The phone calls will start and eventually your phone will ring off and on from 8am until 5pm. It will feel like you are being harrassed and there is nothing you can do (short of having your phone disconnected). They will take you to collections, garnish your paychecks, your credit will be ruined and you will have a hard time financing anything for the next 10 years after a settlement. Advice: pay your credit cards or go to a credit councelor to help you figure it all out. They can take you to court, attach your wages, take back some of the stuff you bought or maybe, if you're lucky, they'll only report you to the credit bureaus. Certainly nothing incorrect with the previous answers. What happens is you inevitably pay much more than you could have, in money and time and effort -- and especially trouble....and likely, the businesses involved will make more!
Credit cards aid to build credit history in the same manner that any debt, whether it is from purchasing a car or by just paying rent. Be responsible with credit cards. You should not overspend.
Closing the account will remove the temptation to spend up the cards again but, closing the account can actually lower your credit score. You ought to take that question and your private credit information to a credit counselor for a better answer. By the way, CONGRATULATIONS on paying off the cards!
I'm just not sure what you mean. You don't buy credit cards. You buy things using them. The things you buy using them may or may not be taxable...the method of paying for them makes no difference.
The answer to that question depends on how much interest you are paying and how much interest you are earning. Almost all of the time it is better to pay off your credit cards. But if you need to borrow for something else then you need to compare interest rates before you pay offthe credit cards. But ALMOST ALL of the time paying off a credit card and not paying interest is in your best interest.
Yes you can. Paying with debit cards are just like paying with cash because the amount of your purchase is directly deducted from your bank account.
Nothing, Visa is just a brand name for credit cards. Just like MasterCard, Discover, etc.
Prepaid credit cards work exactly like the traditional unsecured credit cards. Make sure that you know what your credit limit is. Your credit limit will be what you send into them. You can use them just like a credit or debit card to get hotel rooms, gas, or whatever else you may need.
"According to the research I have just recently conducted regarding this question, I have discovered that Montgomery Credit does indeed offer credit cards."
Used properly, which means paying off the entire balance IN FULL every month, credit cards can actually help your personal credit rating and credit worthy score. Just keep a couple cards - in fact, if you have too many, that will actually do more harm than good on credit ratings. Also, don't max out the cards - EVER!! Doing that illustrates your lack of ability to control spending, which may put you at risk. Never charge more than you are capable of paying in full when the statement comes due. I do this with the two cards I have, and after a couple years doing that, my credit rating jumped up considerably.
You just need to find a good website such as the related link below, accepting international credit cards as well as domestic credit cards.
You can save hundreds and even thousands of dollars by paying just a few extra dollars each month on your credit cards. If you have a five thousand dollar credit card that is maxed out, just paying twenty or thirty dollars extra each month will have you paying it off around three years earlier. This depends on your interest rate, but it gives you an example of the money you will save. You will also raise your credit rating by having a lower balance as you pay off your credit card faster.
not a lot (dont just move to wales though) they will track you down if you come back though!