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What does credit card negotiation mean?
Credit card negotiation is when you contact the bank and negotiate your credit card debt. This can mean negotiating a payment plan or just trying to get the overall debt reduced.
What does credit evaluation mean?
Your credit vs debt ratio is analyzed. This is the evaluation.
What does credit debt reduction mean?
Credit debt reduction refers to the process of trying to reduce someone's debt through various means, such as renegotiating debt repayments, debt forgiveness, reduced interest rates, or eliminating late fees.
Does high credit means you owe money?
I'm assuming you mean a high credit score, which is determined by 35% debt payment history, 30% debt levels, 15% length of debt, 10% new debt, and 10% type of debt. So, a high credit score can mean that you do owe money and have a good history of paying it on time, but it can still be high even if you recently eliminated all your debt.
What does it mean you are qualified for a credit card?
It means a credit card company wants to put you into debt by giving you a credit card you can use.
Who pays credit card debt if you die?
The debt will be paid from your estate. If there isn't enough, then the debt is discharged. The debt itself will not pass on to next of kin but a sizable debt might mean none of the deceased's estate does either.
What does insufficient debt experience mean?
In short it means that you have one or both of the following problems: 1.) You haven't paid off enough debt in a timely manner for a company to trust you to pay back any debt you may incur or 2.) You haven't established credit. The easiest way to establish credit is to get a credit card and and pay back the debt when its due on the credit card statement is due not in bulk.
Can a high credit card balance prevent you from getting a mortgage?
Your debt is always taken into account. If your income can handle the credit debt and the mortgage there should be no problem. High credit card balances do not mean bad credit. Late or no payments make bad credit. Your better off with a high balance on a credit card that you pay regularly than no credit at all.
Who to get a debt consolidation load from?
If you mean where to get debt consolidation loan, you may seek assistance from any reputable credit card debts consolidation services agency. They can provide you with options that suits your debt situation.
Can a Debt Collector Threaten to ruin your credit?
Technically, you have already ruined it. They are just going to report it. If that is what you mean by threaten to ruin your credit, then yes they can. Legally.
What does it mean when you have no credit?
That your an efficient person that lives within their means! and has no debt. That's great! Credit card companies are dropping like flies anyway!
What does aboilsh mean?
Abolish means to destroy or obliterate. In credit reports, it can refer to when your debt is abolished or erased.
