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You may do that in case of credit card consolidation wherein your credit card debts are consolidated into one credit card. However, if you can still negotiate to lower your interest rate and monthly payments; it is still better to pay off your debt with cash and not consolidation.

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13y ago

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What are the best ways to rebuild your credit rating?

In order to repair bad credit one should first of all obtain a credit card. The way that you use this credit card will help to illustrate your trustworthiness and help increase your credit rating. You should not send in multiple applications for credit cards and should not use cards which advertise their willingness to accept those with bad credit.


How can you get a credit card with bad credit?

First thing that you have to do is to repair your credit card history. Look for the things that can be fixed. Next thing is to review your current status. There are certain qualifications that credit card companies are requiring for people to have a bad credit card history to have a new credit card.


If you close out some of your credit card accounts and continue to pay them off will that increase your credit score?

You should not close a credit card if you are still paying on it. It will bring your credit score down. Close it when you are done paying. I know this because my mom owns her own credit repair/management business and she tells me what to do with my credit cards.


When should you report your stolen credit card to the credit card company?

You should report your stolen credit card to the credit card company as soon as you realize it is missing or stolen. This will help prevent unauthorized charges and protect your finances.


Which way should you swipe a credit card?

You should swipe a credit card with the magnetic stripe facing down and towards the card reader.

Related Questions

What is exactly?

The "Aqua Credit Card" is a credit card that helps repair bad credit. It is often used for people who obtain a poor credit score.


What are the best ways to rebuild your credit rating?

In order to repair bad credit one should first of all obtain a credit card. The way that you use this credit card will help to illustrate your trustworthiness and help increase your credit rating. You should not send in multiple applications for credit cards and should not use cards which advertise their willingness to accept those with bad credit.


How can you get a credit card with bad credit?

First thing that you have to do is to repair your credit card history. Look for the things that can be fixed. Next thing is to review your current status. There are certain qualifications that credit card companies are requiring for people to have a bad credit card history to have a new credit card.


What exactly is the?

The "Aqua Credit Card" is a credit card that helps repair bad credit. It is often used for people who obtain a poor credit score.


Who should you call if a credit card company listed you as deceased on your credit report?

You should call the credit card company.


If you close out some of your credit card accounts and continue to pay them off will that increase your credit score?

You should not close a credit card if you are still paying on it. It will bring your credit score down. Close it when you are done paying. I know this because my mom owns her own credit repair/management business and she tells me what to do with my credit cards.


What should be your first credit card?

American Express. Beastly Credit Card.


Why was I denied when applying for a credit card?

You may have insufficient credit. Not everyone is denied due to poor credit. You should receive a letter of rejection from the card you applied to stating why you were rejected. If you have not received this, it is within your rights to call the company and ask them to either send the letter or state why you were rejected. Once you know the reason you should review your credit report for errors. You can opt to apply to a department store credit card to help build credit. If you are denied that, you may choose a secured (down payment) credit card to help build or repair credit.


After scanning a customer's credit card the machine tells you to confiscate the card What should you do with the customers credit card?

After scanning a customer's credit card, the machine tells you to confiscate the card. What should you do with the customer's credit card?Call the bank that issued it immediately. The telephone number is on the back of the card.


When should you report your stolen credit card to the credit card company?

You should report your stolen credit card to the credit card company as soon as you realize it is missing or stolen. This will help prevent unauthorized charges and protect your finances.


Which way should you swipe a credit card?

You should swipe a credit card with the magnetic stripe facing down and towards the card reader.


What should I do if my credit card has my name spelled wrong on it?

If your credit card has your name spelled wrong, you should contact your credit card issuer immediately to request a replacement card with the correct spelling of your name.