Thanks, greysyl. I have been paying small amounts every month cause the bank has been reminding me. It's just not fast enough and I just want to get done and over with it. I get 10% interest every month. It's still okay.
Hi Elycia it might be worth it to obtain a copy of your credit report. Even if you have cancelled your cards if there was an outstanding balance on your card the lender will still have to maintain their reporting on your credit standing. If you are making regular payments even if they are small, this would count in your favour. The end result is you want them to continue to do the reporting and especially the final reporting once you have paid your bill in full to show 'Paid in full as agreed' and this will definitely improve your score.
The other thing to keep in mind with creditors is you always want to pay something even if it is only $5 or $10 a month. As long as you continue to make regular payments there is no legal action that they take on you for non-payment. They could however offer you a settlement amount to clear your account and this is generally less than your current amount owing, or it could be a freeze on interest accumulating.
Keep your chin up girl, there are better days ahead, you just have to keep going forward!
This is a very interesting post. For me, I don't think I have a positive credit rating. I cancelled my credit card but I'm still in debt. Too many commitments in life now. It used to be so easy to pay up. Now, everything just keeps snowballing at me.
Your Child’s first job
Your child has just informed you that they got a job. And you are so excited for them, or are you more excited for you. Don’t worry it’s not wrong to feel that way after all children want things and most times a parent decides if they need it or not. And generally if they don’t need it they don’t get it and then the tears start flowing, or they lock themselves in their room, and tell all their friends how mean of a parent you are for not getting them what t... [Read more]
All Writing.Com images are copyrighted and may not be copied / modified in any way. All other brand names & trademarks are owned by their respective companies.
Generated in 0.26 seconds at 12:11am on May 01, 2024 via server web1.
View Portfolio
Visit Notebook
Send Gift Points
Awards
Badges
Send Email
Community Newsfeed
General Discussion
Sponsored Items
Book of Trinkets
Static Items
Books
Groups
Interactive Stories
Audio
Campfire Creatives
Community Notes
Crossword Puzzles
Documents
Folders
Images
In & Outs
Madlibs
Photo Albums
Polls
Product Reviews
Quizzes
Survey Forms
Web Pages
Word Searches
