Comments on: Paying Off Your Credit Cards

By: Michael

Michael — Wed, 07 Jan 2009 10:18:17 +0000

I recently paid off about $10,000 in debt and thought I was in the clear. I have been receiving derogatory notes on my credit report saying that I have a bill that is more than 30 days past due and a credit card that is over its limit. I thought there is no way this was possible, since I paid them all off. Turns out my ex girlfriend, who I co signed with on a card over 3 years ago, has been making this mess. Now at the time I left her, a little over a year ago, that card was paid off. It has been a year and a half since I have seen her. She isn’t denying a single thing and is taking all of the blame, is there anything I can do to fix this? I have already seen my credit score take a hit. Should I expect to see it just plummet or do I have some hope?
Thank you so much for your response in advance!

By: Money Hacks Carnival - New Year’s Eve Edition : Cash Money Life

Money Hacks Carnival - New Year’s Eve Edition : Cash Money Life — Wed, 31 Dec 2008 15:57:16 +0000

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By: Edward Jacobsen

Edward Jacobsen — Mon, 29 Dec 2008 15:51:06 +0000

I currently have a bank VISA card with a zero balance and would like to cancel that card and switch to an airlines card. There is an annual fee on the potential new card but the benefits outweigh the fee. I have been told that when the old card is cancelled, it could result in a lowered credit rating. Right now, our credit rating is excellent and I do not wish to jeopardize that rating.
Please advise.