after 6 mos. it goes into default, and then the 7 yrs. starts, so it would be 7 yrs., 6 mos.
I was told by my student loan company (a direct loan from the U.S. govt) last year that even if I did not apply for a forbearance and still did not make a payment, the company would not report to the credit card companies until the payment was 90 days late.
The best thing for a college student in credit card debt to do is to contact a debt consolidation company to help workout a payment plan that the student can afford.
Phone the person's card company - tell them you'd like to make a payment - then follow their instructions.
Accounts Payable is the amount which is payable by company for the merchandise purchased by company but payment is due in future, as it is the liability of company so like all liability accounts it has credit balance as normal balance.
Credit card processing describes the payment and acceptance of a credit card for payment of goods and services. The merchant usually sends the credit card number to the issuing company through an electronic terminal. The issuing company then sends a code back instantly either allowing payment to be received or declining payment.
Been paying a credit card under a payment agrement the company sold on the debt to another company and the have sent a letter and a draft of a bankruptcy order for the full amount!
credit manager is the person who deals with those company who delay the payment. the responsibility of credit manager how to response to them how to make the payment is soon as possible.
If it is a student loan, there will be a statement on the credit report. It will also show the date that payments were deferred.
You wish....
A final demand for payment letter can be a very strong letter by a company that is demanding payment from one of its debtors. Despite many reminders and requests for payment, the company has not received payment from its debtors, which causes it to write a strong letter to imply harsher actions. From:
In order to get a Citibank student credit card, one must be a student, then have to have one student card. Another requirement to get a Citibank student card is identification.
The online billing goes to the merchant who in turns processes it through the credit card company. There is a back-end process to credit card captures. First, the payment details goes through the merchant via a secured form. Then it is sent through the payment gateway linking the site to the financial institutions. It gets processed by the credit card company who debits the credit card balance of the cardholder and credit the merchant account of the merchant. who is the merchant