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bad credit cards FAQ
I have roughly 5 -10k in bad credit card debt. I was wondering if I pay them off, will I get my cards back ?
Jun 23, 2008 by shryock86 | Posted in Credit
Its been over a year since Ive been able to make any type of payment on them. Also, they all been turned into collection agencies. I know I will have to build up my credit again. I was just wondering if the cards I have will be turned back on again, or
Creditors can either enlist collection agencies to recover debt on their behalf, or they can sell your debt to the collection agency. If it is the latter, then the account is closed. If it is the former, the account is probably "active", but
David B | Jun 23, 2008
Creditors can either enlist collection agencies to recover debt on their behalf, or they can sell your debt to the collection agency. If it is the latter, then the account is closed. If it is the former, the account is probably "active", but
David B | Jun 23, 2008
Is it true that you get bad credit if you have numerous credit cards?
Jan 29, 2008 by simplynah | Posted in Credit
I would like to get good credit b/c I'd like to buy a car next year with a down payment. But I heard by applying for a lot of credit cards you get bad credit. What would be the best way for me to build credit safely and effectively enough for me to be
Each card you apply for lowers the score 7-11 points. Have 3, THREE, good trade accounts, never run them to the limits but keep the balance below 30% of the available credit on all of them, and pay them off when the bill comes in.
That
Rebecca | Jan 29, 2008
I actually went through this. If you apply for too much credit then it just seems like you're desperate. I know because I applied for a lot of credit cards and got turned down. Now that stuff is on my credit report for 7 years. Don't do it. Just apply
Wendy | Jan 29, 2008
You always see credit cards for people with bad credit, but what about if you have AWESOME credit?
Mar 22, 2007 by Jeff | Posted in Credit
We are constantly seeing credit cards and loans directed at people with no or bad credit. What about cards for people with an 800+ credit score? What cards are most attractive for people with good credit and why arn't they advertised?
I
What about cards for people with an 800+ credit score?
Three things such people, who are just 13% of the population, want in a card:
1. Convenience. We use a card because it's easier than cash. Don't bother with a card
VT | Mar 22, 2007
bad credit cards news
Good and Bad in Credit-Card Binge
18.05.12
The surge was the largest–in both dollar and percentage terms–since November 2001. What was unusual was an increase of $5.2 billion in revolving debt. The category–which includes credit cards–had been on a downtrend over the last three years. That lack of credit use had limited consumer spending.
Source: Wall Street Journal (blog)
Gas Station Operators Are Crying Over Credit Card Fees
18.05.12
The major oil companies have sold almost all their gas stations because it is so tough to make money selling gasoline at retail.
When crude oil prices go up, as they have recently, retailers try not to raise their prices too quickly for fear of losing customers, which pinches profits (or result in losses). Customers sometimes take out their anger on the local gas station as if it had the power to create stability in the Middle East or curb speculation in oil markets.
Source: Forbes
Credit Scars: Bad Judgments
18.05.12
All that was needed was a little common sense to see that the debt was not hers. Also in her favor: She’s a lawyer who knows her way around the legal system.
But neither could help her repair her damaged credit report. Judgments, which are court-ordered repayments of debts such as medical or utility bills, can destroy a pristine credit score, the number used to decide who receives a loan and how much they will pay in interest.
Source: LoanSafe
bad credit cards about
How to Stop Bad Credit Card Habits…
ThyBlackMan - May 01, 2011
But despite the fact that it is a common knowledge, many consumers still fall into the credit card debt trap each year. In this article, we present practical tips on how to stop bad credit card habits and stay away from bad debt: Take Charge!
The good, the bad and the ugly of credit card offers
The National - Apr 29, 2011
Depending on the type of person you are and your spending habits, credit cards can be good, bad - or just plain ugly (just ask those people who lost everything during the financial crisis). In an emergency, they can save the day. But a credit card is
Credit Cards for Bad Credit Customers
Digital News Report - Apr 25, 2011
Credit cards are necessary to rent cars, reserve hotel rooms and make some online purchases. There is a way for people with a bad credit score to make those purchases and improve their credit score at the same time. The Capital One® Secured MasterCard®
How Financial Companies Encourage Bad Habits
San Francisco Chronicle - Apr 27, 2011
It would be nice if banks, financial advisors, credit card companies and other financial businesses had your best interests in mind when making policies and advising you, but that may not be the case. Financial institutions make billions of dollars
About That Playstation Security Breach: Good News! Also, Bad News
The Stir (blog) - Apr 28, 2011
Your credit card data is probably safe, thanks to the powers of encryption. According to Sony, "the entire credit card table was encrypted and we have no evidence that credit card data was taken." The bad news? Malicious hackers might have taken your