It has been well documented that consumers who are having credit card trouble do so owing to default or bad credit. Credit cards that have good to excellent credit or no credit accounts are considered as better credit cards.
Although credit card companies often use their own jargon and phrases when setting up credit card accounts, credit card companies are always quoting the companies themselves or in English or French. This can be extremely frustrating to consumers who will probably not understand the company using the phrases that most consumers today use to describe high-risk companies like credit card companies.
The only way to answer such problems right is to ask the customer for copies of documentation related to the credit card companies that discloses satisfactory credit limits and the amount of money owed.
If the credit card providers have not given you the answer you need to find a solution to your credit card trouble by contacting one of the lenders. Follow the simple tips provided below to get rid of credit card debt from your bad credit credit history.
(Also with the help of these tips, you have overcome a tough problem with credit cards and found a practical solution to the troubles.)
1. Credit card lenders don’t report your credit history to the credit bureaus because it is a confidential report.
A credit report is your report on the credit history of the individual who borrowed the money. Credit reports are extremely helpful in the long run, provided that you pay off the bill within seven days by certified mail.
It is also necessary that credit card reports show if you have been seriously delinquent in paying any of the bills. If you don’t answer the credit card application or credit card application form one way or another, you are in trouble. If you do answer the credit card application, and there is no answer right there, it could cost you your job.
2. Your credit rating may be damaged if you incur late fees, late payment fees, fees for refunds or credit limits exceeding the credit limit, or false information being provided to credit bureaus.
Try to pay all your credit card payments on time. One of the most important factors in preventing bad credit is to pay your bills on time and be prepared for any legal action or penalty that may come your way if you are ruled wrong.
3. Credit card companies can make huge profits because of their advertising techniques and practices.
The main feature of credit card ads in newspapers and on TV is a powerful symbolic message saying, ‘Credit Card Companies Claim’. The ad says, ‘Please pay Your Bill On Time and Keep Your Credit Score High’. In effect, this ads says ‘Remember, Your Credit Score & Credit History are Your Creditor’ – They did it for the pride of getting their money!’
The bank sponsoring these TV advertisements is famous for their motto ‘Keep Your Credit Score High – And Pay Off Your Credit Card All together!’
4. Credit card lenders can become aggressive if you don’t pay off your credit card debt by the due date.
Credit card lending companies are trying all kinds of extraordinary and expensive means to extract concessions for consumers who are having trouble paying credit card bills and do not have sufficient funds.
For these debtors they try to apply for more credit cards.
However, these loans usually go unanswered if they continue making their payments but can fail unless you pay off your entire credit card bill with the specified deadline and due date.
Somewhat surprisingly the credit card industry is exploiting consumer fears of illegal and fraudulent lending to increase their profits substantially.
For example, most banks are increasing their interest rates to match their lending activities. The banks are often seeking approvals via the ‘insist’ box. This is a sort of ‘check to see if you actually want to borrow or not. If the ask’s doesn’t go through what banks will sometimes try to understand your reasons for having financial difficulties and wanting to borrow, so it’s possible that you simply got under the guard over the payments or just didn’t notice the conditions beyond the point. The insists box is a pretty good way of asking if you want borrow.
The process is a bit more complicated than the traditional check to see if you actually want or just what banks see inside the system. The insist box often contains the letters ‘NO’ and some sort of catch clauses, but again, they will not be seeing through the fake check.
These bogus check have been designed to look for any kind of payment that is not payment, like your credit card balance, or else you credit limit. If you read the catch clauses, there are usually a lot of ‘no’ clauses, so the chances of you actually wanting or wanting one are slim to none.