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You pay off a credit card balance by paying the full balance shown on your monthly statement at least 7 days before the due date.
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∙ 14y ago
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What should you pay off first a credit card or a collections debt?
Your credit card because once you pay it off, the collection agency would quit annoying you all the time. They would be satisfied because they will get a part of the money you pay to your credit card. :)
Can I use my credit card after I pay off the collections agency?
No. Once it is sent to a collection agency the company has closed the credit card.
Once you pay off a high balance on a credit card how soon will that affect your credit score?
Once you have paid the credit card balance off it will affect your score the following month. This is because the credit agencies only update your credit once a month. So the month following the payment would reflect the new balance of $0 and the score would be raised at that time.
What are the advantages of credit card consolidation?
Credit card consolidation consolidates all of ones debt. Credit consolidation makes it easier to pay off ones credit card debt with a lower interest rate than most credit card companies.
How do you get a credit card 'Closed' on your Credit Report for a company which is out of business to reduce your available outstanding credit?
I would dispute it with the credit card companies and once they will have to take care of it or will either not be able to contact the company and therefore have to take it off.
What should you pay off first a credit card or a collections debt?
Your credit card because once you pay it off, the collection agency would quit annoying you all the time. They would be satisfied because they will get a part of the money you pay to your credit card. :)
Can I use my credit card after I pay off the collections agency?
No. Once it is sent to a collection agency the company has closed the credit card.
Will credit card company close your account once you pay off your balance?
no
Once you pay off a high balance on a credit card how soon will that affect your credit score?
Once you have paid the credit card balance off it will affect your score the following month. This is because the credit agencies only update your credit once a month. So the month following the payment would reflect the new balance of $0 and the score would be raised at that time.
Can you write off credit card interest on your taxes?
Is there a way to write off credit card interest on corparation credit card?
If a collection account isn't a credit card does it fall off your credit report immediately once it is paid?
No. Negative entries concerning all creditor debts remain on the consumer's credit report for the required 7 years.
What reflects better on your credit report a zero balance on your credit card or buying something once a month and paying it off?
Buying something and paying it off. It shows the creditor that you are responsible and not a credit risk. Be aware though, you will be flooded with competing credit card company offers.
What are the advantages of credit card consolidation?
Credit card consolidation consolidates all of ones debt. Credit consolidation makes it easier to pay off ones credit card debt with a lower interest rate than most credit card companies.
How do you get a credit card 'Closed' on your Credit Report for a company which is out of business to reduce your available outstanding credit?
I would dispute it with the credit card companies and once they will have to take care of it or will either not be able to contact the company and therefore have to take it off.
How can you transfer money from your credit card to your son's credit card?
Credit cards are normally used to pay for goods and services - not cash transfers. The only logical way would be for you to get a cash advance from your card company (IF they do that kind of transaction) - then, once it's deposited in your bank account, transfer it to your son's bank account. Once the money is cleared, he can then use that sum to pay off his credit card.
With a credit card will your credit be better if you pay it all off at once or if you pay it of in a few installments?
If you only have one credit card and are a new user, it is always best to pay the credit card off. The exception is if you are planning to buy or finance a home/car, then keeping a LOW balance that is paid is in regular monthly payments, yet not completely paid off, always before it is due reflects that you know how to manage you credit and establishes a credit history. Banks usually look for a 3 years personal history depending upon your age.
What are some appropriate uses of credit cards?
When using a credit card, its important you use it properly. (check this link out:http://www.americanfinancialfreedom.org/credit-cards/usingacreditcard.aspx)To build good credit, I recommend using the credit card to make large payments (ie furniture, bills) or items you can pay back immediately. This is crucial! You absolutely do not want to go into debt to a credit card-- interest rates, credit line fees, etc pile up quickly and will drown you.Be responsible, when yo use your credit card, pay it off immediately. If you do have debt on your credit card and can't pay it all off at once, try to pay MORE than the monthly minimum.
