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We can loan up to $500 to Idaho occupants, in view of qualifying elements. On the off chance that endorsed, your credit will be expected on your next payday that falls in the vicinity of 10 and 31 days after you get your advance. As you consider whether an advance is proper for your prompt needs, you ought to likewise investigate other subsidizing alternatives. A payday credit is a genuine budgetary duty, and not an answer for long haul issues. Getting from a companion of relative may be a superior alternative.
Ok, I have this capital one credit card w/$1000 limit. I've had it for almost 2 years, haven't used it in a year and a half, yet my balance keeps increasing. I got it when I had great credit for my 20 yr old self. And I had a good promotion: no intrest until July (about 3 months). Thinking I would pay for part of my honeymoon cruise with it in time for the deposit deadline, I racked up about $800 on it fully intending on paying it off by July. Well, July came and went. My first payment was late (I DID NOT receive a statement that month, and neither did my dad who has a cap. 1 card....) They refused to take off late fee. My next few payments were large payments, $200 or so. But seems like every time I mailed those, they were one day late. So I ended up going over the limit with fees. Yes, $200 in fees. And well, it added up. On top of that, I got laid off and well, basically chose paying my rent over paying capital one. I've gone through a re-age program to get my account "current' but not under the limit. So now, each month I'm receiving a $39 over the limit charge. :( And unfortunately, work has taken another downfall and I'm just now getting regular paychecks again. I tried not to put off paying capital one, but I had to choose. So now, here I am with $1500 charged to my card when I only spent $800. sigh. $700 in fees? why me? Not to mention the 25% interest. Is there anyway I can get them to settle for the amount I had spent? Any ideas?? I only ask because my mom told me that capital one sent her a letter offering to settle a while back. Is there any hope for me?!?
The only way that a creditor will take a settlement on an account is if the account is at least 3 months past due. The amount of the settlement will be up to them. Your credit will take a huge hit for the late payments being reported. If they do accept a settlement, and the amount you "save" is more than $600.00, they will report it to the government, and you will receive a form 1099C. You will have to claim that amount as earned income on your tax return. A settlement will also reflect negatively on your credit report for 7.5 years, further lenders will see this, and know that you failed to fulfill your loan obligation with the credit card company.
This Site Might Help You. RE: Pay off my capital one card? Ok, I have this capital one credit card w/$1000 limit. I've had it for almost 2 years, haven't used it in a year and a half, yet my balance keeps increasing. I got it when I had great credit for my 20 yr old self. And I had a good promotion: no intrest until July (about 3 months). Thinking...
Wow good thing they are change the age to get a credit card to the age of 21 here is the USA in feb 2010 "I DID NOT receive a statement that month, and neither did my dad who has a cap. 1 card..." Lamest Excuse ever! considering that when i got capital one card i got my first statement YOU know they ALSO offer Online statement (first thing signed up for when I got my card) i used the online method to pay my bill and will Continue doing it even throw I get a paper statement also my age is 21 I am responsible and pay idaho FULL (i Always Keep the Balance Low under $200 across two unsecured cards with $1900 (total credit limit ) (if i do spend more then $200 i save up the money for such item then pay it the same or next day as they allow more then 1 payment in a month) THAT IS WHAT YOU SHOULD HAVE BEEN doing Every month Carrying a Balance is foolish and does not lead to no were good(unless you have the Money to pay it off in full With in a month or two) I think the minimum age to get a credit card should change to 25 to 30 years of age
The card only reports to the credit bureaus once a month and only what shows on your account at that time. If you immediately pay charges, it is likely that no utilization will show when they report. You have to have utilization to build credit. Just keep it simple. Use the card for regular purchases and pay the STATEMENT balance in full every month. That builds credit and avoids interest.
Yes and no! They will settle for less than $1500 but probably not down to $800 again. I know because my husband had a Cap 1 account and he settled with them for a lot less than they were asking but not quite his beginning balance that he had actually spent. The only bad thing about settling is that it affects your credit terribly. My husband credit went down 22 points for settling with Cap. 1 about a month ago. So there is some hope! I hope this helped! Good luck.
Call and let them know what is going on. If I were you, I would get a second and third job to get this put to rest. I really do not care what you do (and neither should you) to earn money and pay this off. There is plenty of hope for you, just work for what you need. Cheers