||"If only the human race would accept responsibility for itself. There's a reason I have such a grim view of people."
I agree with this statement whole-heartedly.
Why is it people don't want to understand this?|||Simple... if they understand, it means taking personal responsibility. It's easier to blame the bank for their paying extra fees. It can never be their fault.
Truly sad.. isn't it? Your job is to not get personally involved with people like this. They'll drive you crazy.|||"If only the human race would accept responsibility for itself. There's a reason I have such a grim view of people."
I agree with this statement whole-heartedly.
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When you use a debit card as a credit card, does it help build your credit when you pay?
Also, do you have to pay right away or can you postpone paying for what you bought like a regular credit card. Does the money get taken off your account automatically like a debit card or do you okay it first. I have a Mastercard debit card and I need to build my credit, but I don't know how using it like a credit card works.|||If you are choosing the credit option rather than debit when making a purchase, then you are using credit and it will improve your score. I would use an independent card (rather than the debit card) for true credit purchases though.
There is one company in particular (I don't use names when making recommendations), whose customer service far exceeds that of the other companies with regard to credit purchases. Do some research and get one from them.|||Not one bit.
What you have is a debit card that can be "ran" as a credit or debit.
It all comes out of your checking account the same.\
If you get a credit card, and you postopone "pay only the minimum" you run a risk of seriously ruining your credit.
Remember that employers check, so do landlords and car insurance companies.
Don't foul up your life with a credit card.
If you charge something, pay it in full when the bill comes in the mail|||You do not build credit with a debit card because you are not using another person's money to pay for things and you pay them back. A debit card does what it says, it debits your bank account. (usually in 24 hrs) of purchase. So, you can only spend what you have in the bank account. That is your money, not Visa or Mastercard's or any other company. Thus you will not get credit built up. Most companies use there logos on debit cards for people that don't have credit cards so that people may shop online with money from their account, book hotel rooms and flights etc.
There is one company in particular (I don't use names when making recommendations), whose customer service far exceeds that of the other companies with regard to credit purchases. Do some research and get one from them.|||Not one bit.
What you have is a debit card that can be "ran" as a credit or debit.
It all comes out of your checking account the same.\
If you get a credit card, and you postopone "pay only the minimum" you run a risk of seriously ruining your credit.
Remember that employers check, so do landlords and car insurance companies.
Don't foul up your life with a credit card.
If you charge something, pay it in full when the bill comes in the mail|||You do not build credit with a debit card because you are not using another person's money to pay for things and you pay them back. A debit card does what it says, it debits your bank account. (usually in 24 hrs) of purchase. So, you can only spend what you have in the bank account. That is your money, not Visa or Mastercard's or any other company. Thus you will not get credit built up. Most companies use there logos on debit cards for people that don't have credit cards so that people may shop online with money from their account, book hotel rooms and flights etc.
One has a credit card with an excellent credit score of 865. What are the extreme benefits?
With a credit card score of 865, what kinds of excellent benefits will there be? I am just curious. I know an average score would be in upper 600's.|||With a credit score in the 800's, you can get approved for almost any credit card you choose. Take a look here for some of the best deals for people with EXCELLENT credit:
http://www.asapcreditcard.com/good-credi鈥?/a>
Hope this helps. GOOD LUCK!|||We have high credit scores. When we went to apply for a mortgage we got a good rate and didn't need to submit any paperwork. No proof of income or anything. It was a breeze. I was shocked.|||You earned good credit..dont blow it..|||the benifits? you can get into extreme debt very easily.|||I thought the highest score was 850. You can get some low rates with a score in the 800s.|||lower car insurance?|||Pretty much it all comes down to the APR and when you submit an application. someone with that kind of score 850 being the highest, you can get very low interest rates, higher credit line, and instant approval for any kind of loan. Some places will even have cash back benefits for being so responsible.
http://www.asapcreditcard.com/good-credi鈥?/a>
Hope this helps. GOOD LUCK!|||We have high credit scores. When we went to apply for a mortgage we got a good rate and didn't need to submit any paperwork. No proof of income or anything. It was a breeze. I was shocked.|||You earned good credit..dont blow it..|||the benifits? you can get into extreme debt very easily.|||I thought the highest score was 850. You can get some low rates with a score in the 800s.|||lower car insurance?|||Pretty much it all comes down to the APR and when you submit an application. someone with that kind of score 850 being the highest, you can get very low interest rates, higher credit line, and instant approval for any kind of loan. Some places will even have cash back benefits for being so responsible.
What is a good credit card/company for daily shopping that will earn my skymiles?
what is a good credit card or bank that offers credit cards that i can use for daily expenses and will earn me skymiles for different airlines like continental, united, jet blue, delta etc?|||Hi,
I have the Starwood Hotels Amex which I love. I can pay many bills with it and I get Hotel points that can be swapped by air miles 1:1 ratio with different airlines
Starwood Amex
http://www.cardoffers.com/introCreditCar鈥?/a>
User Reviews
http://www.cardoffers.com/introComments/鈥?/a>
Many Airline cards
http://www.cardoffers.com/introCreditCar鈥?/a>
and their user reviews
http://www.cardoffers.com/introComments/鈥?/a>
I personally love to read a lot of user reviews before making any purchase or financial commitment
I have the Starwood Hotels Amex which I love. I can pay many bills with it and I get Hotel points that can be swapped by air miles 1:1 ratio with different airlines
Starwood Amex
http://www.cardoffers.com/introCreditCar鈥?/a>
User Reviews
http://www.cardoffers.com/introComments/鈥?/a>
Many Airline cards
http://www.cardoffers.com/introCreditCar鈥?/a>
and their user reviews
http://www.cardoffers.com/introComments/鈥?/a>
I personally love to read a lot of user reviews before making any purchase or financial commitment
What are some practical ways to get a credit score without getting a credit card?
I have no credit at all because I don't make large purchases, and I don't use credit cards. What are some good ways to get a credit score without getting a credit card? I have a checking account will that help in any way?|||Unfortunately, these previous two answers are inaccurate - as is VERY common with consumers today. We just aren't told accuracies because few people truly KNOW them because we aren't taught. I have 20 years experience in credit and finance and now head a consumer awareness program for consumers in and the following is FACT:
1) You do NOT need credit cards to establish and create credit scores but read on
2) You DO need MINIMUM 3 accounts to get a credit score
3) You do NOT need to be in 'debt' to get a credit score
ALL of these are 'myths' we must dispel. Here is what you NEED to do, whether you like it or not - and please realize I am NOT a fan of the conspiracy of credit - but we need to deal with it.
Quickest, easiest and cheapest way:
1) 1 account - go to your bank where you have your account, have them do a 'secured' loan against some of your balance. Let's say $1000 loan. they will take $1000 of your balance and put it into a different account or 'freeze' that amount in your account. You then make the monthly payments to pay the loan off - do NOT pay it off earlier than 1 year. Since you are establishing credit - you want to start establishing decent LENGTH of credit accounts.
2) Then research the National Banks that have 'Secured Credit Cards' and obtain one. ONLY use TRULY secured credit cards which work identically to the secured loan with your bank that we discussed here. DO NOT use ANY OTHER TYPE OF CARD OFFER YOU SEE. They Scams meant to get consumers who don't want to part with any of their money and deposit with a bank and are RIDDLED with hidden fees and WILL RUIN your credit before you EVER get it built. BTW, you technically CAN use the $1000 dollars from your bank loan to deposit for the secured credit card - I don't recommend it but you can.
3) Then do the same thing again for ANOTHER Secured Credit Card just as in step 2 - don't worry if the credit limits are $500 or $1000 based on your deposit, these work just fine - BUT don't get cards with only $250 limits - one if you HAVE to, but not both.
4) You MUST USE YOUR CARDS to be certain they report to the bureaus. BUT DON'T PAY INTEREST on them, this is not necessary. Just pay off the balance AS SOON AS THE BILL comes in. If you don't LIKE the idea of credit that's fine - pay only the stuff you'd use cash for in the first place like gas or a loaf of bread - IT DOESN'T MATTER how much you charge on the account - only that you USE the card.
5) Lastly AND EXTREMELY importantly, find a resource for Learning about credit and your finances - since you're new to this, you MUST get all of the education possible. Credit Literacy Group will be online inside of the next 30 - 60 days and if you are a student, military or first responder the access is free to you.
In no time at all, you'll be offered many other credit cards. You'll be then able to to open new accounts and obtain your deposits back. The banks you opened the Secured Cards with, will likely make you this offer to return your money.
Once you have become aware and knowledgeable about credit by learning in step 5, you'll be unafraid of credit and see the necessity for it. UNFORTUNATELY it IS needed - not the debt but the scores. Credit Scores are NOT ONLY used for credit offers anymore but now even:
- employment, insurances (health, home, auto and life), and soon much much more.
So you MUST get scores and learn how to manage them - PLEASE for your sake take these steps INCLUDING the learning -it is essential.
Good luck!|||You don't need credit card but you need a history of paying back loans, such as car loans, home loans. Checking accounts helps but not much in building your credit history. The information in your checking account will not be visible to other companies and thus cannot be used as a credit history.|||Hmm..somebody told me once to get like a gas card or something and that could build some credit but idk if that would work. My suggestion is for you is to just get a credit card with the lowest amount possible and just use it to get like a coffee or something every week or so. That way when you pay it back its not an overwhelming amount. You do NOT want to max it out like i did with mine lol|||You could get a small loan from your bank, a few hundred dollars and pay it back over time so they report it. You can get a secured loan or credit card, a store credit card but basically you have to have debt (short term) to get a credit score.|||no cradit card, means no credit records for your credit score, so you need a credit card to have a credit score
1) You do NOT need credit cards to establish and create credit scores but read on
2) You DO need MINIMUM 3 accounts to get a credit score
3) You do NOT need to be in 'debt' to get a credit score
ALL of these are 'myths' we must dispel. Here is what you NEED to do, whether you like it or not - and please realize I am NOT a fan of the conspiracy of credit - but we need to deal with it.
Quickest, easiest and cheapest way:
1) 1 account - go to your bank where you have your account, have them do a 'secured' loan against some of your balance. Let's say $1000 loan. they will take $1000 of your balance and put it into a different account or 'freeze' that amount in your account. You then make the monthly payments to pay the loan off - do NOT pay it off earlier than 1 year. Since you are establishing credit - you want to start establishing decent LENGTH of credit accounts.
2) Then research the National Banks that have 'Secured Credit Cards' and obtain one. ONLY use TRULY secured credit cards which work identically to the secured loan with your bank that we discussed here. DO NOT use ANY OTHER TYPE OF CARD OFFER YOU SEE. They Scams meant to get consumers who don't want to part with any of their money and deposit with a bank and are RIDDLED with hidden fees and WILL RUIN your credit before you EVER get it built. BTW, you technically CAN use the $1000 dollars from your bank loan to deposit for the secured credit card - I don't recommend it but you can.
3) Then do the same thing again for ANOTHER Secured Credit Card just as in step 2 - don't worry if the credit limits are $500 or $1000 based on your deposit, these work just fine - BUT don't get cards with only $250 limits - one if you HAVE to, but not both.
4) You MUST USE YOUR CARDS to be certain they report to the bureaus. BUT DON'T PAY INTEREST on them, this is not necessary. Just pay off the balance AS SOON AS THE BILL comes in. If you don't LIKE the idea of credit that's fine - pay only the stuff you'd use cash for in the first place like gas or a loaf of bread - IT DOESN'T MATTER how much you charge on the account - only that you USE the card.
5) Lastly AND EXTREMELY importantly, find a resource for Learning about credit and your finances - since you're new to this, you MUST get all of the education possible. Credit Literacy Group will be online inside of the next 30 - 60 days and if you are a student, military or first responder the access is free to you.
In no time at all, you'll be offered many other credit cards. You'll be then able to to open new accounts and obtain your deposits back. The banks you opened the Secured Cards with, will likely make you this offer to return your money.
Once you have become aware and knowledgeable about credit by learning in step 5, you'll be unafraid of credit and see the necessity for it. UNFORTUNATELY it IS needed - not the debt but the scores. Credit Scores are NOT ONLY used for credit offers anymore but now even:
- employment, insurances (health, home, auto and life), and soon much much more.
So you MUST get scores and learn how to manage them - PLEASE for your sake take these steps INCLUDING the learning -it is essential.
Good luck!|||You don't need credit card but you need a history of paying back loans, such as car loans, home loans. Checking accounts helps but not much in building your credit history. The information in your checking account will not be visible to other companies and thus cannot be used as a credit history.|||Hmm..somebody told me once to get like a gas card or something and that could build some credit but idk if that would work. My suggestion is for you is to just get a credit card with the lowest amount possible and just use it to get like a coffee or something every week or so. That way when you pay it back its not an overwhelming amount. You do NOT want to max it out like i did with mine lol|||You could get a small loan from your bank, a few hundred dollars and pay it back over time so they report it. You can get a secured loan or credit card, a store credit card but basically you have to have debt (short term) to get a credit score.|||no cradit card, means no credit records for your credit score, so you need a credit card to have a credit score
Why do debit card companies want you to slide your debit as a credit card?
I signed up for this chase extras promotion crap. And apparently, to gain points, I can only swipe my debit card as a credit, in order to get points.
Why is this the case, and why do so many credit/debit companies encourage you to swipe your DEBIT card as a credit card and sign?
Thanks, all answers are appreciated.|||Because when you use a credit card, the merchant has to pay a fee, which is usually 3% to the bank. So...this way the bank makes more $.|||The reason is that the fees earned for debit card use are negligible. The fees for credit card use are close to 3% of the transaction.
Personally I refuse to own a debit card because you have absolutely no protection.
Why is this the case, and why do so many credit/debit companies encourage you to swipe your DEBIT card as a credit card and sign?
Thanks, all answers are appreciated.|||Because when you use a credit card, the merchant has to pay a fee, which is usually 3% to the bank. So...this way the bank makes more $.|||The reason is that the fees earned for debit card use are negligible. The fees for credit card use are close to 3% of the transaction.
Personally I refuse to own a debit card because you have absolutely no protection.
How long before a credit card charge shows on account?
If I run my debit card as a credit card how long does it usually take to draft from my bank account? Lets say I pay for groceries with it on credit, when might the cash show as being taken from the account?|||This is something that varies from bank to bank, and should really be asked of your financial institution that issues your card. Relying on advice here might put you in an awkward situation if something goes awry.|||When it comes to making purchases with a Visa or MasterCard branded debit card, the choice between "Debit" or "Credit" only selects the path the transaction takes through the banking system. The credit card option often costs more to process, but in either case, the money is deducted from your account as soon as your bank gets wind of it. Usually that's in just a few moments.|||Mine show within 24 hours.
What are some legit credit card companies that will offer me a card even though I have a bad credit score?
I have never owned a credit card and I owe collections $400. Does anyone know where I can get a credit card offer regardless of my bad credit score?|||Start at your bank.
Go for a prepaid or secured card first. This will allow you to build credit without going into debt.
Otherwise try Sears. It's also a good start, easy to get, and usually such a tiny limit that you can't get into trouble.
Go for a prepaid or secured card first. This will allow you to build credit without going into debt.
Otherwise try Sears. It's also a good start, easy to get, and usually such a tiny limit that you can't get into trouble.
Any way to talk a credit card company into giving you a card?
I am wondering if there is any way to talk a credit card company into giving you a card or being able to transfer your balance to them...? I have a Capital One card now (big mistake) and a child on the way and Capital One is messing around big time with me so I'm never coming out ahead after my payments. I want to open another credit card with a different company but I keep getting turned down. Is there a good way to talk to someone about getting one?|||If you "keep" getting turned down, that means that you kept applying, so it is probably too late now. Every application hurts your credit score, and your chances of any subsequent application being approved. Stop applying immediately, and wait more than a year before you apply again. When you "keep" applying, you keep get rejected. That is how it works. To be approved even once, you should apply much less.|||well where does your credit score stand at right now? that has allot to do with it also have you talked with cor pt and see if they can help you out with your mess, remember every time your ask for a card its a hit on your credit report and score too many dings is not a good thing and good luck and the next at least 18 yrs plan your child|||what exactly is the definition of "messing around big time with you"? What makes you think another lender will be any different?|||Capital One is one of thee best there is.. so that cant be really whats going on....|||There is no way to "talk" a credit card company into giving you a card. You apply and they review your credit. If you are being turned down, that means your credit isn't good enough. Even if you could qualify for another card, shifting the debt to another credit card isn't the answer.
I suspect you have run up the balance on that Capital One card and are only making minimum or slightly more payments. That's a formula to get you rated as a higher risk. You need to stop charging on that card and work on making larger payments to pay off that balance.
Maybe you should check with a NFCC credit counseling service: http://www.nfcc.org/. These are legit, non-profit companies that offer debt management programs for a nominal fee. They negotiate lower interest and payments so you can pay off all your credit card debt. When you complete the program, you will have decent credit.|||bah hahahahahahahahahahahahahahahahahahahaha鈥?br>
cry all you want, these banks are not like your momma and wont give you a card just because you cried to them.
Get on it buddy if your getting declined its because your credit score is not good enough. Why dont you work on fixing that problem so in two years you would be able to get any card you want with your marvelous credit score
I suspect you have run up the balance on that Capital One card and are only making minimum or slightly more payments. That's a formula to get you rated as a higher risk. You need to stop charging on that card and work on making larger payments to pay off that balance.
Maybe you should check with a NFCC credit counseling service: http://www.nfcc.org/. These are legit, non-profit companies that offer debt management programs for a nominal fee. They negotiate lower interest and payments so you can pay off all your credit card debt. When you complete the program, you will have decent credit.|||bah hahahahahahahahahahahahahahahahahahahaha鈥?br>
cry all you want, these banks are not like your momma and wont give you a card just because you cried to them.
Get on it buddy if your getting declined its because your credit score is not good enough. Why dont you work on fixing that problem so in two years you would be able to get any card you want with your marvelous credit score
How do you start a credit card company?
I am contemplating offering a credit card for a retail item example (bowflex card) which I believe is backed by HSBC... I have the money to back the card but am unsure of the licensing and regulation. I am in NY and I wanted to see if anyone on this board could point me in the right direction.|||Join LinkedIn if you are not a member and join the Special Interest Group named Consumer Finance Professional. Pose the question in a way that lets people know you have capital but need to organize a team of professionals who can make this real. Someone in this group might be able to point you in the right direction.|||for help ; open the third %26amp; sixth link in: www.credit-debit-card.co.cc
What happens if your credit card gets declined?
I pay $34 a month for a gym membership. Ive been broke as hell lately due to less hours at work and i only had 28 dollars in my card. What will happen if the gym charges my card and it gets declined? Will it effect my credit? Also how do you max out your credit card? If i have 28 in my card and i try to pay more than that i will just get declined. Would i have to spend exactly $28 dollars to max it out?|||There is something called "an over the limit fee".
There is a reason this fee exists on credit cards.
It could be a $39 fee.
The card could also be declined depending on your card company.
Google your card and see what fees they carry for this.
Do you realize you are maxed out?
Did you know this is horrible for your credit?
Any time you use more than 30% of your available credit limits you are reducing your score.
Max out and you are causing utter devastation.
/
/|||Is it your debit card? If so, you could be charged over draft fees (if the bank approves the transaction).
Is it a credit card? If you go over the limit, there may be recourses for your creditor to raise the interest rate, charge late fees, charge over-the-limit fee, and/or close the account.
READ your GYM membership CONTRACT. Of course, if you don't pay it or don't fulfill the contract the gym can do what they want to get the money : go to court, send you to collections, or demand your full payment. I doubt they even have it on your credit at all, but they could report it if you don't pay it at all.
Cheers!
There is a reason this fee exists on credit cards.
It could be a $39 fee.
The card could also be declined depending on your card company.
Google your card and see what fees they carry for this.
Do you realize you are maxed out?
Did you know this is horrible for your credit?
Any time you use more than 30% of your available credit limits you are reducing your score.
Max out and you are causing utter devastation.
/
/|||Is it your debit card? If so, you could be charged over draft fees (if the bank approves the transaction).
Is it a credit card? If you go over the limit, there may be recourses for your creditor to raise the interest rate, charge late fees, charge over-the-limit fee, and/or close the account.
READ your GYM membership CONTRACT. Of course, if you don't pay it or don't fulfill the contract the gym can do what they want to get the money : go to court, send you to collections, or demand your full payment. I doubt they even have it on your credit at all, but they could report it if you don't pay it at all.
Cheers!
Is opening and canceling a credit card in a week bad for your credit score?
I have an opportunity to save $30 on a TV by signing up for a credit card. Will it hurt my credit score if I open it and cancel it in a week? I know you're not supposed to cancel cards you've had for a while, but I wasn't sure about this.|||It would depend on your personal credit file.
www.myfico.com has some great info on how the bureaus come up with your credit score... you'd be surprised at what people look for!
For example, I used to be a loan officer for a mortgage company. If someone had $10k in medical bills, we didn't care. If they had maxxed out credit cards, though... we had to come up with an excuse for the lender to hear.
A direct link to some free downloads on credit score information - http://www.myfico.com/crediteducation/br鈥?/a>|||Your credit takes a hit every time you apply for a card. Not sure about cancelling though. |||Yes, the general rule is that you never want to completely cancel a credit card if you are planning on applying for a loan, mortgage etc in the next 24 months (unless their is an annual fee or something) because this does hurt your credit score. I would leave the card account open but cut the card up. This explains it much better than I ever could - http://creditshout.com/credit-cards-to-cancel-or-not-to-cancel/|||That really depends. If you intend to close it there are several factors you need to look into over the entire transaction. And in my opinion the negatives outweigh the positives...
1 - A search hit on your credit history (negative)
2 - Increase in your overall outstanding line of credit (neutral)
3 - Increase in your credit line (negative)
4 - Full payment before due (slight positive).
To truly take advantage what you should do is not close the card immediately, but keep it to buy more things instore for discounts and use the card at least twice a month and never more than 30% of the overall balance and pay before the due date on your statement.
Use it to build your credit score so it does not be a burden. You can get more data at http://www.instantapprovalcreditcard.inf鈥?/a>
www.myfico.com has some great info on how the bureaus come up with your credit score... you'd be surprised at what people look for!
For example, I used to be a loan officer for a mortgage company. If someone had $10k in medical bills, we didn't care. If they had maxxed out credit cards, though... we had to come up with an excuse for the lender to hear.
A direct link to some free downloads on credit score information - http://www.myfico.com/crediteducation/br鈥?/a>|||Your credit takes a hit every time you apply for a card. Not sure about cancelling though. |||Yes, the general rule is that you never want to completely cancel a credit card if you are planning on applying for a loan, mortgage etc in the next 24 months (unless their is an annual fee or something) because this does hurt your credit score. I would leave the card account open but cut the card up. This explains it much better than I ever could - http://creditshout.com/credit-cards-to-cancel-or-not-to-cancel/|||That really depends. If you intend to close it there are several factors you need to look into over the entire transaction. And in my opinion the negatives outweigh the positives...
1 - A search hit on your credit history (negative)
2 - Increase in your overall outstanding line of credit (neutral)
3 - Increase in your credit line (negative)
4 - Full payment before due (slight positive).
To truly take advantage what you should do is not close the card immediately, but keep it to buy more things instore for discounts and use the card at least twice a month and never more than 30% of the overall balance and pay before the due date on your statement.
Use it to build your credit score so it does not be a burden. You can get more data at http://www.instantapprovalcreditcard.inf鈥?/a>
How long does it take for credit card companies to report to credit report?
I have one credit card and its always paid I have had it for about 4 months and my credit score is still 0 and shows no credit card accounts how long does it take for them to report it ?|||http://wiz.sc/credit-report is a good site to go to, to get credit report advice.|||Its takes at least 1 year for you to build up credit on a credit card. And it also depends on where you are looking at your credit score. If you are looking on an online website like freecreditreport.com most likely it will not be right because most banks and other places that look at your credit score have 3 major scales that the look at: exprion, equifax and 1 other.|||Normally it should only take 3 months. Be patient because before you know it, you will have your credit score. I think it does take more than one creditor though. ( I could be wrong) Good luck %26amp; don't get too in debt, because it is not worth it!|||Capital One had a credit report monitoring service they signed me up for when I got my first credit card from them. After about 6 months of a 0 credit score, I switched to Experian Credit Expert. It is costing about twice as much, but I found there was actually a lot of information on my credit report where the old service showed nothing.
I think having a service directly from a credit bureau like Credit Expert from Experian is probably much better.|||Credit cards usually report within 60 days. However, you will need a minimum of 6 months before you have a score of any sort. Best way to build your score is to use the card and pay it in full every month.
Don't waste money on monitoring services. You really don't need to be checking your score every week or month.|||Credit companies (car loans and home loans too) are typically about 30 to 60 days behind. If it's a NEW card, the first recording could take 3 months or a little more. My friend bought a car and it took 6 months to actually show up on her credit report.
I think having a service directly from a credit bureau like Credit Expert from Experian is probably much better.|||Credit cards usually report within 60 days. However, you will need a minimum of 6 months before you have a score of any sort. Best way to build your score is to use the card and pay it in full every month.
Don't waste money on monitoring services. You really don't need to be checking your score every week or month.|||Credit companies (car loans and home loans too) are typically about 30 to 60 days behind. If it's a NEW card, the first recording could take 3 months or a little more. My friend bought a car and it took 6 months to actually show up on her credit report.
Which is the best secured credit card to get if you have bad credit?
I am looking for a secured credit card that has the lowest interest rate and the lowest deposit amount. Also a need a card that will be reported to all three credit bureaus.|||None of them.
You are paying interest to get a card that allows you to use your own money.
You're better off going to the bank and saying "I have some cash, and would like to buy some FICO points". Because once they finish with the shell game, that's what you've done.|||if you have bad credit, you could still be able to get a secured (typically, deposit is at $300) or an unsecured credit card for that matter, just do a little shopping for different cards, there are several that are offered to people with bad credit... and when you're at it, or when you already have one, try to practice monitoring your credit and try to keep it 'clean' as much as you can, this way you'll start to build your credit once again...|||Bank of America Secured credit card, Applied Bank Secured Visa and/or New Millennium Bank Secured. http://bestcreditcardratings.com/secured|||This is one I found:
http://www.buildcreditblog.com/secured-c鈥?/a>
You are paying interest to get a card that allows you to use your own money.
You're better off going to the bank and saying "I have some cash, and would like to buy some FICO points". Because once they finish with the shell game, that's what you've done.|||if you have bad credit, you could still be able to get a secured (typically, deposit is at $300) or an unsecured credit card for that matter, just do a little shopping for different cards, there are several that are offered to people with bad credit... and when you're at it, or when you already have one, try to practice monitoring your credit and try to keep it 'clean' as much as you can, this way you'll start to build your credit once again...|||Bank of America Secured credit card, Applied Bank Secured Visa and/or New Millennium Bank Secured. http://bestcreditcardratings.com/secured|||This is one I found:
http://www.buildcreditblog.com/secured-c鈥?/a>
How do I establish credit if I do not want to get a credit card?
I was told today that I can have a credit card. I like to save up money and then buy what I can. I do NOT want to buy something with money I do not have, and then make payments/debt. A credit card just is not my style. Oh and then credit card also have extra fees, and I do not understand how they work. Is there another way to establish credit without payments?|||There are only 2 ways to establish credit.
Either by using credit cards (revolving accounts) or by taking out a car, boat, motorcycle, computer, furniture, home or other type of personal installment loan and making the payments as agreed.
Simply use the cards for everyday things you would normally pay cash for and pay them off in full every month before the due dates.|||How I use my credit cards.
I use one for gas, and one for food.
When the bill comes in I pay the bill in full.
I have never paid a penny in fees or in interest.
I have 800+ scores just by using credit cards alone.
Any other way of establishing credit will cost you.
That is when establishing credit does not make sense.
Read all you can about credit cards.
More than 52% of the population pay in full each month.
They are the ones that carry top scores and have never paid any interest.
Consider getting a card and using it for only things you need.
Never buy anything that you can't afford to pay in full eat the end of the month.
Credit is an important part of your life.
Employers check, so do landlords and car insurance companies.
And.. you may want to buy a home someday many years in the future.
A good credit history will come in handy...|||Yes. Take a personal loan from your bank for 1000 for a 12 month term. Put the money in your Account and make a payment each month. Pay it back in full in 11 months. You have now established credit|||You could try a mail order catalogue. From this you will achieve a credit history without much pain. You must be good at paying back on time. Spend in small amounts only. Don't get into debt and demands.|||There is no way to establish credit unless you take a loan or get a credit card and USE it.
Either by using credit cards (revolving accounts) or by taking out a car, boat, motorcycle, computer, furniture, home or other type of personal installment loan and making the payments as agreed.
Simply use the cards for everyday things you would normally pay cash for and pay them off in full every month before the due dates.|||How I use my credit cards.
I use one for gas, and one for food.
When the bill comes in I pay the bill in full.
I have never paid a penny in fees or in interest.
I have 800+ scores just by using credit cards alone.
Any other way of establishing credit will cost you.
That is when establishing credit does not make sense.
Read all you can about credit cards.
More than 52% of the population pay in full each month.
They are the ones that carry top scores and have never paid any interest.
Consider getting a card and using it for only things you need.
Never buy anything that you can't afford to pay in full eat the end of the month.
Credit is an important part of your life.
Employers check, so do landlords and car insurance companies.
And.. you may want to buy a home someday many years in the future.
A good credit history will come in handy...|||Yes. Take a personal loan from your bank for 1000 for a 12 month term. Put the money in your Account and make a payment each month. Pay it back in full in 11 months. You have now established credit|||You could try a mail order catalogue. From this you will achieve a credit history without much pain. You must be good at paying back on time. Spend in small amounts only. Don't get into debt and demands.|||There is no way to establish credit unless you take a loan or get a credit card and USE it.
What happens to the credit card debt when your parents pass away?
What happens to credit card debt when one's parents pass away in the event that they do not have an estate, BUT the children do have an estate (real estate, etc)?
Morbid, but just wondering.|||The other posters are correct. As long as your parents had nothing to probate, then the debt will cease with their death.
However, as an aside, I found something the other day that was rather disturbing. It seems that there are these "niche" collection agencies that actually specialize in probate collections. I guess this is where people get the idea that collectors are ghouls. :)
http://www.probate-services.com|||When someone dies leaving debt and no assets, the debt dies with the person.
You send a letter to all the creditors, informing them of the death and lack of forthcoming payment. Include a photocopy of the death certificate -- certified copies are expensive and they don't need a certified copy.
In some cases you have to send it a couple times before the credit card company stops trying to collect.|||My neighbor's brother-in-law died. She had to settle the Estate and then keep what left. I guess that how it work. If, they not have an estate then guess the credit cards can send them a bill. But, you not liable for another person's debts, unless you signed something.|||I don't understand your question. You mean what happens to your moms credit card balance if your mom passes away? Or what happens to your credit card balance?
Morbid, but just wondering.|||The other posters are correct. As long as your parents had nothing to probate, then the debt will cease with their death.
However, as an aside, I found something the other day that was rather disturbing. It seems that there are these "niche" collection agencies that actually specialize in probate collections. I guess this is where people get the idea that collectors are ghouls. :)
http://www.probate-services.com|||When someone dies leaving debt and no assets, the debt dies with the person.
You send a letter to all the creditors, informing them of the death and lack of forthcoming payment. Include a photocopy of the death certificate -- certified copies are expensive and they don't need a certified copy.
In some cases you have to send it a couple times before the credit card company stops trying to collect.|||My neighbor's brother-in-law died. She had to settle the Estate and then keep what left. I guess that how it work. If, they not have an estate then guess the credit cards can send them a bill. But, you not liable for another person's debts, unless you signed something.|||I don't understand your question. You mean what happens to your moms credit card balance if your mom passes away? Or what happens to your credit card balance?
How do stores and online murchants get paid when someone uses a credit card?
Lets say if you go to a grocery store, and use your credit card, how does the store convert that credit to cash currency. After you use your credit card, does the credit company send a check to that store for that amount, or does the credit card company send the amount after you paid that amount on your bill. I was just carious.|||The store or other merchant is paid by a transfer of electronic funds to an account at a bank that the credit card deals with. This is done the same day. If you have a refund the credit card company takes away from that account and places the amount against your bill. This is done electronically.
If you have a dispute with the merchant things work slower but once resolved then either you get money credited to your credit card account or the store keeps their money.
The credit card company keeps a small percentage of the amount of the sale so the vendors (merchants) do not get all the amount of the sale price if a credit card is used.
The credit card company usually pays the vendors quickly and waits for you to pay your bill and that's why you pay such nice high interest charges on your outstanding balances. That's really how the credit card companies make most of their money.|||the credit card company pays them|||it sends you a bill plus a % of it as a fee that the credit card company gets|||I presume that the retailers have accounts with the banks your card is used for, and that you transact money to thier accounts.
That process must be detected by the credit card banks which then mean that they charge you and send you your bill for using their money and how much of their money you pay back.
Sabre|||The store gets it directly out of your account from the bank. It costs the store a fee for this, about 2 % on debit, and 3% on credit. This is assuming you use your debit card. If it is a credit card only, the card company pays the store.|||Also to above answers, Plastic is all handled electronically, with no actual cash or checks to get all tangled and muddled. Its part of the burgeoning 'no-cash' economy . Its been a boon for our economy and is one of the aids to the Fed's 'managing' the economy, as billions of $ can be infused into and out of the money supply.|||i think this should answer your question perfectly...
it shows pictures (modeling merchant, acquiring bank, issuing bank, etc)
http://virtualschool.edu/mon/ElectronicProperty/klamond/Overvw.htm
If you have a dispute with the merchant things work slower but once resolved then either you get money credited to your credit card account or the store keeps their money.
The credit card company keeps a small percentage of the amount of the sale so the vendors (merchants) do not get all the amount of the sale price if a credit card is used.
The credit card company usually pays the vendors quickly and waits for you to pay your bill and that's why you pay such nice high interest charges on your outstanding balances. That's really how the credit card companies make most of their money.|||the credit card company pays them|||it sends you a bill plus a % of it as a fee that the credit card company gets|||I presume that the retailers have accounts with the banks your card is used for, and that you transact money to thier accounts.
That process must be detected by the credit card banks which then mean that they charge you and send you your bill for using their money and how much of their money you pay back.
Sabre|||The store gets it directly out of your account from the bank. It costs the store a fee for this, about 2 % on debit, and 3% on credit. This is assuming you use your debit card. If it is a credit card only, the card company pays the store.|||Also to above answers, Plastic is all handled electronically, with no actual cash or checks to get all tangled and muddled. Its part of the burgeoning 'no-cash' economy . Its been a boon for our economy and is one of the aids to the Fed's 'managing' the economy, as billions of $ can be infused into and out of the money supply.|||i think this should answer your question perfectly...
it shows pictures (modeling merchant, acquiring bank, issuing bank, etc)
http://virtualschool.edu/mon/ElectronicProperty/klamond/Overvw.htm
What is the easiest credit card to acquire?
I have lousy credit, and need to build it up somehow or atleast start. What card won't turn anyone down?|||Good day
you could try as advised below - but if you cant get a credit its for a good reason - you need to change your lifestyle and pay off your debts and not incur more debt -
So start by asking your bank for a debit card which means you have to have the money in the account to spend it and if you can manage that properly the bank may then allow you to have a credit card.
Learn to budget because thats whats important for everybody - try live within your means - most debit cards are VISA approved anyway - you dont have to have a credit card you can have a debit card for VISA paypay etc.
Good luck
and may 2010 be a more beneficial year for you|||I think Kohl's department store. They gave my girlfriend one and it wasn't even in her right name. Her first name is Tracy and they gave her a card with that as her last name. So they obviously do no checking.
you could try as advised below - but if you cant get a credit its for a good reason - you need to change your lifestyle and pay off your debts and not incur more debt -
So start by asking your bank for a debit card which means you have to have the money in the account to spend it and if you can manage that properly the bank may then allow you to have a credit card.
Learn to budget because thats whats important for everybody - try live within your means - most debit cards are VISA approved anyway - you dont have to have a credit card you can have a debit card for VISA paypay etc.
Good luck
and may 2010 be a more beneficial year for you|||I think Kohl's department store. They gave my girlfriend one and it wasn't even in her right name. Her first name is Tracy and they gave her a card with that as her last name. So they obviously do no checking.
What are my options for acquiring a business credit card?
I am a recent college graduate looking to start a tax preparation business. I have average credit with one major charge off on my credit report. What are my options for applying for a business credit card to finance office material and supplies? Im not looking for a huge credit limit, just need about 5k.
I know its ONLY 5k and your probably thinking I should borrow it from my parents or ask a "rich family member" I dont have those kind of resources so please refrain from those kind of answers. Serious answers only. Thanks in advance!|||Hi LRJ,
If your going to try pitching to banks...i would suggest pitching to local banks in your community. They are more flexible with their terms and loan regulations because a lot of them are self underwritten loans. Remember to polish up your business plan and dress the part as well and of course the bank always want to know what is in it for them.
Another alternative is to start an LLC or Incorporate yourself as a business...then apply to supply companies using your LLC or Inc name. They will start you off with some credit line to get your supplies. Also apply to department stores that carry office supplies and in between all of them you should come close to your goal. At first it is hard to start your business credit line but it can be done.
I also have another source that a credit repair system recommends and they have a 5,000 and 10,000 credit card through their own retail company but there is some costs associated with these but they do rebuild your credit as well. Not trying to sell you anything, just resources that i have.
I hope this helps with your situation and wish you a great success and a Happy New Year!|||We provide human resource consulting, workplace safety consulting and operations consulting services. Our wide range of workplace safety compliance products, iipp manuals, office management %26amp; scheduling softwares %26amp; OSHA compliance products.Visit https://pcs-consultants.com for more info.
|||When I started my business my credit card was based off of my credit since my business wasn't around long enough for the credit card companies attach my credit account to my business. I went with Chase and got a Business Professional credit card account which but a percent of my purchases back in the form of cash checks I got in the mail. They also for the first year gave me no interest. You might want to try going to a bank with your business plan also and pitch your plan to them to get a loan but these days that might be like pulling teeth.
Another alternative is to look for someone to invest in your company. Find some friends or friends of friends whom have money to invest and pitch them your idea and break down ROI for them. Lastly you could start a tax preparation business and apply for a grants. There might be one where you could do x amount of tax returns for the underprivileged in return for money. Good luck.
I know its ONLY 5k and your probably thinking I should borrow it from my parents or ask a "rich family member" I dont have those kind of resources so please refrain from those kind of answers. Serious answers only. Thanks in advance!|||Hi LRJ,
If your going to try pitching to banks...i would suggest pitching to local banks in your community. They are more flexible with their terms and loan regulations because a lot of them are self underwritten loans. Remember to polish up your business plan and dress the part as well and of course the bank always want to know what is in it for them.
Another alternative is to start an LLC or Incorporate yourself as a business...then apply to supply companies using your LLC or Inc name. They will start you off with some credit line to get your supplies. Also apply to department stores that carry office supplies and in between all of them you should come close to your goal. At first it is hard to start your business credit line but it can be done.
I also have another source that a credit repair system recommends and they have a 5,000 and 10,000 credit card through their own retail company but there is some costs associated with these but they do rebuild your credit as well. Not trying to sell you anything, just resources that i have.
I hope this helps with your situation and wish you a great success and a Happy New Year!|||We provide human resource consulting, workplace safety consulting and operations consulting services. Our wide range of workplace safety compliance products, iipp manuals, office management %26amp; scheduling softwares %26amp; OSHA compliance products.Visit https://pcs-consultants.com for more info.
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|||When I started my business my credit card was based off of my credit since my business wasn't around long enough for the credit card companies attach my credit account to my business. I went with Chase and got a Business Professional credit card account which but a percent of my purchases back in the form of cash checks I got in the mail. They also for the first year gave me no interest. You might want to try going to a bank with your business plan also and pitch your plan to them to get a loan but these days that might be like pulling teeth.
Another alternative is to look for someone to invest in your company. Find some friends or friends of friends whom have money to invest and pitch them your idea and break down ROI for them. Lastly you could start a tax preparation business and apply for a grants. There might be one where you could do x amount of tax returns for the underprivileged in return for money. Good luck.
Is there a credit history build up for a additional or secondary credit card holder?
I am having a american express business credit card with my employer as a primary card holder, for the last six months. I use this credit card for the official purpose only. So my question is, am I making a credit history or not.|||It depends. Some cards report onto the credit reports of "Authorized Users"...though I'm not sure if this applies to commercial accounts.
I know that I added my husband as a user to my discover card and he got an instant 3 year history (how long i"d had the card open).|||Nope! None! Zilch.
You do not make the payments. You are just a user of his credit with his approval.
I know that I added my husband as a user to my discover card and he got an instant 3 year history (how long i"d had the card open).|||Nope! None! Zilch.
You do not make the payments. You are just a user of his credit with his approval.
How do people run up so much credit card debt?
I had never really thought about this before, but how do people run up thousands of dollars of credit card debt when every card has a credit limit? Do they just have really high credit limits or have many different credit cards?|||You should be asking why credit card companies flood the population with so many credit cards which are unsecured debts that are not backed by anything. The truth is that once your credit card debt is greater than 20% of your annual take home pay, you're unlikely to ever ever pay off your debt. Recent reports show that of those credit card accounts that are closing these days, it'd due to people defaulting and not due to them paying off the credit cards and closing them voluntarily. Of course what do you expect in the US when the unemployment rate is 23.1%.
It's no secret that without a savings account most people view their credit cards as their emergency fund. 77% of Americans today live week to week and don't even have $1000 in the bank for emergencies.
A lot of people start off with good credit, get a number of credit cards, usually rolling over their balances to a 0% APR for one year to manage their affairs, then when something happens such as a lay off, medical illness, divorce and such, they tap into those high credit limits until they are way over their heads. My parents racked up $6000 of credit card debt paying for my sister's wedding. My sister racked up $5000 while married to the bum and she's now divorcing him. I racked up $22,000 after my job cut my pay, cancelled over time and bonuses and I got a premonition that I'd be laid off in a year. It took eleven months for them to lay me off. Turns out after reading the FDCPA, I didn't owe a dime to the third party collection agencies.|||People run up credit card debt when they don't pay the bill on time. You are allotted a certain amount of credit, but at the end of the month you have to pay it off. You can pay the minimum or you can pay the off the whole bill. When people don't pay the bill at all, or they pay the minimum, they begin to accrue interest on the money they didn't pay. The reason they end up getting so deep in debt is that the interest tends to be rather high, up to about 27% if you have no credit. So do the math, if you have a $500 bill and you only pay the $15 minimum, you're accruing %27 on $485. Give a few months or years and that's a whole lot of money you owe the bank.|||It starts with a car loan, usually. Then the offers for credit cards come in the mail because the bank and/or the credit bureaus sell certain "profiles" or in other words, people with good payment histories. Many people get several credit cards because some really good offers come in the mail. (Low or no interest rates, points for air travel, etc). There are a couple of scenarios as to what happens next. One is the person can't control the urge to buy, buy, buy, with the new found "wealth". They charge a bunch of stuff, and start off making the payments. This leads to a higher credit score of course, so they get more offers. It goes on until that person can't afford the payments any more. But in the mean time they have debt going up to about $15,000 or so. The other way is, they get the cards, don't use them much but then something happens. The loss of a job, health issues, unexpected home repairs, etc. The last way is they had a good job, and decided to open their own business in some way. They use the cards to finance it. More than half the new businesses that start end up Out of business in less than a year for whatever reason. In the mean time they have been buying everything on credit hoping for the big payout from their new business and it never happens. How does it happen? Some high credit score people, with just $30 to $40k incomes can get one card with a $5k limit. A couple of those and several smaller amounts, and there you go. Higher incomes, get higher limits, and low risk people (seniors for example) also qualify for higher limits if they retired with good credit scores.|||The greed of all credit card company, compounded with the stupidity of the person running up his/her own credit card balance, that how.
Lets say you have 3 credit cards, all with $2000 credit limits, you slowly spend up to the limit of all 3 cards, all you have to do is request limit increase from all 3 credit card company. They will review you payment history, if you pay on time, even paying the minimum, they will increase the credit limit for you. Also, other credit card company see that you always keep good payment history, they will pre-approve you for a new card.
So, you have more and more cards, higher and higher limit, your total unsecured debt will go thru the roof someday. I have seen people do cash advance on one card and use the cash to pay minimum payment on other cards.|||Actually, even with the credit limit to each card, people can still run up so much credit card debt because of finance charges and other charges if you pay only the minimum payment every month.Therefore, if you have about 10 credit cards with each piling up with penalties, it is possible for your debt to rise to thousands. However, running up so much credit card debt is not the real problem. Getting out of credit card debt is the real problem.|||They start up with really good credit so they have higher limits, then the economy gets to them then they buy everything they want until they go bankrupt.|||They run it up because they are complete idiots no exceptions or excuses. Oh I lost my job-you should not have had the balance to start with. I "needed" no you wanted. Medical bills pure b/s every state forces hospitals to accept payment plans and you cannot be denied emergency care in any hospital ever by both state and federal law. As to none emergency you cannot be denied in so called none profits as long as you are making payments and most states only require $25 per month regardless of the amount owe. Pure ignorance, stupidity or not giving a damn is the only reason people have CC debt|||They run it up one charge at a time. If you have cards with 10k limits its easy to go pretty high. I once charged $5000 worth of airline tickets. Of course the next thing I did was write a check to pay off the card, I have no intention of running up a debt.
It's no secret that without a savings account most people view their credit cards as their emergency fund. 77% of Americans today live week to week and don't even have $1000 in the bank for emergencies.
A lot of people start off with good credit, get a number of credit cards, usually rolling over their balances to a 0% APR for one year to manage their affairs, then when something happens such as a lay off, medical illness, divorce and such, they tap into those high credit limits until they are way over their heads. My parents racked up $6000 of credit card debt paying for my sister's wedding. My sister racked up $5000 while married to the bum and she's now divorcing him. I racked up $22,000 after my job cut my pay, cancelled over time and bonuses and I got a premonition that I'd be laid off in a year. It took eleven months for them to lay me off. Turns out after reading the FDCPA, I didn't owe a dime to the third party collection agencies.|||People run up credit card debt when they don't pay the bill on time. You are allotted a certain amount of credit, but at the end of the month you have to pay it off. You can pay the minimum or you can pay the off the whole bill. When people don't pay the bill at all, or they pay the minimum, they begin to accrue interest on the money they didn't pay. The reason they end up getting so deep in debt is that the interest tends to be rather high, up to about 27% if you have no credit. So do the math, if you have a $500 bill and you only pay the $15 minimum, you're accruing %27 on $485. Give a few months or years and that's a whole lot of money you owe the bank.|||It starts with a car loan, usually. Then the offers for credit cards come in the mail because the bank and/or the credit bureaus sell certain "profiles" or in other words, people with good payment histories. Many people get several credit cards because some really good offers come in the mail. (Low or no interest rates, points for air travel, etc). There are a couple of scenarios as to what happens next. One is the person can't control the urge to buy, buy, buy, with the new found "wealth". They charge a bunch of stuff, and start off making the payments. This leads to a higher credit score of course, so they get more offers. It goes on until that person can't afford the payments any more. But in the mean time they have debt going up to about $15,000 or so. The other way is, they get the cards, don't use them much but then something happens. The loss of a job, health issues, unexpected home repairs, etc. The last way is they had a good job, and decided to open their own business in some way. They use the cards to finance it. More than half the new businesses that start end up Out of business in less than a year for whatever reason. In the mean time they have been buying everything on credit hoping for the big payout from their new business and it never happens. How does it happen? Some high credit score people, with just $30 to $40k incomes can get one card with a $5k limit. A couple of those and several smaller amounts, and there you go. Higher incomes, get higher limits, and low risk people (seniors for example) also qualify for higher limits if they retired with good credit scores.|||The greed of all credit card company, compounded with the stupidity of the person running up his/her own credit card balance, that how.
Lets say you have 3 credit cards, all with $2000 credit limits, you slowly spend up to the limit of all 3 cards, all you have to do is request limit increase from all 3 credit card company. They will review you payment history, if you pay on time, even paying the minimum, they will increase the credit limit for you. Also, other credit card company see that you always keep good payment history, they will pre-approve you for a new card.
So, you have more and more cards, higher and higher limit, your total unsecured debt will go thru the roof someday. I have seen people do cash advance on one card and use the cash to pay minimum payment on other cards.|||Actually, even with the credit limit to each card, people can still run up so much credit card debt because of finance charges and other charges if you pay only the minimum payment every month.Therefore, if you have about 10 credit cards with each piling up with penalties, it is possible for your debt to rise to thousands. However, running up so much credit card debt is not the real problem. Getting out of credit card debt is the real problem.|||They start up with really good credit so they have higher limits, then the economy gets to them then they buy everything they want until they go bankrupt.|||They run it up because they are complete idiots no exceptions or excuses. Oh I lost my job-you should not have had the balance to start with. I "needed" no you wanted. Medical bills pure b/s every state forces hospitals to accept payment plans and you cannot be denied emergency care in any hospital ever by both state and federal law. As to none emergency you cannot be denied in so called none profits as long as you are making payments and most states only require $25 per month regardless of the amount owe. Pure ignorance, stupidity or not giving a damn is the only reason people have CC debt|||They run it up one charge at a time. If you have cards with 10k limits its easy to go pretty high. I once charged $5000 worth of airline tickets. Of course the next thing I did was write a check to pay off the card, I have no intention of running up a debt.
What can thieves potentially do with your credit card information?
If I were to get my credit card stolen tomorrow, what could happen? I mean I don't understand how people buy stuff with the credit card because it is basicallly always trackable because of the shipping address of stuff they buy online or cameras in the store? How do they get away with that crap?|||Criminal steals your credit card.
Criminal is having a long distance relationship with some lonely sap on the internet.
Criminal convinces lonely sap to accept packages for him and fore ward to his current location. Usually in africa or mexico. This is where he told lonely sap he or she was working.
Lonely sap starts receiving packages and shipping them to the new love of his or her life overseas. At his or her expense. So they are being taken advantage of also.
Lonely sap spends a fortune before finally realizing they have been duped.|||"ACTING IN CONCERT"
Identity thieves work in large groups.. I had my credit card stolen and they always went to the same place to buy goods because their friends work at these stores. They cloned my drivers license and made copies of my check book and passed the copies around all over the state of Washington. They are a very creative bunch.
Criminal is having a long distance relationship with some lonely sap on the internet.
Criminal convinces lonely sap to accept packages for him and fore ward to his current location. Usually in africa or mexico. This is where he told lonely sap he or she was working.
Lonely sap starts receiving packages and shipping them to the new love of his or her life overseas. At his or her expense. So they are being taken advantage of also.
Lonely sap spends a fortune before finally realizing they have been duped.|||"ACTING IN CONCERT"
Identity thieves work in large groups.. I had my credit card stolen and they always went to the same place to buy goods because their friends work at these stores. They cloned my drivers license and made copies of my check book and passed the copies around all over the state of Washington. They are a very creative bunch.
How much will a 90 day past due credit card payment hurt your credit?
I was once over 90 days late on a credit card payment, about a year ago. Other than that I had a perfect credit score, it was in the high 700's. How much did this hurt my credit score in general? About how many points does it pull you down to be 90 days late? I pay all my bills in full and on time now.|||Like the other answerers' said, I would say anywhere between 50 and 100 points (hopefully no more than 100). Be careful next time.|||OUCH%26lt; that's gonna hurt. Hard to say the exact score drop as each CRA has slightly different information on your file and it would also depend on other factors, your debt utilization and number of accounts.
I do know that it will remain on your credit report seven years from the month in which the late payment was due. If there are multiple late payments in one account item, then they will each expire individually.
BUT, not all is bad news, it will have less affect as time goes by and as long as you keep your payments up to date and on time. Remember a credit score is a "snap shot" of your history at that particular time and it varies with time.
http://www.myfico.com/CreditEducation/Qu鈥?/a>
Hope this helps answer your question.|||This is like asking what does a new house cost. Well it depends. Credit ratings are based on many factors such as age, debt to credit ratio. Credit issues for a 17 year old person are not going to change at the same rate as they do for someone 55. No one can give you an answer other than the fact it will lower your rating. Being 90 days late doesnt mean that the creditor will report it as 90 days. Some allow a 30 grace period which may mean your account shows up as 60 days.|||It is going to hurt in a lot at least 50 points. You can go to this website www.vrtmg.com/rlunsford and click on UltraScore and they can help you get your score back up. www.vrtmg.com/rlunsford|||a HUGE amount, 50-100 points
I do know that it will remain on your credit report seven years from the month in which the late payment was due. If there are multiple late payments in one account item, then they will each expire individually.
BUT, not all is bad news, it will have less affect as time goes by and as long as you keep your payments up to date and on time. Remember a credit score is a "snap shot" of your history at that particular time and it varies with time.
http://www.myfico.com/CreditEducation/Qu鈥?/a>
Hope this helps answer your question.|||This is like asking what does a new house cost. Well it depends. Credit ratings are based on many factors such as age, debt to credit ratio. Credit issues for a 17 year old person are not going to change at the same rate as they do for someone 55. No one can give you an answer other than the fact it will lower your rating. Being 90 days late doesnt mean that the creditor will report it as 90 days. Some allow a 30 grace period which may mean your account shows up as 60 days.|||It is going to hurt in a lot at least 50 points. You can go to this website www.vrtmg.com/rlunsford and click on UltraScore and they can help you get your score back up. www.vrtmg.com/rlunsford|||a HUGE amount, 50-100 points
How many points does a credit inquiry for a credit card lower your score?
I recently applied for a new credit card, and I was just curious if anyone knows how many points that will drop my credit score. Ya know, just cause AMEX had to check my score.|||If it was a hard inquiry, which it most likely is, you'll probably lose anywhere from 1 - 5 points.|||2-5 points for a direct inquire but it will recover in 30 days
Can credit card companies charge annual membership fee on a closed account?
I have a closed credit card account with Chase Bank. It still has a balance that I am working to pay down. However, I just noticed my balance jumped due to a $29 annual membership fee. Can they charge a membership fee on a closed account?|||The account is not closed if you still have a balance. They may have turned off the ability to make new purchases but you are still using the account and thus responsible for the fee as long as you are borrowing money from them by carrying a balance.|||The account is really closed till you pay the balance in full. You might try calling and objecting to the annual fee on your "closed" account but don't be surprised if they refuse to remove it. Somewhere in your contract fine print, they can continue to charge that annual fee as long as you still have a balance.|||Because you still owe on the account it is open you just can't use it. Yes they will charge that annual fee as long as you owe on that account.
You can call them up and ask the to wave that fee.
Pay it off quickly.|||No, but the account is not "closed" unless there is a zero balance. It is only closed for new transactions which is not really closed.
j
You can call them up and ask the to wave that fee.
Pay it off quickly.|||No, but the account is not "closed" unless there is a zero balance. It is only closed for new transactions which is not really closed.
j
How long can a credit card company take to post a payment that is mailed to them?
My credit card company takes 7-10 business days to post a payment by mail from the time they receive it. This means I have to pay the bill before I receive it. Is this Legal?|||In the United States, under Truth and Lending Act, a creditor must post payments on accounts on the date the payment was received. They can only delay posting if the delay does not increase finance charges on your account.|||No No NO u have a grace period of 14 to 24 days depends u have enough time u pay.|||Credit card companies are snakes. if you dont play with snakes. You won't get bit.
Pay as you go and live on less than you make and you will have money.
Of course the credit card people and their loyal followers are gonna tell you different.
Debt free is the way to be!|||Most Credit card Company have a 10 Day Grace Period. You might wanna check on their Policy. If my memory serves me correct they go by the Post Office Date of stamp the moment you mailed it.
So for example your payment is due by the 15th of the month, you mailed your payment also in the 15th. It will have a stamp from the post office in which you mailed your payment on time. But why deal with the post office? Pay your bills on line!
Pay as you go and live on less than you make and you will have money.
Of course the credit card people and their loyal followers are gonna tell you different.
Debt free is the way to be!|||Most Credit card Company have a 10 Day Grace Period. You might wanna check on their Policy. If my memory serves me correct they go by the Post Office Date of stamp the moment you mailed it.
So for example your payment is due by the 15th of the month, you mailed your payment also in the 15th. It will have a stamp from the post office in which you mailed your payment on time. But why deal with the post office? Pay your bills on line!
Will a credit card company recheck my credit on a card I haven't used in a whilte?
I pulled my credit report and there is a credit card showing as open with a 23K available credit and -0- balance. The card was opened in 1989 and the company has not reported since 2004. I have since filed bankruptcy, but did not list the account as there was no balance on it at the time I filed. If I contact the company will they reissue the card? will they recheck my credit?|||I would say since they have not reported since 2004 and you wanted the card reissued that they would indeed pull a current credit report. Credit card companies and banks can check your credit every month if they want.....they do this most of the time to see if you have been late on ANYTHING...and if you have been they raise your interest rate to the max...but they are sneaky little devils because they put this kind of stuff in their disclosures so they are legally able to do it.|||i would say they would. but sometimes if it's dormant they can close it out without notifying you!|||You do not mention if you have the card or not.
I will assume no, or if you do it is expired.
Most major card issuers will pull a credit report and re-decision any account not used for two years.
You could call and ask.
If you filed BK on other accounts with them, most likely they will not even consider opening the account.
If not then, if your job and income is good, maybe they will open a small line of $500.
a%26gt;
I will assume no, or if you do it is expired.
Most major card issuers will pull a credit report and re-decision any account not used for two years.
You could call and ask.
If you filed BK on other accounts with them, most likely they will not even consider opening the account.
If not then, if your job and income is good, maybe they will open a small line of $500.
a%26gt;
Can you apply for a credit card if you have bad credit and receive one?
I need a credit card but i don't know which credit card company to apply for?|||there you go :
http://index-go.com/improve-credit-score鈥?/a>
http://simple-credit-cards-and-loans.com鈥?/a>
Good luck !|||there are plenty who will prey on you. They love you because they know you'll charge even if you can't pay on time, so you'll rack up lots of interest and they will make a lot more off of you. There was Senate testimony this past week from a man who paid 10K on a 3K balance.|||You can get a credit card with bad credit and its a good way to build credit too. The problem is finding a bank that will get you that chance. A good free site I located on the internet that supplies a list of banks and finance companies that will give you a credit card with bad credit is at http://www.bad-credit-credit-card-for-pe鈥?/a> and it also shows you the pros and cons of each card.|||You can almost always get a card, but here are somethings to be wary of:
1. the interest rate
2. fees!! there are account maintenance fees, annual fees, opening fees...they just add it to your balance on the card, so when you receive the credit card, you are already $100 or more in debt!|||Capital One, Orchard Bank, CitiBank and Bank of America are examples of credit lenders for credit challenged individuals.
You can also go to www.badcreditlenders.com to find lenders who will loan to you.
Good Luck|||"The market niche of people with bad credit is fortunately seen as a business opportunity by many financial institutions that are willing to invest in it."
I found this information at http://www.creditapply.org/blog/ under the posting "How can I get a credit card with bad credit".
They list a few credit card for people with bad credit but also warn you that poor credit rating will cost you money
"When looking for a credit card with bad credit you should expect to be offered a pretty high interest rate. You may also be offered cards with an annual fee 鈥?don鈥檛 turn them down straight away as the fee might bring your typical Annual Percentage Rate (APR) down. "
Some of the cards they list are
Imagine Gold Card
First PREMIER Bank MasterCard
Centennial Gold MasterCard(r)/Visa APR
and others.
They also have tips on how to use the card to better your credit.|||Depends on what company you apply at. some companies will give credit cards to anyone. If you actually get one, the smart thing to do would be to use it responsibly, make at least your minimum payment EACH AND EVERY month, so that you can begin to establish yourself as a good credit risk.|||You can get one but be wary of the high interest rates. make sure you pay on time so you won't get penalized.|||You can apply for a credit card, no matter what--it's the getting it that is the problem!|||Bad credit is one of the worst problems to have... however there exists a solution.
I will hereby talk from my personal experience.
I did debt consolidation a couple of years ago, however If I had to do it again I would pay to some minor details,
if someone wants to get out of debt today it is pretty easy with a debt consolidation plan, however it may get a bit tricky at times, I suggest you get as much information as possible online on this first,
a good place to start in my humble opinion is astraight to the point ebook with question and answer I found :
http://umgarticles.atspace.com/debt-cons鈥?/a>
if it helps kindly remember me in your voting!.. cheers!|||Go to your local Wells Fargo branch and open a savings account for $500 and apply for a secured credit card. You will have $500 credit line so long as you keep the account open and don't withdraw the money.
Good luck !!|||Yes, the imagine card is a good one... and you are pretty much guaranteed to get it if it's your first time applying for it. Just don't mess this one up. :)
Here's a link http://creditoffernow.com/imaginecard
Enjoy!|||Here's a link which will let you compare card rates and rewards.|||you can get a credit card from Orchard Visa. They give credit cards to people with bad credit.|||I have recently gotten several credit cards for people with bad credit. These cards help you build credit. Initially you will start with a low credit limit but after a few months of paying on time your limit will increase. I have already seen results!!!
Here is a link to a lot of great cards for bad credit:
http://www.credit-land.com/index.php
Some others that may not be on there are: Orchard Bank Card, Tribute Bank Card and Aspen Bank Card. The sites should be fairly easy to find through a search engine.
Hope this helps!!!|||Yes you can get one.
Credit really only effects the interest rate from overages %26amp; how large a line of credit you will receive.
http://index-go.com/improve-credit-score鈥?/a>
http://simple-credit-cards-and-loans.com鈥?/a>
Good luck !|||there are plenty who will prey on you. They love you because they know you'll charge even if you can't pay on time, so you'll rack up lots of interest and they will make a lot more off of you. There was Senate testimony this past week from a man who paid 10K on a 3K balance.|||You can get a credit card with bad credit and its a good way to build credit too. The problem is finding a bank that will get you that chance. A good free site I located on the internet that supplies a list of banks and finance companies that will give you a credit card with bad credit is at http://www.bad-credit-credit-card-for-pe鈥?/a> and it also shows you the pros and cons of each card.|||You can almost always get a card, but here are somethings to be wary of:
1. the interest rate
2. fees!! there are account maintenance fees, annual fees, opening fees...they just add it to your balance on the card, so when you receive the credit card, you are already $100 or more in debt!|||Capital One, Orchard Bank, CitiBank and Bank of America are examples of credit lenders for credit challenged individuals.
You can also go to www.badcreditlenders.com to find lenders who will loan to you.
Good Luck|||"The market niche of people with bad credit is fortunately seen as a business opportunity by many financial institutions that are willing to invest in it."
I found this information at http://www.creditapply.org/blog/ under the posting "How can I get a credit card with bad credit".
They list a few credit card for people with bad credit but also warn you that poor credit rating will cost you money
"When looking for a credit card with bad credit you should expect to be offered a pretty high interest rate. You may also be offered cards with an annual fee 鈥?don鈥檛 turn them down straight away as the fee might bring your typical Annual Percentage Rate (APR) down. "
Some of the cards they list are
Imagine Gold Card
First PREMIER Bank MasterCard
Centennial Gold MasterCard(r)/Visa APR
and others.
They also have tips on how to use the card to better your credit.|||Depends on what company you apply at. some companies will give credit cards to anyone. If you actually get one, the smart thing to do would be to use it responsibly, make at least your minimum payment EACH AND EVERY month, so that you can begin to establish yourself as a good credit risk.|||You can get one but be wary of the high interest rates. make sure you pay on time so you won't get penalized.|||You can apply for a credit card, no matter what--it's the getting it that is the problem!|||Bad credit is one of the worst problems to have... however there exists a solution.
I will hereby talk from my personal experience.
I did debt consolidation a couple of years ago, however If I had to do it again I would pay to some minor details,
if someone wants to get out of debt today it is pretty easy with a debt consolidation plan, however it may get a bit tricky at times, I suggest you get as much information as possible online on this first,
a good place to start in my humble opinion is astraight to the point ebook with question and answer I found :
http://umgarticles.atspace.com/debt-cons鈥?/a>
if it helps kindly remember me in your voting!.. cheers!|||Go to your local Wells Fargo branch and open a savings account for $500 and apply for a secured credit card. You will have $500 credit line so long as you keep the account open and don't withdraw the money.
Good luck !!|||Yes, the imagine card is a good one... and you are pretty much guaranteed to get it if it's your first time applying for it. Just don't mess this one up. :)
Here's a link http://creditoffernow.com/imaginecard
Enjoy!|||Here's a link which will let you compare card rates and rewards.|||you can get a credit card from Orchard Visa. They give credit cards to people with bad credit.|||I have recently gotten several credit cards for people with bad credit. These cards help you build credit. Initially you will start with a low credit limit but after a few months of paying on time your limit will increase. I have already seen results!!!
Here is a link to a lot of great cards for bad credit:
http://www.credit-land.com/index.php
Some others that may not be on there are: Orchard Bank Card, Tribute Bank Card and Aspen Bank Card. The sites should be fairly easy to find through a search engine.
Hope this helps!!!|||Yes you can get one.
Credit really only effects the interest rate from overages %26amp; how large a line of credit you will receive.
Is it illegal to charge a credit card for items that are not available for shipment?
I live in NY and thought that companies are not to charge your credit card until the merchandise purchased has shipped. We bought an item off the website in july and still havent received it. We were never notified that the item was on backorder and the credit card was indeed charged back when the order was placed. We have tracked down a member of the management staff who is asking for the credit card number in full to refund us our money. Shouldnt their database still have this since they charged it? I am worried about their credibiltity and would rather not give "some guy" my cc #. Thanks for any advise you can offer!|||No, it is not illegal. Some companies immediately charge your credit card. Most reputable companies wait till the merchandise is shipped before charging the credit card.
Dispute the charge with your credit card company. You are probably past the 60 days but maybe your credit card will process the dispute anyway.|||Call up your credit card company and ask this question.
Dispute the charge with your credit card company. You are probably past the 60 days but maybe your credit card will process the dispute anyway.|||Call up your credit card company and ask this question.
What is a balance transfer on a credit card?
I have a credit card from my bank can I transfer some money from my credit card to my savings account? If so is that called balance transfer or is that advanced cash?|||That is advanced cash you are thinking of, the the interest rte is usually obscene PLUS they charge you an exorbitant "fee: to do so....
What a balance transfer does is to transfer balances from high interest rate credit cards to lower ones.
If you had 2 credit cards--1 with a balance of 2000$ and an interest rate of 18% and you go out and get a 2nd card with no balance and a 6.9% interest rate, you would transfer that $2000 from the 18% card to the 6.9% card, which in turn would save you a small fortune in interest charges......|||That would be a balance transfer, which usually comes with an extremely high interest rate.|||that's a cash advance and will be at a lot higher rate than a purchase
a balance transfer is when you take the balance of an account that
has a higher rate and put it on a new card with a lower rate of interest.|||That depends on the terms of the balance transfer. Usually it is meant to pay another credit card bill off that has a higher interest rate. They will usually have a promotional interest rate that will last 6 - 12 months, then start charging the rate on purchases (which is lower than the cash advance rate). Some will send you checks in which you can make payable to yourself under the same terms, so that you use your credit to make a purchase from someone that doesn't accept credit cards. In addition they charge a a transaction fee of around 3% of the amount.
What a balance transfer does is to transfer balances from high interest rate credit cards to lower ones.
If you had 2 credit cards--1 with a balance of 2000$ and an interest rate of 18% and you go out and get a 2nd card with no balance and a 6.9% interest rate, you would transfer that $2000 from the 18% card to the 6.9% card, which in turn would save you a small fortune in interest charges......|||That would be a balance transfer, which usually comes with an extremely high interest rate.|||that's a cash advance and will be at a lot higher rate than a purchase
a balance transfer is when you take the balance of an account that
has a higher rate and put it on a new card with a lower rate of interest.|||That depends on the terms of the balance transfer. Usually it is meant to pay another credit card bill off that has a higher interest rate. They will usually have a promotional interest rate that will last 6 - 12 months, then start charging the rate on purchases (which is lower than the cash advance rate). Some will send you checks in which you can make payable to yourself under the same terms, so that you use your credit to make a purchase from someone that doesn't accept credit cards. In addition they charge a a transaction fee of around 3% of the amount.
How long does it take for late credit card payments to clear up on your credit?
We had a late credit card payment from 2 diffrent credit companies. Its the only thing stopping me from getting a good loan for my home. After they clear up, how long does it take me to restore points?|||Well, you may be misunderstanding credit scores a bit.
There is no magic timetable where you hit a magic date of so many months or years after the late pay and you get all your points back on your score.
It's a graduated scale...and the longer away from the current time that you had a late pay, the less it factors into your score.
In other words, as long as you keep making timely payments each month, you are going to get an incrementally better score. Every month, you'll be earning more points as the bad information gets older and older and your newer information is good.
The fact it was from two different companies is going to hurt a bit. Creditors are more willing to forgive one bad credit info as an anomoly...but two starts to show a pattern.|||usually 3 days|||As soon as the credit card company informs the credit bureaus that your not late anymore. The account will then probably say: was 30 days (or however many days late you were) late, now current.|||7 years|||same as above answer|||the last payment posting never go away. If you pay late they report it and it is part of the record. If you want them removed close the account and wait seven years. Other wise the longer you keep the cards open the less effect they have on you.
EX: 2 lates in 1 year or 2 lates in 5 years|||7 years for it to "fall off" your report. But make all your future payments on time and it will improve your rating.|||They never really come off unless it has been like 7 years and you have to ask to have them removed.|||one a payment is reported in derogatory 7 years....|||2 to 3 mo|||Mine took six months to a year. I know that's a long time, but after I started making my payments on time it cleared up fast.|||Late payments may come off if you dispute.You loan officer also can help you if you have document to clear up the late payments. Late payments do drop your scores but you can raise your scores by asking a good loan officer.I have programs that raises credit scores10,50 and 80 points if that what your looking for and everything legal."ajf.funding at gmail.com"
There is no magic timetable where you hit a magic date of so many months or years after the late pay and you get all your points back on your score.
It's a graduated scale...and the longer away from the current time that you had a late pay, the less it factors into your score.
In other words, as long as you keep making timely payments each month, you are going to get an incrementally better score. Every month, you'll be earning more points as the bad information gets older and older and your newer information is good.
The fact it was from two different companies is going to hurt a bit. Creditors are more willing to forgive one bad credit info as an anomoly...but two starts to show a pattern.|||usually 3 days|||As soon as the credit card company informs the credit bureaus that your not late anymore. The account will then probably say: was 30 days (or however many days late you were) late, now current.|||7 years|||same as above answer|||the last payment posting never go away. If you pay late they report it and it is part of the record. If you want them removed close the account and wait seven years. Other wise the longer you keep the cards open the less effect they have on you.
EX: 2 lates in 1 year or 2 lates in 5 years|||7 years for it to "fall off" your report. But make all your future payments on time and it will improve your rating.|||They never really come off unless it has been like 7 years and you have to ask to have them removed.|||one a payment is reported in derogatory 7 years....|||2 to 3 mo|||Mine took six months to a year. I know that's a long time, but after I started making my payments on time it cleared up fast.|||Late payments may come off if you dispute.You loan officer also can help you if you have document to clear up the late payments. Late payments do drop your scores but you can raise your scores by asking a good loan officer.I have programs that raises credit scores10,50 and 80 points if that what your looking for and everything legal."ajf.funding at gmail.com"
What reloadable credit card is the best for a teen?
So i have a job and I am saving my money, and I would like to be able to buy things online via a credit card (my own card, so i wont hassle me mom with it any more). I have seen ads for the american express pass card, but in the past i had a visa gift card thing. I am totally confused and I am just looking for some advice as to what card would be the best for a teen. Thanks!!|||Shop around and read the backs of the cards first to learn their charges so you can make the best decision for you. Often you have to consider fees for the year, month, number of charges, loading, etc. It's pretty confusing so make sure you compare a few. A good place to start would be the Walmart, Meijer, Costco kind of cards. Call a few of the banks or credit unions in your town too. I've heard a lot of people suggest Green Dot though I'm not familiar with it myself. Like anything involving credit, the key is to shop around and compare all the crazy little charges they like to throw at you.|||Green Dot
How can i dispute a credit card for harming my credit?
I purchased sears (HSBC credit card) card. Previously they told me it was free and then they charged me for annual fee. I refused to pay it and filed a case with bbb. HSBC refused to budge. However, it took months and i had to pay the fee to close my account.
They have also harmed my credit for it.
How can i dispute it?|||It should have been disclosed to you that you were being charged an annual fee. Sears uses 2 banks to approve people for credit. The first bank that runs your credit is Citibank. They do not charge an annual fee. If Citibank does not approve you, then HSBC runs your credit. HSBC has 3 levels they can approve you for - $59 annual fee (option x), $19 annual fee (option y), or no annual fee (option z). If you were approved for an HSBC Sears Solutions card, you would have needed to sign another form listing these options, with the annual fee right there.
With all that said, I don't think you will be able to fight it unless you can prove you did not sign the form that shows the annual fee.|||Step 1: Check Your Credit Report and see if this is listed in collections or as derogatory info with HSBC.
Did they tell you this in writing that there was no annual fee? or did the cashier tell you this? If you have paperwork which shows that you don't have an annual fee, then you can file a dispute with experian online and mail in that paperwork(send a copy , keep original)
Step 2:
Did this credit card ever go into collection? If it shows up on your report as a collections item, that's bad. If it shows on your report as delinquent information, 60days late etc... you may have a easier chance repairing
Step 3:
If it went into collections, provide proof that there was no annual fee and dispute it.
If you do not have proof, there is nothing you can do.
However, if it did not go into collections,
Write Sears and explain that the rep misinformed you and the annual fee was a surprise. In the letter request that they remove derogatory info or "white space" it. Which basically shows no history, sort of a neutral history.|||I know some of those Sears cards do hit you with an annual fee if you have credit issues,, It should have disclosed when you received your card,
If you didn't want to pay the annual fee,, you should have canceled the card not refused to pay it,,
You can file an online dispute, however HSBC is not likely to drop the reported late's from your credit reports,,|||yeah try the first site
They have also harmed my credit for it.
How can i dispute it?|||It should have been disclosed to you that you were being charged an annual fee. Sears uses 2 banks to approve people for credit. The first bank that runs your credit is Citibank. They do not charge an annual fee. If Citibank does not approve you, then HSBC runs your credit. HSBC has 3 levels they can approve you for - $59 annual fee (option x), $19 annual fee (option y), or no annual fee (option z). If you were approved for an HSBC Sears Solutions card, you would have needed to sign another form listing these options, with the annual fee right there.
With all that said, I don't think you will be able to fight it unless you can prove you did not sign the form that shows the annual fee.|||Step 1: Check Your Credit Report and see if this is listed in collections or as derogatory info with HSBC.
Did they tell you this in writing that there was no annual fee? or did the cashier tell you this? If you have paperwork which shows that you don't have an annual fee, then you can file a dispute with experian online and mail in that paperwork(send a copy , keep original)
Step 2:
Did this credit card ever go into collection? If it shows up on your report as a collections item, that's bad. If it shows on your report as delinquent information, 60days late etc... you may have a easier chance repairing
Step 3:
If it went into collections, provide proof that there was no annual fee and dispute it.
If you do not have proof, there is nothing you can do.
However, if it did not go into collections,
Write Sears and explain that the rep misinformed you and the annual fee was a surprise. In the letter request that they remove derogatory info or "white space" it. Which basically shows no history, sort of a neutral history.|||I know some of those Sears cards do hit you with an annual fee if you have credit issues,, It should have disclosed when you received your card,
If you didn't want to pay the annual fee,, you should have canceled the card not refused to pay it,,
You can file an online dispute, however HSBC is not likely to drop the reported late's from your credit reports,,|||yeah try the first site
How long after getting a card does it take for credit history to appear?
I've been having some difficulty with apartment leases because I have no credit. If I get a credit card, how long does it take for it to appear that I have credit?|||It will take at least 6 months for it to develop any rating.
A good rating will happen after one full year's worth of payments.
Use it wisely - it could do more harm than good.
If you charge something, make sure it's small like food or gas.
And pay in full each month.
One secret:
Landlords don't care that much about your credit.
And no credit is not bad - they are looking for BAD credit.
Offer 6 months rent upfront and watch all your difficulties go away.
The difficulty could be that you are under 21 or under 25
It could also be you do not have stable employment, or strong enough salary to pay the rent.
Next time you see someone, offer them copies of your paychek, savings account, checking account, etc with the id numbers blocked out.
Something tells me that it may be lack of funds or a young age that is hurting you.
NOT your credit...|||Well the account will show up on your credit report within 60 days, but you will have to use that card for at least 6 months before it even begins to start counting in your FICO score. Even then, your score will be low and your history will be very limited. You will still likely be turned down due to lack of credit. It takes YEARS to build good credit.
A good rating will happen after one full year's worth of payments.
Use it wisely - it could do more harm than good.
If you charge something, make sure it's small like food or gas.
And pay in full each month.
One secret:
Landlords don't care that much about your credit.
And no credit is not bad - they are looking for BAD credit.
Offer 6 months rent upfront and watch all your difficulties go away.
The difficulty could be that you are under 21 or under 25
It could also be you do not have stable employment, or strong enough salary to pay the rent.
Next time you see someone, offer them copies of your paychek, savings account, checking account, etc with the id numbers blocked out.
Something tells me that it may be lack of funds or a young age that is hurting you.
NOT your credit...|||Well the account will show up on your credit report within 60 days, but you will have to use that card for at least 6 months before it even begins to start counting in your FICO score. Even then, your score will be low and your history will be very limited. You will still likely be turned down due to lack of credit. It takes YEARS to build good credit.
Credit card debt and 1099c forms. Once you file taxes will your credit card debt with company be gone?
I recieved a 1099c form from a credit card company for a settled credit card debt. The amount is for $10,000. I only make $31,000 per year. Will I end up owing on taxes due to being in a different tax bracket?Will the debt finally be gone?|||Yes, you owe taxes on the $10,000 settled debt. What the government means that you had a windfall by not paying the $10,000 settled debt.|||Sounds like your debt to the credit card is gone, but you're going to pay tax on the forgiven debt.
use Turbo Tax for free and see where you are. It will ask you to put in the 1099c information.
Unless you paid some estimated taxes, you might also get a penalty for not paying enough taxes. but, try turbo tax.
The 1099C should have a "taxible" amount field on it.|||This counts as a windfall.
You only pay some tax on the $10,000.
The debt is gone though.
http://debt-help-debt.blogspot.com/
use Turbo Tax for free and see where you are. It will ask you to put in the 1099c information.
Unless you paid some estimated taxes, you might also get a penalty for not paying enough taxes. but, try turbo tax.
The 1099C should have a "taxible" amount field on it.|||This counts as a windfall.
You only pay some tax on the $10,000.
The debt is gone though.
http://debt-help-debt.blogspot.com/
How long do i need to use a credit card before It establishes a score for me?
Im 22 and I have zero credit history, as far as the credit beauro is concerned I dont even exist. I got a credit card and im wondering how long it will take me to establish credit with it?|||you have a score immediately once you get a card - it is just a terrible one until a few things happen.
pay your bills on time,
use the card
pay your bills on time,
time passes
nothing you can do about the last one except don't die :-)|||after you use it a few times and pay the bill on time, then you'll see your score.|||You really need to have about 2 years of paying on that card to develop a history. As for score, perhaps after a 12 month period.
pay your bills on time,
use the card
pay your bills on time,
time passes
nothing you can do about the last one except don't die :-)|||after you use it a few times and pay the bill on time, then you'll see your score.|||You really need to have about 2 years of paying on that card to develop a history. As for score, perhaps after a 12 month period.
What obligation does a company have to protect my credit card number?
I just found out that a company I purchase something from is then emailing my credit card information (unencrypted it would appear) to another company that will actually be charging my card.
They take the card via a secure website, and then they go and do something like this with it. I'm furious, but I'm not sure if they have actually done anything illegal or just irresponsible.
What are their legal responsibilities in the handling of my credit card number.
Anyone know?|||This happens all the time. It is in the best interest of a company to protect users data, but it is common for these data to go public. There is not much consumer can do about it, since when we make purchases, we let them have access to our data. Some companies even sell our data for profit. Thats why I carry cash and use only cash when I buy things.|||oo yeah, they have such a big problem, u can sue them because they are neglecting your information, and they are exposing themselves to liability problems. if they steal from u u can sue them and win a lot of money... bye|||they lose money if they don't. you're not legally required to pay if they screw up|||Your credit card number is not a secret since you show it to people every time you the card. It is your pin number which is secret and you can demand compensation if anyone divulges it.
They take the card via a secure website, and then they go and do something like this with it. I'm furious, but I'm not sure if they have actually done anything illegal or just irresponsible.
What are their legal responsibilities in the handling of my credit card number.
Anyone know?|||This happens all the time. It is in the best interest of a company to protect users data, but it is common for these data to go public. There is not much consumer can do about it, since when we make purchases, we let them have access to our data. Some companies even sell our data for profit. Thats why I carry cash and use only cash when I buy things.|||oo yeah, they have such a big problem, u can sue them because they are neglecting your information, and they are exposing themselves to liability problems. if they steal from u u can sue them and win a lot of money... bye|||they lose money if they don't. you're not legally required to pay if they screw up|||Your credit card number is not a secret since you show it to people every time you the card. It is your pin number which is secret and you can demand compensation if anyone divulges it.
What are the consequences of not paying off credit card debt?
My family and I had an unplaned birth, and our now overwhelmed with medical expenses and the new expenses from the child. Since we did not have health insurance we became overwhelmed with bills. Over the last couple of years we have fallen progressively farther behind on our credit card bills. We have not made a payment on some of the cards in over nine month. Utlimately, besides lowering our credit score, is the consequences of not paying the cards. Can the creditors take our vehicles? Take money from our bank accounts? Garrnish our wages? We are very worried about our debt and would like to pay the debt off, yet feel very intimidated by the whole process. Thanks for any help|||Since it's been several months since you have paid your credit cards I am going to assume that they have been written off and sold to collection companies.
What they can do is take you to court and get a judgment against you and your husband, at that point they can garnish wages (if your State allows it), attach bank accounts and file liens on any other property you may own.
If your cars are paid for they can be seized and sold to pay your debt. If you still owe money on them they can file liens to make sure that if you sell them they will be paid out of the proceeds of the sale.
All this on top or ruining your credit for 7-years.|||They can do all that and more; if you have a money source you can tap like 401k , home equity, or money from a relative, you might consider debt settlement as an answer; why not pay them 50 cents on the dollar vs. the whole amount?|||yes they can.they also black listing(all bank in your country) you and your family.i think try to ask minimal payment you can pay.check for over due%26amp;new bills,find finance%26amp;law counsltant
i hope everything will be ok.|||Well theirs always consequences for not paying. That happen to me. The only company that I had problems and that I was afraid that they where gointo garnish my check was Nix Check Cashing. they where berry aggressive over the phone. Your gointo get a lot of bill collector calls. 24/7. Well I think that if your not paying your car note you can get your car repo. But probably the most your gointo get with credit cards are alot of phone calls and letters from bill collectors. They can be a paying in the ***. I know is not the best way. but I dint have nothing to loose. I don't recommend it but I when bankrupt. Good luck to you.|||i would consider banckruptcy
What they can do is take you to court and get a judgment against you and your husband, at that point they can garnish wages (if your State allows it), attach bank accounts and file liens on any other property you may own.
If your cars are paid for they can be seized and sold to pay your debt. If you still owe money on them they can file liens to make sure that if you sell them they will be paid out of the proceeds of the sale.
All this on top or ruining your credit for 7-years.|||They can do all that and more; if you have a money source you can tap like 401k , home equity, or money from a relative, you might consider debt settlement as an answer; why not pay them 50 cents on the dollar vs. the whole amount?|||yes they can.they also black listing(all bank in your country) you and your family.i think try to ask minimal payment you can pay.check for over due%26amp;new bills,find finance%26amp;law counsltant
i hope everything will be ok.|||Well theirs always consequences for not paying. That happen to me. The only company that I had problems and that I was afraid that they where gointo garnish my check was Nix Check Cashing. they where berry aggressive over the phone. Your gointo get a lot of bill collector calls. 24/7. Well I think that if your not paying your car note you can get your car repo. But probably the most your gointo get with credit cards are alot of phone calls and letters from bill collectors. They can be a paying in the ***. I know is not the best way. but I dint have nothing to loose. I don't recommend it but I when bankrupt. Good luck to you.|||i would consider banckruptcy
What will happen if my credit card co. tries to withdraw from a closed bank account?
My bank account has closed but I have a scheduled payment for my credit card tomorrow and it's set to withdraw from the closed account. I've contacted the credit card company asking to change the date but they said they needed more then a 48 hour notice to do so. Could this effect my credit in anyway?|||The transfer will fail.
Since you called them, they should have noted this on your account. Generally credit cards don't report until you are 30 days late so this should not affect your credit. However, you may get socked with late fees and interest. Since you called them, they may waive those if they are in a good mood and you ask nicely.|||From my experience, it will bounce and then you'll have an opportunity to give them the correct account - however the paid date will probably be the date of the second good payment.|||You can pay a credit card bill in other ways. Do that.
Since you called them, they should have noted this on your account. Generally credit cards don't report until you are 30 days late so this should not affect your credit. However, you may get socked with late fees and interest. Since you called them, they may waive those if they are in a good mood and you ask nicely.|||From my experience, it will bounce and then you'll have an opportunity to give them the correct account - however the paid date will probably be the date of the second good payment.|||You can pay a credit card bill in other ways. Do that.
Thursday, December 15, 2011
How can I use my credit card's benefits without the credit card companies making any profit?
I just was approved for both an AMEX blue credit card and a Chase Freedom credit card. Can anyone give me strategies that work while dealing with the credit card companies. I always payoff my debt at the end of the month but will I still be able to collect my benefits while the credit card companies not making a profit off of me.
10pts for that person who answers my question well|||If you're looking to prevent a credit card comapny from making ANY profit off your use of the card, then stop now. The credit card company will always take a percentage of your sale, from the merchant (not from your pocket)...so if you're looking for them to make NOTHING from you, just don't get a card.
If you're looking to prevent them from making anything directly from you, then get a card with no annual fee, and pay off your bill each month. In fact, if you do this, you are cutting into the company's profits in that you're in effect getting an interest free loan.|||Credit card companies do like people who pay off their bills in full at the end of each month because they do not make any money on them. They are counting on you to pay the mininum amount due and by paying that amount they will be making money by earining interest from you. So if you really want the best benefit pay your bill in full each month and save money.|||The only way you can limit the profit the credit card companies make is not to use them. When you use the card the merchant you buy from pays a fee. that is out of your control. Believe you me when I say you can not outsmart these people. If you try anything fraudulent they will prosecute you to the fullest extent of the law and then some. Even asking this question could be construed as fraud foreknowledge.|||You can't. As was said before, merchants pay anywhere from 2 to 3 percent per transaction. Even more for reward cards and American Express. So even if you don't pay interest they make easy money.|||the answers above say it right on.
the slave cards consider u a DeadBeat because u pay your bill on time and in full.
now any purchases u do create profit for the salve cards through the merchant.
use CASH and you get more benefits than u know. visit daveramsey.com to learn what they pray u never ever learn or worse APPLY.|||It really is incredible when it comes to the various possibilities of how you can benefit from a cash back credit card. Here are a few things you need to look for when you choose yours.
The first thing you need to know about cash back credit cards is that some of them come with incentives. Some of these could be pretty good so you may want to start by looking at them. A couple of them will give you as many as 10,000 points which will go toward whatever the focus is of that credit card (air miles, hotels, etc.). If one of these will best suit your needs, then you would want to look at that particular card a little further.
The next thing you want to consider is the interest rate. This can vary anywhere from about 7.99% up to 18.24%. Normally, this interest rate does not go into effect until the introductory period runs out - but it will eventually. So, if you allow balances to remain on your credit card, you will want to choose one with as low an interest rate as you can.
read more at: http://www.card-gallery.com/article/109,鈥?/a>|||As long as you pay in full every month before your grace period is up it will cost you nothing to use the benefits. For every consumer that does this there are tons who carry a balance. The benefits are nothing more than a sales pitch. So what if they lose a little bit of money on you. Thousands of other consumers are paying dearly.|||Yes you will.
Even if you are a "transactor" and pay off your card bills at the end of each months for the rest of your life, companies will still make a small profit - its called "interchange".
When you buy a $100 item - the merchant gets only about $98.00 - 98.50 - the balance of $1.50 - $2.00 goes to the bank - so they make a profit from you through the merchant.
Obviously they will make more if you "revolve" and pay interest - but they have others that will do this - so don't worry!|||The sole purpose of credit cards is to make money off the person using it. A good way to minimize this is to pay the balance off in full each month.|||i pay in full every 21 days. i collect free bonus points. i get extra frequent fl yer points. and i get rebates.
I only charge 25 percent of card and pay in full before charges. takes discipline|||If there are no annual fees and you always pay off your balance before any interest is charged, you should be able to get all the benefits. And since you are only paying the amounts that you paid for services/products purchased, they are not making a profit off you.
10pts for that person who answers my question well|||If you're looking to prevent a credit card comapny from making ANY profit off your use of the card, then stop now. The credit card company will always take a percentage of your sale, from the merchant (not from your pocket)...so if you're looking for them to make NOTHING from you, just don't get a card.
If you're looking to prevent them from making anything directly from you, then get a card with no annual fee, and pay off your bill each month. In fact, if you do this, you are cutting into the company's profits in that you're in effect getting an interest free loan.|||Credit card companies do like people who pay off their bills in full at the end of each month because they do not make any money on them. They are counting on you to pay the mininum amount due and by paying that amount they will be making money by earining interest from you. So if you really want the best benefit pay your bill in full each month and save money.|||The only way you can limit the profit the credit card companies make is not to use them. When you use the card the merchant you buy from pays a fee. that is out of your control. Believe you me when I say you can not outsmart these people. If you try anything fraudulent they will prosecute you to the fullest extent of the law and then some. Even asking this question could be construed as fraud foreknowledge.|||You can't. As was said before, merchants pay anywhere from 2 to 3 percent per transaction. Even more for reward cards and American Express. So even if you don't pay interest they make easy money.|||the answers above say it right on.
the slave cards consider u a DeadBeat because u pay your bill on time and in full.
now any purchases u do create profit for the salve cards through the merchant.
use CASH and you get more benefits than u know. visit daveramsey.com to learn what they pray u never ever learn or worse APPLY.|||It really is incredible when it comes to the various possibilities of how you can benefit from a cash back credit card. Here are a few things you need to look for when you choose yours.
The first thing you need to know about cash back credit cards is that some of them come with incentives. Some of these could be pretty good so you may want to start by looking at them. A couple of them will give you as many as 10,000 points which will go toward whatever the focus is of that credit card (air miles, hotels, etc.). If one of these will best suit your needs, then you would want to look at that particular card a little further.
The next thing you want to consider is the interest rate. This can vary anywhere from about 7.99% up to 18.24%. Normally, this interest rate does not go into effect until the introductory period runs out - but it will eventually. So, if you allow balances to remain on your credit card, you will want to choose one with as low an interest rate as you can.
read more at: http://www.card-gallery.com/article/109,鈥?/a>|||As long as you pay in full every month before your grace period is up it will cost you nothing to use the benefits. For every consumer that does this there are tons who carry a balance. The benefits are nothing more than a sales pitch. So what if they lose a little bit of money on you. Thousands of other consumers are paying dearly.|||Yes you will.
Even if you are a "transactor" and pay off your card bills at the end of each months for the rest of your life, companies will still make a small profit - its called "interchange".
When you buy a $100 item - the merchant gets only about $98.00 - 98.50 - the balance of $1.50 - $2.00 goes to the bank - so they make a profit from you through the merchant.
Obviously they will make more if you "revolve" and pay interest - but they have others that will do this - so don't worry!|||The sole purpose of credit cards is to make money off the person using it. A good way to minimize this is to pay the balance off in full each month.|||i pay in full every 21 days. i collect free bonus points. i get extra frequent fl yer points. and i get rebates.
I only charge 25 percent of card and pay in full before charges. takes discipline|||If there are no annual fees and you always pay off your balance before any interest is charged, you should be able to get all the benefits. And since you are only paying the amounts that you paid for services/products purchased, they are not making a profit off you.
Best Credit Card to use when advertising in google and yahoo?
I'm looking for the best rewards card for my business which I really only use for advertising expenses. I have seen stuff advertised for 3% back on credit cards for yahoo advertising. Any suggestions?|||Using a credit card to run your Adwords or Yahoo advertising accounts is a great way to cash-in off your business expenses! I've been doing the same thing for the past year or so - and since I do alot of advertising - I've already earned enough to take several trips - for FREE!
I use an American Express Gold Rewards Card. It's not a "credit card" since you pay the bill in full each month - but it's a great way to earn travel rewards without having to pay interest. Of course, if you think you might need to carry a balance every once in a while - or you'd prefer cash rewards - go for a credit card. Here's a great place to compare a wide range of business credit cards (including the AMEX Gold card I mentioned above): http://www.asapcreditcard.com/business-c鈥?/a>
I just wish I would have started using a reward card for my business expenses 3 or 4 years ago (when I first started advertising online). I could have probably seen half the world by now! Guess late is better than never!|||go to http://www.rscreditcard.com/ and sign up for a Credit Card this site has all the major credit cards
|||An useful article on Credit card. I hope it will help you now or later. You could find it here Apply for credit cards through the Internet 鈥?wise financial decision and the link of the article is http://www.jobfindcareer.com/Apply-for-c鈥?/a>
Best wishes. Cheers!
PS: Article source: http://www.jobfindcareer.com/
I use an American Express Gold Rewards Card. It's not a "credit card" since you pay the bill in full each month - but it's a great way to earn travel rewards without having to pay interest. Of course, if you think you might need to carry a balance every once in a while - or you'd prefer cash rewards - go for a credit card. Here's a great place to compare a wide range of business credit cards (including the AMEX Gold card I mentioned above): http://www.asapcreditcard.com/business-c鈥?/a>
I just wish I would have started using a reward card for my business expenses 3 or 4 years ago (when I first started advertising online). I could have probably seen half the world by now! Guess late is better than never!|||go to http://www.rscreditcard.com/ and sign up for a Credit Card this site has all the major credit cards
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|||An useful article on Credit card. I hope it will help you now or later. You could find it here Apply for credit cards through the Internet 鈥?wise financial decision and the link of the article is http://www.jobfindcareer.com/Apply-for-c鈥?/a>
Best wishes. Cheers!
PS: Article source: http://www.jobfindcareer.com/
How to build my credit score without applying for a credit card?
Credit Card companies keep refusing me so I can't use credit cards. How else can I do it?|||Make sure you are registered on the electoral roll for your current address (the address you are applying with), they use this to verify you are a real person and not a fraudster. Get your credit file checked with Experian or Equifax (google their names, you can use either of their websites), it will cost a smallish amount but will let you see if there's any incorrect information that could be causing the problem. To register on the electoral roll go to www.aboutmyvote.co.uk, it only updates once a quarter or so, so give it time. If you have applied for alot of cards recently this also affects your ability to get credit and if so wait six months and try something like Capital One (fairly easy) or your own bank.|||A secured loan.
You drop 1,500 to 3,000 into a savings or a cd.
You make a one year loan against it.
-----------------
Find out what is keeping you from getting a card.
Get your credit reports at Annual Credit Report.com / UK
You never know what's in them.
Reports are free - always have been.
You might have to do this by mail if it's your first time - they will tell you.
If anything, at least this will establish your name and address with the credit bureaus.
Also, are you under 21?
New regulations are making it almost impossible for anyone under 21 to get a credit card.
If you get a card, make sure you pay in full each month.
Carrying balances can destroy credit and in some cases devastate lives...|||Get small loans from your local bank, and use the loan to make payments.
This will help you build your credit and is worth the interest, just don't use the loan money.
You drop 1,500 to 3,000 into a savings or a cd.
You make a one year loan against it.
-----------------
Find out what is keeping you from getting a card.
Get your credit reports at Annual Credit Report.com / UK
You never know what's in them.
Reports are free - always have been.
You might have to do this by mail if it's your first time - they will tell you.
If anything, at least this will establish your name and address with the credit bureaus.
Also, are you under 21?
New regulations are making it almost impossible for anyone under 21 to get a credit card.
If you get a card, make sure you pay in full each month.
Carrying balances can destroy credit and in some cases devastate lives...|||Get small loans from your local bank, and use the loan to make payments.
This will help you build your credit and is worth the interest, just don't use the loan money.
What are the advantages of getting a Home Depot credit card?
Do people who use the Home Depot credit card get any discounts or cash back/store credit? If not, then what is the point of using one versus a regular credit card? I would be paying the balance in full every month like I do with a regular credit card.|||Periodically they will run special promotions like 6 months same as cash for purchases of $500 or more (or similar). If you can make use of one of these promotions, then it's a good deal. Otherwise, a card you already have or cash would be just as good.|||credit at home depot!!!|||Not having to pay right away for that expensive item you cannot afford.|||there is nothing good aside from getting the credit from home depot. Another debt card, only this time its home depot, are you prepared to have another card only home depot acknowledge?
How to transfer my credit card and store card balance?
Can anyone tell me if I should pay off my argos store card with my current credit card before I transfer my credit card balance over to a 0% interest one? Ive never done this before.
Thanks :-)|||It's a good idea, given that you have already different credit debts.
But when you get the new card, don't think the credit limit is a credit.
You'll still have to pay it sometime.|||In my case yes, for starters I don't think many banks allow you to transfer a balance from an "store" card so paying it off with one card then transferring it to another would be the "easiest" option and the APR on an Argos card must be around 26% which is plain daft!
Thanks :-)|||It's a good idea, given that you have already different credit debts.
But when you get the new card, don't think the credit limit is a credit.
You'll still have to pay it sometime.|||In my case yes, for starters I don't think many banks allow you to transfer a balance from an "store" card so paying it off with one card then transferring it to another would be the "easiest" option and the APR on an Argos card must be around 26% which is plain daft!
How long until I get good credit with my Capital One credit card?
I have zero credit. I have been trying to gain good credit but no one will give me a loan, Target and Walmart refused me their credit cards because I have no credit. So I got an offer from Capital One for their credit card, and they approved me! I was so excited but now I am hearing the horror stories about them. If I keep my card for a year, charge as little as possible and pay slightly over the minimum would I have enough good credit that I could cancel the card and get myself a better one?|||That is a good plan to build credit. I do recommend (if you are going to use a credit card) paying the balance in full each month, and not carry a balance. When you carry a balance from month to month you are charged interest on the balance. I recommend never charging any more than you can pay off in full when the statement is available.|||Use it conservatively, pay off the full balance on time every month and you will be fine.|||Use the card wisely by charging only what you can pay when the monthly statement comes in. Always pay in full and pay on time. Do not carry a balance and do not ever be late with your payment. In six months your credit rating will have improve good to excellent.|||I have a Capital One card and never had any problems with them. If you pay on time and stay under your credit limit then you should be fine.|||Paying slightly over the minimum will do nothing to help your credit...pay it off in full. And as for Captial One, they can't take a hint. I only returned about 1,000 of their offers by 'return to sender' and I finally had to call the opt out line which can be found at the bottom of most offer memos.
How disapproval of credit card application affects credit history?
I have applied for a credit card and got disapproved as they says I have limited credit history. Does it adversely affect my credit history and score? Should I go ahead and apply for another one now?|||The disapproval itself will not show up in your Credit History. The the only impact to your score is that related to the Creditor pulling your Credit Report, called a "Hard Inquiry". It's not a big hit, but the Credit Bureaus do track Hard Inquiries for the last twelve months and it could impact your score if there's been too many.|||It can do. You'd be better to wait and try and find out more information as to why they've refused you. Another refused application will definitely hurt your credit rating.
The best course of action will depend a lot on the amount of other financial information a company looking to offer you a card can see on you via the credit referencing agencies, and you credit score. If you have lots of positive history, you've been resident on one place for a while, this issue will quickly fade into the background. If on the other hand this application is the only information they can find on you, it will be there looking awkward for around a year or until something positive comes along that sends positive messages to any lender.
If you contact the credit reference agencies, and get a copy of your credit report, you'll get a pretty good idea of how the credit card company is seeing you. What they're looking for is evidence of you being financially responsible. Being on the voters roll, the register of electors is very important.
You need to start to build some positive news on the credit reference agencies files, and then these issues will soon become old news.
Take a look at my blog there's a lot there about improving your credit rating.
http://www.cardchoices.co.uk/credit-card鈥?/a>
you can also get a free copy of your credit report.
http://www.cardchoices.co.uk/credit-card鈥?/a>|||Making many credit applications will negatively effect you rating, suggest you keep a close eye on your credit record.
I agree with above, try not to get into much debt, however do have some debt and pay it of promptly and where possible in full, so that it builds your credit for the futor, when you need credit for a large purchase like a car or home.
Get you hands on your credit file, it鈥檚 an eye opener.
http://www.mb01.com/lnk.asp?o=2532%26amp;c=360鈥?/a>
Hope this helps
Daniel|||You don't need a credit card, stop applying. Do not get into debt. Pay for everything in cash. A good rule of thumb to live by is if you can't afford to pay cash for an item, you can not afford to use credit to pay fro an item. My family makes less than $40,000 a year, we have a house and two cars, paid cash for all. If I can do it, anyone can, regardless of income. Save money and pay cash! For more information visit www.daveramsey.com.|||No you shouldn't apply for another one now, too many inquiries can lower your credit score because it will make you look credit hungry. Leave some months in between credit applications.
The best course of action will depend a lot on the amount of other financial information a company looking to offer you a card can see on you via the credit referencing agencies, and you credit score. If you have lots of positive history, you've been resident on one place for a while, this issue will quickly fade into the background. If on the other hand this application is the only information they can find on you, it will be there looking awkward for around a year or until something positive comes along that sends positive messages to any lender.
If you contact the credit reference agencies, and get a copy of your credit report, you'll get a pretty good idea of how the credit card company is seeing you. What they're looking for is evidence of you being financially responsible. Being on the voters roll, the register of electors is very important.
You need to start to build some positive news on the credit reference agencies files, and then these issues will soon become old news.
Take a look at my blog there's a lot there about improving your credit rating.
http://www.cardchoices.co.uk/credit-card鈥?/a>
you can also get a free copy of your credit report.
http://www.cardchoices.co.uk/credit-card鈥?/a>|||Making many credit applications will negatively effect you rating, suggest you keep a close eye on your credit record.
I agree with above, try not to get into much debt, however do have some debt and pay it of promptly and where possible in full, so that it builds your credit for the futor, when you need credit for a large purchase like a car or home.
Get you hands on your credit file, it鈥檚 an eye opener.
http://www.mb01.com/lnk.asp?o=2532%26amp;c=360鈥?/a>
Hope this helps
Daniel|||You don't need a credit card, stop applying. Do not get into debt. Pay for everything in cash. A good rule of thumb to live by is if you can't afford to pay cash for an item, you can not afford to use credit to pay fro an item. My family makes less than $40,000 a year, we have a house and two cars, paid cash for all. If I can do it, anyone can, regardless of income. Save money and pay cash! For more information visit www.daveramsey.com.|||No you shouldn't apply for another one now, too many inquiries can lower your credit score because it will make you look credit hungry. Leave some months in between credit applications.
Why did the free credit check ask me for a credit card number?
I need a credit check on myself. I have done this in the past, and never needed a credit card number. I have never given a credit card number without being charged.
Does anyone know of a free credit check without giving a credit card number?|||Because you went to a website that aims to deceive people about getting free credit report
Go to http://www.annualcreditreport.com
This is the TOTALLY FREE website that will not even ask for your credit card number.
The federal Fair Credit Reporting Act (FCRA) http://www.ftc.gov/os/statutes/031224fcr鈥?/a> requires that U.S. consumers be entitled to a free credit report each year. The government鈥檚 goal is to make sure that consumers stay informed, fight identity theft, and get fair treatment. This is the government mandated website where you can get 1 free credit report from the 3 agencies for free in one year. Go to this website and you can get your credit report from the 3 credit agencies|||Watch out for those things and read the fine print on the Terms of Use Agreement. Most of those will keep charging your card EVERY month . Go to your local Retail Merchants Association in person with some ID and ask for a copy of your credit report.|||Its A credit Card scam becarefull they steal your card number they tell you at first it free credit report but its not report them as fraud good luck|||I have been seeing ads all over TV for a company that tells you to call them for a free copy of your credit report. (fine print: they will give you a copy of your credit report but enroll you in some sort of credit protection program and will bill you monthly----thus requiring your credit card number)
Does anyone know of a free credit check without giving a credit card number?|||Because you went to a website that aims to deceive people about getting free credit report
Go to http://www.annualcreditreport.com
This is the TOTALLY FREE website that will not even ask for your credit card number.
The federal Fair Credit Reporting Act (FCRA) http://www.ftc.gov/os/statutes/031224fcr鈥?/a> requires that U.S. consumers be entitled to a free credit report each year. The government鈥檚 goal is to make sure that consumers stay informed, fight identity theft, and get fair treatment. This is the government mandated website where you can get 1 free credit report from the 3 agencies for free in one year. Go to this website and you can get your credit report from the 3 credit agencies|||Watch out for those things and read the fine print on the Terms of Use Agreement. Most of those will keep charging your card EVERY month . Go to your local Retail Merchants Association in person with some ID and ask for a copy of your credit report.|||Its A credit Card scam becarefull they steal your card number they tell you at first it free credit report but its not report them as fraud good luck|||I have been seeing ads all over TV for a company that tells you to call them for a free copy of your credit report. (fine print: they will give you a copy of your credit report but enroll you in some sort of credit protection program and will bill you monthly----thus requiring your credit card number)
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