Applying for a new line of credit while you have multiple pending debts can lead to disqualification. Settle your pending debts for less than you originally owe with SoloSettle.
Now, let’s look at an example of how taking our a Milestone credit card could help you improve your credit, but it could also cause you debt troubles.
Example: Maria chose the Milestone credit card to rebuild her credit but soon struggled with its high costs. Despite its competitive rates for unsecured cards, the annual fees ($49–$125) and a high APR of 35.9% quickly added up. Even with the low credit limit of $375–$700, Maria still found it challenging to manage her expenses and maintain a low credit utilization, leading to an increasing debt burden. Her experience underlines the importance of understanding credit card fees and the impact of high APRs, especially when rebuilding credit.
The Milestone credit card has helped thousands of consumers improve their credit scores and build credit for the first time. Unfortunately, hundreds more have had negative experiences with them. Their reviews on various platforms leave more to be desired. For example, WalletHub gives Milestone credit card a rating of 1.9 from 4,822 reviews, Credit Karma gives it 2.4 from 358 reviews, and BBB profile (under Concora Credit Inc) shows a score of 1.13 from 365 reviews.
The complaints range from poor customer service, deposited money taking too long to reflect, additional charges caused by delays in their system, and calling about a debt already paid.
Is the Bank of Missouri calling you several times a day about a Milestone credit card balance? Have you told them to stop, and they still continue? Request a debt validation to make them prove you owe the debt.
Firstly, consider directly contacting The Bank of Missouri to discuss your Milestone credit card debt. Open communication can sometimes lead to arrangements like extended payment plans or even temporary interest rate reductions, making your debt more manageable. It's important to approach these conversations with honesty about your financial situation and a clear idea of what you can realistically afford.
If direct negotiation seems daunting or you're not getting the results you hoped for, exploring professional debt settlement services is a smart move. These services negotiate on your behalf, often achieving reductions in the total amount owed. However, it's vital to research and choose a reputable service, as this industry varies in quality and effectiveness.
Remember, settling your Milestone credit card debt is not just about clearing what you owe; it's about taking steps towards a healthier financial future. But debt settlement can be the first step you take to address your debt situation and change your life for the better.
To learn more about how to settle a credit card debt, check out this video where a real consumer settled with Discover credit card:
Are you being contacted by a debt collector? We’re making guides on how to resolve debt with each one.
If the thought of going to court stresses you out, you’re not alone. Many Americans who are sued for credit card debt utilize a Motion to Compel Arbitration to push their case out of court and into arbitration.
Below are some resources on how to use an arbitration clause to your advantage and win a debt lawsuit.
Bankruptcy is a great way to legally resolve debt, but it's usually best to consider it as a last resort. Here are some bankruptcy guides to help you decide which debt resolution option is best for you.
Don’t have time to go to your local courthouse to check the status of your case? We’ve created state guides on how to check the status of your case throughout the US, complete with online search tools and court directories.
Debt has a big impact on your credit. Below is a list of guides on how to repair and improve your credit, even while managing major debt, along with other credit-related resources.
Find answers to some of our the most commonly-asked questions about debt collection below.
If you're dealing with debt, these documents and templates will help you respond, protect your rights, negotiate, and resolve your debts.
We’ve created a specialized guide on how to find debt relief in all 50 states, complete with steps to take to find relief, state-specific resources, and more.
Debt settlement is one of the most effective ways to resolve a debt and save money. We’ve created state guides on debt settlement. Find out how to settle in your state with a simple click and explore other debt settlement resources below.
Facing an eviction? The following guides will help you navigate your situation with confidence.
Knowing your rights makes it easier to stand up for your rights. Below, we’ve compiled all our articles on federal debt collection laws that protect you from unfair practices.
Helping people find access to justice is at the heart of Solo's misison. If you're dealing with a legal debt issue, the following guides will help you through it.
Having a health challenge is stressful, but dealing with medical debt on top of it is overwhelming. Here are some resources on how to manage medical debt.
Learn how to manage your finances and overcome crushing debt. Check out our personal finance guides below.
Debt collection laws vary by state, so we have compiled a guide to each state’s debt collection laws to make it easier for you to stand up for your rights—no matter where you live.
Like all debt collection laws, the statute of limitations on debt varies by state. So, we wrote guides on each state’s statutes and more.
Do you keep getting calls from an unknown number, only to realize that it’s a debt collector on the other line? If you’ve been called by any of the following numbers, chances are you have collectors coming after you, and we’ll tell you how to stop them.
Forgot to respond to your debt lawsuit? The judge may have ordered a default judgment against you, and with a default judgment, debt collectors can garnish your wages. Here are our guides on how to stop wage garnishment in your state, plus other wage garnishment resources.
Hosted by Team Solo, The Debt Hotline breaks down debt and personal finance topics with help from attorneys, financial experts, and industry pros. We respond to real questions to help you navigate debt with knowledge and courage.
