Finance Questions

Posts Tagged ‘chase’

Question: How long does a credit card need to be paid off to stop getting hit with finance charges?

So here's the next question in my credit-card cleanup.
I have a card that I just paid off, and it has an excellent APR on purchases. Now, I'm sure I should just ask the credit company, but why not pick the brains of the Yahoo! Answerers out there and see what you think?
How long do I need to have the card at $0 balance to stop getting hit with finance charges? The card I have charges on the average daily balance, which can be quite high in a month I've had a lot of activity, even if I paid off the last statement in full. I don't think my card has a "no charges on new purchases" clause but I can find out. It is a Chase Amazon.com Visa, signed up for it several years ago when the AP was a fixed 8.9%
What I'd like to do, though, is get the card to $0 balance and just continue to pay off in full monthly, to avoid Finance Charge. Or, is it too late for that now?

Answer: as long as there's a balance you will be charged. If you have paid it off in full, there should be no charges on your next statement. Depends on when payment was made. You might be hit with one more charge, but after that there shouldn't be any.

Chase Credit Card Ripoff Scam (part 1)

Question: Can car dealerships run Inquires six months later?

On jan. 15 2008 I bought a car w/citi fin. auto as my lender. so i tought . i reviced a call from chase auto fin. trying to finance the car. on my contract it states that citi fin auto is my lender but did not reviced any paperwork. so i call the dealship and told me to my the check out to citi fin auto and send it to the dealship. So i been sending it to them but the check has not clear the bank. they told me they are looking for another lender to finance me . but i was not told this after they run 8 inquires. is this legal ? what should i do

Answer: Citi went belly up so they are looking for someone to buy the paper on your note all of the inquiries is from a shotgun app done by the F&I computer with all of the pertinent information.
I hope you got your loan.

Ken Shilson