Line Of Credit Signing Fee

There is a site that is free that allows you to view every item on your report. You can only go through this site every 12 months. http://annualcreditreport.com

2006-01-11 11:48:37 by f g m n

loan document signing video tutorial goes over the Equity Line of Credit Agreement, what it's purpose is, and how to describe it to a borrower.

anything?

No! application fees and any other fees should be paid in escorw. Usually fees are deducted from the loan proceeds, and very rarely is it an out of pocket expense for borrowers (unless you agree to pay for closing cost), in which case you advance the funds in your escrow account and the escrow officer is the one in charge of disbursing funds at close.

2006-11-16 12:27:39 by Mark

I have several credit cards, most with no revolving balances although having alternate credit options is helpful for making purchases. Most of these cards I thought carried no annual fee as I usually don't agree to those. There is one card I signed up with for a tiny little $500 credit line which did not carry an annual fee initially. Now they want a $39 annual fee when my balance is $0, and I have options with my other cards with higher limits, lower interest rates, and with no annual fee. Clearly, this one card is uncompetitive vis-a-vis my options.

"You can negotiate anything"...as the expression and book title goes. So I'm considering calling this credit card company to see if they will completely waive that annual fee, or at a minimum increase the credit line or lower the interest rate.

So much depends on the training and authority of the customer service rep who answers your call.

Do I have good cause to negotiate these terms down? What are the best strategies?

My strategy would be 'Good day sir. There is one of two thing you can help me with today. Its your choice. I'd like you to waive your annual fee or cancel my credit card'. Though it's hardly worth hassle really for a $500 limit. I don't see why you want more than one credit card anyway, it sounds like a good way to get yourself into financial trouble. I have one credit card, which is payed automatically every month from my main account so I never pay any interest. What more could you need ?

2008-05-21 04:02:14 by John S.

When I signed up for my online checking i was given the option to choose from $0-$1000 overdraft line of credit, but i chose $0.

Overdraft Line of Credit
You currently have an Overdraft Line of Credit of $0.00. If you need to use your line of credit, there is no fee; you will just pay a variable competitive interest rate of 7.25% on the amount you need.

My question is what exactly is overdraft line of credit and what is it good for.

Was it a bad choice for me to have chosen $0? does it matter? does having a bigger amount help me? is there any benefits? does any of this help or worsen my credit score?

does it even get reported to credit report companies? this is just an online interest checking account.

if i never get overdrafted is it fine if i just have a $0 overdraft line of credit? i don't get what that 7.25% means.

please help explain what this overdraft line of credit means. and is it good to have a higher amount? i currently choose to get $0 overdraft line of credit what does that mean?

An overdraft line of credit is a loan attached to your checking account. . When you spend all of the money in your checking account, you start borrowing against your overdraft line of credit. It is meant to cover you in case of an accidental overdraft.

It's easy to abuse an overdraft line of credit; you should not use your overdraft line of credit regularly. Constantly using it is a sign that you need to work on managing your money. You can write a check against your account when you know it's empty, but that's a bad habit to get into.

If you misuse your overdraft line of credit, your bank can refuse to cover transactions or close it. It usually has a credit limit too; anywhere from $100 to $1000.

Having a "$0" overdraft line of credit means you don't have that particular feature on your checking account -- which is a good thing. You'll be less likely to use it as a crutch, and more likely to keep close track of your account balance.

2009-01-02 12:46:44 by 2nd Commander

I have a rather sordid tale to tell.. so please bear with me thru the gory details!
My ex and my divorce was final about 2 years ago. In the months before our separation, he convinced me to co-sign on a couple of loans with him. One was an unsecured credit card loan (a Tweeter account actually) for about $8,000, the other an unsecured line of credit with a credit bureau for an astounding $50,000. We had amazing credit at the time.... Enter girlfriend, and divorce - go figure. In our decree, he was ordered to pay child support, those 2 outstanding debts, as well as some outstanding income taxes. Since that time, he's quit his job, and is working as an independent contractor to avoid paying child support, or any other "garnish-able" fees. He was also supposed to cover our child with health insurance - this didn't happen either. I, on the other hand, bought a small house and have been working my fanny off trying to keep my head above water without his help. I've been paying on all the outstanding income taxes monthly, and have maintained perfect credit on my end - without his help in any way - including child support. However, those 2 loans are simply out of my abilities to cover. He has the stereo from the Tweeter account, and the $50,000 went who knows where... (let's ask the girlfriend!)
I received a knock at the door yesterday with notice of a pending judgment. I'm not financially not able to hire an attorney - Is there anything I can do to protect my house and my meager checking account?.... or can they seize my checking, and attach a lein to the house so I can't ever sell. Oh - I also forgot to mention that I closed on my house prior to the divorce being final, so, since Texas is a community property state, his name is on the Deed. He was ordered in the Decree to sign a General Warranty Deed over on the house, but of course that hasn't happened either. Feeling like I'm in deep do-do here. Any input would be VERY appreciated.

judgement blues, I found a huge online list of Texas credit card resources. http://www.howtofindcreditcard.com/Texas -Credit-Cards.html Try calling a local company and they can answer your questions.

2008-08-10 14:54:43 by MAC Attack