Once you have compared a number
of different credit card companies and checked their offers, the long - term rates and the benefits to you as a customer, then you will have a better idea of exactly who represents the best deal.
However, if you owe money to
different credit card companies, asking to talk to their officers who deal with debt problems is the simplest thing you can do.
Now,
different credit card companies may behave differently as far as reporting (since reporting is at their discretion), but it's certainly possible for cards with no utilization to appear identically to cards with utilization from a payment history point of view.
Recently on our legal forum a user asked, «I owe thousands of dollars to
different credit card companies.
For example: If you owe $ 20,000 to five
different credit card companies, the credit counselor would create a Debt Management Program for you where you pay the credit counselor, say, $ 500 per month, the money is distributed to your creditors, and over a 40 month period all of your debts are paid off.
For example, if you owe $ 10,000 to three
different credit card companies you could try to work out a plan yourself, but it may be difficult to deal with three different creditors at the same time.
Debt consolidation loans can be a good option for paying off credit card debt.Borrowers can make one lower payment to a lender by consolidating their bills instead of many payments to
different credit card companies.
If you owe $ 10,000 to three
different credit card companies, you could contact them directly (not through a credit counseling company or a bankruptcy attorney or bankruptcy trustee).
I remember writing out those checks to
the different credit card companies (this was before paying online was so easily available).
To transfer a Capital One credit card balance to
a different credit card company, you would follow the same process — except that the Capital One card would be the «transfer from» account.
you can do this by contacting
the different credit card companies to try to get your interest rates lowered and late fees removed.