The minimum payment on credit accounts should be used as a convenience only because paying only the minimum could mean you end up paying 3 times the original purchase.
Payment deferment can give you room to breathe If you’re currently having trouble making credit card, personal or auto loan payments. Plus debt deferment can help save your credit scores from late payment marks.
Overwhelming debt is stressful but should you file bankruptcy or enroll in a debt management plan. Both options can provide relief but have a different impacts on your credit scores.
Question I am not late in any of my credit card payments and have never been in over 20 years. I have revolving balances with my credit cards. I reached out to them directly to ask if they would negotiate and settle for a lower balance, if I paid this lower balance in full immediately….
Question: If I have a credit card debt that is past due and I have not made any payments nor responded to any letters to pay and it has been more than 6 years; is this a stale debt and I cannot be sued for it? Answer: The number of years which determines a time-barred…
The first thing you should keep in mind when settling debt with a collection agency is that they have only paid pennies on the dollar for that debt.