What is the function of a credit card company?

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A credit card company act as a 'liaison' between the customer and the business. The customer presents their credit card to the retailer - and the card company pays the retailer for the goods the customer has purchased. The card company charges the customer interest each month on the outstanding balance - in payment for the convenience of being able to make (often expensive) purchases, without having to h=cary large amount of cash.
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Can you sue your credit card company?

Answer . It depends on what they did. You would need to talk to a lawyer.\n. \n . \n Absolutely. It takes a lot of research, stamina and just plain guts but it is a giv

Can a credit card company sue you?

Yes, they can. Credit issuers hire law firms that specialize in collection of debt including lawsuit action. A credit card is defined as "unsecured debt" this does not mean

How can credit card companies get the profit?

They can get profit to those who are in need of financialassistance and those who do not update their monthly due payments,where finance charge will be charge to the card hold

What can credit card companies get in judgment?

What property can be seized or attached by a judgment creditor depends upon two basic things, the laws of the state in which the judgment debtor resides and the manner in whic

How do credit card companies work?

i think the credit card companies have a tie up with shops , and the shop owner is charged a certain percentage of the transaction and the cc companies pay the shop owner.. s

Who monitors credit card companies?

Karen,. I am disabled, living and working from home for 12 years plus. I have not much else to do than find the answers to questions. To be more specific, I answer computer,

How do you report a credit card company?

Most western countries have an authority that over sees financial companies. Banks, lenders, etc. Try a search in your country for financial regulators.

What can credit card company get when they sue you?

States inact laws that determine how a judgment creditor can execute the judgment against the judgment debtor.. In most states a judgment writ can be enforced as a wage garni