Archive for June, 2009

What happens when you stop paying your credit cards?

Tuesday, June 30th, 2009

velocitysc43 asked: So I've done some research and I know all of the consequences of walking away from credit card debt. But I am not sure what I should do. I know many people have asked this same question and were told to get credit counseling. I've also looked into ...

My Business Credit Card’s interest rate jumped to 35.5%. Is that LEGAL?

Monday, June 29th, 2009

pitsy43 asked: I had a great interest rate on my Advanta Business card that I had for my spouses company. But after we bought our first house, the mortgage loan left our debt to income ratio off, so that our credit scores dropped drastically. Advanta then decreased our spending limit ...

Would it be better to pay off my car or put towards high interest rate credit cards?

Monday, June 29th, 2009

ChiTownSmarty asked: I just got a loan with a lower interest rate to consolidate some debt... but now I'm wondering if I should just pay off my car with it which has the same interest rate and free up $300 month which I can apply towards my high interest rate ...

When trading in a car, can you get cash for your trade in, instead of putting it all towards the new car?

Sunday, June 28th, 2009

Cookie On My Mind asked: I'd like to trade in my car (it's paid for) and get cash back for it and use that cash to pay off my high-interest credit cards. Can you do that? Or does your trade in value have to be put towards the purchase of ...

Is it better to pay for a car lease down payment in cash or credit?

Sunday, June 28th, 2009

pgajder asked: I'm currently setting up my budget and my current lease is due up in the end of march. I have roughly 2500 to pay off on my credit card, as well as my other typical expenditures. I was curious if I should pay off most of the card ...

How should I send the payment? I can no longer pay my credit cards?

Wednesday, June 24th, 2009

reallyfedup asked: I have had them for many years and never been late but due to my lower income and the higher interest rates (they keep raising them and now I have 29.9% interest although I have never missed a payment or been late. There is no money to send ...

Good credit cards for students?

Tuesday, June 23rd, 2009

freeskier005 asked: I am looking for a credit card and I am a student. Do you know what some good cards are? I am looking for cars that have benefits with them as well as a low interest rate and APR. Thanks so much!TERRA

What credit card would best fit my needs?

Sunday, June 21st, 2009

Atarah W asked: I am a student in college, and I also operate a small business. I need a credit card to make small purchases for my business, usually nothing over $200 at a time. I want something with a low interest rate, but when it comes to credit card ...

Collection agency posted adverse mark on my credit report that’s not mine?

Saturday, June 20th, 2009

Sharnee asked: I asked them for proof (copy of credit application) they said they don't have and all they can give me is a signed statement from the bank that it was opened in my name(but the bank could of made a mistake). I never received any correspondence from ...

Can I get a credit card for my new born child so as to improve his/her credit history?

Saturday, June 20th, 2009

DLC asked: Don't have a kid as yet...but was in a discussion with a friend. Does it make sense to get your kid a credit card right when they are born (or very, very young) so as to establish credit for them. Use the card once in a while and ...