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What happens if i default into pay my credit card bill?
This could damage your credit score. It will be harder for you to get credit cards or loans in the future.
Am I still allowed credit cards after bankruptcy?
Yes, it is still possible to get a credit card after bankruptcy. "Secure" credit cards require you to place a security deposit down in the event of default, but they are a good way of rebuilding your credit.
I have 4 cards one for gas one for food one for vacations and another for emergencies Ideally speaking how many credit cards should you have?
Not bad. You sure have your priorities laid out there. Most experts and credit card service companies assure us that there is no universal tab on the number of credit cards that you can own. You could carry, say, 10 credit cards and have excellent credit; or just one with terrible credit. The amount you spend and can pay off is what matters most. But a good average is between three and seven credit cards.
If a cosigner on your car loan start getting bad credit from her credit cards should it affect your credit too?
not if you make your payments like you should a cosigner is only called upon if you default on your loan
How do you rebuild your credit?
The simplest way is to pay all of your bills, on time, every month. For example, being late--even by a minute--will cause your interest rates to rise on your credit card (and, if you have universal default clauses, will make the rates on other cards rise). Second, try to use less than 30% of your available credit. In other words, say that--if you add together all of the credit limits of all your credit cards--your available credit totals $10000. Don't put more than $3000 (30% of $10000) on your credit cards. If you use too much of your available credit, it looks like you can't manage your money well. Don't make credit lenders think you're living beyond your means.
What happens if i default into pay my credit card bill?
This could damage your credit score. It will be harder for you to get credit cards or loans in the future.
Am I still allowed credit cards after bankruptcy?
Yes, it is still possible to get a credit card after bankruptcy. "Secure" credit cards require you to place a security deposit down in the event of default, but they are a good way of rebuilding your credit.
You want to buy a nexus one on pay monthly in UK can you pay this by credit card if you're not in the UK?
Yes, credit cards are universal.
I have 4 cards one for gas one for food one for vacations and another for emergencies Ideally speaking how many credit cards should you have?
Not bad. You sure have your priorities laid out there. Most experts and credit card service companies assure us that there is no universal tab on the number of credit cards that you can own. You could carry, say, 10 credit cards and have excellent credit; or just one with terrible credit. The amount you spend and can pay off is what matters most. But a good average is between three and seven credit cards.
If a cosigner on your car loan start getting bad credit from her credit cards should it affect your credit too?
not if you make your payments like you should a cosigner is only called upon if you default on your loan
What happens when you are in a nursing home and can longer pay your credit cards?
You will default on your credit card accounts. Being an unsecured loan, there is little a credit card company can do. That is a risk credit card companies take. Regardless of why you can't pay, non-payment will result in default. The extent to which a credit card company will attempt to collect depends on whether or not they feel you have sufficient income.
How do you rebuild your credit?
The simplest way is to pay all of your bills, on time, every month. For example, being late--even by a minute--will cause your interest rates to rise on your credit card (and, if you have universal default clauses, will make the rates on other cards rise). Second, try to use less than 30% of your available credit. In other words, say that--if you add together all of the credit limits of all your credit cards--your available credit totals $10000. Don't put more than $3000 (30% of $10000) on your credit cards. If you use too much of your available credit, it looks like you can't manage your money well. Don't make credit lenders think you're living beyond your means.
What credit cards does the Bank of America offer?
Bank Of America offers many different credit cards. It offers cash rewards credit cards, points rewards credit cards, travel and airline rewards credit cards, lower interest rate credit cards, and build or rebuild credit cards.
Who is charged for misusing credit cards?
People who misuse credit cards are charged for misusing credit cards.
What are airline credit cards and how are they different from regular credit cards?
Airline credit cards are credit cards issued by airlines. They have no real benefits over regular credit cards, apart from the fact that you can collect Air Miles with them.
Can student credit cards be used to repay loans?
Whether or not a you can repay loans with a credit card depnds on the policies of you debtors. You can pay some student loans with a credit card, if you are in default. However private lenders are under no obligation to accept credit card payments.
Are processing rates lower for debit cards vs credit cards?
credit cards
