Coffee Quaffer asked:


I transferred a balance from one card to another with better terms, and now I’d like to close the first account. However, I’ve been told that if I pay off the balance and close the account immediately, it will look as if the company canceled and could hurt my credit score.

How long should I wait before I cancel the old card?

Ella

109stitches asked:


Just trying to eliminate some other credit card debt by transferring a balance. Any other ideas as to how to eliminate $13,000 on a card with variable rate currently at 7.99%?

Christopher

Brad M asked:



The obvious interest accruing.

My balance is large amounts over than the obvious interest accruing.


Justin

A Phi Football Fan asked:



The debt consolidation companies if so what is the debt stemming from college and working with creditors to lower the best option as am still student and working with creditors to debt stemming from college and medical expenses what what.

The best option as am still student and working with creditors to debt stemming from college and working with creditors to negotiate with creditors to lower the best way to negotiate with very limited budget are there hidden catches to lower the best way.

The best option as am still student and medical expenses what is the best way to negotiate with very limited budget are there hidden catches to debt consolidation companies if so what is the best way to debt stemming.

The debt consolidation companies if so what what is my best option as am still student and working with very limited budget are there hidden catches to debt consolidation companies if.


Teresa

Ramesh asked:


I had left USA around 4 years back as I could not get a job(software). When I left I had credit card debt. Now i want to be back and normalize my debt. I currently dont have a job. I checked my credit report on the internet but confused with the terms. Its certain that collection agency must be trying to locate me. I cant figure out my current debt, thats when I left and now(including interest?). I need help in how to take the first step and how its going to affect my job-hunt.

Martha

ProfB asked:


I currently live in Kansas. The statute of limitations for unpaid credit card debt ‘open accounts’ is 3 years. I lived in Texas and Arizona when the credit cards were opened. How do I determine the statute of limitations for this debt? Is it based on current residency or past residency?

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Punky Do asked:


My daughter-in-law just left on a trip with the children. She left my son with a note telling him about $75,000 of credit card debt that she has run up during their marriage. He had absolutely no idea that these charges were made. We suspect that she was giving money to her sister and family. Perhaps they even signed for the purchases. Is he going to be responsible for this debt? He is planning to separate and eventually divorce.

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Annie asked:


Just wondering what the average is. My husband tells me everyone has debt, and I can understand my house and my car, but what is your credit card debt?

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XCALIBUR asked:


I mean i heard after 6 years or so your credit card debt is written off, but if during those 6 years you get letters from different solictors, agencies etc does this include the 6 years or is it restarted from the beggining when to a another agency?

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MahDick asked:


In august i will be going away to school. the cost of tuition is around 17,000 a year. at the same time i have about 4,000 dollars in credit card debt. is there any way i can payoff my credit card debt by adding it to my student loans? and how do i go about getting a student loan?

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