Will my credit score drop after switching to no-fee credit card?
Fri, 09/13/2013 15:55
I have a credit card with a major bank. I have been using this card for a long period of time. I have been paying a good amount on the fee for many years. I'm feeling that the fee is too much and so I'm planning to switch to a no-fee credit card with the same bank. My credit score is excellent and I'm planning to buy a condo in Union Springs. Will there be any significant impact upon my credit score because of this move?
By signing up a debt counseling session, your provided details (Name, Email ID and Phone No.) will be forwarded to the company advertising on the DebtCC. However, you have no obligation to use their services.
Some creditors and collection agencies refuse to lower the payoff amount, interest rate, and fees owed by the consumer.
Creditors/collection agencies can make collection calls and file lawsuits against the consumers represented by the debt relief companies.
Debt relief services may have a negative impact on the consumer's creditworthiness and his overall debt amount may increase due to the accumulation of extra fees.
The amount which the consumer saves with the use of debt relief services can be regarded as taxable income.