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What else can I help you with?
Should you pay off a credit card balance that has been charged off?
Yes. You're still responsible for any outstanding balance, even if an account is charged off. What has been known to happen is that the balance will keep getting sold to collectors, and you end up being harrassed.
Will removing an authorized account that has a high balance raise the fico score of the authorized user?
It depends. Does the high balance put the consumer into a position of too much credit? Does this single high balance cause the consumer to have outstanding $100,000 in credit card debt? Or does the amount merely allow for the consumer to show that they can be responsible with making regular payments (with this account being the only debt owed.)
Can a credit card company raise your APR because you have too much outstanding debt?
They are probably raising it because your credit score is lower due the outstanding debt. This being said, a credit card company can pretty much raise your rate anytime they like just as they can lower it when your credit improves. I would simply close the account and pay it off. Usually when your credit card's rates go up, you have an option of accepting the rate or closing the account and keeping the lower rate on the balance previously accumalated.
If you live in Washington and you have 7 credit cards and approximately a 70000 total balance on all of them what are the chances of your wages being garnished if you do not pay?
One-hundred percent chance you will have your wages garnished.
When do interest charges stop with an outstanding bill that has gone to collection?
Depends on the credit agreement, but generally interest does not have to stop being calculated.
What does it mean to revolve your balance on a credit card?
Revolving your balance on a credit card means carrying over a portion of your debt from one month to the next, rather than paying it off in full. This can result in interest charges being added to the balance.
What is the chance of being sued for a outstanding credit card balance under 700 that he credit card company has already charged off?
Who would sue you? If it is charged off the CC's have given up because it is not worth their time or money. but it could be sold to some collection crooks that will tell you that they will come after you. If it was wrote off they can't legally collect it, but they are known to LIE and if you make any kind of payment you could again start the whole thing over. Chances are the statues of limitation have run out and then it is noncollectable by any one unless you pay on it.
What is the function of a credit card company?
A credit card company act as a 'liaison' between the customer and the business. The customer presents their credit card to the retailer - and the card company pays the retailer for the goods the customer has purchased. The card company charges the customer interest each month on the outstanding balance - in payment for the convenience of being able to make (often expensive) purchases, without having to h=cary large amount of cash.
How will an eviction effect credit score?
An eviction can negatively impact your credit score if it results in unpaid debts being sent to collections. This can stay on your credit report for up to seven years. It's important to try to resolve any outstanding debts related to the eviction to minimize the impact on your credit score.
How does a visa credit card work?
A Visa credit card works by allowing a customer time to pay the balance owed when making purchases. The credit card is swiped or entered into a machine, and the user has about 30 days to pay for merchandise to the issuing card company without being charged interest. If the balance is not paid in that time, the user is charged interest on the remaining balance.
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.
i have not receved my property taxes for 2008 and im concern of being pentelized ?
Check with your local County Clerk, they should be able to tell you if there is an outstanding balance and what penalties would be assessed.
