I have 3, maybe 4 cards I can pay off by the end of summer if I make higher payments and don't miss any. I will have to let my large one sit for a few months in order to do this. If I do manage this, will paying these cards off improve my scores?
I saw something on CNBC about there being contractless credit cards and I have never heard of such a think until seeing that on TV. I caught the tail end of what they were talking about but I am interested in what these are and how they work. Anyone here know?
My score is at 635 and I am having trouble finding a credit card that doesn't have ridiculously high interest rates. I wanted to get another one since I closed 3 of them last year, paying off the debts. Had I known the interest rates would be this bad, I would have kept one of the older ones open.
I have an offer to get a credit line with 0% APR for the first year. If I get this card, max it out, and pay it back by the end of the year, will I be charged anything extra? I am tempted to do the offer so we have an option to have a usable card right now for food and essentials without dipping into our savings anymore.
I never had a store credit line. I know places like Best Buy, Target, Victoria's Secret, and even Amazon offer this. I have been tempted to sign on because I know I would get approved but I heard the rates of these credit lines are not great.
If you are unable to meet multiple credit card payments as your interest payments increase or if you simply want to move from a credit lifestyle to a savings lifestyle, it may be time to consolidate your credit card payments so you can erase your credit card debt. Debt consolidation means to bring all of your balances to a single bill and it can be a useful way to manage your debt.
It seems like the economy took a massive hit and I have a feeling banks as well as credit companies will be changing their policies come 2021. Some of them are likely going to take a loss from people not being able to pay off their debts and they can't do much about it.
How many cards do you have in your name and do you have an outstanding debt on all of them?
I ask because the average seems to be so high for people in the US. Between my husband and I, we only have 3 credit cards and only one has debt on it that we are still paying off. This was used for auto repairs we had to get done late last year.
I noticed when I started fixing my scores, I got so many credit offers in the mail, I lost count. I seem to get at least 2 a week and it has been this way for several months. Why do they target people who are trying to fix their scores?