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If your credit is good enough you can apply for a signature loan or "consolidation" loan at your bank to pay off the credit card and just make the loan payment. That is what I did with all my credit cards. If your crfedit is not in that good of shape then you can try a debtr consolidation company like Consumer Credit Counseling or you can try a Debt Negotiating company. The difference between the two are that with a consolidation company, you send them so much money and they split it between the creditors. With debt negotiation...you put money in a savings account and when you accumulate so much money the company will negotiate with your creditors to get them to except less than what you really owe.
What else can I help you with?
What are the minimum payments on a credit card?
Depends on how much you owe. The more you owe, the more the minimum payment.
Why is it unwise to pay minimum payments on your credit card?
It is unwise to pay minimum payments due on credit cards because the payment will cover only a small portion of the principal amount and more on interest and financial charges.
How can I make payments on a credit card?
To make payments on a credit card, you can typically do so online through the credit card company's website, through a mobile app, by phone, by mail, or in person at a bank branch. You can choose to pay the full balance or a minimum amount due each month. It's important to make payments on time to avoid late fees and interest charges.
Why not make minimum payments on credit cards?
You pay longer & more interest overall.
What can you do about a mortgage company that does not report your on-time payments?
Call the mortgage company and ask why the payments are not being reported (its illegal to NOT report payments) Further, you can call the credit bureaus, and they will request the information from the mortgage company. Realize, that in some instances credit reporting can be suspended.
How do you get into credit card debt?
By using them & only making the minimum payments.
What are the minimum payments on a credit card?
Depends on how much you owe. The more you owe, the more the minimum payment.
Why is it unwise to pay minimum payments on your credit card?
It is unwise to pay minimum payments due on credit cards because the payment will cover only a small portion of the principal amount and more on interest and financial charges.
How can I make payments on a credit card?
To make payments on a credit card, you can typically do so online through the credit card company's website, through a mobile app, by phone, by mail, or in person at a bank branch. You can choose to pay the full balance or a minimum amount due each month. It's important to make payments on time to avoid late fees and interest charges.
Credit Card Minimum Payment Calculator?
A Credit Card Minimum Payment Calculator shows how long it’ll take to pay off your balance and how much interest you’ll pay if you only make minimum payments. check your credit card scores at PFScores
Why not make minimum payments on credit cards?
You pay longer & more interest overall.
What can you do about a mortgage company that does not report your on-time payments?
Call the mortgage company and ask why the payments are not being reported (its illegal to NOT report payments) Further, you can call the credit bureaus, and they will request the information from the mortgage company. Realize, that in some instances credit reporting can be suspended.
can a credit card company like capitol one who forward account to legal dept in state of california take garnish payments out unemployment if nothing can be resolve out of court?
You should not avoid paying the minimum due in your credit card account. The credit card company does not care if you lost your job. What you need to do is to speak with a credit consolidation agency in your area. Ask around about their reputation. The credit consolidation company will make a deal with your credit card company.
How do you make payments on a credit card?
To make payments on a credit card, you can typically do so online through the credit card company's website, through a mobile app, by mail, or by phone. You can also set up automatic payments to ensure you never miss a payment. It's important to pay at least the minimum amount due by the due date to avoid late fees and interest charges.
Can you close your credit card account and continue to make payments?
No, what usaully takes place is that the credit card company freeze your credit card account and you continue to make payments
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.
What happens if you only pay partial payments on your credit card payments?
You MUST make the minimum payments or the company will come after you. If you just make the minimum payments you will eventually clear the debt but the rate of interest on credit cards is very high. If you are having trouble financially the first thing to do is to stop using a credit card (cut it up) then if you can not afford the minimum payments go and seek help from a third party (in the UK a free advice centre) - they will help you with your debt problems and will be able to get the interest on your card debt stopped - (you will still have to make small payments to pay off the debt but if you meet these the debt will no longer grow). Also some debts are more 'important' than others - your taxes, mortgage, rent etc. A credit card is an unsecured debt and you will not be sent to prison for it or thrown out of your home. Get Help!!
