How to transfer credit card balance to another card

Is it good to transfer credit card balances?

Interested with transferring card balance to another credit card? If that is so, you are not alone after all doing so makes perfect financial sense. This is because transferring these balances to another with low credit can help better your finances. More so, it helps improve your credit card debt if what you want is to be successful in the area of credit card debt. However, you must know that if you’re cannot transfer your debt correctly, it could end up with you having missed payments and late fees. As such, you need to follow a sure way for smoothly credit card balances transfers.

Steps to take on transferring your credit card balances

Here are some easy and simple steps you can follow for smooth credit card balance transfer:

Understand all the terms and conditions when it comes to balance transfer

Before you ever decide to have your credit card’s balances transferred, it is important that you first understand all the conditions that comes with it. Understand the credit card’s limit, the balance transfer fee, the interest rate for the balance transfer, etc. so you understand well what it is that balance transfer entails.

Choose credit card with low interest rates

When you have already chosen to transfer your credit card’s balance, it is better to look for credit cards with lower interest rates. This way, you can extremely minimize the fees you will have to pay. With lower interest rates, then you can definitely improve your card’s credit.

Transfer Your Credit Card Balance

After filling out application for low interest rate credit card, it is time to transfer your credit balances. To do so, you can either write a convenience check from your new issuer, or perhaps simply call the issuer and ask for the debt to be transferred. On the other hand, you can just do the entire process online.

Keep Paying for Minimum Payment in Your Old Credit Card

Now, the biggest risk with transferring your debt to another card is the chance of missed payments and late fees. To avoid this, it is best way that you can avoid this is to keep making payments, at least the bare minimum, to your old credit card. Do this until the time that your previous issuer clearly confirms that balance transfer has been completed.

Get Final Statement from Your Issuer

Once everything that has been done and the balance transfer have been complete, it is advisable that you get a final statement from your old issuer, particularly if balance transfer has successfully paid off the debt on your old card. This is to make sure that everything truly is complete and you no longer have balance with your old credit card.

Following these steps, hopefully you can improve your credit and finances. On the other hand, even when you do not have credit with your old credit card, be sure not to ignore the billing statements from your new issuer. After all, you still have monthly payments.

Capital one credit card max limit

What is the maximum amount of credit limit can be obtain in Capital One Quick Silver Card?

Response from Capital One Online Chat, “There is no limit. You can request a credit line increase online by choosing the “Request Credit Line Increase” link from the Services tab. When you submit your request, we’ll review your information. ”

Q: What information do I need to give it customer rep?
A: Full name on appear in credit card, zip code, date of birth and last four digits of your Social Security Number and last four digit of credit card.

Q: How much credit increase I can receive per request? and How often I can request?
A: $2000 per request. You can request after 6 months of prior credit line increase request.

How can I raise my credit score 100 points in 6 months or less

Commitment to Solving Credit Score Problems Is the First Step to Good Credit

It is always a good idea to keep your credit rating in good standing. It is always a wise idea to consider the pluses of good credit before spending on items that are considered non-essentials. Bills from credit card purchases do not dissipate. Many of us wish that these bills might disappear, but they will not disappear. These bills have to be paid and rightfully so. Paying the bills on a timely basis ensures a good credit rating. Paying the bills on time ensures the ability to have a good or better credit rating, and it ensures the access to borrowing additional funds when needed.

Answering the Question of How Can One Raise His Credit Score within a Time Frame of Six Months

How can I raise my credit score 100 points in 6 months

  • One of the first steps in improving the credit rating is to access what the actual credit scores are. Finding the assigned credit score is easy. One way of doing this is to access the particular assigned credit score on line on a program that offers the service for free.
  • Next one has to access one of the major credit card score keepers. There are three major credit card score keepers. One is the Equifax Company. Another credit score keeper, which is connected to companies that have reported information into systems about financial credit payments, is the Experian Company. The third major credit card company that knows your past credit rating and history of company’s reports on payments and also rates current accessibility to credit is the Transunion Company. These credit bureaus as such receive information from mortgage companies that currently have agreements for financial payments. These three credit reporting bureaus receive information on payments for auto loans, payments on credit card bills, payments for bills for medical care from hospitals, payments for doctors, and any additional bills for services that were needed and were paid for with credit and not paid for with cash.

Raising Credit Scores Can Be Accomplished and Following These Suggested Ideas Will Be Helpful

  • The first thing to do in this quest for good credit score standing is to be determined to improve your credit rating.
  • The second thing that one should do is to contact all three main credit card bureaus and see if you can advise them of any inconsistencies that would be in your favor.
  • The third thing to keep in mind is to always make the payments to bills on time. If you cannot do this, contact the credit company and make at least a partial payment.
  • The fourth thing to do is consider making all purchases with cash or with debit cards. If one is able to pay more than the minimum payment, then pay more of the principal of the loan.
  • The fifth thing that you should do is to consolidate as many of the loans as possible. Work on it.

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Top 10 credit cards for first time applicants

How to get your first credit card at 18

For first time applicants looking to build credit on credit cards, there are ten credit cards that stand head and shoulders above the pack. If you’re a first time credit card holder, your credit card is the number one step to building a payment record. Your credit score may or may not qualify you for car loans, mortgage or lines of credit. And it will determine the rate of interest you’re charged if you apply for and receive financing of any kind.

The good news is that changes in credit card laws have been passed with the intent of protecting you and others from rogue lending practices. However, it’s up to each individual to make sure their credit file indicates to lenders they are a good or reasonable risk when applying for a loan. Remember to pay all of your bills and expenses on time. All it takes is one or more late payments to lower your credit score.

The following credit cards, which include prepaid debit cards, are great for people with no credit or a limited credit history. It allows them to build credit on credit cards they choose. Federal laws also protect predatory lending practices to people under 21 unless the card applicant can show he or she has the ability to repay.

The following ten credit cards are recommended for first time applicants:

  1. Applied Bank Secured Visa Credit Card – This credit card comes with a moderate price tag. But balance transfers are not allowed and there are redeemable awards for air travel and roadside assistance. There’s also a relatively high APR and is available to anyone regardless of credit standing.
  2. First Premier Bank Gold Credit Card – Moderately priced and prohibits balance transfers. Redeemable awards include air travel, cash back and roadside assistance.
  3. Capital One Cash Rewards for Newcomers – This card helps anyone new to the U.S. establish credit and earn cash back in the process.
  4. Capital One Platinum Credit Card ­– There is no first-year annual fee. Personalize your image and get spending notifications through text alerts.
  5. Prepaid Visa Pink Diamond RushCard – Guaranteed approval and free direct deposit. Use the card to pay bills, rent or write personal checks. Transfer money to other cards.
  6. Capital One Cash Rewards Average Credit ­– Cardholders receive a 50% bonus on cash back earned every year. Cash rewards never expire.
  7. Capital One Secured Master Card­ – No application or processing fess required and offers a credit line up to $3000. This is card is accepted a millions of locations around the world. Card holders can also track their own purchases.
  8. Orchard Bank Visa – Accepted a millions of locations worldwide and reports to three major credit bureaus. Check your account information with ease and get reminded of payments by text messages.
  9. Prepaid Visa Black Diamond Rush Card – Guaranteed approval with no credit check. Utilize free deposit and change your fee plan whenever it suits you. Card owners can pay bills and write personal checks. It also offers card-to-card balance transfers.
  10. Prepaid Visa Purple Diamond Rush Card – No credit checks required. Applicants are 100% guaranteed approval. Cardholders can change plans whenever the need arises and there’s no fee charged on direct deposits. Use the card to make purchases and pay bills. It also comes with a free prescription card.

First time credit cardholders should make every attempt to use their card wisely. Why? Because they may have their credit card for years and every purchase and payment is recorded on their credit report and will remain there for many years.

Credit scores are checked on everything, from buying a home or renting an apartment, to everyday purchases and applying for a job. Remember to spend wisely if you’ve been approved for your first credit card. Credit penalties could affect your life for years to come.

“How to get personal loans with bad credit”

How to get personal loans with bad credit

How to get personal loans for people with bad credit

With the economy still struggling and unemployment rates fluctuating, it’s one of the worst times in history for someone with bad credit to try to get a loan of any sort. Yet, life still goes on and needs arise. If you already have bad credit, it’s never too late to start working on improving your credit rating and one effective way is to build credit on credit cards. Using credit cards for purchases and then paying the monthly payments on time or even paying them off every two months or so will work towards improving your overall credit score. A key to this is not to max-out the credit card or cards, though, as running the balance up to the hilt is just as much of a red flag as is non-payment. Sensibly handling your credit cards will show potential lenders that although you may have had an unfortunate set-back in the past, your current credit record is one of responsibly managing your debt.

Many times it is just as difficult to obtain a credit card as it is a loan when you have bad credit. There are a number of companies now who specialize in guaranteed credit cards for people with bad credit. These companies vary in how they structure their offers. Some are considered “secured” and may operate more like debit cards, having you make a deposit equal to your “limit” and then, although you have money backing your purchases, you will still make monthly payments that will build your original deposit back up. Others are more traditional, being unsecured and not requiring a deposit, but they will charge an inflated interest rate, well above the current going rate for a typical credit card.

It is easy enough to find guaranteed credit cards for people with bad credit. Email inboxes are flooded with offers almost every day of credit cards that are assured approval. You can also use the internet to search several sites that will match a credit card and its benefits and features with your credit situation. Simply fill out a short questionnaire and these sites will present you with several choices of credit cards, secured cards, and pre-paid cards. You just review the aspects of each of them and select the one that is right for you. Most times you can get an approval within minutes when you apply for a credit card using one of these sites and be on your way to re-building your credit within days.

While attempting to build credit on credit cards using guaranteed and/or secured cards is one way to go, there are also more loan agencies now than ever before that will loan to someone with bad credit. Recognizing the difficult situation that a large number of people are in, banks and credit unions are even offering “bad-credit” loans in some circumstances. It is always worth a try to contact the bank you do business with first to see what they might be able to offer by way of a loan. These types of institutions might require collateral to secure your loan, but it will at least provide an opportunity to work on your credit score. The most common types of loans that banks and credit unions offer customers with less than perfect credit are home equity lines of credit and title loans on vehicles. This gives them something tangible to fix the loan to in the event of non-payment. Aside from typical financial institutions, there are many other agencies that can be found online and locally, as well, that are willing to loan to those with bad credit. As with the credit cards, you should expect higher interest rates for lower credit scores but that may be a small price to pay to improve your credit rating.

How to apply for a free credit report

Can I keep my car if I file chapter 7 bankruptcy

Facing the possibility of bankruptcy is a difficult time for most people. One of the biggest questions people have when contemplating filing bankruptcy is if they can keep their assets. Different kinds of bankruptcy have different benefits and drawbacks when it comes to the debtor. One of the major advantages of filing Chapter 7 Bankruptcy is that it allows you to keep various assets that would other wise be surrendered when trying to pay off debts and filing bankruptcy. Cars and homes are two of the biggest assets that most people have.

One of them most commonly asked questions people have when facing bankruptcy is “Can I keep my vehicle if I file bankruptcy?” Under chapter 7 bankruptcy, the answer is yes in most cases. Chapter 7 bankruptcy allows that as long as the vehicle is owned by the person filing bankruptcy and is worth less than the maximum allowable value for exemption amount of the state that the person is filing bankruptcy in. Different states have different exemption laws, so it is important to find out what the laws are in your state before filling bankruptcy.

The answer becomes more complicated if you do not own the vehicle you wish to keep, either because you are still making payments on it, or because it is a leased vehicle. Laws very from state to state, but, in most cases, if the payments are current than you will be able to keep the vehicle. If you are leasing the vehicle you usually have the option of breaking your lease agreement without occurring any penalties and returning the vehicle or keeping the vehicle under the current terms.

Where your options under Chapter 7 bankruptcy law become complicated is when you are making payments on vehicle you plan to own in the future. Most states give you several options. You can keep the terms of the loan as they are, without making any changes, you can renegotiate the loan or resign the loan under what is called a reaffirmation agreement, or you can agree to pay the lender a lump sum more or less equal to the vehicles current worth, under what is known as a redemption payment. Each state has different policies, so you need to make sure that you understand the law in your state.

In any case the first thing you should do is call you lender and inform them that you are planing on filing on bankruptcy, but wish to keep your vehicle. Your lender may have certain policies for dealing with bankruptcies, and it is important to understand all of your options before proceeding.

Because the law is complicated, it is very important to consult a bankruptcy lawyer when filling for bankruptcy. Your lawyer will have more specific information concerning your case, and will able to provide you with a more specific answer about which assets you will be able to keep, and what you will have to do in order to be able to keep them.

1. “Should I file bankruptcy now or wait
2. “About chapter 7 bankruptcy exemptions
3. What property can I keep after a chapter 7 bankruptcy?

Debt and uncontested divorce

Uncontested divorce with children

Deciding to end a divorce is just as important has deciding to get married, and neither choice should be entered into likely. While no one wants to get a divorce the inevitable is bound to happen. The quickest way to recover is to accept what is about to happen and move on. However, this theory may be a little difficult to do when children are involved. The most important factor to consider in an uncontested divorce is the children and what effect a divorce will have on their well being. They too must learn to accept and cope with a one parent home. However, there are some steps that parents can take to help make the process easier.

An uncontested divorce can work to the advantage of most couples where children are involved. They have the freedom to sat down and come to an agreement on issues that will ultimately impact their present and future well being. The court may recommend that the children involved participate in my parent is getting a divorce class. This will help them realize that they are not the blame for the separation, and they still have both parents, but in separate homes.

Separate homes usually mean custody issues. Both parents will more than likely share custody, and in some cases only one parent is given full custody of the children. If this is the case the other parent is required to pay child support. This amount can be reached outside of the courtroom by both parties or inside the courtroom by a judge. High debt and uncontested divorce is a workable plan that can work in the best interest of the entire family. If high debts need to be resolved, work out a payment plan with the creditor. Agree to pay a reasonable amount in child support. If the court insists on insuring the children, placing them on the job’s insurance plans are a lot cheaper.

Sell off as much property as necessary; if it is of no use to neither party, take the money and pay off debts that could affect both parties in the near ahead. Eliminating financial debt before getting an uncontested divorce means that children can look forward to financial support in a timely manner and both parties are practically debt free. Most couples will have already worked this part out before they enter the courtroom and ask for an uncontested divorce with children.

How much would an uncontested divorce cost?

There can be a large variance in the cost of an uncontested divorce. Attorneys are known to advertise anywhere from $90  to $1000. Generally the lower rates are for a very specific uncomplicated case and will go up in large increments if children or other complications arise. Getting an attorney that offers a flat fee for uncontested divorce is your best bet. The court fees for filing your divorce will vary from state to state. It is generally around $250.00 to file for a divorce with the court. You will need to check with your local courthouse for exact filing fees in your area. If uncontested divorce is at all possible it is in the best interest of everyone involved and in the long run will save you a bundle of money.

1. Should I file bankruptcy now or wait
2. What type of bankruptcy should I file
3. What property can I keep after a chapter 7 bankruptcy?

What property can I keep after a chapter 7 bankruptcy?

Deciding to file for bankruptcy is a difficult decision that most people try and avoid if at all possible, especially since filing stays on one’s credit report for 10 years. But for many circumstances force their hands and bankruptcy becomes inevitible. Under Chapter 13 Bankruptcy, debtors pay back debts over an extended period of time, but when that isn’t possible some will file for Chapter 7 Bankruptcy which will cancel many of their debts.

However, just because someone has filed a Chapter 7 Bankruptcy doesn’t mean they can live in luxury. Filing a Chapter 7 Bankruptcy is a humbling experience, one that requires many to scale back to the necessities, take inventory of their possesions and prioritize their lives. Excessive posessions will be liquidated in order to pay creditors at least a portion of what is owed.

But of course, no one expects people to live with absolutely nothing. For this reason there are limits on what property one is allowed to keep. Many people find these limits quite reasonable, and well worth the peace of mind that comes from no more collection calls.

Exact values of what is allowed can vary somewhat depending on what state a Chapter 7 Bankruptcy is filed in.

  1. The first thing you get to keep is $20,200 of value in your residence. This means those with a large amount of equity in a home, may need to refinance to pay off some bills before being condisered. However, for those who rent, this should not be a factor.
  2. You are also allowed to keep your vehicle valued up to $3225. This is the Market Value, minus any loans against it. Household items values at up to $10,775 are also considered exempt, except no individual item can be valued at more than $525. Jewlery and heirlooms up to $1225 may be kept. Tools of the trade, valued to $1850 may be kept, this includes anything which is deemed necessary to earn one’s livelihood.
  3. You may also continue to receive a reasonable amount of alimony or child support, and public benefits, such as unemployment, worker’s compensation, Veteran’s benefits or social security are also safe. Retirement accounts, such as 401Ks, should also be left in tact.
  4. In addition to liquidating assets down to these levels, filers of Chapter 7 backruptcy must also meet median income guidelines, and complete credit counseling before filing.

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Loan modification
Can I keep my car if I file chapter 7 bankruptcy