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  1. I understand the importance of making periodic purchases to keep a card active but I have one question about this. Once I use the card, can I pay it before the bill arrives or does the bill need to show a balance?
  2. Many years ago (20?) I was helped by an organization called CCCS - Consumer Credit Counseling Services. They basically negotiated lower rates with my creditors and I made one monthly payment directly to them. I was able to keep my accounts open but agreed not to use them while I was in the program. It does not look like this organization is still around. Are they under another name or are they gone?
  3. ajcstr


    Gonna try a 0% first with Wells Fargo since I do my banking there and that would be my best option, if that doesn't work then personal loan.
  4. ajcstr


    I have a couple cards at 22% I would like to get the interest lowered on, credit score is 660-700 depending on which one looked at. Don't know if I would qualify for 0% card or personal loan as my utilization is high but I have decent income. Would be willing to close the high rate cards but not ALL cards. Any suggestions?
  5. ajcstr


    Is the current CCCS the same organization that was around 10 years ago? I was on their plan in the past but was not required to close all of my cards in order to be on the plan, I just had to agree not to use them.
  6. I got a notice from Sears that my sears card will be converted to a Sears Master Card. This is by far my oldest card, I have had it since 1978, next oldest is 2001. Is there any reason I should opt out of the conversion? It's going to be a 24% card either way, but at least if its a mastercard, I could use it every few months anywhere instead of going to Sears. My scores are in the 690-700 range (mostly due to utilization % and # cards - never been late on a pmt).
  7. Is Merrick one of those cards that hurts you just to have it? I have currently have a high utilization and was thinking of accepting the offer (1200 limit) just to help with my utilization and never use the card.
  8. That is one thing that concerns me..... I don't know, Capital One is doing a very fine balance chase job on my best buy mastercard right now. They also knocked my regular Best Buy limit from $2k to $105 so I guess that can't chase me too much on that.
  9. Trying to stay away from inquiries right now. I really don't ned the card, really backwards that this much thought has to go into a stupid 100 card. It has a 0 balance so aging is not an issue, as i say, I really don't use it except to buy a DVD here or there.. Seems that whenever I call attention to myself, it seems to bite me somewhere else whch is why I have just left it be
  10. I know closing accounts is a no no normally, but I have 2 Best Buy mastercards and a regular Best Buy card. The 2 MC's have CLs of $5000 and $1000 and the regular card is $100 In this case is there any harm is closing the regular card? Its kinda useless and I have to remember to use it a cople times so THEY don't close it.
  11. Best Buy CCs are going to be taken over by Citi later this year. So you should wait to see what happens... it could be your foot in the door with Citi. Even at $105 to start, that's worth having. Citi is WAY MORE prime than Cap1. Maybe, but they lowered my sears card limit from $6,000 to $750 so they are low on my list.
  12. And on a similar note, Best Buy (my CapOne buddies) lowered my credit limit from $1000 to $105. I just buy a printer cartridge or a DVD every couple months to keep it open. Is there any harm to closing that one or will that cause a CapOne firestorm for me with the other cards?
  13. The best defense I can think of would be to pay down the ones that don't balance chase first, while paying only the minimums on the ones that do. Beyond that, you could open a card or two with GECRB (Walmart, Lowes, JCPenney, etc.) and request regular CLIs on it/them. These are easy to qualify for (especially JCP and Walmart, I think) and generous with CLIs (every 4 months is almost a given if you follow the formula). That would improve your utilization. Whatever you do, don't close anything! That will only hurt you. When you close an account you lose the credit limit but you keep the $ utilization. So it will always raise your utilization percentage. It's the util on revolving debt that really hurts you, not the student loans. OK, so I know CapOne balance chases. Would you suggest Discover or Wells Fargo for me to try? CapOne is my highest interest rate so if they are all going to chase me down I would just stick with them, but if I can improve my utilization, I'll pay down another one first then switch back to the 2 CapOnes.
  14. In most cases, if you set up one of those plans through a third party CCCS, you have to close any account in the plan, and some times you have to close any account period. Really, I thought you had to enroll ALL your cards and agree not to use the, but they would stay open. I would actually be willing to close this one card if I can get a reduced interest rate, can you just set up selective cards?
  15. Would a payment plat through the likes of CCC prevent this ?

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