I'm strugling to keep up with payments on my credit card because of the high interest rate, what can I do?
Answers: It depends on when you took the card out, if it was before March 2006 then your answer is an easy one. Go to Credit Clear Services who offer a completely legal service which actually wipes out credit card debt on the basis that agreements issued prior to the ammended consumer credit act of 2006 means all credit card agreements are not legally binding and therfore not valid. CCS provide a full clearance service. If however your card was taken out after 2006 you should simply negotiate with your card company, most will accept affordable payment terms.
Change to a 0% for 12 months etc deal.
Check out:
http://www.moneysavingexpert.com/
Increase income,
Decrease spending and use any savings / extra cash to pay off debts
Review all your costs re electric, gas, phone, insurance etc are you on the best deal.
Tell the credit card providers immediately. You may be able to negotiate something. They actually don't want you to go broke.
If you just leave it and default they will have you!
You can switch to another card. But if you do, then no more spend until you have paid off the outstanding balance.
Check out the links below and good luck :
What You Should Know About Switching Credit Cards
In fact switching credit cards has become as common as changing the battery in
the fire alarm for some people and it has actually worked. ...
http://www.creditorweb.com/articles/what... - Cached
Switch Card Services - Credit Card with reviews and price ...
Switch Card Services with consumer reviews and price comparison at dooyoo.co.uk.
http://www.dooyoo.co.uk/credit-card/swit... - Cached
Lowering Credit Card Debt - Switching Credit Cards - Personal ...
Lowering credit card debt is a noble objective for all of us. Maybe you need to
switch credit cards? Finding a new credit card is a good move if your old ...
http://www.thinkglink.com/Lowering_Credi...
Well the first thing to do is ask for a lower instrest rate if that doesn't work then I suggest you transfer all your cards to a lower rate card.
Or you can pay mininum payments which is much lower than what you are paying now I did the same thing to control my maxium payout for 6 months that way you are able to build a reserve for that amount of time, which will allow you to controll all factors of your debt. it will take a little longer to pay off the debts but you will have a breather.
Need more answers get back to me.
Or visit at http://jasmarq.tripod.com
click on credit card Banners there are two of them.
James
Call them see if they can lower your interest rate
all you have to do is call them if you have been paying on time they will work with you use your power
if they say no tell them you'll take your business some where else
Is a Prepaid credit card still considered a principal credit card?
I'm fixing to start traveling out of town alot for my job and they are issuing prepaid credit cards near our names on them (so they look of late like a credit card) for our spending throughout the trip on rooms, food, etc. Are these cards still considered trunk credit cards? Will I be able to book rooms next to these?Answers: You should have no problem using them to label a room reservation with a prepaid card. Consider it a "chief credit card" when asked for one by the hotel, car rental, etc.
yes you can use them any where on earth along as there is money within the account you enjoy to deposit money in the reason first
only unpromising thing almost pre paid cards is they dont report to credit agencys unless it s a secured card than they report so you can build credit and thats defining
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Does having a company credit card improve or hurt your credit score?
Answers: Every time you apply for a new credit card, it is a "hit" on your credit bureau. However, for a credit card, the hit is not very substantial. It's when you apply for a whole crapload of cards that it hurts your credit.
If the company credit card is automatically approved without a credit check, then it wont affect it at all. But again, even if it does it's so minor.
As you make payments on time, it will actually improve your beacon score. 0-30 days late is a minor but important boo boo. over 30 days late is where you credit takes a bad punch.
It will improve your credit score as long as you make you payments on time every month and keep the balance of you card lower than 33% of your credit line! That is important!
Sorry-Did realize you said, "Company" credit card. Some report and some don't.
it doesnt matter as long as you pay on time and your not late your fico score will go up..