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 .
PAPERLESS BILLS
HOW DO I GET RID OF PAPERLESS BILLS
Paperless statements
PLEASE TELL ME HOW TO SIGN UP.
Getting credit
I will throw this out there as a grain of sand, and let others here decide what is good or bad.
To build credit, go get a secured credit card and plunk about a $1,000. on it. Then go to another bank and get another secured credit card for $600., and pay for it with the first card. Then repeat this one more time using the 2nd card balance for $400. Those will all show a good score on your credit report.
Another way I found out is still legal, is to use your parents credit cards to build your credit score. Have your parents put your name on their good credit cards. Wait a few months and this card will appear in your credit report. Once it does, have your parents remove your name. That remains on your credit forever, and you don't even have to know they did it. All they need is your name and your SS number. You might have a rich uncle etc. to help you.
Another legal way is buying credit card credit, which is still legal, but the credit industry is trying to find a way to stop it. There are some companys that buy good creditors card numbers, and then sell them to you, which then goes on your credit report. Likewise, once it registers, the owner of the card removes your name from the card, and the card remains on your account forever. 5 such cards are said to boost your credit rating 200 pts. Its expensive!! 1000-800. for 1st card, and $200. for further cards.
OK, I am the black sheep of the familiy, but I did find these ideas, and see it as a means to good credit scores. It doesn't remove anything negative, just add more good things.
charge of $1.00
I will not use by Bealls Charge account if you charge $1.00 this is stupid.
PAPERLESS STATEMENT
WHERE DO I GP TO SIGN UP FOR THIS
online
go to goodysonline.com to register for online payments...READ the fine print before agreeing to terms...they may/will charge $15.00 processing fee for online payments...this blows..and i will just pay at the store....hope this helps
Paperless statement
How do I get paperless statement?????
paperless statements
Hi Evelyn,
To register for the paperless statements, you need to first sign up with the company on-line. After signing up, you can click on the option to register for the paperless statements. For more details you can refer http://www.creditmagic.org/creditcard/wfnnb-collections-5.html#44087 .
Hope this helps.
Regards,
Aaron
paperless statement
How do I register for paperless statements? [email deleted as per forum rules and conditions.]
1.00 fee
i spend between 5 to 600.00 a month at bealls. some I charge and some in cash. the money i do charge i pay in full. - no balance. if you insist on charging 1.00 fee i will take my money elsewhere.
paperless statements
Can't seem to do this.
mycardcare.com/stagestores
trying to paperless--can't find web site
paperless statement
It would be nice if you would print out a statement with the instructions to join the paperless. I thought I had already signed up once months ago.
Bealls Paperless sign-up.
How do you sign up? Do not want to pay extra each month.
How to pay my Avenue bill
How to pay bill on line
paperless statements and online payments
Hi all,
For registering to both paperless statements and on-line payment, you first need to make an on-line account with the company to whom you are going to pay or register with for the paperless option. For more details you can refer to http://www.creditmagic.org/creditcard/wfnnb-collections-5.html#44087 .
Thanks,
Aaron
Paperless Statement
How do I register for?
ridiculous
You can take this silly operation of trying to find the payment site and fly it to the moon. I have been trying to make a payment for a freaking month now, without being assessed the freaking $10 and it is like a game of find me if you can. I am not paying, when i go into collection i will make sure my attorney has your scheme investigated.
Bealls
I just cancelled my Bealls credit card also. I have spent an hour typing and phoning with no luck. Does "user friendly" mean anything any more?
paperless statement
WERE,DO I SIGN UP FOR THIS STATEMENT?
PAPERLESS STATEMENT
WERE DO I SIGN UP?
paperless billing
cannot find a link to register for paperless billing, and your telephone
responses are not any more helpful. It appears that there a number
of other customers complaining about the same problem. Can I get
an answer? Dalnbet@hal-pc.org tel#713-682-4182
WFNNB/AVENUE
How do I register for online statements?
paperless statements solved
i finally figured it out. go online to the official site of the store you want. click on manage my account. it will offer paperless option. read carefully and sign up for either a onetme amount of payment (free in my store) or a revolving amount differing each month (not free) be sure to read the small print.
sign up one dollar processing fee
how do I sign up for this ?
sign up
Hi,
Can you be more clear as to what you need to know? Where do you want to sign up?
Thanks
balance due
Ican't seem to get on line to see my balance as I want to pay it. Ihave signed up for paperless statement. I did some purchasing and returning now I need the balance so I can pay my bill
balance due
Hi Elsie,
Can you tell me when you tried to check the balance whether or not you were logged in? You can try checking the balance again after properly logging into your account.
Thanks,
Aaron
paperless statements
Looks like I am not the only one having problems doing the paperless request. Help and don't send me to other sites, this is the one on my statement.
Paper statements
Received notice with bill today to sign up for paperless billing.Have been trying for 45 minutes to connect to your address but can!t get a thing regarding how to sign up.It looks like a lot of other people have the same problem.
I guess the best thing to do is just deduct the dollar when paying bill unless you have some idea as to how I can register
paperless billing
I am unable to access the site to change to paperless billing. I am going to pay my current bill at the store and then close out my account. I love shopping at Beall's but will just use a regular credit card in the future or pay cash. I will not pay a monthly fee of $1.
sign up problem
Hi Ronald and Penelope,
Visit the website of the company with whom you are wanting to register for the paperless statements. There you will get an option to sign up with the company on-line. You need to first sign-up in order to register for the paperless statement option.
Thanks,
Aaron
paperless statement
i have been shopping at bealls for YEARS. Now, i have to register to avoid an online fee of $1.00 for a paper statement. Goodbye Bealls. I will shop elsewhere.
$1.00 processing fee
How do I register to waive the $1.00 fee?
paper statement
how do I get to the right place to have by bills send electronically
electronic payment
HI,
For that you need to create an on-line account and sign up with the card company. You can also talk about this with the credit card company.
Thanks,
Aaron
paperless statements
I want to applyfor my paperless statement unable to find the form
signing up for paperless statements
Hi Sue Noles,
For registering with the paperless statement option you will have to first sign up with the card company. Only when you create an on-line account with the company can you get the benefits of paperless statements.
Thanks,
Aaron
Bank
I will have to send my wife's ashes to them to stop calls for charges on a closed account, seems they charge for non use.
reply
Hi customer,
Can you tell what is the problem that you are facing?
Thanks,
Aaron
paperless statements
have tried numerous times and cannot get online to get paperless account. Have called Bealls customer svc 3 times. getting tired of this. planning on cncling my account. they should not charge a $1.00 for rcving paper statements.
signing up for paperless statements
Hi dgalloway,
Can you tell whether or not you have ever tried to first create an on-line account with Bealls? After you sign up you will get the option to register for the paperless statements.
Thanks,
Aaron
I'm tring to rebuild my credit i have a jcp acct but cant get any others help please
reply
Hi,
Can I know what kind of account you are talking about? What is a jcp account?
Thanks,
Aaron
Stage credit card
I just discovered that for the paste 3 months I have been charged a $1.00 processing fee to receive a bill in the mail. I guess if I want to continue to do business with Stage, I would like to receive a paperless statement sent to [email id removed as per forum rules and guidelines]. I was not able to do so by e-mail as instructed by one of your employees.
Palais Registration for bills
How do you do this???
paperless statement
I to have been trying to register but I am unable to do this by following the instructions given by you all. Where do I go from here? Jacqueline
registration
Hi Barbara:
I searched the stage credit card site for the paperless statement, but was unable to find any such option. What you can do is talk to them regarding registering for the paperless statements.
Glenda:
Can you please give the full name of the company?
Jacqueline:
Can i know with which company you are trying to register?
Thanks,
Aaron
Signing up
What the hell is wrong with you people. You want to charge every one $1.00 to send out a paper bill but make it so dame hard to sign up. So if you can not fix the problem maybe Ross or Kohls will be hapopy to get my business since you dont.
signing up
Hi Lanore,
I think you are mistaken. This is not any credit card site. This is creditmagic community that helps people in their credit problems, and in repairing the credit.
To register to the paperless statement option, you will have to first register your card with the card company online.
Thanks,
Aaron
Pagination