Rarely do credit card companies close. They are simply making too much money to go out of business. And the fact that they continue to charge you fees indicates that they are still functioning as a business. Perhaps the company has been purchased by another (like Wachovia buying out First Union) or merged (in the case of SunBank and First Trust, now SunTrust). Contact the credit bureau or the vendor through which you got your credit report. They should be able to get you contact information.
Yes, if you still owed a balance at the time the account was closed. Just because a company closes an account does not mean that any balances that are owed to them disappear. If your account was closed and there was still a balance outstanding and you did not pay that balance, the company has every right to collect the balance and any interest outstanding.
if bank closes yr account,it gets closed,or dead.
It means they have deemed your account "inactive". Or maybe they don't want your business anymore. The easiest way to find out is to contact them.
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No. It will show on a credit report as an account closed due to inactivity. It has no effect on your credit score.
Dividend is temporary liability account as soon as dividend is declared by corporation which ultimately closes to net profit or retained earnings account.
When a bank closes a checking account and freezes funds without prior notice, it could be due to suspected fraudulent activity or failure to comply with account terms. To get your money back, you would need to contact the bank's customer service or visit a local branch to understand the reason behind the account closure and freezing of funds. Follow their instructions and provide any necessary documentation or proof requested to resolve the issue and potentially access your funds again.
If it opens and closes all the time, just press F2.
The dividend account is used to record transfers of assets from a business to its stockholders. It is a temporary account that closes before the end of the accounting year.
Generally if a bank closes, another bank will buy the deposit accounts and take them over. Your checking account would be transferred to the new bank
Assuming no-one else closes the account - it simply lies dormant. All contributions made by the person remain in the archives.
Does not matter, many times companies don't complete their revenue cycles until the after all expenses are recongized or accrued.