How to prevent interest rate for my credit card?

If you pay off the balance every month you will not have any interest applied to your credit card. Another way to avoid interest is to transfer balances to cards that are offering no interest for 6 months (or whatever the time frame is) this is a great free way to avoid paying high interest rates. If you do not have several credit cards, after paying on your credit cards for a few months and are in good standing, if you contact the credit card company usually they will lower your interest rate.

How to prevent interest rate for my credit card?

what are you asking?

Does negotiating with a credit card company to lower your interest rate affect your credit score?

Negotiating the rates on your credit card have nothing to do with lower or higher your credit score .

Your credit score determine the rate. Not the rate determines your credit score.

Does negotiating with a credit card company to lower your interest rate affect your credit score?

No, not at all. The rate does not report on your credit bureau only your payment history, credit limit, and balance owed. There is so much competition with credit card companies if your current card values you as a customer and you have a good record with them they should try to keep you by lowering your rate.

Does giving an insurance company your SSN affect your credit score?

I am shopping around for the best car insurance rates, but the insurance companies need my SSN to give me an accurate quote. Will this affect my credit score if they run my credit to see what rates I qualify for? I don%26#039;t want to get my score lowered!

Does giving an insurance company your SSN affect your credit score?

Quick answer - NO!

I have insurance companies that have 60 %26quot;tiers%26quot; of rates, so your credit %26quot;score%26quot; determines where you fall in the tier rating system.

In no way does this effect your credit rating.

Does giving an insurance company your SSN affect your credit score?

I%26#039;ve heard of insurance companies refusing to cover you if you have a low credit score. I highly doubt it would affect your score since your not seeking to borrow money.

Does giving an insurance company your SSN affect your credit score?

I don%26#039;t think so, they do a %26quot;soft inquiry%26quot; I keep up with my score and never see anything %26quot;hard%26quot;= Opening a new credit card. I%26#039;ve never even seen them on the %26quot;only credit checks you can see.%26quot; IE: American express reviewing your credit every few months...etc

Does giving an insurance company your SSN affect your credit score?

no, it won%26#039;t...

they want it to see what kind of rates to give you - because how good of an insurance rate depends upon your credit with some companies.

Who offers better interest rates for loans credit unions or banks?

Credit Unions do.. but you need to be a member. If you are purchasing through a dealership, often they can help you (the dealer can) to become a CU member!

Mortgages are also better through cus but they are much tougher on your credit! You need a better history and a better score! Usually they only lend to prime borrowers (conforming... high credit score, no mortgage lates on credit, low debt to income ratios).

Who offers better interest rates for loans credit unions or banks?

Credit unions,

Who offers better interest rates for loans credit unions or banks?

CREDIT UNIONS!!!

Who offers better interest rates for loans credit unions or banks?

Credit Unions, but of course it depends on what kind of loan you are looking for.

Who offers better interest rates for loans credit unions or banks?

arizona state saving and credit union

Who offers better interest rates for loans credit unions or banks?

Generally Credit Unions, but some banks offer great deals with large amount of cash. Check out the newspaper.

Who offers better interest rates for loans credit unions or banks?

Credit unions are almost always a better deal. Banks and finance companies can beat their rates sometimes but in the long run you%26#039;ll do better at a CU.

A major benefit of working with a credit union is that they will help you keep from getting yourself in over your head. If a credit union should turn you down for a loan they are telling you that you are too far in debt for your own good. Most of them offer financial planning and education seminars either in house or in partnership with other credit unions. Typically this is free or at a deep discount from prices offered to the general public.

Who offers better interest rates for loans credit unions or banks?

Credit Unions since they are member owned and do not have stock holders to have to pay dividends.

What is the typical rate for good credit on a home equity loan?

Right now it is between 6-7%.

What is the typical rate for good credit on a home equity loan?

Depends on the market. Right now it%26#039;s about 6%.

What is the typical rate for good credit on a home equity loan?

On a 5/1 ARM you can get 6.6% - 6.8% on a interest only loan.

What is the interest rate for Courts credit?

Did you just lose a small claims case? it may differ from state to state, but I just won one here in cali and this is how it is here:

If you dont pay the balance entirely it is 10%.

If you are making payments on a court approved payment plan, there is no interest.

If you default on the payment plan, the entire balance is due immediately and the interest is 10%.

If you dont pay after 10 years, the interest you have accrued will be added into the original principal, and then you will be charged 10% on top of that... And your creditor can reapply for the balance to stay on the books. it also shows up on your credit report.

Whats the typical interest rate on a credit card?

need this info for a paper im doing.. thnx..

Whats the typical interest rate on a credit card?

2, as in 2 high. LOL.

The average interest rate for credit cards is 12 percent.

Whats the typical interest rate on a credit card?

54%

Whats the typical interest rate on a credit card?

There are tons that offer a 0% introductory rate, but after they adjust you are looking at around 10% if you are making payments. You may want to look at the credit card comparison tool on http://getprequalified.com to see a side by side analysis.

You best bet is to alway pay cash for everything and to not get into debt. It is not worth it belive me. I use an American Express that has to be paid off each month. It has kept me out of trouble.

What is the interest rate of icici credit cards ?

hello i am hardeep from icicibank the intrest rate of our bank%26#039;s credit card is 2.90% per month if you have any other question about our bank mail us at md_icicibank@yahoo.co.in

What is the interest rate of icici credit cards ?

credit interest rate of 2.95%

What is the interest rate of icici credit cards ?

2.95% per month

What is the interest rate on your credit card?

Mine%26#039;s 8.99%. Is that too high?

What is the interest rate on your credit card?

Mine%26#039;s 8.99% too.

What is the interest rate on your credit card?

don%26#039;t know don%26#039;t have one don%26#039;t want one.

What is the interest rate on your credit card?

Mine is 0% because I dont own a credit card

What is the interest rate on your credit card?

billy has no credit cards

What is the interest rate on your credit card?

17 (frick%26#039;n) %

What is the interest rate on your credit card?

no that%26#039;s pretty good. mines 7.9%

What is the interest rate on your credit card?

master card 10%

At 23% monthly interest rate on a credit card and oweing $1512.62, how can it be a charge of $57.50?

Is that right?

At 23% monthly interest rate on a credit card and oweing $1512.62, how can it be a charge of $57.50?

If your limit was $1500 then you where charged for an overlimit fee, if you where a day late with payment a late fee

At 23% monthly interest rate on a credit card and oweing $1512.62, how can it be a charge of $57.50?

That doesn%26#039;t sound right. It%26#039;s about double 23%. Does it include late fees or overbalance fees? Is that just the interest or the minimum payment? You should call your credit card company and ask for an explanation.

At 23% monthly interest rate on a credit card and oweing $1512.62, how can it be a charge of $57.50?

It should be around 34.67 ish.....

Was there a late fee? Like the first poster asked? or maybe they require a minimum. Meaning you just cant pay what your interest is, they want you to pay toward principal.

Your interest is basically 35 bucks. So 22.50 more per month has to go somewhere. In fees ect. Just call them and ask where that money is going. It has to go somewhere.

Good Luck.

At 23% monthly interest rate on a credit card and oweing $1512.62, how can it be a charge of $57.50?

maybe the 57.50 is just the minimum payment? - sounds like about 3%

At 23% monthly interest rate on a credit card and oweing $1512.62, how can it be a charge of $57.50?

Is there an over the limit fee or a late fee? I would get this paid off as soon as possible.

At 23% monthly interest rate on a credit card and oweing $1512.62, how can it be a charge of $57.50?

that APR is high and balance is quite handsome. don%26#039;t you think you should transfer to other card with 0% INTRO APR for 6-12months. at least you won%26#039;t accumulating any interest during the INTRO period. anyhow you usually will be charged somewhere around 3% on the balance transfer. you can transfer again when the INTRO period near the end. but make sure check all the term carefully and do some calculation how much you save first before agreeing for a new card.

How do I get credit card companies to lower the interest rate on my credit cards?

Simply by calling them.

A customer rep will answer; tell them that you%26#039;d like to speak to someone to discuss how your interest rates can be lowered. The person (often a supervisor) will review your account and your payment history. If you pay on time regularly, chances are high that they will lower your interest rates.

Typically, they will review your account again in 6 months - so you can call again in 6 months to see if they can lower again your rates.

But it will depend on how good you are in paying your credit. And threatening them that you plan to cancel your account and move to another credit card sometimes helps.

How do I get credit card companies to lower the interest rate on my credit cards?

Call and ask to have the rate lowered. Tell them that you have an offer from a competitor, but you%26#039;re happy with the service and would like to stay if they will simply lower your rate.

Good luck!

How do I get credit card companies to lower the interest rate on my credit cards?

Call your credit card company. If you can further justify a lower rate do so. For example, %26quot;I%26#039;ve never been late on a payment,%26quot; or %26quot;I%26#039;ve been a customer for __ years%26quot; or %26quot;I have a good credit score.%26quot; Simply asking can get the job done, but offering an explanation as to why you deserve a lower rate helps even more. Good luck!

How do I get credit card companies to lower the interest rate on my credit cards?

Call up your credit card company and ask for a lower interest rate... http://www.bankrate.com/brm/news/cc/2002...

Is there a way i can look up a credit card by which credit bureau it uses to rate a person's cr

here%26#039;s the thing... i%26#039;ve checked all 3 credit bureaus and i have good scores and bad scores, so is there a way i can lookup a credit card company by the credit bureau it uses to determine whether to give a card to someone or not? does that make sense? lol.

Is there a way i can look up a credit card by which credit bureau it uses to rate a person%26#039;s credit?

Yes you make sense lol

The first link is to a yahoo group that lists cards by many different ways, one of which is what credit bureau was pulled for what card. You can even look to see what cards pulled which bureau in your state. (every once in awhile a creditor may pull different bureaus in different states) Plus it usually gives what the persons score was at the time of applying.

The second link, if you go into the credit forum, many people talk about what cards they have been approved/denied for, who pulled the inq, what negatives they had on the report etc.

Is there a way i can look up a credit card by which credit bureau it uses to rate a person%26#039;s credit?

just get the credit rating of the person that you may be getting the card for, if the rating is bad then don%26#039;t let him/her have it from you.

Is there a way i can look up a credit card by which credit bureau it uses to rate a person%26#039;s credit?

Usually that information is in the itty-bitty print on the little booklet of fees and charges you receive when you get a new card. If you call the info line on your card they should tell you who they use. Sometimes they use one or all three agencies to assess a credit score.

Is there a way i can look up a credit card by which credit bureau it uses to rate a person%26#039;s credit?

If all 3 of your Credit reports are different from one another you need to dispute and change them so they are all consistent with one another.

Most large banks pull multiple Credit reports so if your reports are different, the lowest score one will be the one considered to make a credit decision.

Is there a forseeable end to the present tightening of consumer credit standards?

In the wake of the current situation regarding large bank write-offs, at what point will lenders again provide consumers with credit that wouldn%26#039;t presently qualify? Not credit cards, but auto loans for example. I%26#039;m in the process of repairing my credit which has a low rating and adverse history.

What macroeconomic factors are involved when determining whether banks and lenders provide credit to borrowers on a large scale?

Is there a forseeable end to the present tightening of consumer credit standards?

Standards not likely, but interests will probably come down again before the end of year. Sorry for your predictament. Hope you have a nice holiday. Factors involved in loosening standards generally precedes or closely follows weakening eco conditions which we seem to be approaching. The Fed%26#039;s two-month ago 2% reduction in overrnight rate didn%26#039;t do the job.

Why do people with no credit history get penalized by insurance companies on their rates?

My aunt has her own home paid for, has never used credit of any kind, is being penalized by auto insurance companies for having what they call a %26quot;no hit credit history%26quot;. if her fico score was higher her rates would be lower. it would seem that she has been more responsible, by not using credit. It is a $400.00 extra charge because or her willingness to avoid debt. and no she does not want any credit cards. are there any insurance companies that just go beyond a fico score and actually ananlize someones net worth as a means to being responsible, how about that she pays her auto insurance in full

Why do people with no credit history get penalized by insurance companies on their rates?

There are a FEW companies - Travelers comes immediately to mind - that will review a %26quot;no hit%26quot; if you explain it to them, by an underwriter. You won%26#039;t get %26quot;top tier%26quot;.

But the BOTTOM line is, most people with no-hits have poor loss experience, or are newly licensed (same thing).

You do tend to see some depression era survivors that do that - don%26#039;t do the bank thing, never borrow money, don%26#039;t have a credit score, pay as they go. HOWEVER, at this point in time, they ALSO tend to be the over 70 set - VERY high risk from an auto insurance point of view. So credit score isn%26#039;t as important, as they%26#039;re going to either 1. get flat out declined from most carriers, based on their age or 2. going to get %26quot;standard rates%26quot; anyway, based on their age.

If she%26#039;s under 65 and has been driving at least 10 years, do try shopping out to a Travelers agent, if they write in your area. If not, call a few local, INDEPENDENT agencies, tell them exactly what you outlined above, and ask if they have any carriers that will consider her situation. If she%26#039;s over 65, you%26#039;re not going to have much luck, sorry.

Paying the bill in full will only avoid the billing charges.

Why do people with no credit history get penalized by insurance companies on their rates?

i would call around to many insurance companies, especially larger ones and meet with an agent. if that doesnt work look for an independent agent that represents many companies. Unfortunately she fell into the category many older Americans do in that computers analyze credit not ages. People with no credit have no record that they will pay their bills. Its a dumb thing they check but insurance companies, like any company, love to find new ways to charge you more.

Why do people with no credit history get penalized by insurance companies on their rates?

Sounds like she is dealing with an insurance company instead of an insurance agent. Have her go to a local insurance company and sit down with an agent to find out her insuring needs. She should not be penalized for no credit.. Only claims really affect the rates.. Unless their at a real yound age then there is no age history. Now I know Farmers Insurance is a conservative company . Give them a try. I think the Farmers Insurance agents carry pride in selling their policies upon a Friendly Review.. Stay away from insurance on line or by 1 800 numbers.. Find a local agent... thx

If I have bad credit, and I do mean BAD... where do I start for repairing it?

I have made some really bad decisions with money in the past and have been completely irresponsible with money to the extent that I can%26#039;t even get a bank account. I need some information on how to go about changing this. I don%26#039;t have much income as of yet, but as soon as both of my children are in school, I am going to be able to go back to work. I just need to know where to start, beyond getting a copy of my credit report (which has a rating of very poor).

If I have bad credit, and I do mean BAD... where do I start for repairing it?

This is what you do.

First...get a copy of your credit report, and start paying off any charge offs, collections, judgements etc. Call each one (start with the cheapest ones), get a payoff, give them your updated name, address, phone and ask them to send you a payoff, and then send them a check sent via certified mail....hold onto all of the documentation like gold.

When you get everything paid off:

Just pay all of your bills on time....I personally set mine up on bill-pay with my bank and I am never late...it is a huge life saver.

In time, you will see the results.

ANYONE can get there....but if you commit yourself, you can get out, one account at a time.

If I have bad credit, and I do mean BAD... where do I start for repairing it?

Start by saving 10% of your pay once you start working. Several banks %26amp; credit unions will allow you to have a savings account, just not a checking account.

Once you have some $$ saved get all 3 copies of your credit report. Contact your debtors %26amp; work out payment arrangements or negiotiate a payoff (if the balance is low enough).

Good luck!

If I have bad credit, and I do mean BAD... where do I start for repairing it?

first off get your credit report and see who you owe money to. Then start seeing if you can make arrangements to pay the money back. If you owe more then 20,000 i would suggest bankrupcty to get you back on your feet. but i have to tell ya they are really tough on what you can put in your bankrupcty. they no longer alow you to put any credit cards on there. it can take up to 2 years before they will give you credit again. Just work on it as best as you can. bad reports stay on your credit anywhere from 7-10 years good luck

If I have bad credit, and I do mean BAD... where do I start for repairing it?

start by paying the debts you have on time.

If I have bad credit, and I do mean BAD... where do I start for repairing it?

Go to the creditboards.com credit forum and read through the threads about how to repair credit. There are right and wrong ways to do it and that site has plenty of information to guide you along. It will take time but it will be worth it.

If I have bad credit, and I do mean BAD... where do I start for repairing it?

Try to avoid bankruptcy at all costs.

First, get a recent copy of reports from all 3 bureaus.

DISPUTE old information first. You will be surprised at how many 2nd and 3rd party debts can be deleted this way. Often times, debt is so old that it has been passed on to other agencies for collection. Check the statute of limitations in your state- there is a max of 7 yrs for something to remain on a report (in my state).

Next, see if you can work out a settlement with the remaining creditors. Usually, they will offer 50% of the original debt to be paid in one lump sum. There are other ways to work with them as well. You may want to keep the accounts that are in %26#039;good standing%26#039; open so that it will reflect positively on your report. Remember a good cushion of credit is important to have but if you close all of your accounts, then the cushion gets smaller and it looks like you have no credit at all.

Finally, save money while you are doing this. Putting a little away will help in the long run.

If I have bad credit, and I do mean BAD... where do I start for repairing it?

You may get your doubts very well clarified from http://moneytips.bestmoneymatters.info . Best wishes!

What does it mean to have a 17.4% interest rate for a credit line of $3000.?

I understand that%26#039;s the interest rate for borrowing funds from a financial institution ? But, what does it mean?

What does it mean to have a 17.4% interest rate for a credit line of $3000.?

It means you%26#039;ll be charged a LOT of interest if you borrow.

What does it mean to have a 17.4% interest rate for a credit line of $3000.?

It means you want to find a lower rate cuz that is more then 17 cents on the dollar.

So for every $100 you use on credit, it is $17.40 interest or $174 per $1,000.00

What does it mean to have a 17.4% interest rate for a credit line of $3000.?

You can borrow up to $3,000 and when you do, whatever you borrow will be charged and interest rate of 17.4%

What does it mean to have a 17.4% interest rate for a credit line of $3000.?

It is the amount of interest you will be charged on your credit card. This is how they do it, let%26#039;s say you max it out at $3000 then 17.4% of that is $522 but you have to divide that by 12 for each month in the year leaving your interest for that month being 43.50. So then your balance would be 3043.50. Then you would have gone over your credit limit and probably be charged a fee for then. So then you add the fee minus your payment amount that you make. So for example lets say you have a $100 balance instead. 17.4% would mean that you take $17.40 because that is the interest divided by 12 for that month of interest which equals $1.45. So then your balance is $101.45. Then minus your payment let%26#039;s say $20. Your new balance is then $81.45. This means that the next month your interest would be $14.17 divided by 12 is $1.18. So then add that to your balance $82.63 and minus your $20 payment which equals $62.63. Then the next billing cycle you add the interest, minus payment and so on and so forth. Hope this helps and isn%26#039;t too confusing.

Can you negotiate the interest rate on your credit cards?

yes

see the FAQ on the first link down but really there%26#039;s plenty of advice throughout if you have time to read:

http://credit-cards.ebookorama.com

http://finance.ebookorama.com

http://credit.ebookorama.com

http://credit-repair.ebookorama.com

good luck!

if it helps please remember me cheers

Can you negotiate the interest rate on your credit cards?

yes

Can you negotiate the interest rate on your credit cards?

not outstanding balances but you can call the credit card companies to negotiate a low rate on a balance transfer.

Can you negotiate the interest rate on your credit cards?

Absolutely. But it%26#039;s usually easier if you have it all paid off. Then you can call them and tell them you want to cancel or that you%26#039;re going to sign up with a different bank if they don%26#039;t lower your interest rate.

Can you negotiate the interest rate on your credit cards?

If you have a good pay history you can call the credit card company and explain that you deserve a lower rate for being a good customer who pays on time. I went from a 21.9 to a 11.9 on by Bank of America Platinum

Can you negotiate the interest rate on your credit cards?

Call your credit card companies and see what they can do for you.

Can you negotiate the interest rate on your credit cards?

Yes, provided that you have no late payments and an established history, most credit card companies do have programs in place to lower your interest rate. A high credit score will also help you lower your rates.

Good luck.

Can you negotiate the interest rate on your credit cards?

You can try... the better your credit rating is and the higher your income bracket the better you will be able to negotiate for what you want as your interest rate.

Can you negotiate the interest rate on your credit cards?

YES, yes, yes! Call your customer service and tell them that you%26#039;ve received an offer from American Express/Visa/Discover offering you 7.99% interest and, although you%26#039;d like to keep your business with their company, the much lower interest rate you%26#039;d receive by switching is tempting. Flat-out ask them to lower it. If the person you%26#039;re speaking with says that they don%26#039;t have that kind of authority, ask to speak to their supervisor. People could save hundreds of dollars a year in interest charges if they would just make the simple phone call!

Can you negotiate the interest rate on your credit cards?

Call up your credit card co. and tell them you got a recent offer for a much lower interest rate and ask your co. if they could give you a similar deal, otherwise you will cancel your credit card and go with the other co.

It may or may not work, but worth the try.

Can you negotiate the interest rate on your credit cards?

I have. All I had to do was tell them to close the account and they lowered my rate after telling me they absolutely could not do it. Another great tactic is to tell them to close the account and you%26#039;ll just use the card you have from such and such a bank.

Can you negotiate the interest rate on your credit cards?

Yes. If you have more than one card, you can leverage one card against another. Do this...

Call company #1 and tell them that you%26#039;re canceling the account. They will ask why. Tell them that company #2 has an interest rate of (something less than #1). Chances are (if you%26#039;re a good customer) they will %26quot;see what we can do to match%26quot;.

If not, then walk. Go to company #2 until you get a deal from #3...

Can you negotiate the interest rate on your credit cards?

If you have a high rate and always pay on time/not always maxed out, maybe. I had a card that jumped to 30% for no reason and after I called it dropped back to 10.5% If you have bad credit or one or both of the above then no.

Can you negotiate the interest rate on your credit cards?

I was able to negotiate the interest rate on my car loan so I would imagine its possible if you but forth the effort

Can you negotiate the interest rate on your credit cards?

Yes, point out the following to the creditors when negotiating:

1) your good payment history

2) how long you%26#039;ve been during business with them

3) what the competitions out there do offer -- such as0% teaser rate.

Can you negotiate the interest rate on your credit cards?

You can negotiate the interest rate if you%26#039;ve made no late payments for a certain amount of time. Different cards vary on their %26quot;time%26quot; - from six months to two years of no late payments....

... amazingly, more often than not, if you call and just ask for a lower payment - they do give it to you. So just try.

Can you negotiate the interest rate on your credit cards?

Yes, you can and yes I have. Call them and tell them you have another credit card offer from another company and they are offering me ?%. Tell them you really would like to stay with the same credit card company but if they cant beat the newly offered interest rate, you will have to consider transferring your balances to the new offer and close the existing account. Ofcourse its a lie, but they dont know that. But, if you%26#039;ve ever been late or over the limit, dont count on miracles. Good luck!

Can you negotiate the interest rate on your credit cards?

Yes, once you have established a good credit standing with the CC company you can negotiate the interest rate. Threatening them that you are about to transfer your balance to another company with a more desirable rate usually works in your favor.

Royce

Can you negotiate the interest rate on your credit cards?

Yes. I have been able to get interest rate reductions every few months. I had old college credit card debt that had higher rates, and I wanted to pay it down faster.

A few months ago, I documented the steps that I took. I hope they work for you. This way, you can do it all on your own without outside help.

Can you negotiate the interest rate on your credit cards?

yeah you can, and if they don%26#039;t switch over to another card

Can you negotiate the interest rate on your credit cards?

I think it depends on how much money you have in the bank and how much you earn currently, and how many assets you own, that you get the credit limit and the appropriate low interest rate. There is no negotiating it on your part. %26quot;They%26quot; make the decisions.

Now if you%26#039;re in trouble and can%26#039;t pay then the credit card company will remove the interest charged and overdraft fees and will allow you to make a payment in one lump paying off the debt but then they will not allow you to open any other credit card ever again with their bank or company. How do they know it%26#039;s you if you return to open another account? They know you by your social security number.

Can you negotiate the interest rate on your credit cards?

As long as you have paid on time for a while and keep well below the credit limit (you can also ask for an increased limit) you can usually get a lower interest rate.

If you barely use your card they may consider giving you a very low promotional rate to get you to use your card more. Just make sure you continue to pay on time, because they%26#039;ll put your interest rate back up if you don%26#039;t. Also, if you want to avoid the non-promotional interest rate, be sure you pay off the balance before the promotional period ends.

Can you negotiate the interest rate on your credit cards?

Depends on how good your credit is. Most banks offer a lower interest rate card for their normal customers. I think it%26#039;s around 10 percent, more of less. If the card is from a department store, good luck. Their rates are fixed and very high. They sucker you in with value points, airmiles, etc. Most people carry some kind of balance which more than covers the little perks they give. Stay to the bank cards and ask for their lowest interest rate. Compare different bank rates also. Even a difference of one or two percent points can mean alot of money over a year or two.

Can you negotiate the interest rate on your credit cards?

Yes, they will. Call customer service and ask them to do that for you. If you have a good record of on time payments, it can be lowered a great deal, it you have a few late payments the key is to ask and then get a supervisor on the phone. Ask the supervisor for a lower rate still. I have has a 21% lowered to 16% lowered to 12%. It can be done just be very persistent.

Can you negotiate the interest rate on your credit cards?

You can. Even if they don%26#039;t want to, investigate refinancing with a loan or new card at a lower rate.

What is a good interest rate for a credit card?

The lowest credit card rates are around 7.99%. But you need extremely good credit, and there%26#039;s other limitations that make them less appealing. For example, the Pulaski Bank Visa card has an APR of 7.99%. But the highest credit limit you can receive is only $10,000. How much money can you really save with such a small credit limit???

The average APR is probably around 11.99%. You can find quite a few offers in this range here:

http://www.asapcreditcard.com/0-apr.html

I would say, if you can get an APR below 15%... you%26#039;re doing pretty good. GOOD LUCK!

What is a good interest rate for a credit card?

Below 8%

What is a good interest rate for a credit card?

Below 8% is tough to get. I have a 730 credit score and am above that. Sometimes you get intro offers at low rates but they always jump up.

Anything 12% or below is good. 12-18% is average. 18%-22%is high, and over 22% is very high

What is a good interest rate for a credit card?

Right now, the best I can get is 14%, but once my credit score improves by about 75 points I am going to see if I can negotiate down to 10%, which I think is fair.

What is a reasonable interest rate on a credit card?

There are some introductory rate specials at under 5%. Anything under 10% is reasonable if you have good credit.

However, the best way by far of using a credit card is to pay the entire balance every month. If you do that, you will never pay any interest, so the interest rate doesn%26#039;t matter.

Personally, I look for the best rewards cards so I can earn rewards on everyday purchases, like groceries and gas. I don%26#039;t care what the interest rate is because I always pay the whole balance. I just care about the rewards.

What is a reasonable interest rate on a credit card?

Alot depends on your credit history.

For most people it should be about 10-15 %

If you have poor credit you could be look at over 20% and you have excpetional credit you may be in 5-10% range.

What is a reasonable interest rate on a credit card?

Rates for cc can range immensely. I would say anything under 12% would be reasonable. However, cc rates should not be variable, always fixed

What is a reasonable interest rate on a credit card?

i do not think there is any such thing as fixed rates on a credit card. you get what they give or look for a better credit card.

What is a reasonable interest rate on a credit card?

It%26#039;s essentially how much you%26#039;re charged by the credit card company to borrow money from them. The credit card company looks at how much you%26#039;ve charged to your card and then multiplies that by the interest rate. The secret of credit card interest is to find the card with the lowest possible fixed rate.

Interest rates go up and down depending on many different factors. If you have a variable interest rate, your credit card company could offer you a 9% rate (cool!) when you apply, then change it to 18% (uncool) in two months. If you have a fixed rate, they can%26#039;t.

Don%26#039;t fall for the whole %26quot;introductory rate%26quot; scam. This means that you%26#039;ll have a nice, safe rate for the first year, and then the company will jack up the rate to some ridiculous number. A reasonable interest rate is anywhere between 5 and 11%.

Also, just a heads up, some credit card companies may list your %26quot;monthly interest%26quot; as a %26quot;finance charge%26quot; on your monthly bill.

apply at: http://www.card-gallery.com/ and enjoy with reasonable interest rates

What is an average interest rate for bad credit home loan?

It can range from 5.5% to 14%

That is the most broad question i have ever read. It is a risk based business. The amount of risk will determin the rate. Hope that helps!

What is an average interest rate for bad credit home loan?

12%

What is an average interest rate for bad credit home loan?

30 year, 600 score 80% 7.5% with prepay

What is a good interest rate on a credit card?

this depends on your credit history, income and what other credit cards you currently have under your name, if any. in my opinion, %26quot;good%26quot; would be anything under 12%. something around 9 or 10% would be great..but most i see hoover around 15% - 20%...which isn%26#039;t bad..its just average.

What is a good interest rate on a credit card?

0%

What is a good interest rate on a credit card?

The lowest rate possible. Make sure the rate will be permanent and not an introductory offer.

What is a good interest rate on a credit card?

oooh i heard this on the radio this morning they say anything under 18% is good because credit card people are making intrest rates higher and they think they shuld put warnings on credit cards like they do on fags.

What is a good interest rate on a credit card?

The new Marks%26amp;Spencer card offers 0% on all purchases for a 12 month period.

You cant get much better than that..!

What is a good interest rate on a credit card?

o% - you can keep moving your card to continue taking advantage of introductory rates - most are for up to a year!

What is a good interest rate on a credit card?

Depends on your credit score. Good score should get 0% for atleast 6 months then low after that. Bad score no more than 17 to even 21%.

What is a good interest rate on a credit card?

around 15-18 percent

What is a good interest rate on a credit card?

credit cards have never been that much good for credit. secondly it all depends on your credit scoring. If it is five stars means from 850 - 980 than you are looking at a rate of 12.5 % but if its down you may get a rate of 29.9 %apr

What is a good interest rate on a credit card?

big fat zero

What is a good interest rate on a credit card?

I have a fixed 11.9% on my Chase Visa. I think that%26#039;s good.

What is a good interest rate on a credit card?

0% is very good.

What is a good interest rate on a credit card?

0%

What is a good interest rate on a credit card?

0%. If it%26#039;s any higher don%26#039;t get one - use cash instead.

What is a good interest rate on a credit card?

u can get .99%..ABN AMRO BANK

What is a good interest rate on a credit card?

6-9%

What is a good interest rate on a credit card?

Many credit card companies offer an introductory 0% for up to the first year. However, it%26#039;s best to avoid their interest rates in the first place - try not to spend more than your budget, so that you can pay the balance in full each month.

What is a good interest rate on a credit card?

A typical %26quot;low%26quot; rate is around 18%. The best thing you can do is always pay your balance in full on time. Credit card companies make most of their money from late fees, overage charges and, of course, interest. If you are consistently late, they can, without warning, raise your interest rate. The worst thing you can do for your credit rating is constantly transfer from one card to another to another. The BEST thing you can do for your credit rating, if you must use credit cards, is keep your balances low and pay on time.

What is a good interest rate on a credit card?

Of course 0% is perfect but not terribly realistic, excpet for an introductory period or balance transfers. You shoould expect a good rate to be from 10-14% or prime plus 2% or similar type of calculation. over 20% is not a good rate, you can find better with good credit. 15-19% is fairly normal but you asked what is good.

What is a good interest rate on a credit card?

i got one of 12.9%

What is a good interest rate on a credit card?

It depends on how good your credit is. I have two cards that i use one at 9% and one at 11%. It is usually best to get your card through your bank or credit union they give better rates.

What is a good interest rate on a credit card?

0%

What is a good interest rate on a credit card?

well 0% would be the best, but unlikely rate

realistically you can see them advertised from 15.9% upwards

I seem to remember seeing on at 12.9% but cant remember where, so i may have been dreaming.

most of them do interest free (0%) periods, so look for a long period followed by a low interest rate

What is a good interest rate on a credit card?

16.9% or say about 10.5%

What is a good interest rate on a credit card?

CUT THE BLOODY THING IN HALF AND THROW IT AWAY

What is a good interest rate on a credit card?

0%

if you have time here%26#039;s much explanation on types of cards and how to find one that%26#039;s likely to suit you:

http://credit-cards.ebookorama.com

How does bankruptcy affect interest rates on loans? Credit cards?

bankruptcy affects your credit score, essentially reducing it to the lowest possible. The lower the credit score the higher the interest rates on all type of credit, assuming a creditor will even lend to you.

How does bankruptcy affect interest rates on loans? Credit cards?

Filing bankruptcy will essentially knock you out of the running for any type of credit. If a bank will even look at you for credit issues they will charge you sky high interest...in the 20-30% range. Not worth it.

How does bankruptcy affect interest rates on loans? Credit cards?

If all people to whom the banks have lent money become bankrupt the bank would run into loss and to come out of red bank has to increse the lending rates . Simplified answer

If any singele person becomes bankrupt then he becomes a risk for any further lending . He may once again become a spendthrift or gambler or risk his borroowed money recklessly since it is borrpowed mony. In such cases the rates willo be higher.Infact many would not even risk at higher rate.

How does bankruptcy affect interest rates on loans? Credit cards?

Don%26#039;t listen to advise that is not based on life experience.

A repossession or foreclosure is much worse than bankruptcy. Creditors know you cannot file for another seven years.

Fact: I purchase a new car through Ford Credit at 3.9% just two years out of bankruptcy

Fact: I financed a home Mortgage at 6.25% just two years out of bankruptcy

Fact: I obtained mid 600 score just two years out.

If you want to know how bankruptcy changes your life...talk to someone who%26#039;s been there...twice. (divorce, divorce,divorce). Idiots giving advise about which they know nothing abound.

But heres the thing, you need to monitor your credit reports closely for a couple of years after wards. And go to the bookstore and purchase %26quot;Guaranteed Credit%26quot; by Arnold S. Golstein

Whats the lowest prime interest rate for poor credit?

The bak would not give the prime rate with people with bad credit. You have to contact the mortgage or loan broker that would be able to find the lowest interest rate that can be offered to you.

Whats the lowest prime interest rate for poor credit?

The prime interest rate is the same for good or bad credit. It changes with the Fed. Points are added to this when you get a loan depending on your credit.

How does bankrupty affect interest rates on loans? Credit cards?

It should have no bearing on simple interest loans already originated. It could have a dramatic impact on your credit cards since they are constantly scrutinized interest rate wise. PS...thoroughly do your homework before ever considering bankruptcy. It will be very long lasting and if its a chapter 13 you will be forced to pay back what you have borrowed anyway thus making it veritably worthless.

How does bankrupty affect interest rates on loans? Credit cards?

Can%26#039;t get any new ones...

How does bankrupty affect interest rates on loans? Credit cards?

I think bankrupcy leads to you not being able to get any credit at all, as far as I%26#039;m aware.

How does bankrupty affect interest rates on loans? Credit cards?

you are going to get higher interest

How can I get a credit card with no credit history? I just moved to the States and I have SSN and a

The only thing I don%26#039;t have yet is a drivers license. Does anyone know any Credit Card companies that would accept an application of someone with no credit history with low rates.

Thanks for your answers all!

How can I get a credit card with no credit history? I just moved to the States and I have SSN and a job.?

I know I used secured loans to build my credit. Most local banks would basically lend you $500 or more, if you put that amount in a savings account at their bank. The payments for the loans are just taking out of that money you put in the savings account.

Basically, you give them $500, they give you $500. 6 months later, you have some great credit on your bureau!

Driver%26#039;s Licenses aren%26#039;t needed - not everyone drives. What you WILL need, though, is a State ID - you can get them at the same place as a Driver%26#039;s License, but you don%26#039;t have to take a test... having one means you are who you say you are, but you can%26#039;t drive with it. I would really suggest getting a State ID, you need it for just about anything in the US.

How can I get a credit card with no credit history? I just moved to the States and I have SSN and a job.?

Get a prepaid credit card, after a while your credit builds

How can I get a credit card with no credit history? I just moved to the States and I have SSN and a job.?

Yes. from what i remember you can get a secured credit card, its those credit cards that work with a savings account. You put around $500 in one of their accounts and only use up to $500, then pay it back.

How can I get a credit card with no credit history? I just moved to the States and I have SSN and a job.?

Go to your local bank and ask for a secureline credit card. You have to front the money....say $500.....but it allows you to establish a credit history.

How can I get a credit card with no credit history? I just moved to the States and I have SSN and a job.?

The best way to establish credit is to have a checking account that is in good standing. You need to be at your job for at least six months. If you%26#039;re renting, you must pay on time,same thing with your utilities. The other best way to get a credit card is to work for a bank, specially if your new in the country. Other alternative is to work for department stores,you also get discounts on merchandize.

How can I get a credit card with no credit history? I just moved to the States and I have SSN and a job.?

This website will help you if you have no credit history, even if you have bad credit. For reals, visit http://www.findmycreditcardonline.com/

How do i figure interest rate on a credit card?

Your bill should show what the interest rate is for that Particular card. It should also show the daily rate. It should also show number of days in billing cycle. Multiply your beginning balance by the daily rate and then by the number of days in cycle. This may not be right on the button but will be close. Also there should be a toll free number you can call to answer your questions.

I just got a credit card that has a 9.99 percent interest rate and a credit limit of $4000. If I put

it, how do I work out how much interest it will cost me? Say, if I take a month to pay it back, how much would the interest be?

I just got a credit card that has a 9.99 percent interest rate and a credit limit of $4000. If I put $285 on?

It depends on your grace period, look in your terms and conditions of the card agreement and you will see if you have a grace period on purchases as long if you pay the balance back before this amount of day then you will not be charge any interest. I hope that this has helped you answer your question! Best of Luck

As for syllylou%26#039;s answer you are wrong on you analogy for the balance of $500.00 with 9.9% you were figuring the interest at 9.9% every month and that%26#039;s not a monthly rate that is a yearly rate when you want to figure you interest on your credit card the 9.9% is you Annual Percentage Rate so you would take your balance times 9.9% and then divide that by 12 to get what you monthly interest charge would be example below

Balance of $500.00

month 1 interest is $4.12

Payment of $50.00

Balance after 1 month equals $454.12

month 2 interest 3.75

Payment of $50.00

Balance after 2 months equals $$407.87

month 3 interest $3.36

Payment of $50.00

Balance after 3 months equals $361.23

and so on and so on

I hope that this answer will also help others figure out how to figure what their credit card interest should be! Best of Luck to all.

I just got a credit card that has a 9.99 percent interest rate and a credit limit of $4000. If I put $285 on?

as long as you pay before the deadline, nothing

I just got a credit card that has a 9.99 percent interest rate and a credit limit of $4000. If I put $285 on?

Its peanuts. 285 x9.99 per annum is 28.20 a year divided by 12 =about 2 dollars 35 a month.

I just got a credit card that has a 9.99 percent interest rate and a credit limit of $4000. If I put $285 on?

No penalty if you pay on time. But if you don%26#039;t it%26#039;s 9.9 % on the balance. If there%26#039;s a balance the following month it%26#039;s 9.9% again. That%26#039;s how people get in trouble. They pay the bare minimum each month %26amp; the interest keeps getting tacked on every month to the remainder.

Say you borrowed $500 at that rate %26amp; only paid $50. a month %26amp; never charged anything else. At the end of 12 months you%26#039;ve paid $600. and still have a balance of approx. $371. (or more than half of what you borrowed) %26amp; still having 9.9 % added on each MONTH until paid. Not yearly. That%26#039;s why credit card companies make so much money. Most people think in terms of costing only 9.9% more. That%26#039;s only true when the balance is paid w/i 30 days.

So if you have a high balance %26amp; only pay the minimum it can be years before you even begin to pay off the principal. As all payments go to the interest first.

To me it%26#039;s not worth it short of dire emergencies. My parents owned their own home %26amp; never used credit. They bought it on land contract as did hubby%26#039;s.

Credit is little more than a way to make someone else richer so you don%26#039;t have to save to buy something. I only use it for emergencies.

I made the mistake of getting a $6,900. loan at 11% interest. It will cost me $108. a month for 10 years. So basically I%26#039;m paying $12,960 or just shy of twice as much. Ain%26#039;t much of a deal now is it?

I just got a credit card that has a 9.99 percent interest rate and a credit limit of $4000. If I put $285 on?

Not much at all. But it will improve UR credit.

I just got a credit card that has a 9.99 percent interest rate and a credit limit of $4000. If I put $285 on?

Small steps like paying your bills on time and using only part of the credit available to you. Also use your credit cards for making small payments regularly, so that it is reflected in your credit record. More tips available at http://www.acreditlibrary.com/buildcredi...

What is the highest intrest rate on a credit card that you have payed?

what is the highest that you have payed

What is the highest intrest rate on a credit card that you have payed?

32.5% with Radio Shack.

What is the highest intrest rate on a credit card that you have payed?

a whomping 29% with aspire credit card.

stay away from them.

it%26#039;s my own personal nightmare.

What is the highest intrest rate on a credit card that you have payed?

Are you having credit problems? If so, you can get some great solutions at http://www.your-credit-solution.com/cred... and then you will be able to qualify for a low interest loan or credit card.

What is the highest intrest rate on a credit card that you have payed?

11 % but I have heard of a lot higher.

What is the highest intrest rate on a credit card that you have payed?

My Macy%26#039;s is 22%

What is the highest intrest rate on a credit card that you have payed?

24% at a store charge card, though I always pay it off so I don%26#039;t actually PAY interest on it.

What is the highest intrest rate on a credit card that you have payed?

24.99 %

What is the highest intrest rate on a credit card that you have payed?

i have one 14.99% and one at 23.99%

What will be my interest rate if my credit score fall in the 650-700?

if i need a loan for mortege

What will be my interest rate if my credit score fall in the 650-700?

Part of this depends on the $$ of downpayment you have...if you can provide 10% down, the interest will be less. But, with the score below 700..it will be somewhat higher not matter how much you put down. Make sure you shop for rates....remember....any number of inquiries can be made on your credit within a 2 week period of time..as long as they are all for the same purpose..it won%26#039;t harm your credit score...but, if you drag it out....the more inquirires you have..the lower your score will go....Good Luck!

What will be my interest rate if my credit score fall in the 650-700?

with a credit score below 700 you might be looking at a little bit higher but not by much shop around and find the best interest rate that you, most banks will allow you to prequailfy and sometimes if you are planning on buying soon they will lock that rate in for you! If you are planning on buying soon and your credit score has not gone down yet I would look into finding out if you can lock in a rate now before it does! Best of Luck!

What will be my interest rate if my credit score fall in the 650-700?

For a reliable, and best advice. Why don%26#039;t you send this question to %26#039;suzie orman%26#039;!

What will be my interest rate if my credit score fall in the 650-700?

Check out the site below, It might help you.

What will be my interest rate if my credit score fall in the 650-700?

check with your local credit union - rates and fees are lower.

There is more to your credit thatn just score (ie installment credit, job time, income, etc.)

What Is The Bst Credit Card For A College Student?

no i%26#039;m not getting a credit card to go shopping, my mom taught me all about money management pus i have my own bank account. i want the card for emergencies. so i probaly will hardly ever use the card, but i want something that will help build my credit but low interest rates, and not one that will penalize me for not using it. (i heard some companies do that) also i have $2,300 in student loans if thatmakes a difference. or do you think i shouldn%26#039;t get a card. why or why not SERIOUS answers only please, i don%26#039;t need a lecture. and i%26#039;m 19 g

What Is The Bst Credit Card For A College Student?

Just make sure that you read the fine print. I opened my credit card for 12.15% and the APR is now 10%, though I%26#039;d qualify for lower through another card, I don%26#039;t find it to be necessary.

The student loans should mean that you have a credit history. If you have a credit union, try to get your credit card through them because they tend to have the best terms. You should probably use the card for a few small purchases each month instead of a debit card or cash and pay it off to start building a credit history.

Using a credit card doesn%26#039;t make you irresponsible, but spending money you don%26#039;t have (unless it%26#039;s an emergency) does. Best of luck!

What Is The Bst Credit Card For A College Student?

Alot of banks offer such credit cards for people who are trying to build credit but they will not come with a low interest rate. But you have to give if you want to take. At my bank they have a college visa (only for studenst) for 14.9% and an opportunity visa (for anyone who wants to build credit) at 14.9%. These cards have a 25 day grace period, meaning if you pay off your balance in full within 25 days you will pay no interest, so the interest wont even matter. Not bad if you are wanting to build credit.

What Is The Bst Credit Card For A College Student?

go to myfico.com and it will help u pick a card for u

What Is The Bst Credit Card For A College Student?

There are no good credit cards while you are in college due to all of the credit card companies want something from you for borrowing their money. Most cards also charge fees just for having the card every year. Please note the fine print on the application before you sign up.

What Is The Bst Credit Card For A College Student?

I have placed this in the source box. There is a wealth of information there and a great free debt management software program. I bookmarked the site as I return to it often for the advice it offers. I hope this helps you.

What Is The Bst Credit Card For A College Student?

In today%26#039;s academic world, most students need a college student credit card and the good news is that the offers for these are plentiful. Many creditors are very anxious to have the new college student apply for and get approved for a student credit card, because they realize that if they can strike up a good relationship with this customer at this young age, then it is highly likely that they will be their customer for life. And make no mistake about it, the credit card industry is making money hand over fist these days, especially since very few consumers pay their entire bill in full at the end of the month, so all those interest charges add up.

But the ease of getting a college student credit card is also the bad news because many college students have not yet learned responsible financial management. The temptations when a student is away from home, living in the dorm or an apartment, are tremendous 閳?spending a little here to have a night out at the bar or dance club, spending a little there to chip in for a keg of beer, whipping out the plastic to get airline tickets (even though they are a great deal) for the spring break trip to Florida, and the list goes on.

What happens is that the student is tempted to view this as %26quot;free money%26quot; since there are not dollars bills floating out of his wallet at the time of the purchase, so it almost seems like they are getting something for %26quot;play money%26quot;. But make no mistake about it, there is nothing fictional about the fact that this student has just racked up some charges on that college student credit card, and it will be a taste of stark reality when he starts to get calls from the credit card issuer asking for payments to be made on time. Read more about choosing a best credit card for college student at : http://www.credit-card-gallery.com/artic...

What Is The Bst Credit Card For A College Student?

%26quot; Go for a rewards Credit Card:

Reward credit cards reward you when you spend on the credit card. Normally, you can collect rewards through 3 ways.

* It involves earning cash back on the card, it depends on the amount you spend.

* Next one involves giving points to the customers. They can be redeemed for gifts like cosmetics, shoes, water heater, mobiles and other goodies which the credit card company offers.

* The last method of reward is providing airmiles. Airmiles are highly popular reward, as many customers like to redeem them for free flights or flight upgrades. Whatever type of reward credit card you opt for, carefully note the amount or rate at which rewards will accrue and also read carefully other terms and conditions.%26quot;

What Is The Bst Credit Card For A College Student?

Capitol One....they are a great company! They will start you off low too.

What are some interest free loans? Can you get any of them with bad credit?

I know a lot of places say you can get a loan with bad credit, but I believe the catch with these places is that you can still get the loan with bad credit, but your interest rate will just be high. So I have 2 questions. First, what are some interest free loans? I know there are some because I asked and somebody said there are some, but they did not tell me what they are. Second, can you get any of the interest free loans with bad credit and still be able to have no interest? And if not then what is the lowest interest rate loan you can get with bad credit? I do not have bad credit, I am just asking.

What are some interest free loans? Can you get any of them with bad credit?

Interest FREE?

I seriously doubt that, as there%26#039;s no profit in it.

I%26#039;m pretty sure the only way to get an interest free loan is from your parents.

Should I pay off my credit cards or keep the cash so I can use it as a down payment on a property?

Bascially I feel as though it%26#039;s more important to have cash available for opportunities that come along and I%26#039;m not against paying interest on credit cards if the rate is less than 6 percent (balance transfer rates). But I don%26#039;t know if it%26#039;s more important to have cash on hand or no debt.

Should I pay off my credit cards or keep the cash so I can use it as a down payment on a property?

have cash on hand. you never know when an emergency or unexpected repair will happen.

Should I pay off my credit cards or keep the cash so I can use it as a down payment on a property?

I would pay off the credit cards.

Should I pay off my credit cards or keep the cash so I can use it as a down payment on a property?

you want a low debt ratio when applying for a home loan.

Should I pay off my credit cards or keep the cash so I can use it as a down payment on a property?

try and pay some of the credit cards of first, it will benefit u in the furture.

Should I pay off my credit cards or keep the cash so I can use it as a down payment on a property?

Too bad money doesn%26#039;t come with an instruction manual. If you go to buy a house/property they%26#039;re gonna do a credit check on you anyway and see everything you owe, so all that cash in hand won%26#039;t do you any good if people see you have a lot of debt.

Should I pay off my credit cards or keep the cash so I can use it as a down payment on a property?

Pay off the credit cards.

If a really wonderful opportunity comes your way - you have the credit to grasp it.

Should I pay off my credit cards or keep the cash so I can use it as a down payment on a property?

Always good to have cash available to take advantage of opportunities. But consider this---give yourself a time limit by which you will find a way to invest the cash--maybe 12 months. Because cash has a very low yield, and you cannot deduct credit card interest.

Should I pay off my credit cards or keep the cash so I can use it as a down payment on a property?

It is best to pay off your credit cards. Eliminate the interest. Then once they are paid off create a savings plan and place the monies that you were paying off your credit cards into a nontouchable savings account. Once your credit is cleared up find a FSBO and buy it with very little down and make the payments. Then you will be set up to flip the property take the equity and reinvest in a nicer one and so on. It takes time but you are not flushing your money down the Credit Cards toilet.

Should I pay off my credit cards or keep the cash so I can use it as a down payment on a property?

Provided the monthly payments on the property wont affect your ability to pay your credit cards monthly, you may benifit. You may be able to get a 2nd mortgage at a lower rate than what you are paying on the credit cards and the interest is usually tax deductable. You also have to look at how much the property value would be expected to increase over a few years, if you are looking at the property as an investment. In a couple years you sell the propery, your credit cards could be paid and have cash in your pocket.

Should I pay off my credit cards or keep the cash so I can use it as a down payment on a property?

Invest in a home business you can work part-time, earn more income use it to pay off credit cards. ratio will be better if your income is more. check out my 360 and if your interested in my home busniness call me.

Should I pay off my credit cards or keep the cash so I can use it as a down payment on a property?

Pay off all your debt before purchasing a home. Purchasing a home will add to your debt, besides the mortgage....keep some cash, but save money by paying the credit cards...

Should I pay off my credit cards or keep the cash so I can use it as a down payment on a property?

Well.... depending on how many Credit Cards u got to pay off... (ex. 1 to pay off.. ) u can pay ur visa debt off with ur mastercard, then repeat

Really, you should pay off the credit cards, because it says %26quot;CREDIT%26quot; which means not paying it could make you lose this propery you want to buy

Should I pay off my credit cards or keep the cash so I can use it as a down payment on a property?

keep cash

Bad credit in need of help?

Me and my wife were in serious financial trouble However we went to a web site THELOWERLENDER.Com and they saved us!!! They helped us with our credit and had our rate come down significantly while putting money in our pocket! If you are having Financial difficulty or need to lower your monthly payments I strongly suggest www.TheLowerLender.com

Bad credit in need of help?

I strongly suggest you stop using credit and start paying your bills.

Should I take a 401k loan to pay off my credit card debts?

I have credit card debts equal to 15% of the value of my 401k. I can take a loan from my 401k and pay it back over 5 years at 8.5%. Currently my credit cards have a rate 3-5 percentage points above that. I am 30 years old and contribute the max to my 401k. My feeling is that I might as well be paying the interest to myself instead of to the credit cards. Also I am 25-30 years away from retiring. I can use the money I save from paying my credit cards each month and start a Roth IRA and/or invest it in mutual funds and stocks as well as college plans for my daughter. I also have money in mutual funds that I could liquidate to pay my credit cards. What do you think is the best option? I figure I am young enough where this is a good option because I know you really are not supposed to use your 401k for loans

Should I take a 401k loan to pay off my credit card debts?

You already answered your question.

Your retirement account is JUST FOR THAT.

The only exception that makes sense is to take out a 401(k) loan as a down payment on your first home which is another 30 year investment program or for a hardship such as a physical disability where you have no %26quot;emergency reserves%26quot; to even survive --%26gt; there is no need in being disabled AND homeless.

Taking out a loan on a 401(k) for a down payment on a home makes sense because both assets (the home and the 401(k) account are long-term assets).

Taking out a loan on your 401(k) to handle personal debt is a usually a recipe for disaster -- especially when you know full well that you might charge the cards back up should an emergency arise.

If you are that PRESSED to pay off the credit cards, just get a personal loan (not a home equity loan) to consolidate your debt.

You are doing the right thing WITH THE WRONG INSTRUMENT.

You don%26#039;t pilfer your nest egg unless you are buying something that is a sure-bet to appreciate over DECADES.

Good luck.

Should I take a 401k loan to pay off my credit card debts?

First I am glad to hear consumers thinking like this.

This is an excellent idea given your situation. Paying 8.5% beats 11% every day of the week...and if the whole thing will be paid in 5 years it is better than amortizing the debt into the home over 30 years. This is a prudent method of debt consolidation that will work IF you put the cards in dry dock.

I write a blog on the subject of credit management, mortgages, real estate trends, etc. Check it out for more information that may be helpful.

Should I take a 401k loan to pay off my credit card debts?

This is what I would do. Do not touch your retirement accounts. Next take a calendar and with each bill divide the minimum payment into 2 payments. Every 2 weeks mark down on the calendar the 1/2 payment for each bill. This is what you will pay the credit card companies. This will cut the interest in half. Credit card interest are calculated on a 28-day cycle. By paying on a bi-weekly basis or bi-monthly you are reducing the cycle down to a 14-day calculation. Also, this will raise your credit scores dramatically. The money that you are saving each month doing it this way you can place into that Roth IRA or college fund. Another thought to ponder is credit cards have a 35% threshold. You never want to spend anymore than 35% of your credit limit.

Should I take a 401k loan to pay off my credit card debts?

settle out the debts and pay back half if you can qualify at www.fdnsolutions.com

Should I take a 401k loan to pay off my credit card debts?

Don%26#039;t take the money out of your 401(k). The money you have in it now is the most expensive to use because you will lose the benefits of compounding. $1,000 in the account today that is taken out and replaced in one year at 8.5% will cost you a lot more than you thought in the long run.

$1000 invested today at 8.5% compounded monthly for 30 years will be worth $12,692.50.

That same $1000 invested one year from now at 8.5% compounded monthly for 29 years will be worth $11661.70.

You lose $1,030.80 ; which is the loss of compounding that $1000 of 401k money for 30 years versus 29 years. Almost any other option is better.

Should I take a 401k loan to pay off my credit card debts?

NO, NO, NO.....truly.....don%26#039;t touch your 401K....just because you can, doesn%26#039;t mean you should........really.....

Just temporarily stop your contribution and throw that monthly amount, plus anything extra toward your debt........its only temporary and you don%26#039;t lose out anything......

%26quot;You are NOT just paying yourself the interest%26quot;.....that is wrong.

Take your medicine - which is stop contributing to your 401K....suck it up ....and be permanently done with it.....

I would liquidate non retirement accounts (mutual funds) to pay off crappy consumer debt, but don%26#039;t touch your 401K.....don%26#039;t ....don%26#039;t ....don%26#039;t....

Home equity or line of credit to fund college education?

We have plenty of equity in our home and my sons college tuition will be approx. $30000/year. Should I take out a home equity for the estimated 4 year costs, or take out a home equity line of credit and hope interest rates stay low?

Home equity or line of credit to fund college education?

Loan....never line of credit.....The apr will change on a line of credit.

Home equity or line of credit to fund college education?

Student loans.

They can%26#039;t take away his education, regardless of whether or not the bills get paid. They can, however, take away your house.

Home equity or line of credit to fund college education?

Take a Home Equity Line of Credit. That way you can take it as you need it. The bank that I work for offers locks on the lines of credit. So you could take out 30k this year and lock in a rate and term then you would be able to do the same over the next 3 years. :)

Monetary policy affects: social spending, tax rates, the available credit, the antitrust laws?

Monetary policy affects EVERYTHING. For some real insight into just how read %26quot;The Creature from Jekyll Island%26quot; by G. Edward Griffin. The creature is the Federal Reserve Bank, which is neither Federal nor is it Reserve. It was creaed at an ultra secret meeting of the wealthiest men of Europe and the US as a means to conrtrol US banking, line their own pockets, and consolidate their power over the people. These are the guys who really pull the strings in the US and throughout the World. Don%26#039;t miss this book. It will change you, and hopefully, if read by enough of us, enable us to take back control of our world. The author does give some worthwhile suggestions.

The meeting was held in 1910 on Jekyll Island, one of the barrier Islands off the coast of Georgia---thus the intriguing title of the book.

Monetary policy affects: social spending, tax rates, the available credit, the antitrust laws?

All but anti-trust laws, but I could make an argument for that as well.

How do I lower my interest rates on my credit cards since I have high balances & I want to pay t

Just call them, tell them that you are getting balance transfer offers with much lower rates if you open a new account. Tell them you don%26#039;t want to change companies but will have to if they can%26#039;t offer you a better rate. Every time I have ever asked they came up with something. I noticed one card jumped from 9 to 20 so i called and i ended up with 7.9 fixed forever. There%26#039;s better offers for shorter terms but opening new accounts is a recipe for disaster.

How do I lower my interest rates on my credit cards since I have high balances %26amp; I want to pay them off fast?

http://www.bloggingawaydebt.com/2006/08/...

How do I lower my interest rates on my credit cards since I have high balances %26amp; I want to pay them off fast?

If you can be approved for one, there are plenty of credit cards out there that give you 0% on balance transfers for one year. Sometimes cards will offer a low rate (2-3%) on balance transfers until the balance is paid off. That would be your best bet if it will take you a while. If you don%26#039;t want to open a new account you can always call customer service for your current cards and ask them to lower your rate. However, they usually won%26#039;t lower it past 5-7%.

How do I lower my interest rates on my credit cards since I have high balances %26amp; I want to pay them off fast?

pay them off and then ask for there rate to be lowered

What is the effective annual interest rate on revolving credit if firm does not use it?

this is a question in my fiance book for a class I am taking for corporate finance. I have read the chapter and can%26#039;t figure out how to get this answer.

What is the effective annual interest rate on revolving credit if firm does not use it?

zero

How can I lower the interest rates on my credit cards?

I have cut up my cards, but paying way too much in interest. Can%26#039;t affors the payments.

How can I lower the interest rates on my credit cards?

the best way to lower your rates is simply to ask. when you call the credit card company tell them that you have been looking at other credit cards with lower rates and you were wondering if they would match it. if they say no to that, ask to speak with their supervisor and ask them the same thing. then if that doesnt work switch to another with a lower rate and transfer your debt to that one.

also, im not sure if a lot of people know this. but the reason that the rates got so high in the first place is usually due to late payments. so the best way to keep your rate low in the first place is to always make your payments on time. they can start to jack up the rates with as little as one late payment and they dont need to give you notice.

hope that helps you

How can I lower the interest rates on my credit cards?

Ask the lender to lower the rate or you%26#039;ll switch to another card. There are always lenders who will offer low introductory rates (believe me, I get three or four in the mail every week).

How can I lower the interest rates on my credit cards?

Call the card companies and ask for a rate reduction. If you have been a good customer they should comply.

The other option is to go to a consumer credit counseling agency, and they will get the companies to reduce rates, and set up a payoff plan.

How can I lower the interest rates on my credit cards?

its up 2 credit card company

because we cant lower the intrest rate charged by them

Can someone please explain annual percentage rates to me (credit cards)? What is the diference betwe

that has 9.99% A.P.R, one that has 24.05%, one that has 20.15% and one that has 24.9%? I realize they have diferent values but which one should I get? I%26#039;d guess the 9.99% one, but why? What is A.P.R and how does it work? If someone could explain that would be great because I don%26#039;t understand financial things so well.

Can someone please explain annual percentage rates to me (credit cards)? What is the diference between one?

APR is the Annual Percentage Rate. That%26#039;s the amount of interest you pay to a credit card company for using credit. If you run up a bill of $100 and the APR is 12%, then the credit card company will want you to pay them $112 for your $100 purchase.

A credit card costs more than paying in cash.

Of course this is a simplistic explanation. There are thing like proration to consider. Also, many credit card companies also charge additional fees -- late fees if you don%26#039;t pay on time, fees for withdrawing cash, etc.

The bottom line is, if you don%26#039;t understand financial things so well then you should NOT get a credit card. Lots of people end-up going bankrupt due to credit cards. Credit card companies often hide their fees so that you don%26#039;t know what you%26#039;re agreeing to until its too late and you owe more money than you can pay. Credit cards are bad news. STAY AWAY!

Can someone please explain annual percentage rates to me (credit cards)? What is the diference between one?

The 9.99% one is the best. The lower the percentage the better the deal. Here%26#039;s how it works (and this is true of car loans and home loans too).

Annual means just that - one year. In one year they charge you a total of 9.99%.

So to calculate how much interest is being charged every day do simple division. Divide 9.99 by 365 (number of days in the year). This is .027%. This percentage is the interest rate charged to whatever balance you have on your account %26quot;every day.%26quot;

So if you have a $100 balance on your card, you are being charged 0.027 cents every day in interest (or 3 cents if you want to round up).

The second part to interest is this - Each day that .027 cents is added to your %26quot;balance%26quot; on the card and you are charged interest on that too! So today you pay interest on $100 - tomorrow you pay interest on $100.03. They have big computers that calculate these things out, but that%26#039;s the simple gist of it.

If you look on the bottom of the first page of your statement you should see the daily percentage rate. It%26#039;s usually 4 or more decimal points deep (credit card companies don%26#039;t usually round up like I did).

If your credit is good never get a card with more than 9.99% interest. Cut the other ones up! Or call them and negotiate a lower interest rate. If you%26#039;ve been paying your bills on time they will lower the interest rate. Watch out though! One late payment and they will jack them right back up again. NEVER be late on a credit card payment if you can avoid it.

Hope this was helpful!

In southern California, who gives better rates, Banks or Credit Unions.?

Credit Unions. First off, they have the lowest rates on loans. I refinanced my vehicle from 10.25 % thru B of A, and went thru the credit union at 5.75%

How do I lower the interest rate on my credit card? Its over 30%!! PLEASE HELP!?

If you have had the card for awhile (Several Months) and have always been in good standing, the easiest way is to call the credit card issuer and ask if you qualify for a reduction in your interest rate. On a couple of my credit cards I can actually do this online and the lower interest rate take effect immediately. GOOD LUCK

How do I lower the interest rate on my credit card? Its over 30%!! PLEASE HELP!?

I%26#039;m in hte same place--they say you can just call them and ask, hasn%26#039;t worked for me.

Check oprah.com and go to the debt diet-lots of advice there.

Even a script for what to say when you call.-didn%26#039;t work for me.

I am doing the DOLP thng though, paying off the smallest one first, that is working.

How do I lower the interest rate on my credit card? Its over 30%!! PLEASE HELP!?

Call them and ask for reduction, if you have a good credit, they should not give you such a high interest rate. Go to creditcard.com and check another credit card, open another card and transfer the balance. Same of the credit card will give you a 0% for transfer from another card.Good Luck!

How do I lower the interest rate on my credit card? Its over 30%!! PLEASE HELP!?

Call customer service and ask them to reduce it. They will, if you have been a customer for a while, and been on time in making payments. It is unusual to have 30%+, unless you failed even one time to make timely payments. Sometimes, you have to go and get a different c/c with another company, and threaten to cancel your first card. If the first card won%26#039;t lower the 30%, then transfer your balance to the new card.

Next step, quit charging, and pay cash for purchases until your balance is paid off.

How do I lower the interest rate on my credit card? Its over 30%!! PLEASE HELP!?

If you have a house the easiest way is to refinance...because the interest rate will be a lot lower and also you can make all that interest tax deductible...thats the best way to get rid of it and then CLOSE THAT CARD.

You can always try a balance transfer with a 0% offer first, but they only delay the inevitable as far as I%26#039;m concerned.

How do I lower the interest rate on my credit card? Its over 30%!! PLEASE HELP!?

you can%26#039;t lower it.they would have to.unless you hookup with a credit counseling company,but i think you would need to be on the brink of bankruptcy.my advice to you is to put all the money you can on the card till it is paid,then cut it up and get no more cards.and make sure you pay on time and don%26#039;t exceed your limit or you will never get it paid.please read this and do it.i speak to you from experience.credit card companies are thieves,and they will bend you over and over again.

How do I lower the interest rate on my credit card? Its over 30%!! PLEASE HELP!?

hi there, Id like to share with you this resource I had bkmarked for concerns like that of yours

hope you%26#039;ll find it useful

have a great day

How do I lower the interest rate on my credit card? Its over 30%!! PLEASE HELP!?

DAMN!!!!!!!! 30% that is too high for any amount of credit. Calling hasn%26#039;t worked for me but try to pay that sucker off and close it ASAP. You can also try applying for another card with lower interest and see if you can do a balance transfer.

GOOD LUCK

How do I lower the interest rate on my credit card? Its over 30%!! PLEASE HELP!?

You might want to get a better card with low interest. Here%26#039;s a list http://www.ccvault.com/credit_cards/low_...

good luck

What mortgage rate & terms can I expect with 0 down and excellent credit?

I see this question over and over again on Answers when you have poor credit... what about with excellent credit?

I want a credit check with my loan... I want the best possible rate!

What kind rate of could I expect and where/who should I go to?

Which would cost me less in the long run, 0% down or a 20/80?

What mortgage rate %26amp; terms can I expect with 0 down and excellent credit?

I can do either the 80/20 or 100% with PMI, they price out very similar, it would depend on your financial profile.

I can do 5.875 100% with PMI.

January 14, 2008

http://WeFixRates.Com

What mortgage rate %26amp; terms can I expect with 0 down and excellent credit?

Depends on the price of the home and the loan amount. Rates vary day to day and are dependent on a few variables like income documentation, reserves, etc. Try your bank if your going to put money down, that%26#039;s more than likely where you will obtain the lowest rate. Good Luck

What mortgage rate %26amp; terms can I expect with 0 down and excellent credit?

Assuming you do not want to pay points,

Conventional: 5.875%

VA: 5.625%

Those were rates as of today. If you%26#039;re doing Conventional, it%26#039;s cheaper in the long run to do a 100% loan paying PMI vs. an 80/20. This is so because eventually the PMI will go away, whereas the higher rate 2nd mortgage won%26#039;t go away until its paid off. Also, through 2010 (for now anway) PMI is 100% tax deductible if you make less than $100,000 per year.

Be careful though when shopping lenders, don%26#039;t just shop for the lowest rate, shop the fees also. One lender may quote you a lower rate but be charging you more in fees to get it. Also, get everything in writing! Best way to compare apples to apples is by getting a Good Faith Estimate, which disclosures the terms, rate and fees.

What mortgage rate %26amp; terms can I expect with 0 down and excellent credit?

Right now, you are unlikely to find a 0% down loan, even with excellent credit. Unfortunately this is a side effect of the recent subprime credit crisis which also affects consumers with excellent credit. It is related to the falling home values and banks can%26#039;t trust the home value to be stable therefore they will be unlikely to loan if you aren%26#039;t able to put money down to secure the loan.

To find a loan you can call a mortgage broker that can run your credit once and give you quotes from several different mortgage companies, or you can go to a local bank directly. You are likely to get a slight discount and favorable terms with a bank you already do business with but I would still expect them to require a down payment in today%26#039;s housing market.

Just wondering...have you got the call promising a lower interest rate on you Credit cards?

You get a pre recorded message saying you qualify for a lower rate, press one to find out more, then a rep with %26quot;card services%26quot; comes on the line asking for your card information to see if you qualify. If you have, did you go through with it? Did it work out well? Can they really get a lower rate on your cards? What are the hidden costs?

Just wondering...have you got the call promising a lower interest rate on you Credit cards?

I get these type offers all the time. Now, mostly by mail since I added my name to the nationwide %26quot;do-not-call%26quot; list to stop all the solicitation calls. These offers sound good, and often are zero rate for 6 months or a year, and offer that you can transfer your existing balance from your other card to the new one and it will also not earn any interest for a period of time. They%26#039;re a good deal IF you are going to be able to either pay off your entire debt at the time that the interest charges are going to kick in, or at least substantially reduce the amount you owe. Usually the rates on these cards go sky high after the initial period of time. Read the fine print very well, or ask the person on the phone questions about what the rate will be, and how it is computed and compounded.

Just wondering...have you got the call promising a lower interest rate on you Credit cards?

You are kidding, right? This is a SCAM to get your credit card information. Credit card companies NEVER need to ask for you account number, etc., since they already have that information!!!!!

My suggestion - never answer your phone again. :-/

Just wondering...have you got the call promising a lower interest rate on you Credit cards?

I would be weary of any service like that that contacts you without you first contacting them if you%26#039;re going to have to give out personal info, especially your SS# or credit card info, as you most likely will.

It could be a scam to get your personal info and possibly lead to identity theft.

My suggestion: If you have cards that you want to try to get lower rates on, you can simply call the customer service number on each credit card and request a lower interest rate (if you have been in good standing with them), lower available credit, etc.

Point: YOU should be contacting them regarding any accounts you have. Other people soliciting help to you out of the blue may just bring more harm than good.

Child tax credit?

whats does it mean by saying Child Tax Credit at a higher rate than family element anyone know?

Child tax credit?

I think this is because :

Everyone in the UK with children up to school age and still at full time education until 20 qualifies for the basic rate of Child Tax Credit but you can get a highter rate under some circumstanses i.e if you or your child are disabled or your child is under one years

Child tax credit?

i dont sorry, but they are a dodgy bunch.. twice they have messed my claims up! then tried to blame me..

Child tax credit?

Higher family element is where the family contains a child under one.

Here check out this website

http://www.adviceguide.org.uk/index/life...

Child tax credit?

Tax credits are made up of elements

Everyone who is a claimant gets the basic element...

then the family element

The the child element...this amount is added one per child in household

The higher element is an additional amount payable when a child under the age of one is in the household

Child tax credit?

The higher family rate is anything higher than the basic family rate.

The basic rate is when you get CTC only at 鎷?47.50 or about 鎷?0 - 11 per week.

The higher family rate is anything above this level.

Child tax credit?

yeah child tax credit is a bit of a joke-they messed me up as well-can%26#039;t blame theirselves for any mistakes which they had made