Affect
I really need help. I have about $75,000 in credit card debt. I always pay on time and my Fico is 712. However, I am fully maxed out and need a way to pay down principal because I spoke with Citibank ($40,000 is on this card) and they said that they would lower the interest rate to ZERO for 12 months and let me pay 1% , $400 a month, but this would close the card. So, this is not a settlement but rather the bank closing the card with a payment plan. A. How would this affect my FICO score? B. I am considering doing this on all 4 cards that I owe on. Thoughts? C. Would AMEX close my charge card because of these changes to my credit report, even though I regularly pay off this card each month (I need this card). Please help.
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Lengthening life spans affect savings plans
GORDON STUDER/Special Contributor to the DMNMaybe you don’t want to hit the century mark, but more of us will, which means that we have to start today to ensure that we have enough money to sustain us in that long retirement.
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I have a credit card which has a balance of 15,000 and an interest rate of 25.5%. I would like to have them close the account; stop the 25.5% interest accrual and then make monthly payments of $100 a month until it’s paid off. I’m wondering if they would accept this type of arrangement, and how would this affect my FICO score. In addition I’m wondering what’s the best way to contact them by phone or letter? Mark
I have a credit card which has a balance of 15,000 and an interest rate of 25.5%. I would like to have them close the account; stop the 25.5% interest accrual and then make monthly payments of $100 a month until it’s paid off. I’m wondering if they would accept this type of arrangement, and how would this affect my FICO score. In addition I’m wondering what’s the best way to contact them by phone or letter? Mark
Ok, as set a plan in action to repair my credit and increase my fico….On today, I recieved a letter from CITI stating that a review of my history lead to a closing of Zales card, which had a zero balance and not used in over 2 yrs. Reasons stated: High revolving, unpaid collections..ect. How will this affect my fico reporting and score.
My parents bought the house 4 years ago, at a rate of 4%, which is due to change next year, when assessing their loan. With the crisis in the market and the granting of new loans is linked to severe as a result of these occur, they are what refinance has in Serbia for their [...]
I could use the help of potentially revise my mortgage to be more accessible. It ‘can get to me, without doing so. When I called my title guides and rework my mortgage for a reduced interest rate or principle reduced, seems like this is my credit score?
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