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What is the time days for a letter of credit at Sight to be paid?
Wiki User
∙ 16y ago
A sight draft is payable as soon as it is presented for payment.The bank is allowed a reasonable time to review the documents before making payment Baiju Bhaskaran
Wiki User
∙ 16y ago
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Difference between sight letter of credit and usance?
In simplest words, A sight LC means that whenever the Bill of Exchange is presented at counter, it must be paid then and there (ofcourse if the LC docx are in order). While a Usance Bill is first presented then accepted and after that it is paid. Usance bills are usually for a period of 30, 60, 90 days. So if a usance bill is of 30 days then it would be paid 30 days after presentation and acceptance.
What can you do to help your credit score update faster than 60 days?
If you've paid charge off offs or things of those sort have the agency you paid either mail you or fax you a letter stating it has been paid in full then you personally fax them to the credit buereus.
What is the procedure for opening an inland letter of credit?
This letter will need to be opened by your banker who will set a limit on your credit. It will also have a period that it needs to be paid back by.
What is the journal entry for office equipment purchased for 3000 Half was paid in cash the remaining balance will be paid in 30 days?
[Debit] Office Equipment 3000 [Credit] Cash 1500 [Credit] Accounts payable 1500 When remaining amount paid after 30 days [Debit] Accounts Payable 1500 [Credit] Cash 1500
I have paid my default in full can i have it remove from my credit file?
No, it will show on your credit report as a paid collection/judgement and will fall off of your credit report in 7 years. After you pay the debt keep all receipts and check your credit report in about 60 days to make sure they reported it as paid. Many collection companies never report it paid.
What benefits are there to using Transunion as a credit monitoring sight?
There are many benefits to using Transunion. Some benefits of using Transunion as a credit monitoring sight include: medical, dental, vision, disability, paid time off, 401(k) and real estate assistance.
Do you need to send the paid in full letter to credit bureau?
to be on the safe side........yes
Your credit score is 563 and you just paid off 4 collection charges on your credit report how will that effect your credit score?
Not much other than having the collection marked from unpaid to paid. If you are paying off credit collection companies, negotiate to get a letter from them telling you that the amount you are paying is the balance as agreed and that they will remove it from your credit report. Do not pay until you get that letter. If you pay without doing that, it will stay on your credit report for about 3 years depending on when the collection was first put on your credit report. The fact that you paid it already just says on your credit report that instead of unpaid the collection is marked as paid. If you already paid either repair your credit or get a reputable firm in the BBB who has a money-back guaranteed policy.
How can you mend your credit after a paid collection?
Only the credit bureaus the collection agency can remove a collection from your credit report. The collection agency won't do it now since it is paid and they have no reason to. You can dispute it to the credit bureaus and ask for verification on the account. They will have 30 days to verify the items or it must be removed from your credit report.
How can a State Tax Lien be removed?
You can do this by requesting a printed credit report. Then you have to contact the state tax office to resolve any issues or debt. If there is a debt, you must pay it. Then, write a letter to the credit bureaus stating you have paid the debt in full. Credit bureaus may take 30 days to respond.
If you have paid your half of your children's medical expenses how do you get your ex-spouse's unpaid portion off your credit?
An entry may be marked 'paid' or 'settled' but it will remain on the credit report for the required 7 years and cannot be removed by the consumer. The consumer can write a 100 words or less letter of dispute to the reporting credit bureau(s) and the letter will be added to the person's credit file.
How long does a creditor have to update your credit report after a bill is paid?
Typically credit reports are updated monthly, but can take up to 90 days in some cases.
