There are 2 ways to do this on your own:
# Pay substantially more than the minimum payment each month for several months, and then request a lower rate. # Some card issuers will automatically reduce your interest rate slightly if your credit score improves substantially or if you aggressively repay the balance on that credit card.
Roll-Down Your Credit Card Debt!The Credit Card Roll-down Calculator applies two simple principles to paying off your credit card debt.Payoff your highest interest rate first.When a card balance is paid in full, apply its monthly payment to the card with the next highest interest rate.To see how this can be applied to your credit card debt, enter your credit card balances and an additional Roll-down amount. The calculator will then apply your additional monthly payment to the credit card with the highest rate. When that credit card is paid in full, the card with the next highest rate will be paid down. This continues until you have rolled through all of your credit cards and your debt is paid in full. Click the "View Report" button for a detailed look at the results.
You should swipe a credit card with the magnetic stripe facing down and towards the card reader.
Start with a department store card. If you can't get that start with a "secured" credit card. It will build credit and allow you to apply for a regular credit card down the road.
Generally, no, your credit score will not be reduced if a credit card that you own is not being used. You don't, however, want to cancel the card - cancelling a credit card (whether voluntary or forced by the issuer) does reduce your credit score.
The fastest way to pay down a credit card is to pay exactly what you borrowed on that credit card. If you borrowed 398.00, pay back 398.00 because the interest on the money you borrowed will not be that high.
Roll-Down Your Credit Card Debt!The Credit Card Roll-down Calculator applies two simple principles to paying off your credit card debt.Payoff your highest interest rate first.When a card balance is paid in full, apply its monthly payment to the card with the next highest interest rate.To see how this can be applied to your credit card debt, enter your credit card balances and an additional Roll-down amount. The calculator will then apply your additional monthly payment to the credit card with the highest rate. When that credit card is paid in full, the card with the next highest rate will be paid down. This continues until you have rolled through all of your credit cards and your debt is paid in full. Click the "View Report" button for a detailed look at the results.
You should swipe a credit card with the magnetic stripe facing down and towards the card reader.
Start with a department store card. If you can't get that start with a "secured" credit card. It will build credit and allow you to apply for a regular credit card down the road.
Generally, no, your credit score will not be reduced if a credit card that you own is not being used. You don't, however, want to cancel the card - cancelling a credit card (whether voluntary or forced by the issuer) does reduce your credit score.
The fastest way to pay down a credit card is to pay exactly what you borrowed on that credit card. If you borrowed 398.00, pay back 398.00 because the interest on the money you borrowed will not be that high.
The danger of taking out a loan to pay down credit card debt is that one may then be inclined to borrow more on the credit card. However, if the loan is at a lower interest rate than that on the credit card debt, and more debt is not incurred, it would be a good idea.
It is possible to get a credit card with bad credit, even if you have previously been turned down. Choose a credit card company that allows you the option of securing your own credit card, meaning that you essentially put your own cash into a special account first. You then get your credit card and use your own money as credit. The more money that you can deposit, the more you can charge. This type of secured credit option allows you to build up your credit again, while allowing you the freedom and convenience of a credit card.
Actually, it does. It uses the available credit you have so when that goes down the credit score does too.
"American Express has not died down in the credit card market. They have become more flexible in their credir card offers, especially repayment schedules during our current recession."
i just want an answer
In most cases, you cannot use a credit card to pay the down payment on a house. Lenders typically require a down payment to be paid with funds that can be verified, such as savings or a check. Using a credit card for a down payment may be seen as a risk by lenders and could impact your ability to secure a mortgage.
To swipe a credit card in a machine, you insert the card with the magnetic stripe facing down and towards the card reader. Swipe the card smoothly and steadily through the slot in the direction indicated on the machine.