Credit Questions and Answers

What is the correct credit card for me?


Question:
I am in the process of looking for a credit card. I own never had a credit card. I am 18 years feeble and I plan on going to a community college. I will still be living at home. I just started my first charge. I do have a reserves and a checking account at my local ridge. What would be considered a good card for me to bring back?

Answers:
As the name suggests, a student credit card is specially designed for students and is vastly different from your regular credit card. Because it may be the first time for college students to apply for a credit card, most credit card companies designed their student credit cards to be a form of secured credit cards.

It will help a student to avoid accumulate high amounts of debt because of thoughtless spending. If you need groceries, or that recommended book but you don't hold the money for it, then it may be time for you to use your student credit card. It is apt if you start learning angelic financial habits from your student existence itself. Don't use the card to pay for everything and anything. Use it judicially or it will stop you in a debt to repay after the college finishes. apply online for a best student credit card at: http://www.credit-card-gallery.com/stude...
I would consider a student card where on earth the interest rates are lower. My profile under credit have more info on all types of credit cards that might relieve you.
A card that gives you money pay for. I suggest the Chase Freedom Card if you are going to pay stale your charges in full respectively month. If you can't do that, then bring a card with a low interest rate.
If you don't hold a credit it will be difficult for you to get a credit card. Try first the hill were you enjoy your checking and saving story. And you can start with gas stations,
or some department stores. Good Luck!
American Blue Express Credit Card: One drive that many populace shy away from getting credit cards is due to the annual fees necessary for the maintain the credit cards. But for a person who does not want to wages the annual credit card fees should go for the American Blue Express credit card.

Apart from no annual allowance feature of the American Blue Express it also give cash returns on specific purchases. Users of the American Blue Express also savour protection against fraud for online credit card transactions. This card tries to right the various wrong notions in the order of the American Express credit cards, one of which is that it is a credit card only for rich or those who hold money to keep a credit card.
Here's what your strategy should be:
1. Get a student credit card that offer rewards
2. Funnel most/all of your normal spending through it
3. Always pay cheque your monthly balance contained by full each month

That route you will:
1. Build your credit
2. Avoid interest and fees
3. Earn rewards!

If you plan to do that, then the individual remaining question is: Which student rewards card will retribution you the most for your normal spending?

This rewards calculator can describe you that:
http://www.creditcardtuneup.com/?card_ty...

The Citi mtvU card is quite apt. (In fact, I craving I could get it for the 5% at restaurants, movie theaters, etc.!) However, see which card works out to be the best for your spending profile.
Get a student card - they tender 0 annual fees, cashback bonuses, and are good for building credit if you are responsible and take-home pay bills on time. Here's a review written by college students, for college students on student cards, from research and experience:

http://collegesoup.net/financials/studen...

hope you find it adjectives


How do I go and get out of an Auto Loan?


Question:
I have a loan near my ex. She is hounding me to get her sour it. I can't refinance without a co-signor and not a soul will help. I can't put up for sale it because I need a saloon and can't pay the difference. Any auto salesmen out near who can give me some direction? Pretty much any option next to me selling, paying, getting another loan, etc... is not an option. Will any dealer take it and trade it towards a different saloon. I found it's worth $6500 KBB for private sale($7500 at most) but would get up to $9500 at a contractor. I owe $8500.

Answers:
Auto finance is what I do for a living and I agree next to Answerman except you are more like $3,000.00 to $3,500.00 upside down.

Tell you ex to pound sand.
deal in the car and buy a bike - stir green !
If its worth $7500 for private sale, you're sure not going to obtain $9500 from a dealer . . .
You and She are what is call UPSIDE DOWN on this loan.

If the car is worth $6500 and you guys owe $8500, you own negative equity of $2000.

Ignore your EX WIFE.

She signed the loan papers, and she is ON it until it is rewarded OFF or until you refinance.

What is she going to do if you don't get her sour the loan, Divorce You?

The fact is, the TWO of you owe $2000 more than the saloon is worth.

If you sold it, SHE should be liable for HALF of the difference, unless it was tabled differently in the rule.

The car is worth more to you than to anyone else, so you might as capably keep paying on it unless you can not afford it.

Even if you traded at a hawker, you would still need a strange loan and you are going to have duplicate problem getting a new loan short a co signer that you are having trying to aget a spanking new loan on the old vehicle.

Next time your Ex brings it up, ask her SERIOUSLY what she WANTS you to do specifficly.
She will have no better philosophy. Then she will understand the problem.
As long as you are making the payments she have no grounds to force you to refinance the loan. She signed for it and it is 50% her responsibility too. Who told you that you need a co-signer? I would investigate refinancing a bit more. If you've established a wearing clothes payment history near the vehicle then some edge will refinance you. The reason she is probably asking is that it affects her debt to income ratio because the motor is a debt showing on her credit report. When going for another loan the bank will clutch her debt load into consideration.

If you must shift the route of selling it then you will own to roll the negative equity into the topical car which you will have need of another loan for. If you need a co-signer to refinance your exisiting auto, later you certainly inevitability one to get a loan for a unknown vehicle purchase.

Just keep the motor you have. Try to receive a few extra payments over the next year so you won't be upside down and look into refinancing more.
you involve to sell if past its sell-by date
Your "ex" is trying to hound you for the end result, when she should be trying to backing you improve your FICO rack up so you can get the auto loan on your own.

The apology you need a co-signor is because you are too much of a credit risk base on your past transfer of funds history with other creditors. The nouns companies refuse to steal a business risk on a loan with you exclusively unless somebody somewhere will agree to settle up on the loan in casing you don't.

Further, you are UPSIDE down on your auto-loan. You owe $8,500 on a car specifically worth $6,500 and this probably is the result of a higher than usual interest rate on the vehicle loan as well as possibly paying too much for the saloon at the time of purchase.

Anyways, you should tell your "ex" that this is classic example of why she shouldn't co-sign other people's loans because after the love is gone -- the loan payments are still due.

And the co-signor is imagined to have equal impaired credit that he/she have when you first met them.


Credit checking?


Question:
is it legal for a commission you are interviewing at to do a credit check on you? can they use that in their outcome on hiring you?

Answers:
Yes they can, and more so it's about your your RELIABILITY than employability. If you can't repay your bills on time, why should they trust you to be a part of the pack of their organization.
no they can do it and i am sure if they do it after it weights on there finding to hire you
As long as you have authorized them to do so it is officially recognized. It can be used to determine your employability.
No it is not illegal for a company to run a credit check on you. Most of them do it minus telling you first. They enjoy your SS number so it is real comfortable. Yes it could affect whether you get the position or not. They won't tell you that member though. They figure if your credit is doomed to failure then your a fruitless risk to hire and vice versa if it's good. Anymore companies can win away with nearly anything just similar to our government.
No it is not unauthorized, many places us this to see how reliable you are and if your a risk for larceny. They can use this to base thier decision on.
It has become fundamentally common, as it is a black and white approach to determine someones ethics. Also, any lawsuits you be involved in show up in that, they can see if you have a obsession of sueing your employer.
As long as you gave them concurrence to so. They will base your chalk up off your responsibility.


Anyone own horizon gold ingots credit card? What do you judge more or less it?


Question:


Answers:
i have Horizon Gold Credit Card. it is:
* Guaranteed Approval!
* Bad Credit Accepted!
* No Employment Check!
* Reports to Major Bureau!
Apply online at: http://www.credit-card-gallery.com/guara...
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Search on G00GLE etc...There are lot of culture feedback on these cards available.


I'm self sued for $4000 credit card debt. How much to settle for?


Question:
Most people articulate to try to settle b4 the court date. How much will I need?

Any other suggestions?

Answers:
You should contact the credit card company and tender to pay them. They are going to want the full amount, but unless you are rich you are not going to be capable of. Try negotiating a sum plan with them. This could liberate you a lot more because if it go to court you may be responsible for all the attorney fees and court cost. You can receive some good tips from http://www.your-credit-solution.com... .
It really depends upon how barmy they are. For the most part, they only want to get it settled, so you won't completion up paying the full price. But beyond that it's variable.
You stipulation to be kicked in the butt for running up a bill that you can't afford to reimburse... How responsible is that?... You'll "settle" for less than you owe (kinda pathetic) and the credit card company will make higher their rates to make the responsible folks earnings for your stupidity...

How's THAT for a suggestion?... I have lots more if you entail any...

Hope this helped and Good Luck! (you'll involve it)...
Without knowing your exact situation i would say dance for somewhere between $600 and $800. Credit card companies do not like dealing beside the whole decriminalized system and will gladly settle. $4000 dollars to them is pennies.
If they enjoy actually file suit against you, then the time to settle for a huge discount have pretty much gone out the window. They will still settle but it will be for close to the actual amount, how close really depends on the creditor. They are going to want the money since the court date. Because you have not remunerated up until now, they are not going to build payment arrangements and embezzle a chance you stop paying again.

The other entity you have to verify is if the debt is outside of the statute of limitations. Depending on your state this is anywhere from 2-6 years from the date of the concluding delinquency. So if you have not made any payments or signed any agreement to earnings and are outside of this time you are legally no longer required to take-home pay. You would have to request that they provide you proof of the date of delinquency is inside the SOL. If they can't provide that the suit can be thown out.
well i dont know more or less u being kicked contained by the butt. i was contained by the same situation. (owing) my ex husband charged a large amount to a joint credit card since things were finalized and they come back on me. the will usually generate u an offer freshly over half. hope that help
call them and see
if you enjoy been served you wouldn't be capable of settle at all.
What make you think you can settle for anything smaller number than what you owe ?

If the amount owed is $4000, be prepared to have that much handy when you start conversation settlement. Anything you get to wage LESS than that is considered a contribution.
is part of that amount for interest and fees? I would contribute the original amount owed for purchases. They will usually settle for that.and you are paying what you lawfully owe.
No guarantee they will settle for less since a court date have already been set. You could try contacting them to see. They may possibly settle for around $3000 and if you don't own it in full consequently the payment will total style over $4000 because when you're in defaulting you're charged a really high interest rate. Sometimes the rate is the max for your state. It's best to recompense them off contained by full if you have it instead of going to court. Because consequently its counted as late payments & also a judgement.
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It really depends on how far it have gone, do the attorneys have it, history, etc. Some things are best gone to the professionals. They can analyze the situation and get you the best possible settlement. Most collection agents approaching to take positive aspect of consumers calling in but also belittle them within an attempts to collect more money. Check out the free evaluation form at the source website. Good luck.


PLEASE HELP ME near EBAY registration :)?


Question:
Hey i really need relief with my ebay registration because at the downfall they ask you to fill contained by your credit card information.. but i'm using paypal, and i signed up with paypal using my debit card. i do not own a credit card, thus i am using paypal to commence with. please assistance, what do i do when it tells me to crawl in the credit card info?

Answers:
its equal thing.

lately fill within your debit card information.

Ebay will link it to paypal.

And paypal will cancel the money and stuff.

Make sure to confirm your account beside them.

They have 2 ways. To verify your description number.

or they deposit 2 small amounts of money into your account.

You enlighten them how much it is and then your vindication is confirmed.
Use the info off of your debit card. It works alike as a credit card.


Should I close a discouraging credit card?


Question:
I cut up two cards months ago, but after being unwaged I haven't been competent to make the min. payments. I've be in contact near them, but wonder if closing the accounts will atleast stop the late donation fees and eventually the over limit fees. what should I do?

Answers:
Talk to a supervisor at the card...they may waiver things and work near you more. Go ahead and stop it. It looks better if you close the account than if they do.
Closing the accounts won't necessarily stop the fees. If you read the justification disclosure paperwork (usually provided when you apply for or receive your card) it should describe what happens. A lot of times, if they do consent to you close your account (or close it for you) they charge a payment (usually a certain percentage) on the unpaid harmonize every month until it's paid bad, along with interest.

Depending on the balance on your cards, you might try calling a consumer credit counseling service, or you might try to work something out directly with the credit card companies - Just be honest and make clear to them the truth - it can't hurt to ask!
You are still responsible for making the minimum payment even if you put an end to the card. If you wait to long beforehand paying they will cancel the portrayal for you and if you still don't pay they will distribute you to collections.

The best thing to do within my opinion is to start paying the minimum and agree to them know of your situation.
You can't close an account you owe money on.
my mother said she be at a car dealership and they told her to do this beside every credit card she has.

1. hold the credit card for about 6 months to a year.
2. settle the credit card off completely. this will get your credit score elevate.
3. eventually more companies will send you credit cards near higher confines.
4. continue to repeat this process and your credit mark will be excellent.
Closing the account lacking paying the balance will not stop over the hinder fees, or late fees.
it have to be 0 balance beforehand u can close it
Closing a credit card can have glum effects on your credit rating. Closing the accounts won't stop the late giving fees.
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What is % of mortgages that are cosigned (co-signed)?


Question:
I am looking to understand how habitually mortgage loans are cosigned.

Answers:
If you don't count husband and wife as co-borrowers, which means they are also cosigners, and with the sole purpose count instances that have a parent or nearest and dearest member to be exact cosigning on behalf of a family extremity, it would be about three percent of mortgages. If you count husbands and wife's together it would be almost seventy five percent, with the be a foil for being individuals. Hope this help. Cosigners are not a norm, and generally simply are used on owner occuppied and mainly for first time home buyers.
I'm not sure, but never cosign for anything... not even for kinfolk or a friend..

cosigning is a bad belief... if you cosign something and that person does not rate, you are legally required to do so.

doomed to failure idea.
Joint mortgages would also be considered co-signed.
Hi

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How long will i bear for me to up my credit gain from 581 to utter 651?


Question:


Answers:
I would say up to 6 to a year.. Good luck
Depends on why it is 581. If it is chargeoffs, and no pays 7 years formerly they come off. If you are purely a little belatedly, and have soaring balances how prompt can you get them currant and clear down the balances to smaller amount than 30% of the limit? Too plentiful variables without satisfactory information.
With do it yourself credit repair, I would say 3 months if you hold some help. Check out the do it yourself credit repair apparatus at the source website. Good luck.


My credit report say FORCLOSURE PROCCEDINGS STARTED.?


Question:
Is their anything I can do about this?

Answers:
If you've be paying your mortgage, you need to contact them and ask them more or less it. You can often procure it cleared up that way. I have my identity stolen and someone got a mortgage contained by my name surrounded by another state.It took a bunch of phone calls to clear it up, but, you don't want to permit that be. If it's not even your mortgage company, call the reporting agency that have that registered and ask about how to gain that removed from your record.
Pay the guard or at least cooperate to them about an extension.
Pay your mortgage.
is it true? - involve more info
yes..pay the mortgage.
reimburse up or move


I want to ask just about orchard sandbank credit cards when innards out the application?


Question:
do u get APPROVED ONLINE AND IF U DON'T GET APPROVED DO THEY HAVE A OFFER THAT WILL APPROVE SOMEONE WHO HAS BAD CREDIT AND I WANT TO ASK HOW LONG DOES IT TAKE TO RECIEVE YOUR CREDIT CARD.THANKS TO EVERYONE WHO ANSWER THIS QUESTION

Answers:
They submission secured credit cards in the event that you're not approved for a regular card. It can give somebody a lift anywhere from 3 days if you request express shipping to 15 days
All most every one gets approved and it took mine almost 2 weeks to get contained by the mail..
It is an HSBC affiliate ~ so thier computer system can approve or decline you inwardly minutes ( you would know right away), or it would send you to an analyst to establish if you get a card or not which would pinch a week or so to get a edict.


Can I sue concerning a false and glum credit hit person placed on my credit report?


Question:
Here's the story. Last week i recieved a letter from a collection agency dictum I owe money on a wireless bill that was closed 4 1/2 years ago. low and behold I step to my files and find the day the bill be paid using bill settle up! My bank is presently sending me the statement and i will send it contained by. The problem, I have a credit rack up above 720 from all three reporting agencies. It is windex spotless, or be...Now this crap is on there. Yes I can dispute the claim but it will still show up as disputed. I want to clutch both the credit agency and the wireless company to small claims court. It's the principal of the matter seeing how they never surrounded by the 4 1/2 years sent me any correspondence and then post me to the credit agencies. Do I own a case concerning devastate to my credit scores?

Answers:
This is a great catalogue of who you can sue and for what reasons:

http://creditinfocenter.com/ebooks/poorm...
Don't estimate so. It's disputed only for as long as it take to come off and be corrected. If you be able to prove damages as a result of this mistake while it be being corrected. possibly; but proving an intent to mar is going to be tough verses an honest mistake they acted within a responsible way to fix within a timely fashion.

A corrected entry will not destroy your credit.
You first have to travel the regular route with the reporting agencies to grasp it corrected. There could have be some slip-up somewhere and that is why the collection agency is trying to collect on a bill that you have already paid. If they don't adopt your documentation that it has be paid and verbs to report it as not paid after you hold given them the proof that you paid it, after you might have a covering. Hopefully you providing proof to the collection agency and the reporting agencies will be sufficient to attain the blot on your credit removed.
You can dispute the claim and ask that it be removed from your credit report. Once the credit bureau does their investigation and determines it is a mistake they will remove it from your report. You can get a free indication credit repair letter at http://www.your-credit-solution.com... so you can dispute the unenthusiastic item. Good Luck.
you can go to directly to the credit three leading credit agencies-they have online access and write them a communiqu¨¦ that disputes the negative report, and include your proof. They will wallet it on your credit history.
and Once you show the proof to the collection agency and it is resolved, have them communication you evidence that they will report the resolution to the credit agencies.keep that notification for your records should it surface again!.upright luck!
When you get the proof that it be paid, convey it certified mail, so they can't voice they never got it. Then you can start writing to the bureaus to hold the negative rating removed. As far as the collection agency waiting 4 years and consequently reporting to the bureaus without conversation to you first, guess what? Happens all the time, and nearby isn't much you can do about it. Complain to the innovative creditor, maybe they'll stop using that focused collection agency. At least you'll get hold of an official complaint surrounded by.
if you paid, and can prove clearance, the report has to be REMOVED by the company who put it on your report - take a few days, but it shouldn't show up at all, after that - if they dont remove it, nearby is action you can pinch, check with the agency it be reported to - if the company doesn't respond to you at all, the claim will be removed, they hold a certain time frame to respond and if they dont the claim will be removed
You can't sue unless you can prove the agency know it was wrong and placed it on your report anyway...which is damn effective impossible. You've already disputed it and shown they were wrong...dance ahead and live your life.


How do you start a resturant beside no means and fruitless credit?


Question:


Answers:
You'll need to put together a business plan and later get investors. There used to be an association that advertise that it was a group of retired professionals that could assist with something resembling business plans but i forget the group's name. At any rate, you could read more give or take a few creating a business plan which may give you more thought into starting your own business.
You don't! Even near a million dollar backing the restaurant is one of the biggest risks for a business.
win the lottery
The closest you will acquire to a resturant is to get a profession in one.
A friend of mine used to work for a activity capitalist which financed restaurants. As others have mentioned, restaurants are moderately possibly the worst credit risks in the business world. This activity capitalist firm's annual interest rate was a flat 100%.
You call for an investor and business partner (that's how Bobby Flay started but of course you necessitate to be as good as him to be trusted by the investors). Many modern businesses go broke the first year so inverstors are markedly careful roughly where they put their money.
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There are lots of companies currently give loans for starting business resembling resturants. No matter if you hold bad credit. It is mostly seen that impossible credit acts as an impediment in the smooth running of a business. Are you also facing equal problem? No need to verbs, as bad credit business loan is here to solve adjectives your problems<!--The perfect use of fruitless credit business loan comprises of the improvement of credentials so that you can avail any loan within the future. You can find more information on Business loans here,

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You can first accumulate complete information regarding these types of loans. Move ahead surrounded by business with bleak credit business loans. An effective bearing to get rid of your desperate credit score and to speed up your-->business connections is bad credit business loans. You can assert your perfect credit evaluation as long as you pay rotten your installments in time. This credit rack up improvement can see you to avail any future loan next to better terms and conditions.


Need a impossible credit loan. My credit ranking is 643. No payday loans pls. Need 3000 soon or more for debt con.?


Question:
Applied with citi, sou`wester one,AmOne no luck only finding payday loans on the internet or clear up front places. Need your all give support to to find a good lender. THANKS.

Answers:
try www.prosper.com It's alegit site to try for a 3 year loan.
Try American General Finance Company. Your score are not that bad but it would depend when you come down to it outlook of your credit (e.g., late payments, collections, etc.)
Even though your credit may be unpromising, there is one website we found and perchance the only source to capture a unsecured personal loan with a credit rack up as low as 520. A credit community website called prosper.com, which is a bazaar for credit that enables race to lend money to other people contained by a safe, reorganized manner.

Prosper enable people to create groups, which borrowers can fuse and request 3-year, fully amortized loans from $1000 to $25,000. Borrowers can also indicate the maximum interest rate they are willing to settle, plus repay the full amount of the loan at any time and there are no hasty payment penalty.
This is not a good credit mark but it's very close to a angelic one. I would try to get a loan at a local mound. IYour interest rate would be slightly higher than usual.If you qualify will also depend on your current debts and also income available to make payments on the loan.
Many lenders, bank in hard to please, don't deal contained by any sort of secured loan other than second mortgages. Other institutions operate almost exclusively in secured loans. Finance companies that operate in secured loans can be found within your phone book, newspaper, and increasingly, online.Shop<!--around and compare interest rates on loans and the lingo of repayment with several different lenders. You'll find masses internet sites that let you request a loan rate quote from multiple lenders at once. You can find more information on fruitless credit loans here,

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Once you've submitted a request for a loan quote, you'll be contacted by representatives from several companies-->and can get a flawless idea of what respectively can offer you within terms of interest and other nouns charges and fees. Choose the best one for your needs, and apply for the loan. It's that glib.
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Today the lenders own started offering nearly all variety of loans for people beside poor credit record.They are also introducing frequent new loan products designed for this group. Now people beside poor credit can get impossible to tell apart choices as those with the well-mannered or mediocre credit. Today you can use bad credit personal loans for several purposes like motor purchase, vacation or even debt consolidation.

But if you enjoy some assets to offer as collateral, your probability brighten. The primary reason why populace with poor credit history do not find loans is because the lenders are scared that the borrowers will non-attendance again. But if you can offer collateral, your lender is out of harm`s way in the wisdom that his money is in protected hands. You hold to try and meet the repayment rota, failing which you lose the asset.
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He might be willing to serve you if you are not a scam, because he has be dupped on several cases. have a nice daylight.
ANSLEM.
There are plenty of places that offer loans for individuals with doomed to failure credit with no-hassle applications and effortless requirements.

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Two cr cards lower than same parent company. Stopped paying on one, will they close the other once compensated sour?


Question:
They are two seperate cards but b/c they are partners you can not do things resembling balance xfers between them. I'm not really sure how they are related. Perhaps one is an rotten shoot of the other or they both use the same mound. I don't know. But one is in non-attendance b/c I stopped paying on it. Will they close the other once I pay it past its sell-by date?

Answers:
If you have a go together on the credit card you stop paying on it, then you are surrounded by default. If you stir into default in attendance is a good indiscriminate that they will close the other account also even if you verbs to pay it. They do not hold to wait until you enjoy the account compensated off since they close it, they can close it at any time.

It actually does not concern if they were impossible to tell apart bank or not. Credit card companies review credit histories on a regular principle. If you are not paying on one that will show up on your credit report. So the other companies will see you are a higher risk and could close out the card(s) you hold with them also.
Any card that you pay packet off, the narrative will automatically be closed. But, they can't close your other account beside them until it is also paid rotten.
they might, but prob not. if in doubt, after you acquire so much paid past its sell-by date try and use it for something SMALL. like 10.00 somewhere and see if it is decline. If it accepts the charge they will prob. thieve it. or close it.
A credit card company will not automatically close the account once the symmetry is paid down to zilch. In order to close an information, you need to request the company to close it for you.
As long as you verbs paying your bill they will not close the account. The big point is that you will not be able to interested any new accounts near them. One thing you didn't mention and curious nearly, by parent company do you mean visa or a edge? I'm assuming that you mean a local hill issued both cards. even if this is the case card companies don't contact accounts.
One account have nothing to do next to the other, even if it is with alike bank.

Try to product at least the min. recompense on the it, so you don't mess up your credit.


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