When u pay the minimum payment on your credit card do u get your full line of credit back?
968151
If you're already at the limit of $300 on the card, paying the $21.21 wont do anything to the available balance because that will go towards interest only.  \n\nYou won't be able to have the limit of $300 until all $300 is paid in full.
710063
Yeah, but they could consider it late regardless.\n\nSome companies have a 3 or 5 day grace period, though.  It should be on your bill.\n\nIf you're unsure, and you REALLY don't want it to be late (even by one day), call your credit card company and see if they have any immediate payment options.  Mine allows automatic bank drafts and also has a western union address, so we can run up to walmart, kroger, or any other place that does western union and pay it, and it posts immediately.
754770
If possible pay more than the min due.  If you pay the min due it will be like that forever and you will pay tons in finance charges.  To you have any assets you can use?  if you have a  house take out a line of equity on your house to pay off your bills.  your payments wont go up much for 4,000.  this will help your credit to clear all those credit cards.
500015
NOT TRUE!!!\n\nI just got done with a Credit management company.  Smart Credit Management Group.  They don't give you a loan to pay off your credit cards, instead you give all of the CC information and they call your creditors on your behalf.  Negotiate lower APR's and monthly payments.  Once your cc company has accepted this offer you send one  monthly payment to your credit management company and they send payments to all of your creditors.\n\nStudly is correct.  \n\nYou will have to pay a small monthly fee for their services.  We paid $48.00 per month.  Which I think is a small price to pay to get your sanity back.  Going from over $1000.00 per month in debt to just a hair over $700.00 was a welcomed relief.  \n\nAlso, if your currently behind in your payments on a regular basis, this wont be any different then that.  The only thing that it did to my credit report is on each of my creditors it showed that I was working with a debt management company.  In which you have to look at your situation and kind of pick your poison as they say.
1178845
Go to one of these and your credit is done.  It will be the same as filing for bankruptcy when it comes to buying a home.  They can get your debt reduced, but this is how they do it.  First they tell you to stop paying your payments (there goes your credit), then when you are about 3 months behind they contact your creditors and make a deal to take less.  If you send them the money sometimes it doesn't get paid anyway.  IF you use one, be very careful.  You should just pay your debt for yourself.  A good book to read that will help you get out of debt is "Total Money Makeover" by Dave Ramsey.
653128
If they dont report the information to the credit bureaus it does not affect your credit.  Going 7 dollars over does not effect your credit if paid within the 30 day period
903930
unless the banks have notified you that the card has been cancelled - cos you missed payments, went over etc., the cards are still active. however, remember that it is so easy to fill them to the hilt again. it starts off as oh its just this one thing, its just this emergency, il pay it back on pay day, then its oh and this thing and that thing, oh ill pay a bit now and the rest later and before you know it, your maxed out and taking out a bigger loan.\n\njust be cautious is all x
891042
The minimum payment on a credit card is calculated typically based on some percent of the balance or some minimum set, like $20, or $50.  \nSo, let's say the company sets $15 as the minimum payment or 5% of the existing balance (The credit card terms spell this out exactly and varies by company).  Let's also say the credit card has a 30 day "grace period" (which means you can pay off the current balance and pay no interest).  Let's also say the interest rate on the card is 20% (for simplicity):\n\nYou have a credit card with a $1,000 limit.\nYou charge $400 on it.  Your next statement would have the following:\nOutstanding Balance:  $400.00\nMinimium payment:  (5% = $20), so you payment would be $20 versus the $15; which is the company's minimum payment.\n\nIf you paid the $20, your outstanding balance would be reduced to $380.  If you charged nothing on it the next month, your next month statement would be:\n\nPrevious Balance:  $380\nInterest Charge:  ($380*20%) - $75\nNew Balance:  $455\nMinimum Payment ($455*.05) = $23.\nSo, if you pay the minimum payment each pay period, you may NEVER pay off the balance because the interest charged could be greater each month than the previous payment.  UGH! \nHOWEVER, provided you keep paying the minimum charges, you will be given a positive report on your credit rating.\n\nNow, let's talk about what you do.  \n\nMonth 1\nOutstanding Balance:  $400\nMinimum Payment:  $20\nYour Payment:  $200\nNew Balance:  $200.\n\nMonth 2 - no new charges\nPrevious Balance:  $200.00\nNew Charges:              0.00\nInterest Charged:    $ 40.00\n\nNew Balance:         $240.00\nMinimum Pay:         $  15.00 (5% is 12.00 so it's the higher of the two)\n\nAt that rate, you will pay the full balance in less than 3 months at $200 per month and would accrue a total of $48.00 over the 3 months.   \n\nNow, from a credit rating perspective:\n.  In the first scenario you would certainly get lots and lots of "good marks" for consistently paying your bill.  Over 12 - 15 months, this would look very "good" and you would have a much bigger balance that might be approaching your total limit.  Depending on your income, though, it wouldn't matter\n\n.  In the second scenario, you get "good marks" for paying on time for the 3 months you have an outstanding balance.  In 12 - 15 months, you would have that record but if you had not added other balances, etc, you would have no other credit 'history'.  \n\nA paradox?  You bet!  In the first scenario, you will actualy be much worse off in terms of your credit balance and the amount of interest you have paid on the $400.  In fact, it will be horrible.\nIn the second scenario, you will have minimized the interest, be in good financial shape, but you will not have the same "successful history".\n\nWhy is this?  Because credit is a number game (no pun intended).  Banks, Credit Card companies, etc. do not want everybody paying on time with high payments.  If people did that, they'd make less money.  Remember, a Bank sees a "deposit" as a liability and a Loan as an Asset (it's how they make money).   So, they often create weird incentives for people to screw up.  See, if you pay the minimum, they charge more interest.  If you go over your limit, they charge a big fee for doing it.  If you call, them, they may very well increase your credit limit or even be willing to issue you another card and give you a check so you can balance the payment (which they will then charge you a cash advance fee for and higher interest rate).  It's how they make money and how they get you sucked in to the point where you probably can't get out.  They have little risk because very often the actual charge against the cards were not that high, it's all the interest and fees you pay that kill you.\n\nSo, what do you do to build a good credit rating without ending up bankrupt and killing it?
44285
You are correct.  The Office of the Comptroller of the Currency has mandated that banks will charge credit card holders a minimum payment of at least 4% of your balance.\n\nWhile this change has been in the works for some time, many banks will begin implementing it soon.  Here's a link from a story in the Cleveland Plain Dealer about the new policy:
564383
ARe you talking about "Kiting" I use one credit card to pay off the balance of another credit card , so I really do not have to make a real payment until I want to. Now that is using credit when credit is DUE!
977398
you get a card based on you past payment history.  Pay it by the terms or they take your card.
310560
That's something you have to ask your credit card company.  When you make payment, try to pay at least $5 more than the minimum due.  It will help you a bit.
994343
Pay the minimum every month plus whatever else you can live without.  At the end of the month if you find youself with alittle extra don't blow it on seex toys throw it at your credit company.
1125612
No! The way to build credit is to get the card and buy something and pay it off. Do this for about 6 months with no defaults in your payments. After 6 months call them and ask for a credit increase. Then buy something and pay it off. Do that for another 6 months to a year and ask for another increase. In the first 6 months other creditors will see that you are doing well (especially if you get the 1st credit increase) and they will send you their cards. No matter what you will pay interest with any card!
910666
If it goes past due...it will hurt your credit score. Ask them if you can make an interest only payment...that should help with a little extra cash and also not hurt your credit. If they agree, make sure you first ask if they will report it as a delinquent payment.\n\nMike\n\n================
223330
Typically, credit card companies will accept any amount you send them - it's money. However, unless you pay the minimum amount due, they will charge you late fees and interest and overlimit fees (if applicable) and cancel your card if they deem it necessary. The only way to help with this is to call the company and calmy explain your situation. They still may not work with you, but there is no way they'll work with you if you just ignore the situation.
1175200
currently, citibank and discover are at either 0 percent to start with and 9 percent after that. many banks you belong to will give you 9 percent cards, but miss a payment or late with a payment and it jumps to 31 percent for six months until you make six payments on time then goes back to 9 percent.