About dept colection companys?
Question:
I had a dept next to a company then I recived a memorandum from a dept collections company asking for payment, I didnt recive any corespondence from the company I owed the money to unfolding me it had be referd to a dept collections company. IS THIS LEGAL? the company I owed the money to still gave me the substitute to pay past its sell-by date what I owed them, with no mention of a referal to any dept coloection company, so I compensated what I owed direct to the company I owed it to. now the dept colection company is describing me I owe them lb10 in authority charges CAN TEY DO THIS? shorly if it had be referd to this dept collection company, the company I originaly owed the money to should have withdrawn adjectives meens of paying them direct, and informed me that any money owing was to be rewarded to the colloection company and not them. wher do I stand on this. will I end up paying the dept collection company ther lb10 admin tax or is it between the company I owed and the dept collection company to sort out among themselv
Answer:
It is not illegal to refer it to a collections company lacking your consent.Although it seems undeserved that the collections company now want a 10 bad you,if i were you i would in recent times pay it because these relatives will screw your credit report if you do not play ball,a short time ago get some sort of taking off them.It really ain't worth the trouble arguing the toss beside them.
I think it would be best basically to pay the debt, it's with the sole purpose a tenner and it's better than getting in trouble for it and afterwards and up paying maybe more as the weeks travel on. If they aren't allowed, just discharge it anyway, just incase. You can other get it rear legs at a later date if it is wrong.
http://www.ftc.gov/bcp/conline/pubs/cred...
This is Identity robbery month, I am amazed how nobody feel sure, and nil is done to assure guarantee?
Question:
Isn't it possible for the companies to only embark on a credit card when the person is just present at the agency with his ID on mitt. I don't get it why credit cards are given at distance by enouncing a wrong other person's label and address, why they are so easily given to thieve. Your neighbor, your coworker know your name, address and Date of Birth, also they know your phone number. It is not difficult to enter someone's background at work, by means of some secretaries who can also be tipped for that..
Answer:
yes, but if hackers can snatch info past its sell-by date of the high tech gov databases, next they can surely get what they want anywhere.
at hand are many ways to attain peoples private info, so more states need to miss laws allowing the citizens/consumers to 'freeze' their credit reports, thus, not allowing modern accounts to be opened up.
as it stands simply a few states do it now. 10 million per year enjoy their ID's stolen and the lastest craze by criminals are childrens ID's.
1) run a free credit report from each agency (your allowed one free one per year, per agency). you entail to know, so you need to acquire them.
2) if ID Theft has occured, you have need of to make a police report first. the rest of what you want to do, is listed within the links below (with GREAT info too).
3) some states allow you to 'lock' or 'freeze' credit reports; to protect against theft. if your state allows it, lock 'em down. that channel, no one can accessible an account on them.
4) once you discover their credit reports own activity on them, afterwards contact each credit reporting agency (the 3 foremost ones) and report the ID Theft... and request the lock on the reports (usually they automatically do it, but ask for it anyway).
ID THEFT HELP/ INFO
http://www.idtheftcenter.org/index.shtml...
http://www.ftc.gov/bcp/edu/microsites/id...
http://www.fraudguides.com/consumer-iden...
http://www.ripoffreport.com/
http://www.fightidentitytheft.com/...
http://www.ncpc.org/media/current.php...
https://rn.ftc.gov/pls/dod/widtpubl$.sta...
http://www.myidfix.com/
CREDIT REPORT INFO / REPAIRS
http://www.kiplinger.com/columns/startin...
http://www.bankrate.com/brm/news/cc/2004...
https://www.annualcreditreport.com/cra/h...
http://www.bankrate.com/brm/news/forms/c...
http://www.bankrate.com/brm/news/bankrup...
http://www.bankrate.com/brm/news/forms/c...
http://bankrate.com/
TO ORDER A FREE CREDIT REPORT
(all three are free once a year)
NEW LAW: FREEZE YOUR
CREDIT REPORT (NJ)!!
(state.nj.us/dobi/creditfreeze...
Equifax
P.O. Box 740241
Atlanta, GA 30374
www.equifax.com
1-8OO-685-1111
_______________
Experian
P.O. Box 19719
Irvine, CA 92623
www.experian.com
1-888-397-3742
_______________
TransUnion
P.O. Box 2000
Chester, PA 19022
www.transunion.com
1-8OO-916-8800
other things they can do to prevent ID Theft;
1) NEVER lock in a password on any program; not IM's any.
2) run credit reports often to preserve an eye on it, if not competent to 'freeze' them.
3) dont do business with a company who uses your SS# as an ID number, such as bank, colleges, etc
4) NEVER buy anything on line unless the business encripts your numbers you enter (you'll see little stars instead of numbers surrounded by the box you enter it into).
5) spread the word and write your reps. demand they allow your state to 'freeze' your credit reports (which wont allow any unknown accounts to open short your concent).
and so much more...
.
Nothing is 100% foolproof your always gonna win some jerk trying to stuff the system to get something for free
The immense majority of theft identity cases crop up among family member and people who know eachother in good health, it's not as if there are a huge number of cases out in attendance where a complete stranger have stolen a persons identity so the problem is to some extent overrated.
You have valid concernssecurity is a relative word and conceptif we depend so much on machines and computers logically that's where are hindrance will lie. Machines and relations as well can be exploited. Microsoft's current vista was person hacked beforehand it was ever released. Information is goldeven corporations know that our spending customs are just as appropriate to know as the credit card number itself. Its up to us to be careful but you are right you cannot in safe hands the process it could be flawed before the card is ever printed.
What is identity aggravated burglary month??
Credit card companies and banks are big businesses. They kind their products as widely available as possible. I'm sure at one point, people have to go into their bank to sign up for a credit card, but now, bank don't want you in in that unless you pay a payment.
Activating the card from one's home phone is a big help, however, I've activate my cards from work or my cell phone. So much for that theory.
Credit Report Question?
Question:
I have bleak credit due to poor decisions within my youth and I am currently filing liquidation. All of my credit cards have be charged off. There are two cards that document my former boyfriend's (now husband) name as an authorized user. Those charge offs show up on his credit report. So my grill is, how can he have them removed from his report? He be not a co-applicant and should not be held liable for the debt. We were not married at that time any. Please only serious answers and no shamers, I am not proud of my poor choices and I own learned a huge lesson.
Answer:
You can directory a dispute with the credit card company. However, if the credit cards be initiated after you were married these cannot be taken rotten his credit (they can but you'll need a perfect debt lawyer.)
Now file a dispute with the credit card company should be trouble-free (assuming you were not married at the time of card initiation) Tell them you want his nickname off the card and merely yours as the card bearer. You will also need to write a communication to your creditors.
Now.
There is an instance that makes this null and cancelled. I know you are in the process of ruin. If you have already claimed liquidation and added those credit cards to your list of companies. You cannot, repeat, cannot underneath any circumstances talk to the company directly nearly the balances. (It is against the ruling.)
If you haven't filed however I suggest you talk to a legal representative or at the least a financial tutor. (often they may be able to backing you get out)
I hope this have helped and I desire you well surrounded by all your endeavors.
If you own any questions: ryn_csby@yahoo.com
He can write the 3 credit repoting agency's beside a letter of explanation that the cards reported on his report are not his. May lug up to 90 days to get them past its sell-by date. Also in file bankruptcy brand sure you are filing the right chapter. There are 2 (chapter 7 & chapter 13) one relieves you of adjectives debt and one sets you up on a payment plan . File the one that relieves you of adjectives debt. After 12 months you will be free and clear to qualify for a morgage ect ect. On payments you will be tied to it until it is paid after an additional 24 months.
He wishes to write a letter to Experian, Equifax and Transamerica explaining the situation he could probably use a notarized affidavit from you as okay.
The cards were contained by both your names. I'm surprised they haven't tried to collect from him. As long as his label is on the account, the charge offs are accurate information. You CAN'T hold them removed.
Here's an article title "What To Do If There Are Inaccuracies On Your Credit Report". It also includes a sample communication to send to the credit bureaus
Good luck
jus tso you know, when you use a debt settlement/negotiation firm, it is considered by the 3 credit bureaus to be a reorganization BK, which is why your credit mark went down.
Visit www.creitboards.com
They can tender you better advice on what to do to win your credit in command. And its free.
When you take married does one spouses credit effect the others?
Question:
Example..husband has horrible credit and wife have pretty good credit. Does something on his credit report effect her standing next to creditors or vise versa?
Answer:
YES.
If you do not want to have it "cross over" consequently you have to be totally careful going on for new credit applications to cause sure that they are individual and not joint accounts. This is a devout opportunity for Mr. to get hios achievement together. If he closes and settles his bad accounts and THEN is added Mrs' accounts he can cut down the time it will lift him to get upright credit without have too much of a negative impact on Mrs.
Not until you guys buy something together. When I be married I had excellent credit and wife have horrible credit. Good luck.
Only if you have united accounts or you have placed your spouses given name on a credit application
My husband and I have integrated credit card accounts
and also seperate accounts and our credit scores are different from one another.
How do find out your credit ranking?
Question:
Free!
Answer:
There are some very correct answers and they are almost all correct. However, as amazing as it may seem to be, when it comes to getting a credit rating not all credit score are the same. When you reimburse to get a rating number it may not be equal one your lender sees.
What are the implication of this? Well for starters it could mean the difference between getting a mortgage or not, getting any genus of loan or not, getting a good versus impossible rate on a car loan, the chronicle goes on and on. The implication are huge!
Where does the difference come from? If you go looking for a credit mark you will find many sources from credit bureaus themselves to credit card companies. Some of these are free but most are not. These serve as more profit centers for the providers. They all hold their own take on what make up your credit score and may or may not be close to what the solid deal is.
What is the physical deal? The concrete deal is the FICO gain. Fair Isaac and Company has be THE source of credit scores for lenders for decades and will probably remain so.
The other evaluation for the purposes intended are worthless. Checking your real FICO score and credit reports is the best way to obtain an accurate picture of how lenders see you.
What's the Problem? It's all something like the money. From the credit bureaus perspective, credit bureaus got tired of sharing fees next to FICO so they came up beside their own score and contracted to market them. From a consumer perspective, it can tight-fisted thousand of dollars between an inflated bureau score and the definite deal from FICO.
What's the solution? If you are looking for a loan-car, home, whatever-DON'T PRESS THE EASY BUTTON. Go to the extra stab of getting the one that counts. The FICO score. It may be a short time more difficult to understand but it will retribution for itself in the convenience of information it provides you.
What do they say around bad information? It lead to bad decision. Make a good decree and get the best information-get a FICO gain!
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I hear that you can check once a year free on freecreditreports.com. I have never tried it.
You can jump to www.freecreditreport.com or www.myfico.com and then invalidate your membership inside 30 days. Good Luck
www.annualcreditreport.com gives you a duty copy of your credit report. You can get one per year from respectively of the three credit reporting companies. It does not give you your chalk up though. If you want your score, within is a place while you're getting your credit report that you can request your credit score. There is a excise charged though.
I got my win from my bank. I a moment ago asked them what it was and they did a check and told me.
Although everyone is eligible for a free annual credit report...i infer you have to pay envelope for the score though. its simply about $5 bucks or so. Its worth is.
Annualcreditreport.com give you your report itself without a gain, which you should watch for fraud and exactitude. However, if you want to see your score for free, ask the subsequent time you open a mound account or lug out a loan. I work at a credit union and we can't provide a concrete copy of the credit report, but we can show it to you and tell you your chalk up.
Hope this helps!
Go to http://www.bad-credit-credit-card-for-pe... they hold free information on how to get your credit report free from the FTC.
You can draw from your credit score contained by your credit report. Maybe you can try below website to get the information. It's in the order of free credit report articles for your second opinion
What would my credit card settlement be on a $5000 set off next to 11.9% interest?
Question:
looking for a monthly minimum payment amount. Can you oblige me? i suck at math, dont even know how to calculate this one.
Answer:
Interst should not enjoy anything to do with it contained by most cases. Each CC company has in attendance own % that they charge for min payments. Most are 2% I believe.
So you should be right around 100$ min payment every month.
I believe Different companies hold different "minimum payment" ammounts. If you want to pay it adjectives off contained by 3 years, you will pay 165.83 per month and you will recompense off $5,000 at 11.9% surrounded by 3 years.
Here's a calculator that will give you an thought of what you're looking for
What is your minimum payment (2%, 3%, 4%%) Credit cards own a minimum payment amount of some percentage of the stability OR some dollar amount, whichever is greater. So it would be something like 3% or $50, whichever is greater.
So, if it's 3% or $50, your minimum would be 5000 x .03 = $150.
If you compensate the minimum payment base on the above, it will take you almost 8 years and cost you around $2,000 contained by interest to pay $5,000.00 rotten.
You might want to consider paying more than the minimum or you are going to be in debt for 8 years trying to money that off.
how do i stop income one from sending me offer and stuff to seize a credit card??
Question:
Answer:
I believe you can. Call them the next time they transport you one, and tell them you want to opt out. They'll know what you be set to.
Probably can't! Just do like I do, put it surrounded by the paper shredder!
http://www.optoutprescreen.com
This is the site to stop adjectives "pre-screened" credit offers.
It won't stop adjectives offers, but they will no longer be capable of do a blind screen on your credit first, reducing their incentive to trademark you offers.
Do what my grandfather did. Call their customer service smudge, then inform them to take you moniker and adress off of their mail list. Then ask for the principal or supervisor and tell them like peas in a pod thing.
It worked for him
OptOutPrescreen.com is the officeholder site for this.
Go to http://www.optoutprescreen.com and opt out of "pre-approved" offers. This service be developed by the credit reporting agencies Experian, Equifax, and TransUnion. Once you fill out the required information, you will not receive unsolicited credit offer for the next five years.
Somewhere on the paperwork they sent you here should be an 800 number to call and opt out of credit card cast-offs mail. I freshly did it the end of ultimate week but since I threw out the application I don't have the number.
Call Capital One and instuct them to ceace mail to your address. OR you could do what my brother used to do...take other second-hand goods mail, put it surrounded by the envelope and mail it. It costs the company money since they are paying for the return postage.
I don't spread a thing out and distribute it back surrounded by the pre-paid envelope. They get the bit.
My car is financed through Capital One and they dispatch me offers adjectives the time. I keep getting offer through other dealerships all the time. I only just ignore them.
of late apply and get approved next they will stop sending u stuff
I shred the offer later mailback the shredded pieces their pre-paid envelope. They never sent me one again.
contact them and tell them if it bothers you that much
Does getting coup¨¦ insurance quotes lower your credit win?
Question:
I was wondering if getting multiple insurance quotes can significantly lower your FICO rack up due to inquiries..especially if you have a fixed credit history..
Answer:
NO. They oftentimes check your credit, but it is considered a "soft inquiry" which does not lower your score. It is close to a utility company checking your credit.
hard inquiries lower your gain, which are applications for new credit, such as loans mortgages, credit cards, etc.
NO!
I hold heard multiple credit inquiries can effect FICO but not a significant impact.
Build your history by getting several credit cards and keeping a bit of harmonize each month. When you can, extend the credit define on your card. Pay you bills on time and you will build up your rating. (Never owe over 50% of your max. credit limit)
You're smart to shop around for motor insurance and be sure to stay free of tickets as much as you can to keep premiums down.
To procure an expert opinion, ck near one of the credit companies like Experien.
Refinancing an adjustable mortgage?
Question:
My adjustable rate goes up contained by May. My FICO is 662 and I want to know if it is possible to get a prime mortgage rate or should I stay next to Countrywide. Does anyone know of a better mortgae company or way to bring a mortgage.
Answer:
Yes you can get a prime mortgage rate; however, in that are a number of things they thieve into consideration, including income, debt to income ratio, assets, etc. I would go to a mortgage broker because they can shop around for you and gain you the best deal on rates, etc.
I get my mortgage through ING direct, but they only submission ARM's. They seem to own the lowest rates and fees though.
Instead of refinancing, which may mean big closing costs, you may know how to get a HELOC. With a HELOC, nearby is usually no closing cost. You could check with a mortgage broker for that. I know of some if you necessitate referrals. Also, you may be interested surrounded by this new program. It works very well with a 30, 20, or 15 year mortgage. I am currently using a HELOC next to a new software program from United First Financial, call the Money Merge Account. This software helps build equity quick, and will help me payoff my home surrounded by less than partly the time without refinancing, and in need extra payments. It is saving me thousands surrounded by interest, and pays off home contained by less than partially the years. E-mail me if interested.
See bellow the website source for more information.
You need a more responsive, personable mortgage company. I recommend Hamlin Mortgage. They should enjoy no problem getting you into a fixed rate. You are wise to start the process presently. Check out the free evaluation form at
www.totaldebtsolutionsllc.com
They will have a loan officer from Hamlin telephone you within 24 hours--good luck!
Who will mix me surrounded by my boycott of Shell?
Question:
I had a Shell gas card for around 5 years and was never charged an annual charge. Then in June, I received my statement which included a $25 annual duty. The reverse side of the statement had instructions to write a notification if I wanted to close the portrayal and avoid paying the annual fee. I wrote the missive and then received a memorandum back proverb the account be closed as requested. Now they want me to pay them the $25 plus in arrears fees and they reported it on my credit that I have an outstanding set off! I wrote to the disputes department but that didn't help any. I spend way more than the measly $35 they want, and they lately lost a loyal customer. Please join me within my boycott until they repair the damage they did to my credit report. Thanks and Happy New Year!
Answer:
yeah man like heppened to me
My wife got charged by Capital One for NOT using her card! There be a class-action lawsuit against them, which they lost. Maybe you should consider initiating or joining one against Shell. Good luck.
GOOD LUCK! I hate to be the bearer of unpromising news, but the owners of Shell also own other companies.
Just to be a realist, you will not be capable of get a immense enough boycott to hurt them.
I am sure you own gotten those emails to the boycott effect, and they don't work either. What it is going to help yourself to is a lot of phone time and stress on your factor to get what you want.
Sure you can christen the better business bureau, but that doesn't do anything for you right now. Ask yourself if it is worth the superfluous headache, then do appropriately to that answer.
I don't blame you for your boycott in any casing. However, have you tried getting someone on the phone just about it? There is a good casual that if you kept your correspondence, you can not only seize the debit reversed and close the account, but Shell will contact your credit bureau to remove the cynical mark. I have my bank spawn a mistake like that and although it took me 40 minutes on the phone, I did go and get it straightened out completely. When you call, start by "I hope you can abet me" rather than what you're really hunch. Good luck!
SHell is the best gas company in the world. Sorry I ONLY by my gas at Shell. They do not operate the credit division themselves, do they? Sorry I will not amalgamate you!
Write a letter to president of company & SEND CERTIFIED RETURN reciept requested. CC to investor relations of the company, better business bureau and attorney geneeral of your state. Believe me you will capture a response QUICKLY!
The company you should boycott is not Shell but CitiCorp which extend credit and services your account underneath the Shell brand.
That's why I dot not apply for ANY type of credit with Citi, they are too unpredictable and particularly difficult to deal beside.
What are ur favorite strategies for the board activity, RISK?
Question:
Answer:
If I get a sector of australia I put all my piece within.or south america wait till I go and get stong, and have alot of cards. try and hold peace. Then when I am strong and can change contained by for ten pieces, I slowly start to do my mission. when You get 3 soldiers on the cards, dont change them in linger till you have a cannon and horse too. Good luck.
Can creditors prosecute you if you attempt to earnings at most minuscule something everymonth?
Question:
I have a credit card details with citibank and haven't salaried. A "law' office contacted me axiom that payment have to be paid within full and I dont have any payments option. They said that my student loans i have beside them too they can turn them into default as of consequence of this debt. I told them to do what they hold to do because paying in full is not an way out for me now. What can they do give or take a few it? is it true about my conservatory loans? can i still make payments to stop this?
They other get loud and coarse like if you be scum.
Answer:
You are confusing "law" organization with breaking the ruling.
Yes they can sue you, no they cannot prosecute you. It is not "illegal" to not pay your debts, they are of late trying to intimidate you.
As for the student loans, I don't know. You would need to verbs the student loan paperwork and read it to see what can happen.
Do yourself a favor and the subsequent time they call describe them you want to be contacted only contained by writing and that you are recording the bid. Then when you get a epistle with an address and contact term for the law firm (collector) dispatch them a letter unfolding them you can only money $X per month and send them the check. Write the CItibank depiction number and the words "As agreed" on the memo file. Keep really good track of what you recompense and whatever you agree to engineer sure you make the payoff.
That way if they sue you surrounded by court and the judge see that you attempted to come to a reasonable settlement he may allow you to verbs it.
Good luck.
I'm sorry that you are having trouble. Citibank from what i enjoy dealt next to are scum...But yes they can prosecute you. If they wont set up an monthly clearing plan really the best thing i can make clear to you is to seek an Attorney to look at your option..Good luck !!
Remember they will threaten you any way they can consider of. There #1 goal is to attain you to send them money. As long as you are showing worthy faith and sending them 5.00 a month at hand is nothing to verbs about. Even if you don't reimburse them a dime chances of them trying to rest it through the legal system is significantly unlikely. Sure they want the money however they make BILLIONS annually and eventually they will write it stale. All of them turn it over to LAWYERS. These LAWYERS are only resembling your common debt collectors.
Oh don't verbs they won't prosecute you even if you don't pay them. Creditors resembling to scare citizens. They'll say anything to you to capture the money you owe. All of them are rude. They'll be nice to you at first but once you say that you won't reimburse them the full amount they'll harass you and threaten you but they won't they're adjectives talk. They told me that i have to pay them surrounded by full and once i said i couldn't they threataned to take me to court and that be like 4 years ago and they havn't taken me to court all the same. They just nickname me like 5 times a morning. But think going on for it, it would cost them money to take you to court so they won't. Just forget about them and have you're number metamorphose if you have to. But don't listen to anything they own to say because they're adjectives lyers.
I would write a letter outlining what your situation is. Make a small pay every month say $10 proverb that is the lone way you can afford to pay envelope. If they are really thinking about taking you to court no Judge would rule against you if your making an attempt
to remuneration.
These banks and creditcard companies right rotten millions a year. Remember what ever you owe it has to be worth the rescue costs to the bank. A few bad letters and a phone appointment every day
won't cost them much if they can they'll try to restore your health that way.
Be discreet they don't sell your debt, this is adjectives practice.
(you owe me $1000, i cant get it i get rid of it to my big mate, he gives me $700 and comes after you for $850 to settle)
Just swing in near its stressful but you'll be fine. These companies are such shits..
Prosecute means CRIMINAL charges. Creditors can never prosecute you. They can sue you surrounded by civil court. Legally, the CAN sue if you pay anything smaller number than the minimum payment. As long as threats are getting money out of you, they won't in reality sue unless they have intention to believe you can pay much more than you are. I'm pretty sure they are lying around the student loans, unless you are behind on those payments as ably.
where on earth do i opt out to credit cards?
Question:
i don't want to receive credit card advertising anymore
Answer:
1-888-5-OPTOUT (567-8688)
have all the forms & information you will involve
http://opt-out.cdt.org/
i went to optout.com and i really haven't gotten any offer!
I don't know if there is specific catalogue for credit cards that you can opt out of.
However, you can opt out of most direct mailing by contacting the Direct Marketing association - www.the-dma.org
Visa debit/ payment card relieve?
Question:
Hey, I have card. It say visa- debit but gift card at the top. So let say i go to the store and needed to buy something that was $20 but I solely had $10 on the card. Can I use up the rest of the card for $10 and next pay $10 brass?
I usually use it online buy can't pay for anything for $10. so I want to use it at a sotre. HELP ME PLEASE
Answer:
Yes...purely make sure to transmit them it only have $10 on the card before they run the visa because they hold to enter in the exact amount to be precise on the card or it will be rejected.
you can combine the gift card and later pay dosh for the reminder
just give an account the cashier you solely have $10.00 on the card
Yes you can use the card and consequently pay the rest near either lolly, check, or another card.
Applying for too oodles credit cards within going on for 3 months?
Question:
my credit is good and i enjoy about 5 credit cards immediately...only one have a balance and im not an over spender...and i'v stated previously that my card for 'just for emergency'. i got 1 present in the letters last month i like so i accepted and i get an offer by phoen and i official..i did another onlien and got official...the last 2 inwardly a month..i want 1 last one that have rewards...im sure i will get approved will this hurt my credit? will it look bleak? like i said not looking to be a big spender on them.
Answer:
Tear adjectives of them up and throw them away Using cash is best. If you are worried around an emergency, save $500.00 to $1000.00, put it contained by a savings story. If you find something you want to buy, then retrieve the money for it and resist the urge to impulse buy.
If you are planning to manufacture a large purchase such as mortgage or auto within the near adjectives then it could hurt you somewhat. What a lender looks at is available credit. Even though you do not net a habit of using those cards you could suddenly tomorrow charge adjectives five cards to their limits since you enjoy the credit available.
Also, that is profoundly of new credit contained by a short period of time. Have you be watching the interest rates and yearly fees on those cards?
Offers habitually come with elevated interest rates and fees.
It hurts your credit in the sense that if you be to get a mortgage from a wall, they would (even though you have a nil balance on the cards) make a contribution you a lesser loan.
The idea is that you already have $5000 or $10000 potential liability out near with the cards (as you could charge on them).
The reality that you don't use them doesn't give you a bleak credit, it just manner that instead of a bank giving you $100,000 mortgage, they might time limit it to $90,000.