Are you worried about your credit card debt?

I was. I used to be a chronic user of credit card. I realize a simple basic truth.Credit card companies give you a credit card so you can spend more...Although I was paying off the credit card due by the end of the

Can credit card debt be canceled?

Yes.If you do not pay your credit card debt, the late payments/ default goes on your credit report.After some time, the bank will ‘charge off' the debt/ This also goes on the credit report.What many people do not know: The cancelled debt gets added to your income. Yes, you read that right.The bank will send you

Can I pay a credit card bill with another credit card?

Technically, yes you can do that, although you won't be able to do this in a straightforward manner. Most issuers won't allow you to just key-in another credit card number online to make payment for your card.But there are several ways around this:You can take a cash advance from one credit

Can I pay a debt collector with a credit card?

If it were me dealing with collection agencies: I'd ask for full details (down to individual transactions on a credit card/utility bill/whatever) of exactly what they're supposedly collecting and what/when it relates to.Ask for those details and never admit you owe a penny ("who me? I don't owe anything"

Can I pay an ICICI credit card bill with an SBI credit card?

You can add the money from your SBI credit card to Paytm wallet and then transfer the amount from your paytm wallet to your ICICI bank account.There is a transaction charge of 2.8% approx. which will be deducted from the total amount transferred.Once you have money in your ICICI bank account, you can easily pay your credit card

Can I pay my credit card bill using same credit card?

The short answer is no.First of all, your credit card doesn't have any money

Can prepaid gift cards be used to pay off credit card bill?

Although there might be a better way to do this with lower fees, one thing you can try is to secure a Square account and card reader (for free), then use the gift card to pay yourself. The money will

Can you pay American Express with another credit card?

With my knowledge and what i looked up I would say NO you can not but I did come across this trick that I thought I would share. Yes I know it is from 2013 so it might be to old. But you

Debt: Can you pay your credit card bill with another credit card?

You can not directly pay your one credit bill from another. There is no direct way, however it is possible to transfer your one credit card bill on another with which you can make the payment. There are several alternate methods with which you can pay your one credit card bill with another one.1-

Do countries have debt the same way I have credit card debt?

Yes - and no.For a start, because they are seen as a good risk, their debt it much, much cheaper. Sometimes, this can make the interest lower than inflation, meaning they are effectively earning money by taking on debt. Investors buy these bonds because they are seen as safer

Do ultra wealthy people prefer to use debit or credit cards?

They do have credit cards but they don't actually use them, at least not frequently.Ultra wealthy people do not travel or go out alone, even on a date. Nearly all of them would go out with at least an assistant/secretary and a couple of body guards. These entourage would pay for whatever the boss buys, unless the purchase

Do wealthy people have credit card debt?

Highly doubtful, but then again, it all depends not just on the size of their assets - but also how leveraged are they.Truly welathy people are able to get loans, when needed, at almost zero interest rate (based on my experience with the wealth management departmetn of a large international bank).If this sounds as if they're

Do you have more credit card debt than savings?

I do not but did several years ago. It was pretty scary, I was underwater for close to $100k on credit. I had to lock down, pay everything with cash and pretty much stopped my lifestyle while slowly paying down one, then the other then the other. Now I'm

How and who can help me pay off my credit card debts?

Sorry to hear that but the only help that best to help you out is me and my strategies in helping you you pay off you credit card debts,Firstly,1. Start by Setting a GoalIt's important to set for yourself realistic goals for paying off your high interest credit cards as well as other types of consumer debt (overdraft,

How to build credit after paying off debts

After paying all your debts, draft a feasible strategy and follow it persistently. You can do things like:-Never delay the debt payments be it any: credit card outstanding, existing loan EMIs, utility bills and so on. Everything gets recorded in your repayment history.If you are thinking of applying for a new credit card and you already have

How to pay off 10000 of credit card debt

Toxic relationships are dangerous to your health; they will literally kill you. Stress shortens your lifespan. Even a broken heart can kill you. There is an undeniable mind-body connection. Your arguments and hateful talk can land you in the emergency room or in the morgue. You were not meant to live in a

How to pay off 100k pesos credit card debt

If your account is maxed out and you weren't paying for a while, your account will probably be transferred to a collection agency.From there somebody from the agency will hound you thru your mobile, office and home numbers. If you manage to be elusive up to this point, they will try to contact you thru the social media,

How to pay off credit card debt

I assume that all these debts are still

How to pay off my credit card debt for free

hi there,I am glad to hear that you are ready to pay your debt. Did you say free, then in this scenario, better wake up my friend. If you have bills, you have to pay them my friend. It is just like

How can one avoid credit card debt?

It's surprising to know most of the people in U.S.A. directly opt for the credit card debt, without even giving a thought to get a loan from a Private Lender.A good amount of people needs personal loans every now and

How to consolidate my credit card debt with bad credit

Toxic relationships are dangerous to your health; they will literally kill you. Stress shortens your lifespan. Even a broken heart can kill you. There is an undeniable mind-body connection. Your arguments and hateful talk can land you in the emergency room or in the morgue. You were not meant to live in a fever of anxiety;

How to get a free credit card

Most of the credit cards are issued based on your income status and range. However, this does not limit you from getting you a credit card. You can check with various credit cards issuers about their eligibility and rules.Many of the credit cards issuers have some

How to get myself out of $25k credit card debt

From my perspective, the only real way you can get out of credit card debt is making the decision to never get into credit card debt again. How do you achieve this? Take every single credit card and cut it up and vow to never use a credit card again.

How to pay off 5k in credit card debt

The single best way to pay down your credit card debt is to make a realistic plan and stick to it. It does not matter how much income you make as long as you are willing to make some sacrifices to reach your goal.If you are really motivated,

How to pay off a credit card debt fast with low income

Start by giving up everything that is not a necessity such as cable TV, anything but the most basic cell phone plan, eating out, expensive food (e.g. hamburger instead of steak), etc. Buy clothes at second hand stores. Used all the money saved to pay down the credit

How do people accumulate so much credit card debt?

Credit cards are a trap, and most people don't use them correctly. They see som thing they like or want and charge it. Then instead of paying it off right away they make the minimum payment and continue to charge other items till they finally max out the card. They do this to

How do people get into large credit card debt?

Theses days very easily. The main causes are:The availability of Credit as a whole as a

How to pay off credit card debt if you can't make the whole amount

Ideally, you should plan your finances such that you are able to fully repay the debts on time. Simply because credit card debts are the most expensive debts, with interest rates going as high as 40% p.a. (banks quote the credit card interest rate as 3.2 - 3.3% p.m. which comes out

How long did it take you to pay off $5000 in credit card debt?

I have had concerns about this in the past at my own company when I had been instructed to use my card to pay for my travel, tuition and expenses for an out-of-state training seminar. The total expenses was on the order of

How much credit card debt does the average American have?

There are several ways to approach this question.A number often cited is $16,000 per household . This number is chosen deliberately to be high, usually with the goal of shocking us into thinking there is a big problem.This statistic is arrived at by ignoring people with no credit card debt: those without cards, and those

How much credit card debt is too much debt?

If you cannot (or don't want to) pay off the balance in full every month, then you have too much credit card debt. The amount you're shooting for is zero.Credit card debt doesn't build your credit rating. All it does is cost you 17% to 26% of your money.Don't try to delude yourself into thinking that it's OK. It

How much do you owe on all your credit cards?

$0.00 and have carried that balance since college.Getting a credit card was the worst mistake of my life (and I made some pretty big ones.)Anything I could do with a credit card I can do with a debit card and some money in the

If a wife loves to use husband's credit card to buy expensive goods without his permission, is it okay? They're married but only husband works. What should they do?

If a wife loves to use credit card to buy expensive goods without her husband's permission, is it okay? They're married but only the husband works. What should the husband do?If you are the only one earning then you have probably taken responsibility for paying all the bills. It is probable that your wife has

If I have 5000 debt on credit card A and 10000 debt on credit card B and I have 5000 surplus, am I better of clearing the complete debt on card A or should I make partial payments on both cards?

Depends on the interest rate you're being charged on both cards. All other factors being the same, focus on paying off the highest interest rate card first. (And if you can do a balance transfer to the lower-interest rate card, you can speed the process along by

I'm paying off my debt slow and steady. What can I do to raise my credit score?

Congratulations on paying down your debt.FICO scores are made up of 5 factors: How Credit History Impacts Your Credit ScorePayment History (35 percent) - if you go 30, 60, 90 days past due consistently, that will also keep you

Is individual credit card debt essential to a healthy economy?

Before we had credit cards, we had dealer financing. If you wanted to buy a washing machine, the dealer would offer a payment plan. This really brought modern conveniences to more people faster. I think such financing really improved the overall quality of life.Credit

Is it good to pay off credit card debt with a personal loan?

Payment of credit card debt with a Personal Loan can be a good option. However, it has its own set of pros and cons as mentioned below:Advantages:Personal loans will carry the most significant benefits if you're currently paying high-interest rates on multiple credit card accounts.1. A comparatively lower rate

Is it possible to pay off your debt with a credit card?

Yes, you can do this, if you have a zero balance credit card with sufficient credit line and a "no interest during the grace period" policy.There are two ways that interest on "new" charges is calculated:1.  Some credit cards (particularly those aimed

Is student loan debt worse than credit card debt? Why?

Much worse because it is insidious. You accumulate more and more, for 4, 5, 6 years without ever making a payment or seeing how much interest you are accumulating. All your friends treat it like it is

Should I just not pay my credit card debts?

I am not going to go all moral on you, that's just senseless. Giving away loans is calculated business risk, and sometimes the lenders miscalculate. It's obvious that the credit card companies truly made a bad decision when they let you borrow from them. So, when you stop paying them,

Should I pay off a line of credit or credit card debt first?

There's two schools of thought...which one is better for you depends upon the specifics of your debt and your personality.1) Pay off the smallest debt as quickly as you can, while still making minimum payments on the other two. This gives you the feeling of "Hey,

Should I pay off credit cards or save? Why?

Step 1:  Stop spending everything you earn (and then some with credit cards).  That will cause money to accumulate.  If you don't have at least 10% of your gross pay leftover every month, you're doing something wrong.  Aggressive folks I know easily live 20% below

Should I pay off my credit card debt or build savings? Does the credit card debt make savings less useful?

The first rule of debt is to use the lowest interest rate available (including any finance charges or fees), preferably zero percent on credit card paid off in full every month.First concept of credit cards and high interest debt is to always cut the interest charges by paying off the credit card debt.

Should I settle my credit cards debt before divorcing? or after divorcing?

I don't know that there is a clear answer to your question.I would suggest under these circumstances that you should talk to a collection or bankruptcy attorney who will go through your debts and income and recommend a course of action. Fifty thousand is typically an amount of debt sufficient to

What are good ways to go about consolidating credit card debt?

Credit card debt consolidation optionsThere are various options for consolidating crediting card debt. Each option has its benefits and drawbacks.1. Low interest/no interest credit card balance transferIf you can qualify for another credit card, you may be able to use it to consolidate your credit card balances. There are fees associated

What are some of the best and quickest ways to cut credit card debt?

Always pay more then the minimum, as much more as possible, paying more on your high interest ones 1st. If possible transfer high interest balances to low interest cards and if your credit is good and your disciplined enough then open a new card such as Discover It which offers 18 months at 0% and transfer your highest interest

What are some of the best methods of paying off debt and building back credit other than a credit card?

To pay off debt faster and never again get in a situation of debt cycle, a person can take the following steps :Pay the debt with highest interest rate first. While it is common to mistake the largest sum to be your biggest debt, it is important to note, that more than the principal

What are some of the best ways for low income people to pay off credit card debt?

The trick is to spend less than you make so that the extra money can go toward debt. Actually, the trick of life is to spend less than you make, no matter what your situation. In this case, often low

What are the best strategies to pay down your credit card debt?

My first suggestion would be to get on a budget. List all of your debts that you owe each month and your income. Next prioritize your credit cards based on due date and Interest Rate. List your minimum payment and also leave a space

What are the options to pay off a high interest 17k credit card debt?

Shop around for a credit union to join. In the process of shopping ask about a lower limit, possibly single digit rate credit card. Credit unions tend to be much more consumer friendly than all but smaller local banks.Offer collateral such as home equity, savings, investments or retirement accounts so as to

What happens if someone refuses to pay credit card debt?

If you live in the US, the implications can be rather broad unless you choose to live completely off grid. The legal implications of refusing to pay credit card debt would need to be addressed by someone else. The basics of what will happen from a financial perspective are summarized below. While working

What happens to unpaid credit card debt?

The statute of limitations on credit card debt ranges from 3 to 10 years, depending on the state. (The state is specified in the credit card agreement, which may or may not be the state you actually lived in). The list can be found here: Statutes of limitation

What is best way to pay off credit and loan debts?

RULE NUMBER ONE:STAY AWAY FROM PAY DAY /SHORT TERM BORROWING ! THAT MEANS PAYDAY/WONGA/ QUICK-QUID TYPE LOANS ! They will kill you.Obviously, never get in to the position in the first place- but I am a realist not a

What is it like to have credit card debt?

Do you have a DVR? If you don't I apologize, it is an apparatus that allows you to record your favorite television shows so you may watch them at a later date.Now DVR's, like credit cards, are awesome. You don't have the time (money) for something now so you put it on your DVR

What is the best way to build credit off of your first credit card?

You really don't have to do anything to build credit from your first credit card.You can make one purchase, pay that off by the due date, and not use it again. Each month thereafter, your account will be reported as being in good

What is the best way to pay off credit card debt when you have bad credit?

The consequences of not paying off some debts before others can lead to more financial hardship.Carlos was making a six-figure salary as a Logistics manager in Georgia when in the summer of 2013 he realized he couldn't afford to take

What is the best way to refinance credit card debt?

The answer to this question is easy, the execution is a bit tougher. The obvious answer to any refinance is that you want to refinance to the lowest rate possible, over the longest term possible. Doing that results in the smallest monthly payment, and reduce the interest you

What is the best way to use a credit card?

As a former banker, let me tell you how best to use your card. You'll gonna love this. First you need to understand how CC (credit card) works (this is in Malaysia). Don't forget to read the last paragraph!Your usage of 1st - 30th each month, need to be paid by 20th the following month (due date). If

What is the fastest way to pay off a $5,000 credit card debt?

As with any goal, discipline and taking advantage of intelligent opportunities are key.First, establish a monthly payment commitment toward repayment of the debt that you're confident that you can maintain, and then stick with it. If your budget permits, I suggest a monthly payment that covers the current monthly interest charge plus 2.5% of the current balance. If your

What tricks and tips do you follow to lead a debt-free life? What would you do differently to avoid debt now? Most live off of credit cards today, how can we change the mind set of this and next gen?

From young age I have always avoid debt, except two mortgages. The second mortgage is there because I had to start al over when I was 50. But after nearly 5 years already 35% of the principal is payed back.So

Which credit card is good?

In my opinion, Credit Cards from Kotak are good as they provide a wide range of attractive discounts and services.Ever since their invention, credit cards have transformed the way the world transacts. For millions and millions of users, they have made

Why can't you pay off a credit card debt with another credit card?

As a general rule, credit card issuers do not accept payment using a credit card

Why do more and more people choose to use a credit card?

Credit in general is like a knife. Knives are versatile and useful in many everyday situations. However, it will cut you if you use it improperly or abuse it. Credit cards have the additional harm of being readily available for

Why do people with no credit cards and zero debt have worst credit scores than people with lots of debt?

The question is an example of the basic misunderstanding of the purpose of a credit score. Lenders, credit card, car loan and mortgage lenders, need to know if you will pay back the money you borrow. People who pay their credit card balances in full every month are not actually building up a payment

Why is student debt, auto debt, and credit card debt so high?

Simply because everything is so expensive. If it wasn't the biggest sellers of stuff wouldn't be able to maintain their (every year) increase of profit.That and the cost of putting a roof over your head.In the UK renting somewhere to live has become more and more expensive to a point where people need to borrow money to

Why when I paid off all my debt my credit score dropped 40 points - how can I get it to go back up?

Assuming you did not close every every account, as long as you charge something and pay off every month, you won't accumulate debt but you will maintain the accounts and continue to build credit.This is what I do and I checked my credit score yesterday and it is 883. I've been doing this for about 5 years so

Will I ever pay off my credit card debt by only paying the minimum amount?

Different cards have different methods of calculating what the minimum payment is, but I'm not aware of any that have a formula that results in a minimum payment that's less than the interest charged each month. Now it's possible that if the card has

In what ways can a high credit score save you money throughout your lifetime?

Get Better Interest RatesA better credit score will also lead to better interest rates on your credit cards or other loans. Better interest rates mean less money spent paying off the loan, as well as lower monthly payments.Have More Negotiating PowerTo a bank, a person with good credit is a stable asset with a guaranteed return.Get Better Interest RatesA

What happens if I have a gym membership, didn't realize it was a 1 year contract, decide to pay cash instead of charging it to my credit card, then stop paying, what would happen?

Well, not all gyms would let you pay cash without either, 1) Paying the full year in advance, or 2) Offering a credit or debit card to be charged if you neglect to pay.If the back-up card didn't work, or if they didn't

Will I be denied entry into Costco if I lost my membership card?

No, you tell the person at the door that you don't have your card. They will point you to the membership services desk to get either a temporary card if you just don't have it at that time, or they will create you a new permanent card if you lost/destroyed your other one.Super simple. The hardest part is waiting

I get fraud calls two or three times in a month. And they also ask me the number of my credit card. Why do not they have any fear?

Just to add humor...one of my friends like you always receives such calls giving him insurance policies free of cost or credit cards free etc. He either tell them that he was in jail for murder and he will be thankful for a credit card or that his cibil score is 300..i suggest you adopt either of these

What can be done, if anything, if someone falls for high pressure sales tactics over the phone for an expensive program where there money is taken via credit card? The sales person says there are no refunds on the purchase. Buyer's remorse sets in.

There may be a cancellation clause in your nation or province's legislation.The easiest way to check this would be to telephone the office of your provincial or federal member of Parliament and ask. You don't need the member, the office staff should be able to confirm this.Then phone the 1–800 number on your credit card and ask for a

Can I use my husband's discover credit card with his permission if my name is not on the card?

I have given my wife a specific card of mine at times, because it has a special offer/promotion on it, or it just hasn't been used in a while. Unless the cashier is really picky its rarely an issue, you slide the card at the register unless they notice the name is that

In a divorce would I have to be ordered to pay off my spouse's debt?

I believe NY is a marital property state, which means any debt acquired "during" the marriage will be split 50/50. Some exceptions may exist if he simply went on gambling sprees without your knowledge, which would not have not benefited the marriage, but the more you knew about