Credit aid!?
Is there a reliable in the month to verbs credit for higher score? I have notice that my scores drop around the 1st and the 15th of the month. If anyone know, please let me know. ThanksAnswers:
You may be seeing the drops during these picky times due to the beginning and middle of the month is when most creditors update their information. Then this offset factors resembling aging & utilization. You may find it helps to verbs towards the end of the month after most of your creditors enjoy updated.
If you subscribe to a service that provides pulling a 3-in-1 (tri-merge) of your reports daily, you can initiate to take perceive of when creditors update their information. Become familiar beside their patterns. That will allow you to know when it is a honourable time to buy your score.
For me, I know around the 26th of the month is the time for me to buy my score if I'm going to because 95% of my accounts will have be updated by then. Since my mortgage doesn't update regularly, I one-sidedly don't buy my scores during those period that it hasn't updated.
Other Answers:
This is interesting. Try pulling your scores at the terminate of the month, 10 days after paying your credit card bill(s) and not having charged your cards, your win should theoretically be better.
1 reports on the the first day of every month ( XPN), 1 reports every other month for yesteryear 2 months ( TRU), and the last reports the first the of every 3rd month for olden times 3 months. Variations do occur on weekends/holidays, but it affects the fico as capably. I believe the companies and the periods are correct I purely double checked on several credit reports.
EXAMPLE
The monthly reporting company will likely report the lowest gain if you nearly maxed out a credit card on a purchase in the finishing 30 days. It will take the other 2 CBC time to update as they don't report respectively month. Same thing occur when you pay debt sour, 1 CBC will reflect it instantly but the other 2 will lug longer.
On credit reports it sometimes lists 1 statement 2x, it will show 2 CBC having a symmetry the same and next look like another credit queue having a different go together. It is all like account but if the 3 CBC own different balances it reports respectively CBC and the balance they report at that time.
Why are you checking your win so often? I hope you haven't subscribed to one of those credit monitoring services. What a lavish of money. Credit card fraud IS a problem, BUT the number of people artificial is SOOOO small. The reason it is so outstandingly reported is because of the damage it does - not so much money (you aren't liable for fraudulent charges), but time - proving YOU didn't apply for the credit.
You solitary need to check your credit report 3 times per year, and you can do THAT for free. Go to the relation below and request your report from ONE agency. Go back surrounded by 4 months and request ONE report from a different agency. Four months later, request the end report. Keep this cycle going and you'll have close plenty tabs on your report.
Put the money you be spending on the monitoring into a savings sketch, along with some more money every time you capture paid, and (after a while) it won't event what your score is. If you own $10,000-$15,000 in the ridge and go to apply for a home mortgage (the with the sole purpose time it's ok to borrow money because a home appreciates in value), the lender will see you enjoy cash within the bank, which routine you aren't spending every penny you earn (and more, like most Americans). They'll supply you the loan, and with a great rate, to boot.
Source(s):
http://www.annualcreditreport.com
Is nearby a statue of limitations contained by Massachusetts on a credit card go together?
Answers:
The statute of limitations for debt in MA is 6 years for:
Written contracts
Oral contracts
Promissory report
On a debt owed to a bank or on a promissory transcribe signed before a witness is 20 years. (Mass. Gen. Laws ch. 260, s 1.)
Other Answers:
50,000$ perchance
Can you clarify your question? Are you asking how long you own to pay the harmonize, or if the balance will only just disappear at some point?
Five years, but from the date of the last pursuit on the account. If you kind a partial payment or contribute to pay, that starts it adjectives over.
Harambee's answer is dead-on correct.
Thylawyer, please read the Fair Debt Collectins Act again...you slept through that lesson in advocate school.
The statute of limitations (SOL) for a delinquent debt is the time put a ceiling on for the creditor to file a lawsuit. This time starts when the debtor becomes delinquent. The reality that the SOL has "run" (expired) on a unusual debt will not necessarily prevent a lawsuit from being file (via a Summons And Complaint), but the defendant can have the suit dismissed on this spring.
Unless you can produce and direct me to the law that states it restarts on an "activity" similar to a payment, I will verbs to correct you.
how do i attain contained by touch near credit beuras to find them to verbs my credit up?
Answers:
Cleaning up your credit report will involve several steps. I've enclosed a intertwine that will show you what to do, and some sample communication templates.
In a nutshell....
Go to www.annualcreditreport.com and win a copy of your credit reports.
Examine the report for errors.
Send a letter to respectively of the credit bureaus and report any errors or disputes. They have 30 days to investigate and report vertebrae to you.
If the item on the report stays, you need to contact the creditor, constraint that the VALIDATE the debt. They have 30 days to distribute you copies of bills, receipts, contracts, and anything used to calculate what you owe them.
If they do not respond surrounded by 30 days, send a copy of the Validation Request communication and another demand to the credit bureau, and emergency that the report be removed.
You are about to dance to war...you necessitate to arm yourself. Read up on the Fair Credit Reporting Act (do a search on the net).
Just remember, true and accurate information will not be removed from your report, no thing how loud you complain.
Other Answers:
experian.com
transunion.com
equifax.com
Order a copy of your credit report, preferably one near a
3-in-1 report that shows the report from all 3 agencies. There is a button that say "dispute this item." You can dispute anything that is incorrect---if you rewarded something off, not exact information, a company that is not showing your recent payments....
I made some disputes online and inside a week I got a spy saying that those items have been delete. It's SUCH a great feeling!
Good luck! Everyone say they want to get out of debt. Most empire want to end the dependancy on credit cards and payoff their credit cards. Going out of business is not an easy item to do and it is even harder to do now days since the ruling changed last October. I purchased John Cummuta's Transforming Debt Into Wealth program on compact disc. I believe it was a $36 program, I concluded up selling on it eBay after I was done listen to it. It was resourcefully worth the money and the time to listen too. Some of his strategies are:
First of all cut up adjectives your credit cards except the one with the lowest interest rate. Do not charge anything that you can payoff that month. Payoff the unmatched interest rate cards first. Pay the minimum amount on all cards except the one near the highest rate. Pay as much as you possibly can on this card. When this card is rewarded off switch to the subsequent highest card. If you verbs to payoff cards the extra $20 or $50 per month from each compensated off card wants to be rolled into the next card. Continue to apply this strategy until the credit cards are salaried off.
Remember: You want to stop incurring additional charges are your credit cards. After you own paid stale the credit cards start the same process on the coup¨¦ payments, boats, toys, etc. Apply the same strategy to your house
Source(s):
http://strategiesforlife.blogspot.com/2005/11/paying-off-your-credit-cards-getting.html
How do I collect a money acumen contained by Georgia?
Answers:
I'm not exactly sure how Georgia law does it...
But unanimously you have to step to court and request a "judgement lien". With that, you can then accessories that person's wages, place a lien on property, go after their state rates return check, or repo their property.
Each state has differant procedures. I did a physical fast poke about for Georgia and couldn't find it (only had 5 minutes to look...)
Just do a rummage for "judgement lien" or small claims court, and add "Georgia" to the check out.
How Can I Apply For Any Credit Card On-Line And Get One?
Answers:
I wouldn't apply for just any credit card. I'd research the credit cards I be interested in first. Compare the beneifts of respectively before applying as economically as be realistic as to what cards your credit situation will hold a higher destiny of being approved. I've given a cooperation that has most credit cards out at hand listed for you to research.
Other Answers:
You put your info surrounded by and if you've got apposite credit they'll give you one. I applied for my concluding credit card online. It was really straightforward.
I would try discover... They have an natural online application process and there response time is severely quick.
You may apply online but almost any company would want to name you by phone, verify the online info before proceeding further. Thus it really doesn't take home much difference whether you apply online or by phone.
I would recommend a visa card followed by american expresss. Visa is accepted surrounded by most places. I won't recommend discovercard since it is not accepted widely.
The best place to apply would be your own dune.
You could do a search to compare for cards. Which hold an 0% apr rate, no annual fees, cash posterior, rewards. It depends on what you're looking for in your card.
Source(s):
http://comparecc.com/
My first interrogate to you would be why do you want one?
To make purchases if you don't own the cash next to you? Get a check card (sometimes called a debit/credit card) attached to your checking portrayal. You can use it anywhere Visa/MC is accepted.
To craft purchases until you HAVE the cash (in your account)? That's a REALLY impossible idea. If you can't afford to pay packet for it now, how will you reward for it when the bill comes in? If you don't clear the bill in full, you're very soon going to pay interest - which mode that $100 item you just bought will run out up costing you $120, $130, $140, or more - depending on how long you take to reward for it. Did you know, if you only breed minimum payments on credit cards, it can take 40 YEARS to repay them off! HONESTLY!
Here's a obedient one - to improve my credit gain? Your credit score is lately a number lenders look at to see if you can manage your money. A much better indicator is how much money you enjoy in the wall. Do you think if you hold NO credit history and $10,000-15,000 in the sandbank, they're going to turn you down for a loan? Don't think so.
Stay away from credit cards, put money contained by the bank near every paycheck and you will be better off than 75% of Americans. Five years ago, we have $16,000 (yes, thousand) in credit card debt, $43,000 (again, thousand) surrounded by student loan debt, $60,000 in mortgage debt, and a saloon payment. Today, we own no credit cards, two PAID FOR late-model cars, money in hoard, and the only entity left to payment is the house and I couldn't be happier. No more worries about creditors calling, no more worrying around which bill doesn't get compensated this month, no more wondering if I should pay the credit card or buy food for the kids. I will NEVER budge back in attendance again.
Source(s):
http://www.daveramsey.com
Don't be normal. Normal is $8000 within debt and no savings.
Debt-free is the agency to be.
supplying fraudulent info to get appropved is wicked. however they want 2 years at job
2 years at address
and unanimously 1800$ is good income
but it doesnt event if your derogatory in later 12 months on more than 1 account
Source(s):
http://www.geocities.com/maverick_mathaeus/CREDIT_REPAIR.html
Is the American Express blu a flawless leeway as a credit card? If ya are or be a memeber of AMEX, can ya offer
Answers:
Basically there is not much difference between the Blue and Visa or Master.
But if you want to hold the Green, Gold, Platinum, or Black in the adjectives, this may be the first step.
I have American Express for almost 20 years, their customer service is better than Visa or Master and it confer me a feeling of nouns.
Other Answers:
AMEX provides a very moral service on blue card.
DO you want a credit card or charge card?
I prefer charge cards from amex help balance your budget, jump with green or gold ingots, if you can afford it get plat. AMERICAN EXPRESS HAS A OPTIMA CARD THAT HAS NOT ANNUAL FEE
AND IS ACCEPTED ANYWHERE REGULAR AMERICAN EXPREE IS. SOME CARDS CHARGE FROM THE DAY THE CHARGE IS MADE NOT FROM DAY STATEMENT WAS SENT AMERICAN EXPRESS DOES NOT. PLAN ON PAYING
WHEN YOUR BILL COMES IN FROM ANY CARD TO KEEP YOUR CRDIT GOOD.
Is the American Express blu a fitting chance as a credit card?
I wanna get a credit card so If ya are or be a memeber of AMEX, can ya give me some advices??Answers:
American Express Blue is a great card contained by my opinion. Approval for blue can be more difficult than some of the other products offered by American Express. Most cardholders that be approved have a FICO within the high 600's or above, next to no negatives on their reports, and minimal inquiries. Someone that have already established a positive credit history with Amex may be capable of receive the card with a lower gain using the "short application."
Current Benefits of Blue:
0.00% Introductory APR for up to 15 months.
3.99% Fixed APR on Balance Transfers for the life of the stability
No Annual Fee
Flexibility to pay over time
Fee-Free Rewards Program
I enjoy 6 accounts with Amex. I can report you that Blue and Clear are my favorites.
Other Answers:
It's not bad because of the no annual fees. There's nought really flashy about it, but if you qualify, sure. You might want to look into a card that meet your needs more near rewards, whether it be cash vertebrae, 5% off gas or other such things.
I have the Gold card, and I own to say I love it! Its a great card, next to low interest rate, plus you get AMEX support and don't forget the points you can use to buy gifts..
Plus beside American express if you have a problem next to a purchase they will take if rotten your account.
HA do not get involved beside credit cards dosent matter what age u r trust me, its no virtuous I like it for purchases but don't ever use for change advances as interest horrible..Plus you own to pay rotten the entire low interest portion of bill before anything go to the cash finance
What a rip-off! Retailers enjoy to pay a HUGE duty to AMEX to accept their cards (that's why so few retailers bear them). You pay 4% to AMEX on your outstanding go together and they give you, what 0.1% within bonuses? Save yourself the interest and hassle. Put your money in a hoard account and retribution cash for the stuff you buy. Do this and you'll be better past its sell-by date than 75% of Americans
Source(s):
http://www.daveramsey.com
Don't be normal. Normal is $8000 contained by debt and no savings.
Debt-free is the road to be. True AmEx has no annual fees, but I prefer VISA. I find it official more often that any other credit card I hold.
Do you know where on earth you can bring personal loan beside severly discouraging credit?
2 repossessions, bankruptcy surrounded by 1997; late payments on mortgage and credit card contained by the last 12 months. one repossession have been cleared and the other one still own an outstanding balance.Answers:
you probably won't return with a loan
Other Answers:
ouch!! try this resource they compile lenders for people surrounded by your kind of situation
http://andycaine.approval4u.hop.clickbank.web
With that kind of history, why on loam do you want a personal loan? And if you were a lender, looking at that description of history, would you be in a hurry to lend this party money? Do you like self in the pit of H*LL? Get a second chore, sell stuff at a garage public sale or on eBay. Pay off the second repo and consequently remember where you've be so you never get down near again.
People get into these situations for one intention - no savings! If you hold money in the hill for emergencies, WHEN fruitless things happen (not IF), you hold the means to cart care of it. Stay away from credit - no motor loans, no credit cards, no installment payments. Take care of the repo later save, hide away, save! Save for that USED vehicle (NEVER, EVER buy new). Save for that new plasma HDTV. Save for ... You bring the idea.
You own to learn to tuning your spending habits and make out how expensive credit is. Look for a "Financial Peace University" class in your nouns (check the link below). Dave Ramsey is AWESOME. He really make you look at not only WHAT you're spending, but WHY you're spending it. That's the lone way you can revision your habits and stop this from scheduled again. Bankruptcy is a LOT tougher now than it be in 1997. But you DON'T enjoy to go in attendance.
Good luck!
Source(s):
http://www.daveramsey.com
Don't be normal. Normal is $8000 surrounded by debt and no savings.
Debt-free is the route to be.
Can I Be Charged For Credit Card Fraud?
Someone at my previous address used a credit card that was sent to me after I moved from an hoary address and maxed the card out. I got a police report and turned it over to the company thinking it be the right thing to do. However everyday I am getting phone call from them stating that I am not responsible for the charges but I must still pay the annual fees and the lates fees added to this vindication. I have never see this card before and am refuse to pay the bill what can I do to avoid this going against my credit?Answers:
Plain and simple......FCBA (Fair Credit Billing Act) borders your responsibility for unauthorized charges to $50. This is federal law. If you hold not done so, I recommend you send a formal dispute to the creditor surrounded by writing immediately. "Send your epistle by certified mail, return tally requested, so you have proof of what the creditor received. Include copies (not originals) of sale slips or other documents that support your position. Keep a copy of your dispute letter."
"The creditor must acknowledge your complaint contained by writing within 30 days after unloading it, unless the problem has be resolved. The creditor must resolve the dispute within two billing cycles (but not more than 90 days) after unloading your letter."
Check your credit reports to construct sure this hasn't been reported all the same. I also advise you to consider placing a fraud alert on your reports. "The creditor may not threaten your credit rating or report you as delinquent while your bill is within dispute. However, the creditor may report that you are challenging your bill. In adding together, the Equal Credit Opportunity Act prohibits creditors from discriminating against credit applicants who exercise their rights, in well brought-up faith, below the FCBA. Simply put, you cannot be denied credit simply because you've disputed a bill."
Other Answers:
Get an attorney.
See an attorney.
They should have shut the vindication when you notified them of the fraudulent charges. Did you apply for this card? If so, you may be responsible for the annual duty, but not the late fees, becuase you didn't brand name the charges.
Credit card fraud is SO tough to prove. Banks assume everyone who says fraud is trying to draw from out of their bill, so they will hassle you until this is taken care of. If you can't afford an attorney, walk to the legal aid society contained by your city. Lawyers give free or low-cost lawful advice to family like you.
I hope this works out for you.
Have a look here.
Source(s):
http://www.credit-cards.jims-info.com/
Has anyone else get this volunteer?
I got a phone hail as from a 'capital card' company. Apparently I was approved for an unsecured credit card near them (and I don't remember applying for it). They are sending me the information and I'll be able to accept/decline consequently. Anyone else ever heard of this?Answers:
It happen a lot. If you are credit worthy, adjectives credit card companies will send you such offer.
I would recommend reading the fine print for the fees etc.
Other Answers:
NO, sounds like a SCAM, DO NOT bestow them any personal information
i've never gotten a solicitation over the phone, but i get them surrounded by the mail constantly...i a short time ago rip 'em up and pitch 'em...
it happens greatly, get your number on the no phone list.
Never get a call but draw from lots of offers within the mail that I run through my shredder!
I avoid everything solicited to me over the phone. They don't enjoy your best interests in mind, with the sole purpose theirs.
Careful, it might be a fraudulent activity.
If you really want to apply for a credit card, apply one at your local dune. Just be precautious.
Marketing ploy. Ignore it, throw it straight in the bin and don't reply. These companies spend millions on this kindly of advertising and operate to a expectation ratio of 10,000 advert to 1 exceptance. Your not the first and you won't be the last
-Yep, I carry them all the time and after doing a credt report for myself I found it's probably because I enjoy a small amount of credit but the credit I DO have is apt.
-Capital One was if truth be told my very first credit card and they're pretty apposite to go through. Just remember to other do your homework and ask lots of questions previously applying or declining for/from a credit card. Read adjectives the fine print and take the best ones and don't have a feeling bad to rip up the ones that don't impress you! Word of counsel...always ask to hold the application sent through the mail if when they bid you on the phone. Nowadays you can barely protect yourself against identity thieving. Good Luck!
If you didn't initiate the call (meaning, you didn't give the name them), don't give them ANY information. I enjoy NEVER had a legal credit card company CALL and offer me credit (and we hold excellent credit - score around 800 - and gain daily offer in the mail).
Avoid using credit unless it's to buy a house. Keep plenty of money within savings (one depiction for emergencies and another portrayal for big ticket items, like a USED car), and you will NEVER hold trouble getting a mortgage, even with NO credit history.
Source(s):
http://www.daveramsey.com
Don't be conventional. Normal is $8000 in debt and no money.
Debt-free is the way to be.
no I wouldn't adopt it , it could be fraud . the best thing to do is stick to your own sandbank if you want other credit cards
the bureus especially innovis sell your info unless you opt out
at
http://www.experian.com/preapproved_credit/opting_out.html
Source(s):
http://www.geocities.com/maverick_mathaeus/CREDIT_REPAIR.html
No, not by phone. I receive lots offers through the correspondence, which I immediately dispatch to the shredder. I'd be very vigilant. It could be a scam.
elements or question to figure "demand risk"?
I am wondering if I can set-up a scoring model to calculate emergency risk by using specific parameters and/or factor and/or questions!Answers:
yes
dance to http://www.vantagescore.experian.com/factors.html and use the model add that to http://www.mycreditquote.net/cb061305/MyCreditCalc.asp?SubID=CD4720
and you enjoy your model much easier to just buy one
Other Answers:
Yes you can
i necessitate points so can you give me best answer, appreciation
I'm contained by Africa & managing my own biz since 10yrs presently.I'm facing financial problems presently .Any lend a hand,counsel or tip?
Answers:
The best advice is to take-home pay off as masses debtors away as possible and deal next to as few of the remaining ones as possible. So if you own 100$ to 10 people, and 400$ to 2 those, pay past its sell-by date the smaller 100$ loans. Then negotiate with the big lenders and supply them a stake in your business and try to see who can be your partner. Try to expand your business partner to people who you trust, and don't stir to the bank as they will munch through you alive with the interest rates that are adjectives place in Africa 20-30%. Seek out project capital, formulate a business plan to investors and see if they can take 20% minority stake contained by your company. Keep good accounts to show that you are serious next to your business transparency to outside investors...
These are just some tips, again the litte information you afford it's hard to backing. Also a country would be useful, contained by Ghana I'd tell you to progress and see Mr. Donewell Eku at SPEED Ghana, which is an enterprise assistance agency, try to find such an agency in your country that assists Small and Medium Sized businesses.
Other Answers:
if you hang on to your options amenable you should check out TAHITIAN NONI INTERNATIONAL. its a great source of income.
e mail me for more info
Seems approaching you should have be able to get by your finances after 10 years. No need to pack up,to come to America. Our finances hold been geared to accommadate folks,like you,which is why we (Americans) are struggling immediately.
Since you did not say what type of business your are within. I would look at, why is your product not in constraint? Can you see demand picking up or is your product human being mass produced cheaper than you can afford. Would it be cost benificial to broaden my market by selling it on the internet or other mode.
Looking at these things among others could point out what direction you need to dance, or get into another queue of business.
What is the gist of the occupancy "Credit Standing"?
Recently I applied for a credit card, but the bank did not approve it. However they told that the reason for the disapproval in no method reflect my credit standing.Answers:
Your credit standing is aimilar and really is another bearing of saying credit rating. When a credit card company tell you that its denial will not affect your credit standing, it is to say that it will not report unsuccessfully on your credit report. The law allows us to get hold of a free copy of your credit report from the three major credit bereaus anually, for free. Got to www.anualcreditreport.com and sign up to belief your reports. As well, you can after see how that particular credit apllication denial is stated within the credit report.
I Hope this helps answer your quiz, Thanks
Other Answers:
how safe to lend you money. credit card is treated as lend you money.
It's another permanent status for your credit score, your FICO. credit rating
when getting a home equalty strip of credit, how briskly do you recieve it & is that the best pick when needi
Answers:
depends when you set up appointment with the advocate as you will receive funds that day . usually doesn't lug very long , probably 2 weeks.
Other Answers:
HELOCs are pretty similar to what you go through with your first mortgage. It is across the world complete in smaller amount than a month, but with a HELOC you don't receive the money (that would be a Home Equity Loan, or HEL). HELOCs usually work close to a checking account where on earth you write a check to whomever you want to pay and it is drawn from the HELOC. Then you draw from a bill from the HELOC lender.
There are really three options if you entail money. The first is the home equity loan (HEL). This is also called a second mortgage and works lately like your first, except you achieve cash (ok, a check) at closing. Then you go and get a monthly bill. The advantages are that you usually lock in your interest rate and draw from money up front. The disadvantages are that you make two payments respectively month, interest rates on HELs are usually higher than 1st mortgage, and you can get hold of yourself into trouble if you don't change your spending conduct (see HELOC below).
The second option is a Home Equity Line of Credit or HELOC. The plus of this is you have credit available when you have need of it. The disadvantages are many. First, HELOCs typically enjoy a higher interest rate than 1st mortgages, copious have unpredictable rates. Second, if you use the HELOC to pay stale higher interest debt and don't renovation your spending habits (get rid of credit cards), you will meander up back surrounded by the same situation, but near TWO mortgage payments PLUS the credit card payments AND no way out.
The third risk is to re-finance your existing loan and take lolly out to pay the debts. The control to this is that 1). you only label one mortgage payment and 2). the interest rate is lower than a 2nd. The disadvantages are that 1). you can do indistinguishable thing as beside the a HEL or HELOC and get yourself within trouble again and 2). the new interest rate on your mortgage MAY be sophisticated than your current interest rate.
If you want to use a HELOC as an emergency fund, this is NOT a good notion. The lender will requalify you every year and if you are unemployed, they could bring to the fore your rate, just when you have need of the money the most.
The BEST solution is to ALWAYS have moeny within savings for emergency. They WILL happen so it's better to be prepared.
If you own more questions, consistency free to email me.
Source(s):
http://www.daveramsey.com
Don't be normal. Normal is $8000 surrounded by debt and no savings
Debt-free is the instrument to be.
What is a probable credt card rate? The one I hold go to over 20%.?
The one I have go to over 20%Answers:
7.9 - 9.9 anything higher rip stale
Other Answers:
Reasonable rate and credit cards don't go together. All their rates are illustrious. If you have righteous credit you should be able to find 12 percent.
Credit cards don't have okay rates. 16% is pretty typical.
Never carry a go together on a credit card. It's very expensive. If you beyond doubt have to, consequently make paying it stale your top priority. Set aside a chunk of every paycheck to pay down your credit card harmonize. Avoid buying things you can't afford.
That's ok dribble away what you have purely make sure you hold enough money to buy something to chomp through. I think most citizens get between 15.99%-18.99%. After the indroductory rate specifically usually between 0%-4.99%.
It depends on your credit... Mine are at 11% and 0% for transfers, yours might be 25%. It's different for diferent credit score. I personally would NEVER adopt a rate that high.
I bet you run over your credit limit, didn't you? The credit card companies are doing that to everyone, and I can't grasp why the government let them get away near it.Call them up and tell them to any lower the rate to something reasonable, or you will jump somewhere else. Believe me, you can easily find cards beside lower rates. Check out the link below.
Source(s):
http://www.quicken.com/banking_and_credit/bankrates/?pindex=5&sindex=0&cindex=0&posted=1&psindex=0&SUBRATES=CC&RATES=c6.var&STATE=0&CITY=0