Can you still get credit cards if you are in a debt counseling program?
== == You can probably still get credit cards if you are enrolled in a debt management program. However, doing so can jeopardize the benefits that you already have with your existing creditors. Your interest rates and minimum payments could go up substantially if they drop you from the program.
If you are enrolled in a debt management program, you have agreed not to open new credit card accounts until you complete the program. Remember, this is what got you in trouble in the first place, so it is best to be careful when applying for new credit when you have had problems in the past.
Once you are enrolled in a debt counseling program, using your credit cards is no longer an option. Credit cards are an easy way to mount up your debt situation. One of the principles in debt counseling is not incurring new debts. You cannot use your credit cards when you are undergoing debt counseling. You will also need to cancel your credit card insurance.
If you use a debt counseling service that consolidates your debt for you can you still make payments to your credit card company directly?
When you use a debt counseling service that consolidates your debt for you, you are supposed to make one monthly payment to the credit counseling company instead of paying your credit card companies individually. However, if you come into some extra money and you want to make an extra payment directly to the credit card company, you may need to do some research. Once you sign a contract with your credit counseling company you'll need…
If you have good credit history with some credit cards will they still show that on your credit report and that you paid on time after filing chapter 7?
Sub Prime cards are legal and legit, although not a good idea unless an absolute emergency. These cards carry very heavy fees and offer extremely low credit lines. The fees can be as much as 25% of the cards credit limit regardless of usage amount and there is no limit on these cards' interest rate. If, after considering these facts of the cards, it is still desirable for you to consider this as an option…
Washington Mutual credit cards arenâ€™t available anymore. WaMu was bought out by JPMorgan Chase in the fall of 2008, which means that no new credit cards will be issued under that name. Existing Washington Mutual credit card customers can still use their cards, and they can make their payments at either a WaMu or Chase branch.
== == == == * A debt consolidation loan is a loan you get to pay off multiple loans or lines of credit. Debt consolidation loans are useful when you have varying amounts of debt on varying items (car loan, credit cards, medical bills, etc.). The idea is to get a loan at a fixed and low interest rate to pay off your varying debts. It typically lessens the total amount of money you end…