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Archive for October, 2008

How can I get out of the payday loan trap?

Jean asked:


I have fallen into the payday loan trap and am looking for a way out. Any advice will be appreciated.

Emma

What is the difference between a credit card and a pre approved credit card or is there no difference?

kita asked:


I am looking to raise my credit score and I have been turned down buy credit card companies and I spoke with someone that said I could get a pre approved credit card but i thought all credit cards were pre approved. Please help me I need to raise my credit score. Thanks

Marilyn

If I consolidate my student loan with a personal loan can I still write off the interest?

MLE asked:


I had a federal student loan which I consolidated about 8 years ago to someone who eventually sold that loan to Citibank. I pay about 8.35% in interest. I am considering paying off that student loan with a personal loan where I can get a better interest rate. If I do this will I still be able to write off the interest I pay on my taxes?

Eileen

Has anyone used a payday loan company?

deptofstate asked:


Are payday loan companies you find online reputable? If you have used one, had a good or bad experience, please let me know?

Jean

Can credit card companies close your accounts without warning? How does it affect your credit score?

Sara asked:


I received a letter in the mail from Juniper (iTunes Rewards) stating that they have closed my credit card account due to inactivity. I opened the account about 18 months ago and have never actually used it. Can they close my account just like that without any warning? How should I handle the situation? (Is there anything I can even do?)

Also, I know that closing credit card accounts lowers your credit score. Does anyone know how much mine will be affected?

Carolyn

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