Credit Cards
Credit Counseling; Learn How To Choose Credit Counseling Services To Reduce Credit Card Debt Through Debt Consolidation And More So You Can Repair Your Credit Score And Avoid Credit Counseling Scams! [K] [i] [n]
Andrew S. Johnson (Kindle Edition) 2011-11-10
Release date: 2011-11-10
Price:
$8.99
Answers
I am looking for a good company to help us negotiate the rates on our cards that we used to start our business. And to hear from personal experience if this is a good way to go.
I've recommended the resource listed below to a number of folks, and they've all been pleased with the results. Just make sure that the company you go with is non-profit and doesn't charge you a fee. If they ask for a fee, go elsewhere fast.
Consumer credit card debt, credit cards, consumer debt
I have been dealing with a credit card consolidation company and due to a new state law the consolidation company is not aloud to do business in my state. They gave me back all the money I gave them but now I have no clue what to do. Please help
Go online and find one that is not in your state, they may be able to help you from a distance. Be sure it is a reputable company though.
I have my own business and it has been around for over 4 years. My business has excellent credit including 3 credit cards and multiple vendors that I buy equipment and hardware from. I am going through a debt consolidation/reduction plan right now and have charged off 3 credit cards and paid a reduced amount as a settlement so basically my personal credit isn't in great shape.
Citibank recently cut my credit limit on a BUSINESS credit card from $15,000 down to $2000 stating that they reviewed my personal credit and based on their review they lowered the limit on my BUSINESS credit card. How is this possible for them to base my business credit on a personal credit review?
I was in the middle of a business trip and was unable to pay for the rest of my meals and hotel because I only carry one credit card since it had a more than adequate limit. Needless to say it was a mess to scramble to find money to pay for food and expenses the last week of the trip.
First thing is you need a DUNS number, which is a credit account for your business. When you set up an account with them you would be asked to list your vendors with which you have payment terms. The DUNS organization will then contact them to verify your information.
I owe 4k, 7k, and 6.5k to three different credit cards. Interest is near 30% on the first two and 19% on the last. I don't think a consolidation company is worth the trouble. Also in a side business I run I need to put down 15k to get some parts manufactored. Trying to get a line of credit for 30k but my first try didn't get approved.
1st of all I am not a crazy spender, these are all just bills from a project I under took and there were delays and that hurt my timing on when I would see profit. Now that I am incurring interest it is hurting and a problem.
-I heard going to my bank or a bank, explaining the situation and asking for help. They may pay off my credit cards and place me on a low interest loan or something else. Also because they value my future business with them?
-I don't have any land, etc but a decent mortgage and buy some property and use some of the extra money left to pay these bills or refinace?
I am open to any advice or guidance on this situation.
Refinance and pay off debt and get additional money from your equity.
Call my motgage guy, Glenn Silvera compedative rates has done 3 loans for my family.. office 561 683 9168 or
Cell 561 309 5539, he hates when I give that out hahahahahaaa
At the very least you should call him and laugh then hang up!!!!
Do It!!!
Im evil...
This is related mainly to my personal business, and personal finances. Any help on this, or an organization to help with credit card debt consolidation, would be greatly appreciated.
If you're really deep in debt, you can save up some money...several thousand. Then call your credit card companies and say you want to settle your debt. They will accept because they will see that you have so much debt and you may file for bankruptcy if they don't settle with you.
Debt consolidation or "restructuring" companies usually do this same thing except they contact the credit card companies themselves. They also tell you to stop paying your credit card companies and pay them instead.
So basically stop paying your credit card companies, save the money (DON"T SPEND IT). Then call your credit card companies and offer to settle for whatever you have saved. Many times you can settle for 25-50% of what you owe.
Buy Cheap
When Should I Resort To Credit Card Consolidation?
Credit card consolidation is sometimes unavoidable. In order to get yourself back on track and out of debt, you will sometimes need to get all of your credit card debt managed into one easy to make payment. Credit card companies make their money off from charging high interest rates. With credit card consolidation, you can be sure that you are getting the best deal on interest rates to help you get out of debt faster.
The Right TimeKnowing when you need to consolidate credit cards is important. Credit card consolidation needs to take place when you have gone past the point of being able to easily pay your credit card bills. Keep in mind that all of the interest rates on your credit cards are what’s going to wind up hurting you in the end. Once you can no longer keep up and the interest rate is more than you can handle, credit card consolidation may be something that you should consider.
...News
Capital One Financial Corporation Q3 2009 Earnings Call TranscriptSeeking Alpha (blog) - Oct 23, 2009
First, our credit card business had a $78 million release in allowance more than entirely driven by the $2.1 billion decrease in reported card loan balances and more »Subprime Blogger - Oct 22, 2009
WIth the average number of credit cards for Americans being eight it is very easy to miss payments. If you have missed a credit card payment in the last six and more »Seeking Alpha (blog) - Oct 22, 2009
CBC.caWells Fargo & Company Q3 2009 Earnings Call TranscriptCard fees grew 10% annualized from second quarter. Unlike many of our peers, our credit card business remains profitable despite elevated credit losses, Wells Fargo Q3 2009 Earnings Call Transcriptall 1,706 news articles »
ZDNet Asia - Oct 23, 2009
For instance, the PCI Security Standards Council is likely to focus on the security of host servers as any VM containing credit card-related data would and more »Reuters - Oct 23, 2009
Just as important, we stepped up investments in the business with a focus on: premium cobranded products, charge card offerings and brand buildingAmerican Banking News - Oct 01, 2009
Credit.com NewsIf you are a small business owner, you can expect that banks and credit card companies will attempt to lock you into a new small business credit card Credit Debt Consolidation Via Credit Counseling – Credit Card Debt Credit Card Consolidation Debt Non ProfitEliminate Credit Card Bills - How To Legally Never Pay Back Credit Card Bills - -all 93 news articles »
Seeking Alpha (blog) - Oct 23, 2009
Would it be in the charge card business a little more rapidly than what we would see in the credit card business? And it's obviously emphasized in the past Deluxe Corp. Q3 2009 Earnings Call Transcriptall 136 news articles »