http://www.askmrcreditcard.com/creditcardblog/will-creating-a-repayment-plan-with-your-credit-card-company-hurt-your-credit-score/ Latest Credit Card News, Reviews and Information Thu, 09 Feb 2012 07:48:57 +0000 hourly 1 http://wordpress.org/?v=3.3.1 http://www.askmrcreditcard.com/creditcardblog/will-creating-a-repayment-plan-with-your-credit-card-company-hurt-your-credit-score/comment-page-1/#comment-272787 Erin Tue, 24 Jan 2012 16:30:40 +0000 http://www.askmrcreditcard.com/creditcardblog/?p=639#comment-272787 I recently made a payment plan with one of my credit cards all due to a banking mix up. I could not pay the due amount and was told it would not affect my credit as long as I went on the plan. I stayed on the plan for 6 months. They removed fees and lowed my payments for 6 months. During these six months it was understood that I would not be able to use the card. I paid all payments on time. Then when I came off the plan, they took my entire credit limit to $0. So at this point it looked like I owed over $1000 but had a $0 limit. I pulled my credit after the six months and realized they had still reported the late payment but reported an available balance of $1500 even though I really didn't have anything available. Now they have lowed my limit on my card (and reflecting on credit) to $250 so on my credit it looks like I am over the limit by nearly $700. How is this right???? I could have just had one late payment reported. The plan did me no good and they are still messing up my credit!!! Do I close the account?? I recently made a payment plan with one of my credit cards all due to a banking mix up. I could not pay the due amount and was told it would not affect my credit as long as I went on the plan. I stayed on the plan for 6 months. They removed fees and lowed my payments for 6 months. During these six months it was understood that I would not be able to use the card. I paid all payments on time. Then when I came off the plan, they took my entire credit limit to $0. So at this point it looked like I owed over $1000 but had a $0 limit. I pulled my credit after the six months and realized they had still reported the late payment but reported an available balance of $1500 even though I really didn’t have anything available. Now they have lowed my limit on my card (and reflecting on credit) to $250 so on my credit it looks like I am over the limit by nearly $700. How is this right???? I could have just had one late payment reported. The plan did me no good and they are still messing up my credit!!! Do I close the account??

]]> http://www.askmrcreditcard.com/creditcardblog/will-creating-a-repayment-plan-with-your-credit-card-company-hurt-your-credit-score/comment-page-1/#comment-95543 ashley Wed, 21 Jan 2009 16:07:04 +0000 http://www.askmrcreditcard.com/creditcardblog/?p=639#comment-95543 I have a credit crad that's been in debt for the passed 3 years. The credit it self was only worth 400 bucks but when talking to C.A they wanted me to pay 600 bucks. Is it ok to haggle with them? I have a credit crad that’s been in debt for the passed 3 years. The credit it self was only worth 400 bucks but when talking to C.A they wanted me to pay 600 bucks. Is it ok to haggle with them?

]]> http://www.askmrcreditcard.com/creditcardblog/will-creating-a-repayment-plan-with-your-credit-card-company-hurt-your-credit-score/comment-page-1/#comment-83686 GENE RILEY Mon, 22 Sep 2008 23:27:38 +0000 http://www.askmrcreditcard.com/creditcardblog/?p=639#comment-83686 how do you start a prepayment plan with a credit card company? how do you start a prepayment plan with a credit card company?

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