Credit Card Debt Consolidation Tips
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Posted: Thu Jan 13, 2005 12:20 am
Post subject: Credit Card Debt Consolidation Tips
Joan Freeman
Date: 7/31/2000 1:51 pm CDT
I have a situation that you might be able to help me with. My credit history is
squeaky clean with the exception of a $50.00 PAID bill collection. (This
was a misunderstanding that grew to be a disaster. ) They will not remove from
my credit reports. I have a significantly high balance on a Discover Card that I
have been chipping away at. I wanted to consolidate this and a few smaller debts
on another credit account. I applied at AT&T Visa and was declined because of
the collection item. I applied for Nextcard and was declined for the same reason
plus my debt balance to limit ratio. The collection item is scheduled to come
off early in 2001. However, need like to save some money now. I just bought a
new house and need lower monthly payments on my debt. I have pressed really hard
to make sure all payments to my accounts are perfectly on time. Is there any
Card with a decent interest rate that will approve me with this pesky, little
collection on my back. I don't want to do any more spending. I just want to
consolidate to save some money on interest.
If you could recommend something or steer me in the right direction I would
appreciate it.
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 Jan 13, 2005 12:20 am
Post subject: Credit Card Debt Consolidation Tips
dave
Date: 8/3/2000 8:58 pm CDT
a couple of suggestions: (1) contact the collection agency and ask them to delete the item from your report. (2) contact the company that denied you credit and see if they will reconsider. Some will. (3) citibank is offering a 2.9 rate on balance transfers through May, 2001. Hope this helps.
archive
Posted: Thu Jan 13, 2005 12:20 am
Post subject: Credit Card Debt Consolidation Tips
Board Monitor - CA
Date: 8/5/2000 5:27 pm CDT
Dear Joan,
Thanks for your recent inquiry! It will be hard for you to get a low rate card with the collection item on the report. Have you tried to renegotiate with the cable company to have the item removed. Since the item was paid and the amount in question is so little, I would definitely pursue this. This item, as well as your debt to income ratio, is hurting your credit rating. For more info. please visit the following page on our site...
http://www.cardratings.org/creditreport.html
Hope this helps!
Best Regards,
Curtis Arnold
P.R. Director
CardRatings.org
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 Jan 13, 2005 12:20 am
Post subject: Credit Card Debt Consolidation Tips
Joan Freeman
Date: 7/31/2000 1:51 pm CDT
I have a situation that you might be able to help me with. My credit history is
squeaky clean with the exception of a $50.00 PAID bill collection. (This
was a misunderstanding that grew to be a disaster. ) They will not remove from
my credit reports. I have a significantly high balance on a Discover Card that I
have been chipping away at. I wanted to consolidate this and a few smaller debts
on another credit account. I applied at AT&T Visa and was declined because of
the collection item. I applied for Nextcard and was declined for the same reason
plus my debt balance to limit ratio. The collection item is scheduled to come
off early in 2001. However, need like to save some money now. I just bought a
new house and need lower monthly payments on my debt. I have pressed really hard
to make sure all payments to my accounts are perfectly on time. Is there any
Card with a decent interest rate that will approve me with this pesky, little
collection on my back. I don't want to do any more spending. I just want to
consolidate to save some money on interest.
If you could recommend something or steer me in the right direction I would
appreciate it.
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 Jan 13, 2005 12:20 am
Post subject: Credit Card Debt Consolidation Tips
dave
Date: 8/3/2000 8:58 pm CDT
a couple of suggestions: (1) contact the collection agency and ask them to delete the item from your report. (2) contact the company that denied you credit and see if they will reconsider. Some will. (3) citibank is offering a 2.9 rate on balance transfers through May, 2001. Hope this helps.
archive
Posted: Thu Jan 13, 2005 12:20 am
Post subject: Credit Card Debt Consolidation Tips
Board Monitor - CA
Date: 8/5/2000 5:27 pm CDT
Dear Joan,
Thanks for your recent inquiry! It will be hard for you to get a low rate card with the collection item on the report. Have you tried to renegotiate with the cable company to have the item removed. Since the item was paid and the amount in question is so little, I would definitely pursue this. This item, as well as your debt to income ratio, is hurting your credit rating. For more info. please visit the following page on our site...
http://www.cardratings.org/creditreport.html
Hope this helps!
Best Regards,
Curtis Arnold
P.R. Director
CardRatings.org
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 3:48 PM
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