Once you have disputed the charges with the sources you will then contact your card provider and let them know what occurred. If you are lucky enough to have a credit card with bad credit, use the card to repay your debts and then meet the monthly installments on the credit card each month. Ironically, you are getting out of debt while going in debt deeper. It is a solution when all else false. In other words, if you use the card to pay your debts each month and then payoff your credit cards the following month and then turnaround and uses the card to pay that month bills….
Now you see where I am going. Credit cards have interest rates so the bills each month on the card will increase.
No, Credit…No Problem
I do not need a credit line or credit card; I pay all my bills each month with money. Is this you? Well then, you have the obvious answer, but what if…
In today's world, we are moving into an era that requires us to have at least one major credit card. When you phone any business where you have debts, they will first ask you to pay with a credit card. If you go apply for a job, apartment, mortgage, car loan, or any other credit line you most likely will get a rejection notice in the mail. Most lenders will not give credit to anyone that has no credit history. The reason is that we are expected to establish a credit line when we are teens, and if we do not the lenders are often suspicious. The lenders do not have an idea and can only base their judgments of you on assumptions. Can I assume this person will make monthly payments on time? Has this person taken for granted a loan from a friend or family member in the past and there are no records available for me to see if it is true? There are many reasons that lenders will refuse you a loan if you do not have a credit history. The best solution is starting up a line of credit now, pay off your dues on time and avoid making purchases on items you do not really need. Staying out of debt means regulating your money each month and paying your bills on time.