Question: Can you increase security by not signing the back of your credit card?

Answer: To all of those addressing or questioning this issue. Read the back of your card. It says "Not valid unless signed" If you do not sign the card, you do not agree to the terms and conditions of the card. This means that the issuing authority may not be obl

Question: Do you have to pay off your credit cards if you are permanently leaving the country?

Answer: Be careful. I know there is great temptation to do a last shopping spree before you leave this capitalist mecca. The answer depends on your future plans in your new country and what country you're moving to. For example, someone I know has pulled it off

Question: What is the highest interest rate allowed by law for an unpaid credit card?

Answer: All states have a "usery law" not sure but it may also be a Federal Law. Not sure what it is but you can look it up under usery laws.

Question: How do you understand credit card application terminology?

Answer: All credit card applications (click for a sample) must contain certain key information in a disclosure box. Here's how to interpret those terms. All credit card applications (click for a sample) must contain certain key information in a disclo

Question: What is the process for when a collection agency sues you for a credit card debt you owe?

Answer: Collection agencies do not have the power to initiate a lawsuit. They may refer an account to an attorney licensed in the debtor's state, who can then file a lawsuit. The debtor/defendant will receive a summons with a date to appear in court, if the defen

Question: Should you do a credit card consolidation?

Answer: Credit card consolidation allows you to make just one payment to the consolidator, instead of numerous smaller payments to many cards. Be cautious of credit card consolidation and other debt consolidation plans. These plans are not always the best option

Question: What should you do if you are deep in credit card debt?

Answer: Be very careful using any kind of debt consoladation service or any kind of debt help. The best thing is to contact an attorney and see what your state laws are you may not be as bad off as you think. Most judges don't have a lot of sympathy for credit ca

Question: Is there a time limitation on collecting a charge account?

Answer: Credit card co's usually will hold an account until it is 180 days, before taking actions against it, charging it off, placing with an attorney, selling to third party collecions, etc.

Question: Can you do a balance transfer from someone else's credit card?

Answer: Yes, you can. I've done it at least 5 times. I helped my family by transferring their credit card balances that had a 24% apr rate to mine with a 3.9 apr. I've stopped doing it altogether however. You do something like this to help people you care about o

Question: Where can you get help for a dispute with a credit card company?

Answer: I would start by calling your state's Better Business Bureau. Every state has one. If they can't help you directly, they can help you find someone who can.