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What can't they do to you if you are unemployed with credit cards and no payments on a loan in four months?
Wiki User
∙ 15y ago
Your rights as a consumer Your Debts and Debt Collectors You are responsible for your debts. If you fall behind in paying your creditors, or if an error is made on your account, you may be contacted by a
Wiki User
∙ 15y ago
Wiki User
∙ 15y agoYour rights as a consumer Your Debts and Debt Collectors You are responsible for your debts. If you fall behind in paying your creditors, or if an error is made on your account, you may be contacted by a “debt collector.†A debt collector is any person, other than the creditor, who regularly collects debts owed to others, including lawyers who collect debts on a regular basis. You have the right to be treated fairly by debt collectors. The Fair Debt Collection Practices Act (FDCPA) applies to personal, family, and household debts. This includes money you owe for the purchase of a car, for medical care, or for charge accounts. The FDCPA prohibits debt collectors from engaging in unfair, deceptive, or abusive practices while collecting these debts. Under the Fair Debt Collection Practices Act: * Debt collectors may contact you only between 8 a.m. and 9 p.m. * Debt collectors may not contact you at work if they know your employer disapproves. * Debt collectors may not harass, oppress, or abuse you. * Debt collectors may not lie when collecting debts, such as falsely implying that you have committed a crime. * Debt collectors must identify themselves to you on the phone. * Debt collectors must stop contacting you if you ask them to do so in writing. For details, see Fair Debt Collection at ftc.gov/credit.
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Do London cabs accept credit cards?
Yes if you are booking them online or by call they do accept payments by credit cards.
Should you make payments on some credit cards if you cannot on all cards?
yes.
How do you esablish credit?
Start off first by getting a Sears, Target, Circuit City or similar in-store credit card. After making purchases and payments on that for six months, you should become eligible for small limit credit cards. Keep making purchases and payments on all credit and shortly you will have established a ground credit. DO NOT GO OVER LIMITS, MISS PAYMENTS, OR INQUIRE INTO TOO MANY CREDIT ACCOUNTS.
What does no payments no interest mean?
As far as credit cards/credit accounts, you will not have to make any payments and no interest will be added till said date.
Does Bank of America take credit cards for mortgage payments?
Yes.
What benefits are offered by the balance credit cards?
Balance credit cards are those that allow the holder to transfer balances (debt) from other credit cards to this one. Since these credit cards usually come with a promotion that includes several months of no interest payments, they can be used to consolidate and pay off other credit card balances. The balances must be paid during the promotional period for this to be of benefit. Managing and paying off debt this way, saves money and improves one's credit score. These are the benefits of balance credit cards.
What companies offer interest-free credit cards?
Here is a site that talks about interest free for 18 months credit cards www.moneysavingexpert.com Cards , Here is a site that talks about credit cards www.moneysupermarket.com/credit-cards
How do you improve your credit score if creditors deny your application for a card?
Wait for min of 6 months before applying. Do not make any late payments on other credit cards. Pay more than minimum on other cards to show that you are doing best. Try to minimize inquires on your credit report.
What influences your credit score?
How many accounts you have open (including car loans, school loans and obviously credit cards). Also the high balances on your accounts, late payments and outstanding payments sent over to creditors. If you apply for cards many times in a small period of time (within weeks or months) your credit score may also be affected, whether they accept or decline your request.Hope this helps!
How many credit cards should you have to build credit?
Number of credit cards do not matter, what matters is your payments. As long as you pay in full every month and don't go over 30% on your credit cards you should see maximum results..
What is an abstract noun for credit cards?
The noun credit meaning a state of indebtedness through temporary borrowing, is an abstract noun. Credit cards (concrete noun) are used to make deferred payments.
Why not make minimum payments on credit cards?
You pay longer & more interest overall.
