0
After you have spent your credit limit and then automatically repaid it does the credit card company raise your credit level again or is the card essentially defunct?
Wiki User
∙ 17y ago
This question isn't very clear. As I understand the question-as long as the credit company doesn't tell you it is closing the acct, the acct. is open. Also, the cc comp doesn't have to raise your level. So to answer your question, neither.
Wiki User
∙ 17y ago
Add your answer:
Earn +20 pts
What is a credit hold?
When a company won't extend credit to you for various reasons. Usually it is because you are behind on your payables/bills. Essentially, you are not allowed to buy on credit until the hold is off.
What is the difference between money and a credit card?
Money is an instant payment - once you've paid for something in currency - it's yours. A credit card is essentially a contract between you, the card company and the retailer. The card company pays the retailer on your behalf, and they recover the money from you - usually with interest added for the convenience.
How credit company manage credit?
Credit Company manage it by way of evaluating there customer on how they will use it and spend it. Some credit company limits their credit so that user can limit also the way they will spend it.
Are shares in a public company a credit or debit?
credit to shareholder and debit to the company
Build Credit with a Secured Credit Card?
It is possible to get a credit card with bad credit, even if you have previously been turned down. Choose a credit card company that allows you the option of securing your own credit card, meaning that you essentially put your own cash into a special account first. You then get your credit card and use your own money as credit. The more money that you can deposit, the more you can charge. This type of secured credit option allows you to build up your credit again, while allowing you the freedom and convenience of a credit card.
What does the company Experian do?
Experian is essentially a company which specializes in credit scores and credit reports. They can help you find in accuracies in your credit score and iron them out.
What is a credit hold?
When a company won't extend credit to you for various reasons. Usually it is because you are behind on your payables/bills. Essentially, you are not allowed to buy on credit until the hold is off.
Does the AA credit card automatically incorporate frequent flyer miles?
"No, AA credit card does not automatically incorporate frequent flyer miles. You will need to call the company and speak with an agent in order to guarantee that you are getting the flyer miles."
Do reader writers change the balance on credit cards?
Credit cards don't have a "balance on them." The reader essentially just reads the credit card number, then communicates with the credit card company's computers to find out if the purchase can be approved or not.
Can a credit card company in the state of Maryland garnish your pension check that is automatically deposited into a bank account if there is no other income?
Yes, unfortunately
If one credit company deletes an inaccurate account from your credit report does it automatically get removed from all credit reports?
Absolutely not. You'll have to contact each credit bureau and challenge each account. It's frustrating, but it's worth keeping your credit score up and your history clean.
What is reacurring billing?
Recurring billing is when a company keeps automatically charging your credit card. For example, the online game pixie hollow, is recurring billing. When you purchase a membership subscription, it will automatically keep renewing the membership until you cancel it. Another game that is like this is club penguin, it just keeps automatically charging on your credit card, and your membership is always active, unless you cancel the membership. I hope I helped!
What is the difference between money and a credit card?
Money is an instant payment - once you've paid for something in currency - it's yours. A credit card is essentially a contract between you, the card company and the retailer. The card company pays the retailer on your behalf, and they recover the money from you - usually with interest added for the convenience.
How do you report someone who owes you money to the credit reporting agencies?
If you are not a company that reports unpaid debts to the credit bureau's, you can turn the debt over to a collection agency who does report. The other way is to obtain a judgment against them and it will automatically be reported by the courts.
How credit company manage credit?
Credit Company manage it by way of evaluating there customer on how they will use it and spend it. Some credit company limits their credit so that user can limit also the way they will spend it.
Are shares in a public company a credit or debit?
credit to shareholder and debit to the company
Can a a credit company file the same account twice on your credit report?
It happens and can be disputed. Call you credit card company or credit agencies.
