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Q: What are the negative aspect of credit card?
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When would you subtract a negative number from a negative number in real life?

credit card debt. spending money from money you dont have. credit card debt. spending money from money you dont have.


If the bank closed my credit card due to too many credit inquires appeared in my credit profile saved by the 3 credit score agencies will this appear as a negative sign on my credit report?

I'm not sure if you are asking if the bank closing will be negative or if the inquries will be. The inquires are negative.


What are opinions about Freedom Financial Credit Card?

There are negative and positive opinions about Freedom Financial Credit Card. The best way to find out about the card is to do a consumer search, and also ask people who have used the card.


What is a negative consequence of applying for a credit card when you have bad credit?

If one is to apply for a credit card with bad credit, there could be several things that could happen, starting with the individual being declined a card. If they are accepted for a credit card, they may face a huge interest rate and major penalties for late payments.


Negative aspect in this app?

Answer this question...negative aspect in this app?


Are lawsuits filed against you by credit card collection agency public knowledge?

Yes, any public court proceding is public information. Also it can appear as negative items on your credit report as bad. Credit card companies usually will kill your credit by: 1. It gets listed as a judgment - negative account 2. It gets listed as bad debt with the card's name - negative So it can be a double whammy to your credit score. Pay it off and settle the judgment. Send your settled judgment to the credit bureaus so that your credit is update as soon as possible. these items can stay with your credit for 7 years.


Does it hurt your credit if you cancel the card after it opens?

Yes, it will have a negative affect on a credit report, usually temporary perhaps 90 days.


How long does it take after paying off a credit card for it to show up on your credit report if you are going to apply for another loan?

about 30 days, but don't close the card just yet that will have a negative impact on your credit score.


What is the public opinion on Citibank?

Public opinion will ALMOST always be negative, when they are in credit card debt.


If you have a credit card with a balance and you haven't used it in a year and cancelled it would that have a negative affect on your credit rating?

Not as long as you don't default in the payments.


Can a debit card have negative money?

Yes if you refer 'negative money' to overdraft. Some new forms of debit cards have the overdraft function but cost you a fee which a credit card does not within its overdraft limit


How many points does your credit score drop after a collection?

While there's no definitive answer with respect to how many points your credit score may drop after a collection, a collection account is a clear indication that a loan, credit card or retail card was not repaid and payment history is one major contributing factor to your credit score. This can have a negative impact on your credit score.