it would really depend on the age of the debt, if it is more than 6 months, leave it alone.
By settling it it becomes current news not old and forgotten. It will make you feel better about paying your debts but will actually harm your credit score.
You'll sleep better at night but your credit won't.
No. Credit card debt is unsecured and they can take nothing from you ever. They can only harrass and threaten and trick you into settling for a percntage of what you owe.
NOT really. All I know is party is cats and raining dogs and mice and food
You can settle a credit card debt in a number of ways. You can pay by cash over the counter at your local branch, you can settle the bill by wire transfer or internet transfer, or you can write a check.
In most cases, it is always better to pay the credit card off in full because the payoff is best for your credit rating. If you are able to settle the debt with an agreement that states that the credit card company will not send an adverse action transaction (e.g., chargeoff, workout, etc.) to the credit reporting bureaus, then you are better off settling.
No, it does not really die with the individual, but it could. The estate is responsible for settling any debts of the deceased. If the assets of the estate aren't enough to cover them, the debt will be discharged.
No. Credit card debt is unsecured and they can take nothing from you ever. They can only harrass and threaten and trick you into settling for a percntage of what you owe.
NOT really. All I know is party is cats and raining dogs and mice and food
You can settle a credit card debt in a number of ways. You can pay by cash over the counter at your local branch, you can settle the bill by wire transfer or internet transfer, or you can write a check.
Bankruptcy would be more credit damaging than just having large credit card debt, mainly because it stays on your credit report for longer. One of the biggest disadvantages of filing for bankruptcy is the lasting effect it has on your credit report- typically staying on your report for 7-10 years. With credit card debt there are more flexible options and obviously when you pay the debt and does not stay on your report for as long.
In most cases, it is always better to pay the credit card off in full because the payoff is best for your credit rating. If you are able to settle the debt with an agreement that states that the credit card company will not send an adverse action transaction (e.g., chargeoff, workout, etc.) to the credit reporting bureaus, then you are better off settling.
No, it does not really die with the individual, but it could. The estate is responsible for settling any debts of the deceased. If the assets of the estate aren't enough to cover them, the debt will be discharged.
No, it does not really die with the individual, but it could. The estate is responsible for settling any debts of the deceased. If the assets of the estate aren't enough to cover them, the debt will be discharged.
The diffference between a debt card and a credit card is ,in a debt card it's money from your account .In a credit card is when you borrow money from the bank.
I am so in debt and I am worried about paying my credit cards. Where can I get advice on credit card debt solutions?
There were no credit cards in 1900, hence no credit card debt.
A person is in credit card debt when they have charges on their credit card and can not pay them. A person can make charges on a credit card and make payments at a later date. When a person charges on their credit card, the charge is now a debt that must be paid.
Locating information on settling credit card debt is readily available at many credible sources online. The information can be obtained from the Consumer Information site provided by the government. There are also many private companies with information available.