1. If you spend more than 50% of your credit limit every month, this indicates to the Credit Bureau that you do NOT have enough cash on hand to meet your monthly expenses. This will identify you as a high credit risk and will actually reduce your credit score by 60 - 70 points overnight (Fair
Isaac).
2. If you miss 1 or 2 payments on your credit card debt, the issuing company will skyrocket your interest rate to a whopping 27% -
30%!
3. Out of a random sample of 3 million American consumers (included in Experian's National Score Index), 51% of them have at least 2 credit cards and 14% of them have 10 or more credit cards.
Debt consolidation Policies of 319 King - Shoppers Charge Accounts
Other Names:
Physical Address:
2350 East 120th Street, Los Angeles
California, 90059
Phone #:
(323) 756-6389
Their Cut (Fair Share):
Electronic Payments ->
10%
Paper Check -> 0%
Late Fees Charges:
n/a
Interest Rate Charged:
6%
Fresh Status:
Fresh Status achieved after 3
months of regular on time payments.
Minimum Payment Accepted:
Debtor must pay 50% of the original
debt payment to get a debt consolidation policy.
Account #'s:
16 Digit Account #'s beginning
with 199001.
New Policies, Notes:
- The firm does not deduct
fair share if payments are made via paper check.
- Firm works with other collection
agencies to determine validity and eligibility of your
debt consolidation policy.
Other Names:
This is the other names that the debt consolidation firm possesses.
You can use these other names to check Better Business Bureau
(BBB) records of the firm.
Physical Address: This
is the physical location of the debt consolidation firm. If the
field is blank, please help us by providing us with the address
of the firm.
Phone #: You can reach
the debt consolidation firm at this phone #.
Their Cut (Fair Share): The debt consolidation firm will negotiate your debts with other
creditors. In this, they will also take their "cut"
or "fair share." For example, if your monthly payment
is $400, the debt consolidation firm will deduct an automatic
10% of this ($40) and pass on the $360 to the creditors to
whom you owe debts.
Late Fees Charges: This
is the charges they put against any late payments you make
while on your debt consolidation program.
Interest Rate Charged: This
is the reduced interest rate you will be paying to your creditors
whilst under the debt consolidation program.
Fresh Status: If you pay
your bills regularly every month, the creditors might give
your account a fresh status and re age your accounts.
Minimum Payment Accepted: This is the minimum monthly payments you must make to your
creditors whilst under the debt consolidation program.
Account #'s: This is the
pattern with which your creditors assign Account numbers.
This will help you in locating any of your creditors.
New Policies, Notes: This
shows any new policies being implemented by your creditors
that will affect your debt consolidation program.
