I Have an American Express Clear Blue Card !!! How Do I Pay This ?!!!
I have a new card with 6 month 0 APR. I would like to know If I purchase something with it will I have to pay it back immediately or would I have the 6 months to pay it off? I know with other cards I would not have to pay until the 6 months is up.
I just want to make sure because Ive heard horror stories of American express being quick to raise your APR if you pay late. As long as I pay the min balance and have it at 0 by the end of the six months will I be ok?
The Answer : As long as you make "at least" the minimum monthly payment and have it paid at the end of the 6 month promo period you should be in good shape. Plus you will have a nice (interest free) payment history reporting on your credit reports which will help your scores.
Do not let the amount you owe go past the promo period.Depending on the promo they offered you, if there is still a balance remaining after the promo ends, you may have to pay the interest from the full amount you charged/balance transferred. Also, if you do not pay it off within the 6 month period, you will look like you are struggling to pay your bills. Amex will definately notice.
The best thing to do is to divide the amount you charged or balance transferred by 6 and pay that amount (or more).That way you will know to budget that much each month and you won't have a large amount left to pay in the 6th month.
Showing posts with label Free EBooks. Show all posts
Showing posts with label Free EBooks. Show all posts
Friday, October 26, 2007
My Info on My Checking Dept Card & Credit Report !!!
When Companies Are Doing A Credit Report ! , Can They Get My Information on My Checking , Dept Card , Savings ? !!!
The Answer : Not unless you listed this information on your credit application.Personal banking information does not show on credit reports.
Also See for yourself what is on your own credit report at www.annualcreditreport.com you can get one report free a year.
The Answer : Not unless you listed this information on your credit application.Personal banking information does not show on credit reports.
Also See for yourself what is on your own credit report at www.annualcreditreport.com you can get one report free a year.
A List Of Credit Cards Dont Make A Hard Inquiry Reviewing Application !!!
Credit : A Lit Of Credit Cards That Dont Make A Hard Inquiry When TheyReview Your Application ?!!!
Can someone find me a list of credit cards that don't make a hard inquiry when they review your application? Maybe one that would just check my w-2 and current pay stub and even take a copy of my credit report? Thanks for your time.
The Answer : Most credit cards are going to do a check. There are all kinds of offers that come in the mail and are posted on the internet. There are quite a few banks/companies that will give you a card with a limited or secured amount to use.
However, most of these cards ask for a annual fee, plus the interest rate is high, and there may be a monthly maintenance fee as well. They are all over the place it shouldn't be to hard to find. But, remember that any app you put in will hit your credit score and lower the number for each hit.
Can someone find me a list of credit cards that don't make a hard inquiry when they review your application? Maybe one that would just check my w-2 and current pay stub and even take a copy of my credit report? Thanks for your time.
The Answer : Most credit cards are going to do a check. There are all kinds of offers that come in the mail and are posted on the internet. There are quite a few banks/companies that will give you a card with a limited or secured amount to use.
However, most of these cards ask for a annual fee, plus the interest rate is high, and there may be a monthly maintenance fee as well. They are all over the place it shouldn't be to hard to find. But, remember that any app you put in will hit your credit score and lower the number for each hit.
Pay on A Bill within 7 Years Dropped Off Your Credit !!!
If You Don`t Pay a Bill within 7 Years , Does That Get Automatically Get Dropped Off Your Credit ?!!!
I heard that from a friend. what if you do pay on the bill, does it still get dropped off your credit even if you are paying on it? I am no clear on that
The Answer : The time that a derogatory account can be reported on your credit is 7-years from the date of first delinquency. This works out to 7.5 years.It is illegal to re-age debt, so if you pay it will not start the clock over, what it will do however is start the statute of limitations over which is the legal time that collection people have to sue you in court.
I heard that from a friend. what if you do pay on the bill, does it still get dropped off your credit even if you are paying on it? I am no clear on that
The Answer : The time that a derogatory account can be reported on your credit is 7-years from the date of first delinquency. This works out to 7.5 years.It is illegal to re-age debt, so if you pay it will not start the clock over, what it will do however is start the statute of limitations over which is the legal time that collection people have to sue you in court.
Thursday, October 25, 2007
Good Interest Rate On Car !!!
Whas A Good Interest Rate On A Car ? is A 19 % Interest Rate Bad ?!!!
The Answer : Auto finance is what I do for a living and it depends on your credit.For a lot of people 19% sounds high, but there are just as many that would be glad to have 19% because they are either paying a lot more or can not get approved at all.Remember, no one pays the full term of their loan, these loans are a way for people to re-establish their credit, after about 18-24 months of good payments you can trade and get a lot better rate.
The Answer : Auto finance is what I do for a living and it depends on your credit.For a lot of people 19% sounds high, but there are just as many that would be glad to have 19% because they are either paying a lot more or can not get approved at all.Remember, no one pays the full term of their loan, these loans are a way for people to re-establish their credit, after about 18-24 months of good payments you can trade and get a lot better rate.
Wednesday, October 24, 2007
Credit Cards , Authorized User , Credit Report !!!
How Can I Have Credit Cards That I Am An Authorized User On Only Removed From My Credit Report ?!!!
When my ex-husband and i got married he listed me as an authorized user on several of his credit cards in an effort to help build my credit history. although the trade does apperar on my report and i get some credit for the payment history,
i'm not responsible for repayment of the cards, from what i understand. however, if he were to default, the negitative information would reflect on my report as well....since we're splitting up i want to have myseft removed as a user on the card just to protect myself. he has called and requested that i be removed as an authorized user,
but the cards are still showing up on my report (this is bringing my score down as well). shoudn't the trades be completly removed? does anyone know anything i can do to make sure this happens?
The Answer : The history will continue to show for 7 years even after you have been removed, the accounts should show as closed on your credit report so any negative payment by your husband in the future should not show on your report.
When my ex-husband and i got married he listed me as an authorized user on several of his credit cards in an effort to help build my credit history. although the trade does apperar on my report and i get some credit for the payment history,
i'm not responsible for repayment of the cards, from what i understand. however, if he were to default, the negitative information would reflect on my report as well....since we're splitting up i want to have myseft removed as a user on the card just to protect myself. he has called and requested that i be removed as an authorized user,
but the cards are still showing up on my report (this is bringing my score down as well). shoudn't the trades be completly removed? does anyone know anything i can do to make sure this happens?
The Answer : The history will continue to show for 7 years even after you have been removed, the accounts should show as closed on your credit report so any negative payment by your husband in the future should not show on your report.
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