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Capital One is doubling our interest rate, but we have excellent credit. Should we close our accounts?

My spouse and I have had both a Visa and MasterCard with Capital One for ten+ years. We were recently informed that the interest rate on the Visa will increase from 9.9% to 18.9%, and the rate on the MasterCard will increase in February 2010. When I called to complain, they basically said too bad; the current economic conditions warrant the change. We pay our bills on time, and more times th...
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Can you answer my questions on Credit Utilization?

1. For credit cards, is utilization measured on the debt to available credit at statement close or any time during the month? I will make a large purchase that will utilize 46% of my available credit on a single card (single purchase so I can not split among cards), but plat to pay off electronically within 2 days of posting to my credit card and well before statement close.
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What are my Debt Consolidation options?

What is the best way to build credit if you have none?

What is the best way to build credit if you have none?

Do you think it is good idea to go with credit solutions to get out of debt?

Do you think it is good idea to go with credit solutions and go out of debt?

6 simple ways to build and maintain credit from the ground up!

What is the best way to build credit if you have none?

How does an individual who financed a mortgage report to the credit bureaus?

I had a countrywide credit card which was closed I have been told this would not affect my score. is that right?

I had a countrywide credit card which was closed I have been told this would not affect my score. is that right?

My question relates to how to best pay of my debts to produce the most increase of my credit score.

My question relates to how to best pay of my debts to produce the most increase of my credit score. I have the following debts: $1297 - Past Credit Card in collections $4850 - In collections -my ex-wife moved from the apartment before the end of the rental term. The lease was in my name and The apartment did not contact me until a year after she had left and the matter had gone to collection...
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How does repayment plan reporting on your credit report differ from a 30 day late?(for a 1st mortgage?)

How does repayment plan reporting on your credit report differ from a 30 day late?(for a 1st mortgage?)