If you are having problems managing your credit card bills and your accounts have been handed over to a collection agency, you can try consolidating your debts. Consolidating credit card helps you to pay off your debts more easily because all the debts are consolidated into a single debt and lowers the interest rate on your debt.
Ways to consolidate credit card debt
There are various ways that you can consolidate your credit card debt. They are as follows:
- Get a home equity loan – You can take out a low interest home equity loan and try to pay off your credit card bills. This loan is taken against the equity that has built up on your home. The interest rate on HELOC is generally low, which will make it easier to pay down the loan.
- Get a personal loan – You can try to get a personal loan from your bank to pay off your credit card bills. However, personal loans generally charge high interest rates. So, you need to have a really good credit score to qualify for a personal loan with a comparatively low interest rate.
- Do a balance transfer – You can transfer the balances from all your high interest credit cards to one with a low interest rate. Thus, all your bills are consolidated into a single obligation. If you don't have a low interest credit card but you have good credit score, you can transfer the balances from all your cards into a new card that offers a 0% interest rate. However, you should try to pay off the debt within this 0% offer period. The offer period generally lasts for 6 months to one year, depending on the credit card company. Most companies also charge a balance transfer fee for each account you transfer. So be careful when doing a balance transfer or you might end up in more debt.
- Enroll in debt consolidation program – If you can't consolidate your credit card bills on your own, you can get help from a credit or debt management company. The agency will first analyze your financial situation and then enroll you into a debt consolidation program, if needed. During the debt consolidation program the counselor negotiates with your creditors to lower your monthly payments by reducing or eliminating your interest and late fees.
Advantages of credit card debt consolidation
There are many advantages to credit card debt consolidation. They are:
- Several debts are consolidated into one – When you have several debts, it becomes really complicated, as you are required to make several payments each month. However, when all your debts are consolidated into one, you are required to make a single monthly payment toward that single debt.
- Interest rate lowered – With debt consolidation, the interest rate is lowered and therefore it becomes much easier for you to make the regular monthly payments. You are relieved from the stress of making high monthly payments.
- Credit is not hurt – Unlike debt settlement, with debt consolidation, you repay the entire amount of your debt, instead of part of it. Therefore, your credit is not hurt.
Disadvantages of credit consolidation
Credit card consolidation helps you to pay off your credit cards bills easily enough. However, there are some disadvantages to it:
- Risk to your asset – If you take out secured loans there is a risk of losing your assets. If you fail to pay back the debt, your assets may be seized. For example, if you get a HELOC to pay off your credit card bills and then you fail to pay back the debt, your home may get foreclosed on.
- Accumulate more debt – You can end up accumulating more debt through debt consolidation because you take out new loan to pay off your credit card bills. Also, if you do a balance transfer, theinterest rate on the new credit card can increase, thereby increasing your outstanding debt amount.
- You can end up paying more in interest – If you make low monthly payments while in a consolidation program, you end up paying more toward the interest, as you are taking a longer time to pay off your debt.
- Scam credit consolidation companies – The credit consolidation company you are trusting to help you get out of debt could be running a scam. Thus, it is important to check the authenticity of the company.
However, there are various other ways that you can try managing your credit card debt, like debt settlement, negotiating repayment plans, etc. For more details refer http://www.creditmagic.org/card/debt-management.html .
reply
Hi James,
This is not a site of "mycadre.com". This is credit magic forum, where people discuss their problems on credit and debt.
You can feel free to discuss your queries here, if you have any problem regarding credit and debt.
Hope this helps.
Regards,
Aaron
peebles bill
i just got my bill and they assessed me 1.00 for a paper statement, i was unaware of this charge and how do i eliminate it. there is nothing on this site to assist me
$1.00 charge
can't seem to get on line for paperless statements.Will cancel acct if charged,
reply
Hi Lucille:
You need to pay the amount on the bill to the company to whom you owe.
Richard:
Can you be more clear on what you need to know? If you would have been more clear, i would have been able to help you with your problem.
Thanks,
Aaron
$1.00 processing fee
How do I register for paperless statements?
paperless statements
Hi Cilda,
As far as I understand, to register for the paperless statements, you can first register for the digital banking of the company and then click on the paperless statements to register.
Hope this helps,
Regards
Aaron
Bealls Florida Card
Can't find them on the Web, so I can ask for paperless statement..
to register
how to resister?
register
Hi Margaret,
Can you tell me where do you want to register?
Hope this helps.
Regards,
Aaron
paperless statement
Please send my statements to:
helen409@sbcglobal.net
TO REGISTER FOR PAPER STATEMENT
I CANNOT F8IND SITE. ACCORDING TO THE ABOVE MESSAGES I'M NOT THE ONLY ONE IN THE DARK.
paperless
I think it is ridiculous that they are charging you to use the account. I also cannot access the web page.
billing
what's the deal, you say you are going to charge a a$1.OO FOR PAPER billing then when i go on to the web site yousay to, it says no match. i guess i'll quite shopping at Beall's. kohl's doesn't do this. i was a loyal shopper and paid off my bill every month.......
paperless statements
I would like to register for the paperless statements. I do not want to be charged $1.00 for a printed statement each month.
paperless statements
Hi:
Can you all tell me the name of the company where you are wanting to register for the paperless statements, or are facing problems in accessing the web page.
Heather:
Can you tell me which website you are facing problems with? I think you are mistaken about this site. This is a community where the members help each other solve their credit and debt problems. You too can feel free to discuss your problem in the forum.
Thanks,
Aaron
paperless billing
Will you deduct this first $1.00 fee I am signing up now? thankyou Jeanette d Crockett
i had wamu
wamu is now chase
reply
Hi Jeanette:
Can you tell me with which company you are signing up?
Queen:
Yes Washington Mutual has now changed to Chase Bank.
Thanks,
Aaron
processing fee
This month when i received my peebles bill there is a processing fee of a $1, it tells me to go to mycard.com/stagestores to register
to waive this fee with paperless statement, where do i go?
processing fee
Hi Maple,
Your query has been answered at http://www.creditmagic.org/pub/online-card-access-3.html#43787 .
If you have any other query, you can feel free to discuss in the forum.
Thanks,
Aaron
Paperless statements
How do I register for paperless statements?
Bealls credit card
I need to register my card to get paperless statements.
paperless statements
Hi Norma and Brenda,
To register for the paperless statements you must first log into your online account. Once you've done that you need to click on the "Enroll in paperless statements" and then on switch to paperless statements. This will be in the Account News section of the Welcome Page. Then click on Maintenance - My Profile. Here you will find a statement that will ask you to consent to the paperless statement option.
Hope this helps.
Regards,
Aaron
WFNNB is a sham
My only dealings with them have been in the last week. I submitted an online payment on a credit card for a store in February. It was the first bill on that credit card ever. I got a call Saturday (less than a month later) saying I never sent a payment. The caller was rude and called me names. I checked into it and it turns out the store has the record of the online payment, but WFNNB failed to process it correctly. Instead of apologizing, they are still charging me late fees and interest and will not back down. I paid the full amount fees and all (including what I submitted last month plus the fraudulent fees) just to be rid of them and they are still calling. I am reporting this crime bank to any agency, attorney general and consumer website I can find. No one should be attacked in their home by these monsters even if the person is at fault. But, certainly, when the bank is at fault, they should be begging me to continue doing business with them. Instead they have harassed me several times a day. They are trash. I will never shop in that store again and I want to know who else they handle for credit because I want those stores to know I will not do business with them either because of WFNNB's actions.
paperles statements
How do I sign up for paperless statements to waive the $1.00 fee?
my question
Do you answer questions? Is this just the run-around I am getting?
I want to be able to get paperless statements...
paperless statements
Hi Janet,
To get the facility of paperless statements you must first log into your online account. After that you need to click on the "Enroll in paperless statements" and then switch to the paperless statements. This will be in the Account News section of the Welcome Page. Then click on Maintenance - My Profile. Here you will find a statement that will ask you to consent to the paperless statement option.
Hope this helps.
Regards,
Aaron
mycardcare.com/stagestores
For those of you trying to register for the paperless statements, you have to go to: onlineaccess.mycreditcard.cc/stagestores
register for paperless
I can't find a place to register for paperless statements.
paperless statements
Hi Barbara,
To register for paperless statements, you need to first create an online account with that company with which you want to register. After logging into that account, you will get an option to register to the paperless statements. There you can register yourself for the paperless statements option.
Thanks,
Aaron
paperless statement
I also am unable to find where to register for mycardcare.com/beallsflorida
What do I do?
First time user registration
I wish to create an online account under Enroll in paperless statements.
paperless statements
Hi Eva and Arthur,
You need to first create an online account with the card company with whom you want to register yourself for the paperless statements. Then after logging into your account, you will get an option to register to the paperless statements.
Thanks,
Aaron
Paperless Statement Registration
Can you all tell me the name of the company where you are wanting me to register for the paperless statements. I am facing problems in accessing the web page.
Johnny
paperless statements registration
Hi Johnny,
I think you have confused this site with some credit card company or bank. However, this creditmagic community where the members help each other solve their credit problems.
To register in the paperless statements of a card company or bank, you first need to create an on-line account with the company. After signing up, you will get an option to sign in or register for the paperless statements.
Hope this helps.
Regards,
Aaron
applying for computer-generated statement
How do I find an application so I can have my Bealls statement sent over the internet?
$1.00 charge for paper statements/impossible to sign-up onli
I agree with several other comments.
If you want us to pay online, then make it doable.
I am canceling my Bealls credit card.
paperless statements
give us the correct site to log on
paperless statements
I too, will cancel my Bealls account if not given correct website address and instructions to sign up for paperless statements
Paperless Statement
How do I sign up
paperless statement
You need to get the sight taken care of first before you start charging people $1.00 for a paper statement. If you made it easy to log in it would be different. I am having a problem finding where to sign up. You need to be more user friendly
Registering for an on-line account.
I am having difficulty registering for an on-line account using my Bealls Credit Card. I entered its numbers and a password. It will not accept it. I did not have a password with my store credit card that I can remember. This is totally confusing. I cannot find the e-mail address that was put on my bill.
Please help a faithfull customer.
billpay
how should I get paperless statements when I can't find the sight to sign up ?? I am not going to pay $1.00 every time I pay my bill.
paperless statements
for ( palais royal) paperless statements use "onlineaccess.mycreditcard.cc/stagestores".
paperless statements
Hi all:
To sign in to the option for paperless statements, you all first need to sign up with company with whom you are trying to register for the paperless statements. Then you will get the option to register to the paperless statements. For more details you can refer http://www.creditmagic.org/creditcard/wfnnb-collections-5.html#44087 .
Hi vbginnyb:
I think you have mistaken this site for the company with whom you are trying to register for the paperless statements. However, this is a community where the members help each other solve their credit problems.
Hope that this will be of some help.
Thanks,
Aaron
paperless statements
send my bills to [mail address has been removed as per the terms and conditions of the community]
Paperless statements
I'm like everyone else my statement tells me to go to this site to receive paperless statements. I don't see a site for this.
registering for paperless statements
have gone to site suggested on the bealls bill to register for paperless statements, but find no direction or where to click to do this.
reply
Hi Phyllis:
I think you have mistaken this site for a credit card company. However, creditmagic is a community where the members help each other solve their credit problems. You too can feel free to discuss your problem in the forum.
Patricia:
Can you tell the name of the company?
Joanne:
You need to visit "https://onlineaccess.mycreditcard.cc/stagestores" first to register for the paperless statements. After you visit this page, you will get the option to register on line. Only then can you access other options in which is included the registration for paperless statements.
Thanks,
Aaron
1.00 FEE
ON PEEBLEES CARD
iF IT'S SO EASY TO REGISTER HOW COME I CAN'T.NOTHING ON THIS SITE TO SIGN UP'
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