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I have 3 capital one accounts. I have Walmart Venture and Teamsters accounts. My Walmart account has a 7k limit, 700 over limit with 22.9% interest. Venture 4k maxed, Teamsters 5k maxed. I am about 6 months behind, just stopped paying. My credit card balances are way too high across all my accounts. Trying to avoid bankruptcy, I decided to go the chargeoff/settlement route. They have been calling about Walmart, I haven't answered. Will the settle with pfd on the credit reporting. If I Charge-off the Walmart card, will they close my other cards. I have made arrangements with other banks, closed 3 chase, still making payments with zero interest. Amex payment plan with reduced interest (not closed). The only offer I got from capital One was late fees waived. I would like to keep my Teamsters credit card, since it is the oldest

Credit card hardship questions. I have accumulated about 130k in cc debt mostly due to failing business. I have been in business for over 30 years and been sinking for about 5 years. I am starting a full time job and will work the business part time. I should take home about 4k a month from the new job. Most of my cards are close to 100% util. Min CC payments are just under 4k a month. I live bare minimum, no car payment. I have a mortgage and home eq line about 1200, 1000 shop rent 6k penfed loan. I would like to avoid bankruptcy and try hardship programs to cut interest. I have been reading here about hardship programs. I currently have zero negatives or lates on credit report. Scores roughly 640 due to utilization. Here is a rough list of cards, 3 are business (personal guarantee) cards not showing in utilization. Amex business $9700 21.24% Amex $200 23.99 Amex $700 23.5 Usaa 3800 16.99 Usaa 7700 11.99 Paypal sync 8000 26.24 citi 7900 19.99 citi business 8000 14.99 bofa business 11182 23.24 bofa pers 6000 14.99 lowes 30.00 (10k limit) 26.99 penfed 7300 11.99 cap1 walmart 6700 25.20 cap1 3300 21.25 cap1 teamster 5000 19.99 discover 9376 24.99 chase amazon 2200 23.24 chase slate 5700 18.99 chase freedom 1800 20.74 chase inc business 9900 14.99 NFCU 17000 16.65 community pwr credit union 6000 9.88 I would like to keep as many cards open as I can. My question is which banks are easiest to get into hardship program and keep the cards. USAA is my oldest, I plan on not touching them or penfed and my low interest community pwr card. I did call NFCU, they said they can close the card and offer 6% interest, but I plan on keeping that card open. Which banks are easiest to get into hardship programs? Citi has balance chased my limit. Another question is how they handle business cards. If I call chase, citi or cap1 would I have to put all cards in the program, or can I leave one out. I plan on paying my 2 personal amex cards down, do they have a hardship program for amex business cards? I plan on refinancing my mortgage if I can get utilization down, so I want to avoid any negatives on credit report. What are hardship options without any lates? I have a signup bonus coming, so I will use that to pay down some.

That is in the plan, but am waiting til next year before applying for any credit. Plus I showed a loss last year. It is mostly a what if scenario. I buy cars at auctions and could certainly use traditional dealer financing floor plans, but they are expensive. Without getting drawn out there are times when something comes up unexpected and I may have 30 seconds to decide.

I haven't posted or visited Creditboards in some time, thanks to everything I learned here. My credit score is much improved and slowly climbs as accounts age. I have quite a few cards now. I have a general question on credit card cash advances. I know they are not good and all that, but I have a lot of cash flow. I am self employed and usually pay off my cards in large chunks. I did have a problem once with USAA. I used their free cash advance feature to transfer from card to checking and they lowered my card limit. My general question is which banks are friendly or unfriendly to cash advances. My current util is about 20% but I will be paying that down. I have: 2 amex credit cards cash and blue bofa cash rewards chase amazon, slate, freedom citi simplicity lowes paypal MC cap1 rewards , teamsters Penfed Navy fcu Usaa visa and MY comm powered credit union

I have three business credit cards that don't report to personal credit. I have a Bofa cash rewards with 12k limit and balance close to zero with a 2400 cash advance limit. I also have personal bofa card with low balance. I have a Chase ink card with 50% util and 2000 cash advance limit. I also have chase personal cards. I know personal cash advances are red flags to credit card companies, but I am wondering how business cash advances are treated. If I took cash advances on either card would they flag my personal cards? Anyone use max cash advance on their business cards? I use a lot of cash in my business and occasionally need immediate cash for very short term. Thanks

The slate is only a month old, amazon is about 7 -8 months with zero balance. Slate has about 4k of balance transfers

I have a chase slate and chase amazon. Chase slate is 8700, amazon 2300. I asked for a cli on the amazon card. They said no without transfer from slate. (They did inc from 2000-2300) I want to apply for chase INC bus cash rewards. What are my chances with max personal limit?

I just received my chase slate card with a 8700 limit. I am currently at 19% util with 14 cards. (I paid off one card which will lower it in a week to about 14%). My limits will be 74k after this card reports. I want to utilize the balance transfer offer to the max without killing fico score. Usaa facos are 25-745. Walmart fico is 720. How much can I put on this card without dropping fico too much? If there is a spreadsheet already I missed it.

I understand the acverage the last two years, but this year I have two incomes. My income this year will only be part of my self employment income. I am working a fulltime paystub job with suplemental self employment income. If they average my last two years and add that to my current salary that would double my income. That would work if I was in two places at once.

I am applying for a home equity line. They pulled my fico from transunion of 705. I have current income of 45K but also self employment income. My self employment is part time. I have tax returns for last two years showing 40--45k income, some w2 from part time job. My self employ income will be lower this year due to full time job. How can they calculate and add in my current self employment which i figure net profit to be 15-20k. I need to get my DTI down. I have been self employed for 27 years. Would they use bank statements?. How is that calculated?

I went and applied with M&T bank for their heloc. I have a loan with them for an rv, I have had for a few years and they sent me a preapproval letter with march 31 deadline. They pulled my credit and that went ok. The loan officer mentioned filing a tax extension form in lieu of tax returns for 2012; since I have not done 2012 taxes. I have 1099's for 2012, that show 20K in income, can I use bank statements? anyone have experience with M&T?

I am looking at loan options for home equity loan, line of credit or refinance. I have just switched jobs in my same field (auto repair). My last 2 year taxes should show a loss ( low income in 2011). I had a w2 job in December 2012 (about 3 weeks). My income from new job in 2013 is listed at 45K. I started 12/28/2012. I am not sure if this helps but worked for same company for 3 months in 2011, so I am listed as an employee since 2011. I have owned my home since 1996, mortgage balance is 78K,6.7%, value 140-150K, so I am wonderling what loan options I would have at this time if any. CC balance 13K, 41K limits (34% util). I would like to get some cash out and pay off some CC debt. Ideally I would like a refi with line of credit, but doubt that is possible. I would look at any loan options, even personal. I have not filed for 2012 yet, but am going to do my best to show a loss.

I am working on that next. Got the amex for cs and walmart for free fico

what if I add 3 more

Its been a year since my last new cards, bofa and nfcu. MY aaoc is between 6-7 on each cra. I just added 4 new cards. amex blue cc 1k limit (not bumpable on EX), walmart 1k discover, amazon 2k visa, discover it. How will the 4 new cards effect fico? I should be able to bump eq anf transunion to zero inq, 3 on EX. I am guessing aaoc will drop to 5-6 yers, Is there a spreadsheet for multiple new accounts?