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Can a bank collect on an unpaid credit card balance through your checking acct?
Wiki User
∙ 15y ago
A lending institution is able to use whatever means possible to legally collect on a debt owed to them. This includes garnishment of wages to attaching liens on ones bank accounts.
Wiki User
∙ 15y ago
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What is the difference between a checking account and credit card account?
checking from bank fund & credit card prepaid by credit
Is interest earned a debit or credit?
All earnings and revenues has credit balance as normal balance so interest earned also has credit balance as default normal balance.
Is a Credit balance in vendor subsidiary account is an unpaid balance?
Is a credit balance in a vendor subsidiary account an unpaid balance owed?
To increase note payable is debit or credit?
Notes payable has credit balance as normal balance so credit will increase the notes payable balance.
Which type of account has a normal credit balance?
All liabilities as well as income accounts has normal credit balance and also profit has credit balance.
Should interst earned on a checking account be added to the checking account balance?
There is a way to earn interest on a checking accounts and can be added to the account. You will have to back through a credit union.
What happens if you transfer money from your checking account to your credit card?
When you transfer money from your checking account to your credit card, you make a credit card payment. If you do not have a balance owed on your credit card, then you will have credit or a positive balance on your card.
Will having a negative balance in an unused checking account affect your credit rating?
No, having a negative balance in an unused checking account will not directly affect your credit rating. However, if you fail to pay off the negative balance and the account is sent to collections, that could potentially have a negative impact on your credit rating.
What credit card can you get with no job or checking account?
None. Even secured cards require a specified balance in a checking account, before they are granted.
Can credit card companies sue you after or during bankruptcy?
Not likely. They can come to collect if you have a balance but sue you why?
Is credit card balance real time when a credit check is done?
No, credit card companies submit to the credit agencies on a monthly basis at the end of each month. So if you are checking your credit card the 3rd week of the month you will see last months credit card statement balance not what you currently owe on your credit card.
Can you close your checking account if you have a balance left on your VISA card?
Yes, you can close your checking account even if you have a balance left on your VISA card. However, closing the account will not eliminate your obligation to repay the remaining balance on your credit card. You will still be responsible for making payments on the outstanding debt.
Can you pay Bank of America mortgage with credit card?
Bank Of America does not allow payments towards mortgage balance to be applied from a credit card, only a checking account. Cash advance from a credit card can be obtained and then transferred to a checking account which is being used for the mortgage payment.
Will eBay deduct from PayPal account even though you have a zero balance on there resulting a negative count?
You have to give PayPal a credit card number and a checking account number when you register with them. PayPal will charge your credit card if you have a zero balance.
View my chase checking account number on credit report?
Personal checking accounts will not show up on your credit report. If you have a Chase credit card, you will see some information about the card like reported balance, status, and maybe the current APR on your report, but you won't see any information about to the checking account you use to pay the bill...
Can you get sued over an unpaid credit card balance?
Yes. It doesn't matter how much the account balance is, it only matters if the creditor can collect the money owed after wining a lawsuit
how do i find my checking account balance at Michigan First Credit Union?
There are a few different ways you can find your balance. You can log in online to their website or call their toll free number. You can also get your balance from one of their ATM machines.
