Credit Card Problems

I had been almost drowned in dept with my credit card. Now i want to close it. Can you tell me that is there any monthly charging for closing my account and the credit card to stop? Will they allow me to pay the remaining bills without interest?


I thought you must contact a debt consolidation company. It will help you to lower the interest rates and to stop your credit card. But your interest will not be canceled out completely until you paid it all.


You must keep the card to the minimum balance.And then pay minimum payment plus some Few Extra dollars. After reducing the balance, the interest will also come down.


Look for the lower interest rate credit card and transfer your old account balance to the new one and close the old one. Take a loan with low interest rate to pay off the credit card and pay back the loan. And then call the credit card company for closing the account b'coz of high rates. Hope it will work.


First option is to talk to the bank for making a payment plan for a monthly fixed amount so that you can pay off your credit easily. Second option is to that you can pay it off with low interest loan. And the third option is to pay off in large payments instead of various small payments. Always remember to read the small print carefully.


You may get some advice from your local community advice bureau also named as CAD. If you can take a loan with better interest rates and fixed payments and then pay off the credit card. Take care of getting the debit card next time or be sure to pay all the depts of getting credit card. Good Luck!

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I have a visa card with commercial bank. I am a college student. I received an offer of a visa card fro capital one.Should i change my account to the capital one or not?


I suggest you not to change your account. It will be safe for you for a long time run. If you are getting lower interest rates then annual fees will also become large. Don't fell into the game of debt. Just stick to that what you have.


I had heard nothing good about the capital one credit card. It will be good to you to continue with the old one Commercial visa with good payment habits. Capital one extends low credit limits to massive over limit fees and high interest rates. Think of it.


If you close the old credit card and get to the new one, it will hurt your credit score. better be the first read the fine print carefully and then get to the other. For being safe, you must keep the old credit card with you for a long run and get the new one sparingly  and keep you credit good for your future.

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I had received a credit card through mail. But i decided not to accept it and hence not to activate that card. I had also not signed any contract with the credit card company. Does i have to pay any annual fee for the credit card or no, as i have not applied for that one?


When you are applied for the credit card or sign up the credit card website and click "I Accept" then only you are liable to pay the charged fees. As doing this means you had opened your account in the company. If you are not activating the credit card, then inform to the credit card company, as not activating the card doesn't mean that you had closed your account. But if you had not done all this then you are not liable to any type of payment. Receiving the card through mail will only be the offer for applying the credit card not the credit card itself.


Just keep the card for records for sure. Look at the paper work inside, if there is any return address then write to them for removing your name from the mailing list. Also, there is another option for not opening the envelope and just write on it 'return to sender'. Then they can't claim you for any type of payment. Best of luck!


If you are not activating the credit card then learn how to use the credit cards and to increase your credit score. You must follow the instructions written on the coming back strong financial programs. It will surely help you in the future.