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What is the gross credit loss in credit cards?
total amount due
When are credit cards a form of cash?
It is NEVER a form of cash. Credit cards are plastic cards in which consumers use to buy products that they do not have cash for to pay at the time of purchase. They will promise to pay it off later, but these people tend to use the cards a lot and they never save and can only pay the minimum due.
Will your credit score go down if you pay less than the minimum due on credit cards?
Yes.
How bad is my credit due to unpaid credit cards?
You credit score will decrease significantly if you do not pay your minimum credit card payment every month. Unpaid cards will be reported as delinquent and really destroy your score.
What is the best way for people with bad credit to get credit?
The best way for people with bad credit to get credit is to rebuild their credit score, this can be done by clearing off past due bills and bad debts, how ever responsible users can avail of department store credit cards or some credit card companies will offer people with bad credit score history a special credit card.
Is it possible to just declare bankruptcy on credit cards?
You can declare bankruptcy due to credit card debts, yes.
Rebuild Your Credit With a Secured Credit Card?
Rebuilding your credit is not an impossible goal. The best way is to start out with two or three secured credit cards. These are cards where you send in a deposit and the company sends you a credit card in the same amount. While it is not actual credit, it will go on your credit report as a credit card and your timely payments will help improve your score. As you keep up with the payment on your card, you may even get your deposit back and receive credit line increases. Due to the secured nature of these cards, most people can qualify for them.
What are the key factors to consider when understanding credit cards for beginners?
When understanding credit cards for beginners, key factors to consider include interest rates, fees, credit limits, payment due dates, and the impact on credit score. It is important to use credit cards responsibly to avoid debt and build a positive credit history.
How can teens get a low interest credit card?
It is not recommended for teenagers to have credit cards as it would be more ideal to wait until they are more mature. Teenagers can apply for credit cards but are often declined due to low income.
Why are banks issuing renewed credit cards and ATM cards long before they are due to expire?
BECUASE THE ARE SO MANY FRAUDS.
Where can I find companies providing low interest rate credit cards?
Due to the growing need for credit in America, there are many websites that are devoted to comparing the different aspects of the different major credit cards. It is a personal choice as to which one is best for you.
Is the husband responsible for a credit card debt if he and his wife are not legally divorced but she has credit cards in her name only and racks up a large debt?
Yes, you are married. For years I didnt even work or have credit cards, but I established credit due to my husbands last name, because we are married.
