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Can you apply for another credit card if you already have one?
yes you can i have done it recently to do a balance transfer and i still use both credit cards yes you can i have done it recently to do a balance transfer and i still use both credit cards
If i do a balance transfer from one credit card to another will the first credit card be cancel?
No... It will simply have a zero balance owing. The card will still be active - until you cancel it yourself.
If you close your account with a balance will this hurt your credit or your credit score?
To successfully close an account, you must first have a zero balance on said account. Otherwise, you will still receive bills on that balance, which can and probably will accrue late charges.
If you file bankruptcy but still have some credit cards with a zero balance on them will you still be able to keep them or will they automatically be closed?
If you have credit accounts in good standing then do not include them in your bankruptcy.
What is the difference between the statement balance and the remaining statement balance on a credit card?
The statement balance is the total amount you owe on your credit card at the end of the billing cycle, while the remaining statement balance is the amount you still need to pay after making a partial payment.
Can you apply for another credit card if you already have one?
yes you can i have done it recently to do a balance transfer and i still use both credit cards yes you can i have done it recently to do a balance transfer and i still use both credit cards
If i do a balance transfer from one credit card to another will the first credit card be cancel?
No... It will simply have a zero balance owing. The card will still be active - until you cancel it yourself.
If you close your account with a balance will this hurt your credit or your credit score?
To successfully close an account, you must first have a zero balance on said account. Otherwise, you will still receive bills on that balance, which can and probably will accrue late charges.
If you file bankruptcy but still have some credit cards with a zero balance on them will you still be able to keep them or will they automatically be closed?
If you have credit accounts in good standing then do not include them in your bankruptcy.
What is the amount of money you still owe to their credit card company called A?
The amount of money you still owe to the credit card company is called your "credit card balance." This balance reflects any outstanding charges, including purchases, interest, and fees, that have not yet been paid off. It's important to manage this balance to avoid high interest charges and potential damage to your credit score.
What is the difference between the statement balance and the remaining statement balance on a credit card?
The statement balance is the total amount you owe on your credit card at the end of the billing cycle, while the remaining statement balance is the amount you still need to pay after making a partial payment.
How do credit entries appear on your credit report after a chapter 7 is discharged and do they disappear from the report or show as 0 balance and indicate their inclusion in a bankruptcy?
The still stay on your credit report the normal length of time for negative credit entries (7 years). After the discharge, they might still show a balance but should also make not of being included in the bankruptcy.
What does available credit mean from your bank?
Available credit refers to the amount of credit that you can still use on your credit card or line of credit. It is calculated by subtracting your current balance and any pending transactions from your total credit limit. For example, if your credit limit is $5,000 and you have a balance of $1,000, your available credit would be $4,000. This figure is important for managing your spending and ensuring you don't exceed your credit limit.
Do you have to send all three credit bureaus letters to clear a paid debt?
No, you only have to send a letter to the credit bureaus that still show a balance. You can dispute the balance and let the bureaus do the work instead of writing a letter.
If you pay off an enormous credit debt within a year will it be completely off your credit report once it is paid off?
Every credit company and lender is required to repost to the credit bureaus monthly so it will show a zero balance within a month of paying it off but it will not be completely off you credit report. It will still show the company and original balance of the loan but it will show that the balance is at zero and when it was paid off.
Can you close a credit card account if there's a balance on that account?
You can, but you'll still have to pay the balance monthly until it's paid off. Incidentally, if you're closing an account to help your credit, research shows that closing accounts in good standing can often ding your credit.
If you allow a car you cosigned for to be repossessed then pay off the balance after it is auctioned will it still affect your credit?
IF you can pay it off AFTER it is sold, it will still show as a repo on your credit. BUT if you can payoff then, pay it off NOW and you get to keep the CAR.
