Posts Tagged ‘Cancel’

My credit card company changed its terms and is asking of I accept the new terms?

Thursday, October 2nd, 2008
Eddie Cacciatore, Private Eye asked:


This term change is after several years, and it was a reputable credit card company.

If I don’t agree to the new (worse) terms, they will cancel my card, and I’ll have to pay the remaining balance. Would this hurt my credit rating if I don’t accept the new terms, let them cancel my card and just pay off what I owe over the year?

Sharon

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Posted in Credit | 4 Comments »

What is the best credit card to start my credit?

Thursday, August 7th, 2008
chaos_magician13 asked:


I recently turned 18 and im in a great living situation. i live with my dad, make about 1000 a month and im a musician. I wanted to buy a new bass and amp, but more importantly need to start my credit. I already have the money to buy the bass today, but i wanna see if i can start my credit with this purchase.The stores i went to say i need at least a 700 score to apply for their credit.
Is there any credit i can apply for, without having to pay financing and apr and so on without having credit to begin with. My plan is to buy the bass with credit, pay it off right away, and probably cancel the card right after.

Marc

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Posted in Credit | 8 Comments »

What is the consequence for paying off your current credit card debt with a new credit card?

Tuesday, July 22nd, 2008
Reggie asked:


I have 2 credit cards and they’re not even that much. I’ve been paying every month to reduce the balance but after interest charges, it seems to go straight back up. I recently checked my credit score, and it’s in pretty OK shape. I know if I get another credit card, my credit limit will be enough to cover for both debts. My plan is to just get a new credit card with no interest for one year and pay them off then cancel my other 2 credit cards.
Is that a safe idea? Will it affect my credit score (negatively) that much to do so?
Thanks.

Leonard

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Posted in Credit | 7 Comments »