Credit card companies are assholes mainly because that are only interested in making money off of you. They don’t care if you get sick or lose your job, they just want your money. Credit card companies are not your friends. I looked in my wallet the other day to see what I was carrying around in there. Visa, master card, discover, chase, bank of america, I have them all. They don’t do anything for me except charge me money.
You are better off to live on a cash system or use a debit card. You will be a lot happier not having bills to worry about paying each month. There is no price on peace of mind. Don’t be a slave to your creditors, don’t go into debt. I don’t care how much you want something.
Debt Free is the way to be.
Tags: bank of america, chase, credit, credit card companies are assholes, credit card debt, credit cards, creditors, debt free, discover, get debt free, mastercard, visa
Posted in Debt Coaching Corner
American Express is paying some of its members $300 to close their accounts. Amex has been know to cater to wealthy clients expanded their base to people outside of this sphere. The plan has backfired and they are losing millions. American Express is looking to manage credit risk based on customers credit scores and credit profiles. Accounts must be closed by the end of March.
Credit Card companies are cutting credit lines
Just like their competition Capital One, Chase, Discover and Citibank, American Express is selectively cutting credit limits to customers and not going after as many new clients. Keep an eye on your mailbox, that credit card in your walled may be finding a new home in the garbage can.
Tags: american express, american express closes accounts, amex, capital one, chase credit card, citibank credit card, close credit card, credit, credit cards, credit line closed, credit line cut, credit score, discover card, fico score
Posted in Consumer Information
I just got a letter from Washington Mutual also known as Wamu yesterday. They lowered my home equity line to $900. It originally started off at $27,500. It was lowered about 6 months ago to just over $8000. What are you going to do with a $900 home equity line? I told them to just close it. They said that you have to pay $55 to close it. Rather than close the line they leave a ridiculous amount on it. They are too cheap to close the thing themselves. They would rather have me pay it. Continue Reading »
Tags: banking, credit, heloc, home equity line, home equity line of credit, reduced credit line, reduced loan limits, wamu, washington mutual
Posted in General Debt Articles
Having collection accounts on your credit report will impact your credit score dramatically. It is not uncommon for unpaid collections to impact your credit score 100 points or more.
Will A Collection Agency Take Payments? Continue Reading »
Tags: can i make payments to a collection agency, can i negotiate with a creditor, credit, credit report, credit score, credit score tips, help improve my credit score, how to improve your credit score, improve credit, improve credit score, payments to a creditor, remove negative items from my credit report, will a collection agency accept payments
Posted in Debt Settlement Articles
What happens to my fico score if I cancel my credit card? canceling a credit card does not eliminate your responsibility to repay the debt. What it can potentially do is to lower your credit score. A percentage of your credit score is determined by your credit history. When you cancel a credit card, your credit history goes with it. Canceling a bunch of credit cards and moving the debt to another credit card will hurt your credit score in most cases. Continue Reading »
Tags: credit, credit report, credit score, equifax, experian, fico score, fix my credit, how is my credit score calculated, is canceling a credit card bad, max out a credit card, my credit cards are maxed, should i cancel my credit cards, transunion, tri merge, tri merge credit report, what is bad for my credit score
Posted in Credit Card Articles
