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If freelancing is the only work you can get right now and interest on your credit card is sky high and ruining your credit and you can't get caught up how can you save what is left of your credit?
Wiki User
∙ 11y ago
High interest should not hurt your credit, but does affect your ability to pay your balance off. I have to assume that the interest rates are high because you may have made a payment late at some point, or there is another issue elsewhere. To get yourself out of this situation, I suggest that you consider working a part-time or weekend job, applying all the net earnings from that job towards the balance. In time, the interest rate will drop, and you'll be able to drop the additional work. You didn't get yourself into this situation overnight, or maybe you did, but it will take some hard work to change things.
Wiki User
∙ 11y ago
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Can you sue somebody for ruining your credit?
yes can do, by sueing the company.
What is the interest rate on loan?
Interest rates are based solely on the severity of your credit. Good credit = low interest rate. Bad credit = higher interest rate.
What does the term interest credit refer to?
The term interest credit refers to percentage of the credit that will be added as interest by the bank that issued a credit card. In this case, when the customer exceeds the allowed money limit, the bank will start taking interest on the exceeded credit.
What is an advantage of having an interest rate credit card?
The advantages of having a credit card with an interest rate is it helps build one's credit faster. The higher the interest rate of the credit card, the higher the credit score.
How do you calculate effective interest rate on a line of credit?
how is line of credit interest calculated
Why is Equifax ruining credit?
Because your credit sucks.
Can you sue somebody for ruining your credit?
yes can do, by sueing the company.
Letting the credit card company send you to collections since your credit is already shot to avoid paying future interest is this a good idea?
If your goal is to avoid future interest, letting an account go into collections is not the way to go. Collection accounts continue to accrue interest and fees, in addition to ruining your credit. If the balance gets high enough, the creditor or collection agency may file suit against you to recover the amount owed.
Can you sue your employer for using and ruining your credit?
I'm sure you can, but I doubt your going to get much if they needed to use your credit, then ruined it.
What is the interest rate on loan?
Interest rates are based solely on the severity of your credit. Good credit = low interest rate. Bad credit = higher interest rate.
What does the term interest credit refer to?
The term interest credit refers to percentage of the credit that will be added as interest by the bank that issued a credit card. In this case, when the customer exceeds the allowed money limit, the bank will start taking interest on the exceeded credit.
What is an advantage of having an interest rate credit card?
The advantages of having a credit card with an interest rate is it helps build one's credit faster. The higher the interest rate of the credit card, the higher the credit score.
How do you calculate effective interest rate on a line of credit?
how is line of credit interest calculated
What is the journal entry for accrued interest expense on Notes Payable?
debit interest expense, credit interest payable for the accrued amount
Can you earn interest from a credit card if you have a positive credit account and does the credit company have to pay you interest for borrowing your money?
You cannon earn interest from a credit card if you have a positive credit account. The bank will simply give you a refund if you have overpaid.
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 your daughter's car is in your name and she is not paying can you let it get repossessed without ruining you and your spouse's credit rating?
No. You are the primary borrower, and it will be entered as a repo. on your credit report.
