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What happens when you can pay your regular monthly payments but not your credit card debt?
Wiki User
∙ 16y ago
If you pay what your suppose to every month regardless of debt your credit stays in good standing and increases however your still in debt.
Wiki User
∙ 16y ago
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What is it called when you pay off your credit cards monthly?
If you are referring to the monthly payments you make for a certain period in connection to a credit card loan, it is called monthly amortization.
Types of credit?
There are four basic types of credit. Service credit is monthly payments for utilities, loans let you borrow cash, installment credit, and credit cards.
What are credit line payments?
Credit Line payments are payments that you make monthly on a line of credit that you have with your local bank. Many line of credits are based on the equity in your home, but they usually charge much lower rates than a traditional bank loan.
How can one lower credit cards monthly payments?
The best way to lower one's monthly credit card payments is calling the card issuer and explaining why one wishes to lower the rate. Depending on the creditor they may extend the due date.
Why if I am paying monthly payments on medical bills are they on my credit report?
If the bills were overdue and you are making payments as the result of being 'dunned,' and the bills are not yet paid in full, it will reflect on your credit report.
Where do you mail your DISCOVER credit card payment?
There should be an address to mail payments to - on the reverse of your monthly statement.
Is opening up a bank account a good way of establishing credit?
Simply opening a bank account won't improve your credit, however if you take out a loan, and make payments on time, or if you have a credit card with them and make monthly payments on time that will help build your credit.
How do you raise your credit score after bankruptcy?
When looking to rebuild credit score after a bankruptcy, there are many different options you can consider. One of the best ways is to show responsibility in using a prepaid credit card. This way you will be able to show that you can make regular payments to cover the things you will need to purchase on a monthly basis.
Does paying off your car help your credit score?
To pay off debt yes, to make monthly payments no.
What is Bad Credit Remortgage?
Bad credit remortgages can be used to stop monthly payments of a high interest or inflexible mortgage, which is a sweet deal for any adverse credit holder.
Do cell phones show on your credit right away after you sign the contract?
No. Cell phone companies do not report monthly payments to the credit bureau. They only check your credit for worthiness.
What company has the lowest interest credit cards?
Interest fees vary depending on the credit card company. Most companies apply interest based on your credit score and credit history. To obtain a lower interest rate, increase your monthly payments or make payments more frequently. The more payments you make the lower your interest will be.
