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Is debt mediation useful if you are behind on credit card payments?
Wiki User
∙ 14y ago
The debt counselling / mediation industry is rotten to the core. Here's an article that explains the major problems with the industry: http://www.consumeraffairs.com/debt_counsel/debt_counseling.html
Wiki User
∙ 14y ago
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Should I seek out the services of credit counseling to handle my bankruptcy?
Credit counseling can be useful to use before declaring bankruptcy. They can help you manage your debt, develop a realistic budget, and formulate a plan to negotiate payments.
What is the purpose of using a credit card?
Credit cards are very useful for helping to establish credit, and are invaluable when making certain purchases for which cash or other forms of payment are not convenient. However, nobody benefits if you get into the habit of using credit cards to spend money that YOU DO NOT HAVE. Perceived benefits of using cards can also get eaten up if you carry large balances from month to month. Interest rates on cards can be outrageous, and in some cases should be downright illegal; companies take huge amounts of money from people just to stay on top of interest payments. So they are useful, but they are dangerous if not properly controlled and used. Credit cards involve what is called revolving credit, and this is only one kind of credit. Relying on it alone will not get you the highest credit ratings.
How is credit history check useful?
"A credit history check would be useful if you were trying to buy a house or a car, or obtain a loan. You could check your credit first, and if there were problems you could pay them off before applying for loans."
How electromagnets are useful when data is transferred onto a credit card?
Electromagnets are useful when data is transferred onto a credit card because they store the confidential, security information within the magnetic stripe.
Credit Card Responsibility?
Important financial tools used successfully by many are credit cards. It is true that some people have trouble managing their credit cards, but this may be from lack of knowledge about the best way to take advantage of using credit cards. This skill can be learned. If you have an emergency, use of credit cards can help you obtain needed help when immediate payment is required. Credit cards are also a great tool to use for vacation travel, when you do not want to carry around a lot of cash. They are useful in building up a good to excellent credit history and score when used properly and payments are made on time. This credit history is needed when you want to make a major installment loan for a home or vehicle. Credit cards are optional, and with careful management and timely payments, they can bring rewards of great convenience. Bad management can lead to bankruptcy. Never use credit cards for everyday expenses like food. If that occurs, it is time to find more income instead of using credit cards
What is vanquis most useful for?
Vanquis is a bank that has earned a reputation for providing credit cards to those with poor credit scores. In this way Vanquis helps people with bad credit improve their credit scores.
Is credit card useful to us?
Credit cards are especially handy for traveling internationally as it is an easy way to get the currency of the country. Various banks offer incentives to use their credit card. As long as you don't acquire too much debt, credit cards are very useful. Basically you should pay off the credit cards each month if possible. If not, only do it for emergency purchases.
What are some simple tips when dealing with debt recovery agencies?
Debt collectors are always bad news. A useful approach my be credit counseling. These services, paid for by banks, help consumers manage their debts. Never pay for credit counseling. If that is not an option, threaten bankruptcy as this wipes away all unsecured debts, but not student loans, IRS debts, or child support payments.
Where can one compare credit cards in Australia?
One can compare credit cards in Australia online. Some of the useful websites are Info Choice, Credit Card Finder, Canstar, Bankwest and Super Credit Cards.
What is the idea behind Art movement Symbolism?
to express your self and to show how useful symbolism can be
What is epuifax free credit report most useful for?
Equifax free credit report is most useful for checking a person (s) spending and payment habits by seeing how her or she does in paying their bill(s)after purchasing an item online or in retail stores.
Why are car mirrors useful?
To allow you to see behind you and each side of your car.
