What if your canadian, any suggestions there for getting store credit cards????

I see lots on here for the US but nothing on canada for people who have poor credit... so my question is where can you go to get a store credit card in canada when you have poor credit ???

What if your canadian, any suggestions there for getting store credit cards????

Monica is right, you should apply for a secured credit card. In addition to Hometrust and HorizonPlus (which ARE options but would not be my first choice in this respect) I%26#039;d suggest a few other options.

Capital One and Citizens Bank (see below) as both are secured cards exactly like Hometrust and HorizonPlus, but where they differ is that both cards can be converted to %26quot;normal%26quot; unsecured cards if your payment and usage history warrants it after a year

Hometrust and Horizon Plus will ALWAYS be secured cards, and can never be converted to unsecured cards, which means a year or two down the road you will have to either continue paying for the cards or cancel your oldest positive credit entry (which will affect your score).

Now Capital One should be your first choice as their maximum security deposit is $300, and they will issue a credit line of up to $750 on their secured cards (in some cases only requiring 10% security), Citizens Bank should be your second but they will require a 100% deposit (with a $500 minimum).

If all else fails Horizon Plus (100% deposit required, $500 minimum) and Hometrust (100% deposit required, $1000 minimum) will still be there waiting to take your money.

Good Luck!

______________________________________...

Citizens Bank Info:

%26quot;To apply for a Citizens Bank Secured VISA, call us directly at 1.888.708.7800 to open a term deposit with the amount equivalent to the credit limit that you wish to have on your Citizens Bank Secured VISA. This term will be held for at least 12 months. After 12 months, your Citizens Bank Secured VISA account will be automatically reviewed to see if you qualify for an unsecured Citizens Bank VISA.%26quot;

What if your canadian, any suggestions there for getting store credit cards????

You should get the secured credit cards from Home Trust and Horizon Plus. You have to deposit money and then they will issue you credit cards for the same amount. One of my friend has $1000 credit cards from both of them. You will be restablishing your credit and your FICO score will improve in about a year and then you can get regular bank and department cards like Bay or Zellers. They charge annual fee so that is a negative but you will have Visa and Master Card and will be rebuilding credit.

Home Trust Visa

http://www.hometrust.ca/securedvisa/

Horizon Plus Master Card

http://www.horizonplus.ca/index.html

I owe 103,000 on credit cards?

for the last 4 years I have been paying around 1 pound per month too each credit card company, but the last 4 months nothing.

All I get is the same old letter demanding money, what will happen next? I have no assets what so ever and now earn minimum wage with 2 kids.

I owe 103,000 on credit cards?

Declare yourself bankrupt

I owe 103,000 on credit cards?

Unlucky! You need to get in touch with debtdirect.co.uk or another debt buster company, they can help sort this out.

Whatever you spend on the cards - you always need to pay it back - there is no way out. Remember this in future.

I owe 103,000 on credit cards?

go and get some debt advice (try citizens advice). the credit companies will never wipe the debt off for you. best to face the reality of it now before it gets worse.

I owe 103,000 on credit cards?

You need to take professional advice. Try the CAB.

I owe 103,000 on credit cards?

What the bloody HELL have you been buying??

Great example for your children, bozo....

I owe 103,000 on credit cards?

A court case and you will be told to pay as much as you can afford, probably work out you will be paying it for the rest of your life at the rate of about 鎷? or so a week.

I owe 103,000 on credit cards?

Option 1 - carry on paying 鎷? per month and eventually they will all take you to court and you can get a judgement for 鎷? per week. Only problems- it will take longer than your lifetime to reapy it and they may attach your wages (if you brought home 鎷?55 that means they would tak 鎷?2 from your wage for each creditor that attaches )

option 2 - wait until you get a massive pay rise and go back to making above minimum payments - it would still take you years

option 3 - if you think that at any time in the reasonable future (6 months ish) you will have a disposable income at the end of the month - go for an IVA, like they advertise on tv

option 4 - if you have no assets and little income and its likely to stay this way (and you rent your home) go bankrupt.

Go to CAB or CCCS they will explain this in detail and advise you which is best for you.

I owe 103,000 on credit cards?

Holy ****!

I owe 103,000 on credit cards?

You need an exit strategy and quick! Take legal advice, talk to those who know this subject or have been in your position.

A smart person can turn this around...........

I owe 103,000 on credit cards?

My husband owed a large amount of money (ex wife ripped him off) he went bankrupt was the best thing he did go to your local county court and speak with someone there they will advise you and you can decide if it%26#039;s the right way for you.

I owe 103,000 on credit cards?

You must have a credit agency in the UK that you can go and speak to.

They can call the credit card companies and usually get your interest rates lowered and work out a payment plan with the credit card companies.They may even be able to roll all your cards over into a loan so you are only paying one company instead of many.

You will still have to pay the debt but it will be more manageable and at least eventually it will be paid off.

They generally make you hand your cards over to them and destroy them and cancel them.DO NOT get any new cards and any extra money you receive,even as a gift,use it to pay down your debt.

You may even have to declare bankruptcy.You really need professional advice on this.

Good Luck...by the way,you might also consider getting some therapy to find out why you feel the need to spend.

It is an addiction in many cases...it somehow fills a need we feel we have.

I owe 103,000 on credit cards?

What the bloody HELL does this have to do with cars? Is that what you%26#039;ve been buying? Or are just running up a bill trying to keep an MG running?

I owe 103,000 on credit cards?

Looks like it%26#039;s the credit cards problem, not yours, you owe them the money, they cant make you pay anymore than you can afford, and if it did go to court the judge would be on your side, thats why credit cards companys never really want to take you to court,

But the credit card companys always try to frighten you with going to court.

I owe 103,000 on credit cards?

I have owed around 80000 for around 3yrs.You will get a million letters from debt collectors but if you have no assets

they are f**ked.If you live in england you can make yourself

bankrupt I live in scotland and I have to wait until they take me to court.Which they wont.They will play the waiting game

as I have no assets either.

One very key thing change your phone number as they will

drive you bananas once debt agencies start phoning.Good

luck.

I owe 103,000 on credit cards?

damn get a business loan from the bank and start a company hopefully it will be sucessfull

I owe 103,000 on credit cards?

I have to say spartacus--a SMART person would not have gotten into this mess in the first place, not by this amount at least!! %26#039;If you can%26#039;t afford it--don%26#039;t buy it %26#039;til you can afford it%26#039; is a wise maxim from the %26#039;50%26#039;s/60%26#039;s--and still it holds true today.

I owe 103,000 on credit cards?

Have to say its a bit of a surprize to owe that amount of money and still have no assets The least i would expect is a ferarri tucked away I think its more the credit card company than yours,they must have kept upping your credit even on non payment.They really do want taking to task for this as its only short term happiness Still best of luck and try to keep your chin up,at least public hanging is now an offence Be lucky

I owe 103,000 on credit cards?

You were doing the smart thing by sending something every month. As a general rule in most industrialized countries, if the creditor accepts the token payment, they can take no further action, at least for that month; you%26#039;ve put yourself in an awkward situation by not sending in at least a token payment.

Send in something, anything, every month; it may keep you out of court. In the meantime cut up the credit cards, and seek credit counselling, perhaps to lower the payments to something you can afford; or seek bankruptcy protection, so you won%26#039;t lose your home.

And if you continue to use your kids as a defense against paying your debts you can lose custody of them. Not a smart thing to do.

I owe 103,000 on credit cards?

Sheesh, puts my bills into the small bracket!

Get yourself declared bankrupt, seek advice before your home, furniture, etc are placed into an auction for non payment!

I owe 103,000 on credit cards?

serves you right i hope you get all your possesions took of you didnt you realise you have to pay it back

I owe 103,000 on credit cards?

鎷?03K debt and no assets? Are you sure? How on earth has the bank ever let you build up a credit bill that high?

If you really and truly have no assets (car, house, mortgage) then you really need to be thinking about bankruptcy. If you don%26#039;t have it, then they can%26#039;t take it. The only reason to carry on paying a token amount each month would be to safeguard your house and keep the wolves from the door, and frankly, even if they did take your house, the local council would be obilged to provide you with accomodation, so it%26#039;s not like you%26#039;d be out on the streets, and bankruptcy these days only lasts a year.

Even so, the judge will want to know exactly how you%26#039;ve managed to blow 鎷?03K and have nothing to show for it before he stamps that little piece of paper. I would try and dcelare bankruptcy now, before your creditors do it for you. It%26#039;s really not worth worrying about. Bankruptcy is not the stigma it once was.

I owe 103,000 on credit cards?

Australia comes to mind.

I owe 103,000 on credit cards?

have a read of the GET OUT OF DEBT section on The Motley Fool website (the best site on the internet for these matters)

http://www.fool.co.uk/get-out-of-debt/ge...

How do you use two credit cards to join yahoo personals?

I have two credits cards on file, how do I use them both to pay for my yahoo personals?

How do you use two credit cards to join yahoo personals?

You have to use one at a time

Do you write "check ID" on your credit cards, then wait for the server to ask for it?

Why don%26#039;t you give ID with the credit card??

Do you write %26quot;check ID%26quot; on your credit cards, then wait for the server to ask for it?

People who do that are sooo obnoxious.

Do you write %26quot;check ID%26quot; on your credit cards, then wait for the server to ask for it?

I do and I alwasy stop the person If they dont ask for it

Why do so many businesses only accept credit cards?

Some people may not want to spend too much of their avaiable credit and want to pay with money order. Others may not have a card or are in debt with one. The business would make more money if they allowed more methods of payment. Win/win. So why don%26#039;t they?

Why do so many businesses only accept credit cards?

The cost of dealing with bounced checks, and money orders which might be stolen or forged, that have to be written off as uncollectable can exceed and profit from additional sales. Remember: if the check is good, the store gets the profit; if it%26#039;s bad, the store loses the whole transaction amount. It%26#039;s better to have it charged and thus guaranteed by the bank.

Besides, people with credit card problems are more likely have bank account problems. People who don%26#039;t have a credit card don%26#039;t make very good customers anyway.

Why do so many businesses only accept credit cards?

I know of no business that doesn%26#039;t accept cash...it might even be illegal. I guess it depends on where you live though.

Why do so many businesses only accept credit cards?

I think this is the way of the future as to many places get robbed ,by using a card there is no cash in the till there fore lowering the risk of being robbed

Why do so many businesses only accept credit cards?

I think most businesses will gladly accept cash, and most companies will also allow you to pay by check.

You might have to go to the bank where you have an account and get a bank check (also known as a cashier%26#039;s check) if you really can%26#039;t get them to accept any other form of payment.

Why do so many businesses only accept credit cards?

Another option would be to use cash, or even a debit card. A debit card is similar to a credit card, but it is linked to your checking account. I would be willing to bet almost ALL places that accept credit cards will accept debit cards.

What exactly happens when you don't pay anything to credit cards for several months?

I have had a situation in my life happen that has cause me to lose my job and I have not paid my cc bills for about 6 months now. I had about 12 thousand that i owed and i had it at an intrest rate of around 10%. I am sure that that is not that case now but what happens now? My credit was also very good before this situation but is it totally screwed up now and what will need to be done to get it back to a good credit score again? I found out that I have bipolar and have had a lot of trouble with many things in my life lately and I am even scared to answer the phone when the credit card company%26#039;s call me. Please help give me some kind of idea how bad this financial situation is for me.

What exactly happens when you don%26#039;t pay anything to credit cards for several months?

Your account will be charged off (or already has been) and then sold to a collection agency, or referred to the creditor%26#039;s collection group.

Right now, however, you have an income crisis. Don%26#039;t worry about the credit card bills right now. You need to first work on getting some work to start bringing in income. Once that is taken care of then you can focus your attention on paying off your debt.

Now the collection group will call and whine and complain, and possibly make threats of legal action, but until they get a judgment against you they really can%26#039;t do anything. So don%26#039;t let them get you emotional when they call. If you feel yourself getting upset simply hang up. They will be fine.

What exactly happens when you don%26#039;t pay anything to credit cards for several months?

bipolar? you poor thing. my mum has had it for ever, and is locke din mental institutions on and off blah blah... you MAY be able to do something about that, because you cant help it..?? ask until you get the answer you want coz from mental illness you can be excused for a lot of things... apart fromt hat, i did that too, with credit cards... basically, until its paid you will have a bad credit rating, you will now have a HUGE bill you will need to get on top of (go to a doctor, preferably psychiatrist, tell them and ask for them to help yoou, maybe aletter to the credit card company to let you off the extra interest??? it will work if you dont take no for an answer and push, because it was absolutely not your fault). the credit card company will call and call to get their money, and if they dont they will either try to repossess some of your assets in one form or another.... bugger.... i reckon go the letter from the doctor... you have a diagnosis, it shouldnt be too hard. i feel for you, and good luck :)

What exactly happens when you don%26#039;t pay anything to credit cards for several months?

Right now your credit score is probably really bad. What you need to do is call all of your credit card companies and let them know what is going on. See if you can set up payment plans with them. More than likely they have sent you to collections so see if you can work with the credit card company not the collection company.

What exactly happens when you don%26#039;t pay anything to credit cards for several months?

First off, I am sorry to hear that you are going thru this.

Is there any chance that you can get professional help with your bipolar disorder?

If you get help (It could be medicine or talk therapy), you can see the other things more clearly.

To calm you, there is no debtor%26#039;s prison. By that I mean that you are not going to have to face going to jail for not paying your bills.

What they will do eventually is either take you to court or they will charge it off.

Either way your credit score as you know willl take a nose dive but you should not worry about that when a much more pressing matter is on the horizon.

YOU MUST GET TO A DOCTOR.

Most often depression does NOT get treated on its own...it only gets worse

get the help and then you can worry about the finances after that.

Can you file for unemployment?

Where you fired in a manner that you think might be worthy of a lawsuit?

You are going to have to get some income not so much to pay these bills but the make sure you dont spiral downward to homelessness etc.

What exactly happens when you don%26#039;t pay anything to credit cards for several months?

They only accept money... they don%26#039;t accept EXCUSES... so your credit score will drop out of sight and you will never be able to get credit again.

Mental Illness.. that is what BIPOLAR is called.. MENTAL ILLNESS... is not an excuse.

It will take you YEARS to build your credit back.. and WHY DON%26#039;T YOU HAVE A JOB?... you will need a JOB to start building your credit back.

Whats the best way to pay off my (7) credit cards which are all in collections for about 2 years now

Im confused I talk to people some say to settle others say to pay in full. Is their a defferance? I know that paying in full is obviously the best way to go, but I wouldnt mind saving some money if settling is going to have the same effect on my credit report. I own a home, lease a car, an have one credit card which are all in good standings. Is settling for less going to have the same effect as paying in full? Since I have been in collections for about 2 years. these collection companys have been reporting badly on my credit report for 2 years, even if I pay in full is it true that it will still be on my credit report for several years? Why not settle for less an save the cash. Right??

Whats the best way to pay off my (7) credit cards which are all in collections for about 2 years now?

If you pay them all off at once it is best.

If you ask them to settle for less, the difference counts as income on your taxes, in addition to the bite on your credit rating.

If it is a lot of money, you probably should consult a Bankruptcy attorney.

Whats the best way to pay off my (7) credit cards which are all in collections for about 2 years now?

Settling will have a negative impact on your credit, but it will be cheaper. What is better for you in the long run? Are you willing to take the hit on your credit report? I guess it depends on how much you can save by settling.

Good luck. I hope your able to get their claws out of you and be free!

Whats the best way to pay off my (7) credit cards which are all in collections for about 2 years now?

here is the difference, if you settle with them, 90% of the time it will stay on your credit, and report as %26quot;settled with creditor%26quot; on your credit. If you pay in full, the creditor will most of the time delete the tradeline and the negative off of your credit. If you do this, make sure to get in writing that they will be doing this. That is honestly the big difference. What i recommend, is ask them what they will settle for, then ask if they will delete it off your credit if you paid the settlement amount. IF not pay in full to get off your credit ,if they will delete with settlement amount, then of course do it. Hope that helps

Whats the best way to pay off my (7) credit cards which are all in collections for about 2 years now?

All (four) responders have given you excellent advice. I know through my own experience that debt consolidation/management is REALLY a good option. Check them out. There are a number of companies that are non-profit. They will set you up on a payment plan, contact your creditors and renegotiate interest and terms. The one I%26#039;m currently working through takes the money and pays it out so that as each one gets paid %26quot;In Full%26quot;, the money then gets transferred to a different creditor so that the minimum gets doubled and tripled. I am going from being about $35000 in the hole (over night) three years ago to debt free next year! The other piece of advice I offer is to avoid those creditors who offer 0 or 1% interest. It takes only one late or bounced check to jack your whole financial plan... In my case, the wife%26#039;s ex-husband%26#039;s child support check bounced and everything just spiralled from there. We went from being at a managable 0% interest to 29.9% over night!