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Absolutely, there are no statutes that can force a private company into such an agreement. Credit card issuers make a lot of money from the charging of late fees, therefore one can see why they would not be amicable to terms such as a "grace period."
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∙ 18y ago
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If it has been 10 years since your bankruptcy how do you get it removed from your credit?
Write a letter of dispute to any credit bureau displaying a bankruptcy past the legal reporting period. Request its' removal per the Fair Credit Reporting Act.
Is it legal for a credit card company to lower your limit after you make a large payment?
Read your card agreement and it will spell out what terms you are under
You had a credit card which went in to collections in 2002 and was sold to another company - originally your debt was 2000 but now it is 5500 - Is this legal?
Is it legal? That depends on how they are calculating the $5500. The creditor is entitled to charge you whatever interest rate you agreed to pay in the credit card agreement.
Can loan company you have borrowed from check your credit repeatedly?
Yes, an existing and ongoing business relationship gives a creditor a legal reason under the Fair Credit Reporting Act to inquire into your credit. This is called a legally "permissable purpose".
What legal actions can a credit card company take to collect a 500 dollar debt?
If this about you, you can be sued.You need to pay the company, or make payment arrangments. This won't go away trust me.
What does no grace period means?
A grace period is a period of time past the deadline for fulfilling an obligation during which a penalty that would be imposed for being late is waived. Grace periods, which can range from a number of minutes to a number of days or longer, depending on the context, can apply in various situations, including arrival at a job, paying a bill, for meeting government or legal requirement, or in many other situations. In law, a grace period is a period of time during which a particular rule exceptionally does not apply, or only partially applies. If there is no Grace Period and, lets say a payment is due on the 1st of each month, pay the bill on the 2nd and you will incur a penalty. No grace period on a credit card means you pay interest on everything you charge to the card. Avoid that type card as they are a rip off.
Does a company credit when the company is the accounts payable and the card was issued by the company for business expenses affect your personal credit score?
If none of your legal information is attached to the card (SSN for example) then the answer is No it will not affect your presonal credit score.
Where can one find legal credit repair?
Lexington Law is a leading credit repair law firm. It offers you help to take action and repair your credit. To date, he has provided help to his clients to eliminate millions of collections, late payments, amortizations, liens, bankruptcies and more from their reports. If you need to save on legal services, go to the following link: //n9.cl/ lw3b6 (remove the spaces and put it in the search engine). I hope I have been able to help you. Luck
What is the legal right to receive cash from a credit sale and represents an asset of the company?
account receivable
Is it legal for a credit card company to lower your credit limit below your balance then charge you an over the limit fee?
no it isn,t you can ue for that offence if they did
Is the company nike shoes union a legal company in China to deal with?
not bad, they accept paypal and credit cards, a serious online store
Is there a legal grace period for cancelled auto insurance?
Every state has their own guidelines, consult with a local insurance agent for more information.
Is bankruptcy a felony?
No, in any way, shape or form. It is an entirely legal thing that provides court protection for someone (or company) needing it. The main downside is that it ruins your credit, though bad credit is not a crime.
Is it legal for retailer to store credit card numbers?
No it is not !If a person pays for goods or services by credit card, the Credit Card Company is the only organisation allowed to retain details about the customers card.
can a credit card company like capitol one who forward account to legal dept in state of california take garnish payments out unemployment if nothing can be resolve out of court?
You should not avoid paying the minimum due in your credit card account. The credit card company does not care if you lost your job. What you need to do is to speak with a credit consolidation agency in your area. Ask around about their reputation. The credit consolidation company will make a deal with your credit card company.
Consequence for breaching a credit card contract?
Your credit card will be withdrawn, your ability to get a credit card from another company will be reduced, your credit rating may suffer, legal procedings may be commenced to recover and money you owe.
Is it legal for and employer to deduct from your pay for unreimbursed business expenses incurred using a company credit card?
Yes - if you used the company credit card, you are liable to repay the amount you spent ! The employer can recover that directly from your wages.
