Credit Card Debt
Talk Your Way Out of Credit Card Debt!: Phone Calls to Banks That Saved More Than $43,000 in Interest Charges and Fees
Scott Bilker (Paperback) Press One Pub 2003-03-01
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Answers
I have been abroad a year and I have not been contacted by pinnacle (my bank told me about my debt going to them). I owe about $7500 and don't know how to deal with pinnacle. What should my next step be. Should I just wait for them to contact me or write them a letter? I have not yet checked my credit. I do not have a phone either.
Dude call 1-800-213-9968 and ask for junior ext 112 i owed 30k in credit cards and ended up payng 11,589 in 24 months...
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If you have settled credit card debt with Bank of America, what percentage of the total balance did they accept? My first offer from them was 50%. Thanks!
Look, there is a certain department there that goes as low as 20 cents on the dollar. Email me or send me a message and I will tell you how. How many days are you behind though?
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I'm looking for a good bank company in the UK as I'm a full time student and I need a credit card or debt card. I have looked around but none accept me as they say I need to over 18.
I also have noticed you need to apply to a bank account before you get a credit card?
Barclay's is what my family uses.
You cannot have a credit card until your 18 and over, so of course they won't give you one!
You can however have a bank account with debit card from age 11+ with some banks.
Anyone can also have a bank account and cash card!
Natwest do an adapt account for under 18's and you can have a debit card with that. student accounts are only given to those 18 and over, because they will be in uni or other education. You may be 16-18 and in full time education but you cannot have a student bank account with credit card because your still under 18. Student bank accounts also typically come with an overdraft and maybe even a cheque book which You cannot have because your under 18.
I had a natwest bank account from 12, with debit card, and used it when I went to work full time at 16 BUT I was NOT able to get a cheque book, overdraft or credit card until I was 18!
No point applying to credit card companies or even ANY bank for a crediot card, you won't get one!
Apply for an under 18 account, and when you turn 18 (even if that is only 2 months away) THEN you can go into the bank and ask to upgrade!
Since your family is with barclays I'd suggest you go into a branch and ASK them what they can give to under 18's! Best bet is to always talk to somone face to face. Good Luck!
Due to a family tragedy, my husband and I are currently in $26,000 of credit card debt. All of the payments are current and the cards are paid on time with the accounts still open (we are not still charging, though). We are looking to seriously pay this down before the interest eats us alive. My husband wants to take out a bank loan and pay the cards off that way, but I am wondering about the debt consolidation programs you hear about (I know some of those are scams and some are real). Any advice or experience?
A bank loan will require some form of collateral, like a house. If you can't pay the loan, you lose the house.
Debt consolidation will trash your credit score.
You are better off negotiating with each credit card. Mention to them that you may have to declare bankruptcy due to the high rate and could they lower the rate. In most cases, they would do that.
The credit card account was stopped by the banker in 2003 for nonpayment.The last credit date was August,2003.No debit or credit after that.Whether the Bank has the right to ask to repay after 5 years?What about Law of Limitation?
They can always ask, and they often do banking on your ignorance of the law. After the statute of limitation has expired, you no longer have a legal obligation to pay.
Statutes of limitation on credit cards (open-ended accounts) vary from state to state. It could be as little as 3 or 4 years.
Use the link below. Scroll down to the state by state list of statute of limitations,http://www.creditinfocenter.com/rebuild/ statuteLimitations.shtml
If the debt is indeed outside of statute, send the collection agency a letter stating that you are aware that the statute of limitation has expired.
Send the letter by certified mail, and keep copies for your records.
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Finance And Business | Cut Credit Card Debt in 11 Simple Steps ...
One optimistic outcome from the economic downturn of the past two years is that consumers are paying down their credit card debt.
In November, Equifax reported that credit card debt had declined 7.3% from a year ago. The most up-to-date Federal Reserve Consumer Credit report said credit card debt fell in November for the 14th consecutive month. Revolving credit, the majority of which is credit card debt, has fallen more than $100 billion to $874 billion from $976.1 billion in October 2008.
A number of factors could be contributing to this trend. Millions of consumers have lost their jobs or experienced a hefty decline in income. There also seems to be widespread consumer outrage...
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