Personal Finance « Credit Cards – pay off interest rates

May 4, 2010

Is it better to pay one credit card off to higher a credit score or split amount up between cards?

Filed under: Personal Finance — Tags: Buy A House, Buy House, Credit Card, Credit Cards, Credit Score, Score Cards — admin @ 2:39 pm

Crystal asked:

I am looking to buy a house and my credits is where it should be but my husbands is not. We payed his credit cards down a little and are waiting for his credit score to change. I am not sure how long it takes but also I am not sure if it is better to pay one of the few cards off or split them between the few cards. I just need it to go up 25 points.

Pearl

Comments (3)

April 23, 2010

How much should I pay on my credit cards?

Filed under: Personal Finance — Tags: Credit Cards, Interest Rates, Much Money, Online Calculator, Thanks A Bunch — admin @ 10:08 pm

jenna_B asked:

Does anyone know where to find an online calculator that will help determine how much you should pay on your credit cards in order to pay down your debt without throwing away too much money in interest. I’m looking for something that you can input your balance and interest rates that will show you how long it will take to pay off if you put X amount dollars on it monthly.

If you know of any website or program like this, please let me know! Thanks a bunch.

Luis

Comments (8)

March 24, 2010

Can I put my credit cards in my money clip?

Filed under: Personal Finance — Tags: Bound, Credit Cards, Magnetic Money Clip, Magnets — admin @ 7:17 pm

nin137 asked:

It is a magnetic money clip which is bound in leather. I am well aware that the magnets will probably de-magnetize the credit cards but I have heard from several people that this is sometimes not the case. I was wondering if anyone could help me out on this. Thanks!

ELDON

Comments (2)

February 10, 2010

How many credit cards is too many?

Filed under: Personal Finance — Tags: Credit Card, Credit Cards, Credit Score, Personal — admin @ 12:03 pm

ent asked:

I just added a sixth credit card because I wanted one that had a cash back rewards program. I only use three credit cards, one for personal, one for work and one for recurring bills like cable. Should I cancel one (or more) or keep all six accounts open? What’s best for my credit score?

AGUSTIN

Comments (6)

January 3, 2010

what is the advantage of settling with credit cards vs. filing bankruptcy on credit cards?

Filed under: Personal Finance — Tags: Advantage Credit, Bankruptcy Credit, Cards Credit, Credit Cards, Credit Cars, Filing Bankruptcy, Medical Bills — admin @ 4:33 am

Carol D asked:

I am considering filing bankruptcy, I only want to file on credit cards, 1 of my 3 cars, and medical bills. Can I do this without losing my house and a piece of property I want to keep. I have been really sick and I am in a hole I feel I cannot get out of, is there a better way besides bankruptcy.

LOREN

Comments (3)

October 12, 2009

What happens if the banks that offer credit cards fail?

Filed under: Personal Finance — Tags: Banks, Citibank Card, Citibank Credit Card, Credit Cards, Debts — admin @ 6:11 am

blondeqtpie13 asked:

Let’s say a customer owes $4,000 on his citibank credit card. What happens to that if Citibank goes under? Will another bank step in, buy the debts and make the customer pay them? I’m just curious because so many people owe on their credit cards. I know the debt won’t be forgotten, but who inherits the right to collect?

Thanks!

OLLIE

Comments (2)

September 13, 2009

How can one use their credit cards to invest without the investment qualifying as a “cash advance?”?

Filed under: Personal Finance — Tags: Advance Cash, Atm, Cash Advance, Cash Advances, Credit Card Companies, Credit Cards, How To Make Money, Invest, Investment Guru, Investments, Money Card, Rate Of Return — admin @ 2:06 am

Michael P asked:

Everybody knows using a credit card at the ATM or bank will qualify the transaction as a cash advance and cash advances carry a rather high rate. However today I heard a bit on the news;how to make money off of the credit card companies rather than them making it off of you. It featured some investment guru who talked about using available balances on credit cards for investments that have a higher rate of return than the credit card carries. I have a 0% until July 2007 with plenty to invest if I decided to do this, but how would I avoid the cash advance rate if it would be regarded as cash? Are there any investments that would list the transaction as a purchase? Please help, I am confused.

JOSEF

Comments (1)

September 10, 2009

What effect with the current market crisis have on my credit cards?

Filed under: Personal Finance — Tags: Blank Checks, Cards Credit, Credit Card Companies, Credit Cards, Current Market, Financial Troubles, Low Interest Rates, Market Crisis, Zero Balance — admin @ 10:34 am

happydawg asked:

I have several credit cards. Most of them have a zero balance. I do notice the credit card companies keep sending me blank checks wanting me to take advantage of low interest rates theyre offering.
Will the financial troubles have any effect on my credit cards? If so, what?

MICHEAL

Comments (1)

September 6, 2009

Should I up my credit limit on my credit cards before or after I buy my home?

Filed under: Personal Finance — Tags: Credit Card, Credit Cards, New Mortgage — admin @ 3:40 am

Jeremy D asked:

My limits on my credit cards are low and I would like to up there limit but im about to buy a home. Im afraid after the mortgage shows up on my credit my credit card, They will not up my limit due to the new mortgage. So raise the limit now or after?

RICKIE

Comments (10)

August 27, 2009

Can my husband pay off my credit cards before filing for bankruptcy?

Filed under: Personal Finance — Tags: Bankruptcy Proceedings, Cards Credit, Credit Cards, File Bankruptcy, File For Bankruptcy, Filing Bankruptcy, Filing For Bankruptcy, Personal Injury Settlement, Settlement Money — admin @ 7:02 pm

AWW asked:

We live in CA. My husband and I were thinking about filing together for bankruptcy. However, he just received a personal injury settlement that is enough to pay off my credit cards and save my credit. If he does file for bankruptcy it wouldn’t be for a few months from now at least. Can he use the settlement money for this purpose or will this hinder his bankruptcy proceedings?

JACK

Comments (3)

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