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Can a credit card company raise your interest rate if you have never been late on a payment?
Wiki User
∙ 12y ago
Unfortunately, yes.
Wiki User
∙ 12y ago
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Can a credit card company blemish your credit if your mail was lost and they never contacted you?
Unfortunately, yes - the company sent you notice of a payment due and you did not pay it. If you can prove the notice never received you, then you might be able to avoid late fees and a late payment notice on your credit rating.
Will closing a 16 year old credit card account with an excellent payment history and a 18500.00 credit limit in order to get a card with a much better interest rate affect your credit rating?
Closing a 16 year old seasoned credit card account with an excellent payment history will NEVER improve your credit. As a matter of fact, opening a new credit account will also temporarily reduce your score. If you need a lower rate, call your current credit card company and request it. It is a much better solution that can save you money on interest. The following link can show how to request a lower interest rate on your current credit card account.
Can you prevent a credit card company from coming to your job and demanding payment?
I have never heard of this kind of tactic being used by a credit card company. If true, this shows a real lack of social responsibility on the part of this company and I feel this is harassment. They typically process the complaint through a lawyer.
A paid collection is still on my credit report it was not turned over a s a last resort they never gave you a chance to make payment arrangements from the time it was due?
go to another company.
How long does a company have to inform a cosigner that the borrower is in default in payment?
It is their legal right to never inform you and simply allow your credit deteriorate. It is your job as the cosigner to make sure the contract is up-to-date.
Can a credit card company blemish your credit if your mail was lost and they never contacted you?
Unfortunately, yes - the company sent you notice of a payment due and you did not pay it. If you can prove the notice never received you, then you might be able to avoid late fees and a late payment notice on your credit rating.
If you have debt on a credit card and you have never missed making a payment on time can a credit card company change the interest rate on the debt accumulated on that card?
Yes, it can. But you have to be given notice of the change in rate beforehand, and you may have additional rights under the laws of your state.
Will closing a 16 year old credit card account with an excellent payment history and a 18500.00 credit limit in order to get a card with a much better interest rate affect your credit rating?
Closing a 16 year old seasoned credit card account with an excellent payment history will NEVER improve your credit. As a matter of fact, opening a new credit account will also temporarily reduce your score. If you need a lower rate, call your current credit card company and request it. It is a much better solution that can save you money on interest. The following link can show how to request a lower interest rate on your current credit card account.
You gave a company your credit card as proof of id and they took money without permission?
My guess is that company was a collection agency? Never give anyone your bank info, or credit card info. If the company was a legitimate company you were doing business with and you did not authorize payment dispute the charge with your credit card company.
Can you prevent a credit card company from coming to your job and demanding payment?
I have never heard of this kind of tactic being used by a credit card company. If true, this shows a real lack of social responsibility on the part of this company and I feel this is harassment. They typically process the complaint through a lawyer.
I recently got a summons to appear in court. I got a car in September and I never received a payment book. I did not know where to submit a payment. The company issued me two temporary plates?
Now that you know who to contact pay for the car and the finance company will be happy and your credit will not suffer.
How do you get the title to a car you've had 5 years is on your credit as a repossession but the company never physically repossessed?
contact the lending institution and offer to make partial payment in exchange for the title.
A paid collection is still on my credit report it was not turned over a s a last resort they never gave you a chance to make payment arrangements from the time it was due?
go to another company.
Never Miss a Credit Card Bill Payment?
It is possible to never miss a credit card payment by keeping a simple calendar of due dates. Use a big calendar in a handy place, like by the kitchen stove. When you get a credit card bill, open it and mark the due date and amount in red on your calendar. Always make a credit card bill payment on time. Missing by an hour can cost up to $40 in late fees. The best policy is to pay as soon as you get the bill, but keeping a calendar will help you never miss a credit card bill payment.
Late Is Never Okay?
When money gets tight it can be tempting to put off your credit card bills to make other payments. Unfortunately, this can lead to a cycle that will raise your interest rates and damage your credit score. Paying your credit card bill on time should always be a priority.Credit Card Companies Talk To Each OtherOne late credit card bill payment can raise interest rates on every credit card you have. Since credit card companies send each other payment status information, paying late can offer a window that will let the interest rate on any balance you are carrying start to skyrocket legally. The costs can add up quickly.Paying a minimum balance on time will work out better than paying a larger balance later on. If you can only pay the small amount when your bill is due, pay it and save the rest to add to your next credit card payment. choosing to make a payment of credit card bill balance as soon as it is due can protect you from interest issues entirely if you have the chance.
How long does a company have to inform a cosigner that the borrower is in default in payment?
It is their legal right to never inform you and simply allow your credit deteriorate. It is your job as the cosigner to make sure the contract is up-to-date.
If you never made a payment on a student loan and it was turned over to another company when can you have the first company taken off your credit?
after 6 mos. it goes into default, and then the 7 yrs. starts, so it would be 7 yrs., 6 mos.
