Minimum Payment Tips on Credit Cards
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Posted: Thu Aug 12, 2004 2:14 pm
Post subject: Minimum Payment Tips on Credit Cards
kathi
Date: 6/23/2001 10:57 am CDT
i have had excellent credit for years. now my finances have changed. i called the credit card places and only one will lower my monthly payment. credit card servies want too much monthly. i can't afford it. so i started paying lower than the minimum due on 3 of my cards. but i make them every month. do they have to accept this or will i be heading for trouble. kathi
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
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Posted: Thu Aug 12, 2004 2:15 pm
Post subject: Minimum Payment Tips on Credit Cards
Ed Mason
Date: 6/23/2001 1:18 pm CDT
In regards to the less than the minimum payments, they will accept them , but if they are less than the required minimum payment and you have not worked out a reduced payment program or other arrangements, it will not prevent you from being reported to credit bureaus, as past due.. If you are having trouble meeting minimum payments , ect try to contact a CCCS or try working in house with the credit card Companies.. Good Luck
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
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Posted: Thu Aug 12, 2004 2:15 pm
Post subject: Minimum Payment Tips on Credit Cards
Board Monitor-NK
Date: 6/24/2001 10:14 pm CDT
Ed's right. They will gladly accept your payments, however, not paying the minimum amount due by the due date will be considered a late payment and you will be assessed a late fee (the average is now about $29) and you'll begin to ruin your credit.
Try calling your credit card issuers and ask about "hardship" programs they may have. Those late fees will really add up and cause you even more debt.
Hope this helps,
Kat
http://creditexpert.tripod.com/home.htm
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Posted: Thu Aug 12, 2004 2:14 pm
Post subject: Minimum Payment Tips on Credit Cards
kathi
Date: 6/23/2001 10:57 am CDT
i have had excellent credit for years. now my finances have changed. i called the credit card places and only one will lower my monthly payment. credit card servies want too much monthly. i can't afford it. so i started paying lower than the minimum due on 3 of my cards. but i make them every month. do they have to accept this or will i be heading for trouble. kathi
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
archive
Posted: Thu Aug 12, 2004 2:15 pm
Post subject: Minimum Payment Tips on Credit Cards
Ed Mason
Date: 6/23/2001 1:18 pm CDT
In regards to the less than the minimum payments, they will accept them , but if they are less than the required minimum payment and you have not worked out a reduced payment program or other arrangements, it will not prevent you from being reported to credit bureaus, as past due.. If you are having trouble meeting minimum payments , ect try to contact a CCCS or try working in house with the credit card Companies.. Good Luck
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
archive
Posted: Thu Aug 12, 2004 2:15 pm
Post subject: Minimum Payment Tips on Credit Cards
Board Monitor-NK
Date: 6/24/2001 10:14 pm CDT
Ed's right. They will gladly accept your payments, however, not paying the minimum amount due by the due date will be considered a late payment and you will be assessed a late fee (the average is now about $29) and you'll begin to ruin your credit.
Try calling your credit card issuers and ask about "hardship" programs they may have. Those late fees will really add up and cause you even more debt.
Hope this helps,
Kat
http://creditexpert.tripod.com/home.htm
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
posted by CardRatings.com at 12:15 PM
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