Credit Card Questions
- 1. If unable to pay off a credit card, how long until company will charge the debt off?
- 2. Is it a good idea to close unused Credit Cards?
- 3. I have 4 credit cards with a total of $64,000. I tried getting all 4 companies to lower my APR or raise my limit. They all said, "No'. Should I use a debt consultation to lower my payments? Will this affect my credit score?
- 4. I have been building my credit up, but is there no recourse for when credit card companies lower your limits for bogus reasons? This is affecting my credit scores, and I have never paid late, and always maintain and pay big balances.
- 5. Is it better to pay off a credit card every month or make payments toward the balance every month?
- 6. What is an interchange fee?
- 7. What is the best credit card?
- 8. What is a "secured" credit card?
- 9. Should I close an old credit card that I don't use anymore?
- 10. What is credit card utilization?
- 11. How are credit card limits determined?
