If they feel you are carrying
balances with other creditors that might make you a riskier bet they can shut you down without warning.
I understand that my request to payoff the credit card
balances with other creditors may take up to 30 (thirty) days.
Not exact matches
Chase comes up
with a basic «limit» and then each charge that causes your
balance to exceed that figure is evaluated based on your account spending and payment history and your experience
with other creditors.
But if you have one or two accounts
with very small
balances and it would make you feel good to get them paid off quickly, send them the remainder (what's left after you pay every
other creditor their monthly minimum), even if the APRs on these accounts are not the highest you're seeing.
Consumers will use all their available cash to pay off or settle a
balance with one
creditor without having a plan for paying
other creditors.
Our firm offers free case reviews at no cost to you to help protect your consumer rights anytime you: • Receive contact from a
creditor or debt collector to collect a debt; • Receive unwanted computerized robocalls or texts to your cell phone (even after you've told them to stop); • Notice inaccurate information on your credit report (even after you disputed
with the credit bureaus); • Obtain a loan, lease, or purchase an item on credit; • Enter into an autopay arrangement
with a
creditor (i.e., gym membership, car loan, etc.); • Purchase a lemon vehicle or
other consumer product; • Need help settling debts for less than the full
balance; or, • Have any
other consumer issue you would like us to look into at no cost to you.
Restricted Universal Default — credit card providers can no longer raise interest on existing credit card
balances based on a customer's payment accounts
with other distinct credit issuers (
other creditors and utility businesses).
At a very general level, this case raises the issue of how the law
balances the interests of pension plan beneficiaries
with those of
other creditors.
Their amounts must be credited in the accounting
balance under «Settlements
with different debtors and
creditors» and «
Other income and expenses».