|
|||
seeking for legal advice about credit card debtQ. I want to transfer my credit card debt to another card or cards with the lowest possible interest rate. What is the best way to do that, of what should I be aware, etc? (All my debt is unsecured. I've had two marginally late payments in the last two years. Don't know my 'score': is it advantageous to me to find out and, if so, how can I use whatever it is to my advantage, etc.?) Is there an authoritative site on the web that addresses the subject? Does applying for such cards in any way hurt your credit? I also read somewhere on the net -- think it was some fellows site in the UK who had been thru all this -- that if you use 80% or more of your available credit on a card, that that counts aGAINST you: is that true? A. _Knowing your score doesn't do too much for you, especially since you are not planning to borrow additional money beyond what you already have borrowed. The big thing is to keep paying on time. That is the number one thing that kills your credit. _Every credit application will ding you a few points. Getting more credit will also ding you since your credit limit to income ratio is impacted. _If you are close to being maxed out on a card, you will get dinged. In your case, the advice is simple. Take advantage of any low rate offers you get. If you haven't gotten any low rate offers, then call each of your credit card companies and ask what their best deal is on a balance transfer. You really don't want a low rate deal on a card where you already have a balance since that balance might still be at the old rate. Transfer the balance out, clean up the card, then use the lower rate offer.
Other Questions: Im very confused about my offer. I took out a £30K mortgage in 1994 covered by SL endowment. SL say in their offer letter "If you had used a repayment mortgage rather than an interest only mortgage and your endowment plan, you would be £3,0... seeking for legal advice about credit card debtI want to transfer my credit card debt to another card or cards with the lowest possible interest rate. What is the best way to do that, of what should I be aware, etc? (All my debt is unsecured. I've had two marginally late payments in the las... looking for Mortgage Debt AdviceI am in arrears of £6000 with my mortgage company. I was initally in debt for £10000 but have brought this down. But they have sent me a letter toady saying that they are going to go to court to take repossesion of the property. I can pay anoth... right links for Personal Debt HelpCan someone answer some of these questions and/or point me to the right links? 1. I am under the impression that Americans carry too much debt. Would this be an accurate assessment? I am under the impression the economy of American has been f... Solving the Third World Debt ProblemHow to solve Nigeria's foreign debt problem?_Personally, I think Mr Willimas is making a great mistake by saying that we should lengthen the time of the debt. This I believe would increase the total amount owed. What I believe should happen, is...
|
Ask a Question PFBlog Credit Report Income Tax Debt Management Credit Check Bad Credit Computer Engineering CAD Drafting |
||
|
Copyright 2005 Finance Q&A |
|||