Question by Seafoodlover: Is it legal for a creditor to tell you they can’t “secure your loan” unless you give them a post dated check? My car payment was due on the 15th of the month. I have a 10 day grace period. I was unable to pay before the grace period expired this month. [...]
I was going to consolidate two credit card onto a new lower interest card and cancel the old cards. However, I was informed that closing the old cards would not look favorably on my credit report. I thought this was strange as good credit reflects on your credit report for 10 years and keepin the [...]
I have 4 credit cards with approx. $25,000.00 worth of debt on them. I would like to get ahold of a non-profit debt counseling service in order to get rid of the high interest rates and pay them off alot sooner instead of only paying the interest and the over the limit fees. I have [...]
I mean, I understand the concept of building credit and everything, but what is the point of student credit cards? What is the purpose? I’m sorry if this is a silly question, but I don’t really get it. And can you trade them in after you’re no longer a student for a “real” credit card? [...]
I have several credit cards that I have’t used in a long time. Should I close these accounts or leave them open? How will it affect my credit score?