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What is the function of a credit card company?
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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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, r…elated, questions on another site but I went looking to see who else got robbed by: Computer Associates, Anti Virus.They're doing what AOL did, years ago, when they got themselves into a huge class action, law suit, from which they never recovered and had to pay every one of their cancelled accounts, each person, for years and years. I SAW YOUR QUESTION and couldn't resist, I went through the registration process, just to answer your question about WHO MONITORS CREDIT CARDS? 1. FEDERAL TRADE COMMISSION (National) (https://econsumer.ftccomplaintassistant.gov) 2. me(NJ). State Office of The Attorney General, Consumer Affairs Division; your state has one too. 3 . me(NJ) State Department of Banking and Insurance.
The Blue credit card is made by the company American Express. One can apply for a Blue credit card from the official American Express webpage, which offers rewards and no annu…al fee.
Credit cards are issued to customers of companies who offer lines of credit. The card can be used to make purchases or payments in stores and online. Debit cards on the ot…her hand are issued by banks or prepaid debit card companies. They have the same role as a credit card allowing consumers to make payments or purchases in stores and online, but can also be used to withdrawal money from an ATM.
The Diners Club in 1951
Capital One is a company that works well for people with poor or little credit. They start you off with a low limit usually 500.00 and a reasonable interest rate. Its al…ways best to go through your bank to get a credit card, Because they usually offer lower interest rates. Capital One is a company that works well for people with poor or little credit. They start you off with a low limit usually 500.00 and a reasonable interest rate. Its always best to go through your bank to get a credit card, Because they usually offer lower interest rates.
There are many ways one might obtain a Delta branded credit card. The most reputable way one might obtain such a card is through the official Delta airlines website.
A creditor can not garnish your wages without a court order. Actually, the only thing they CAN do is to take you to court, which is a possibility. However, without such action…, there is nothing they can do to you outside of calling you and writing you in an attempt to collect on the debt. Wage garnishment laws vary state to state although there are federal guidelines. You need to speak with a lawyer if this is a concern. In general, most states do not allow wage garnishment for credit card debt. Edit/Correction: Most states DO permit wage garnishment assignment for an unsecured debt such as a credit card. Check your state laws for up-to-date information. There are only four states that do not allow wage garnishment for credito debt, they are North and South Carolina, Pennsylvania and Texas. If a creditor has a judgment, then a lawsuit has been filed and the plaintiff/creditor won the suit and received a writ of judgment. Garnishment of wages or levy of bank accounts cannot be done arbitrarily by a creditor, they must follow due process even if it involves arbitration proceedings. Banks cannot release funds to a creditor for repayment of debt w/o a valid court order allowing the action. Only after they have gone through the process of taking you to court suing you, winning the suit, and then applying for a garnishment order. All of this takes time and oney. They can sue you in small claims court, depending on the amount you owe and your state. It is always best to try and reach an agreement with the company before it reaches litigation. May be I think. -------------------- Debt Management
Being in the collections business, I will guarantee you that people get sued by credit card companies everyday. What can they get? That depends on what state you live in and w…hat the laws of that state permit. I know for a fact that in many cases the defendant can be assessed with attorney's fees, court costs, interest - nasty stuff that could have been avoided if it never went to court. If you want to know what can happen but don't start asking, you will run out of time. Waiting could be it's own answer. The last posting was probably written by a bill collector. The chances that a credit card company will sue you is very very slim. If the credit card company sells your debt to a Collection Company the Collection Company cannot legally sue you in most states. The big question is" How long can you put up with harassing phone calls and letters?? If it doesn't bother you, don't worry about it. Sorry, but the above entry is not quite correct. Credit card debt is considered unsecured debt. That does not mean that the issuer or the third party purchaser cannot take legal action to recover monies owed. It is true that the CC company itself seldom sues but sells the account to a collection agency. Collectors do sue for any amount they can get because that is how they make money. All states allow lawsuits for defaulted debts. The issue is not if a person can be sued but what property real or personal can be seized for the repayment of the debt. That matter is where state laws differ in what can be taken, how it can be taken and what the amount can be. For example, garnishment laws differ state-to-state.
Answer sadly yes they want you to pay for everything you buy!
The function of a credit card terminal is to provide a trader with the tools to allow a customer or consumer to pay for services or goods through credit cards as the credit ca…rd terminal allows for transaction through credit cards.
its a master card.........
They will offer you a low introductory interest rate which will encourage you to use your credit card.
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… that the creditor has not legal recourse to recover monies owed. It simply means there is no specific property that secures the debt, such as a vehicle or other real property. Merchant accounts such as Sears are secured debts, because the item purchased is considered collateral and can be repossessed if the circumstances warrant.
Answer . \nAnnual Percentage Rate (APR) is the amount of interest that is charged yearly.\nMost major card issuer will offer an introductory (low or 0%) rate on a new accou…nt for a specified amount of time, it generally will have several stipulations to keeping the IR valid.
Yes, but the consequences of having bad credit could be and would be much worse than just losing your card. +++ Primarily, you would find it far harder to obtain credit,… including mortgages, in future