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Can a credit card company sell an account after a debt agreement was reached?
Wiki User
∙ 14y ago
They should not, yet it does happen, however your agreement is legal and the new owner would be bound by the agreement made prior to the sale of that account. The new owner however will try to force you to pay the full amount so you should be prepared to seek legal help should they continue to harrass you for the full amount. A letter from a lawyer with a copy of the negotiated agreement should suffice.
Wiki User
∙ 14y ago
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When do credit card companies report late payments to the credit bureaus?
After your account has reached 60 days past due. After your account has reached 60 days past due.
How can you make the credit card company reopen an account and remove 'closed by credit grantor' from your credit report?
You can't MAKE a credit card company reopen an account. You can call the credit bureau and request that they change the status to indicate that is was closed by you and not the credit grantor. Or, you can simply put a notation in your credit report stating that the account was closed by you and not the card company.
What account is debited when a company returns merchandise to a vendor on credit?
credit
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.
When does accounts receivable have a credit balance?
If an account has a credit balance the customer must have overpaid on their account or a credit was issued by the company and posted to the customers account, resulting in a credit or negative balance.
When do credit card companies report late payments to the credit bureaus?
After your account has reached 60 days past due. After your account has reached 60 days past due.
How to get out of a merchant account contract?
You must follow the agreement you made with the credit card processing account according to the terms and conditions on your merchant agreement.
Credit One bank wants a letter from my bank to show that i am an authorized signer on an account that i use to pay the credit card with my bank says they don't do letters what do i do?
Send them a "copy only" of your credit card agreement that you got from the credit card company that won't do it for you.
How can you make the credit card company reopen an account and remove 'closed by credit grantor' from your credit report?
You can't MAKE a credit card company reopen an account. You can call the credit bureau and request that they change the status to indicate that is was closed by you and not the credit grantor. Or, you can simply put a notation in your credit report stating that the account was closed by you and not the card company.
What account is debited when a company returns merchandise to a vendor on credit?
credit
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.
When does accounts receivable have a credit balance?
If an account has a credit balance the customer must have overpaid on their account or a credit was issued by the company and posted to the customers account, resulting in a credit or negative balance.
Can a credit card company reopen a charged off account?
No, a credit card company will not reopen a charged off account. They may choose to grant you a new line of credit, but this would be rare.
How does a company get your bank account information?
Credit report?
If supplies are return back to company and a reduction is on the account is it a credit or debit?
Debit account
Letter to Cancel a Credit Card because of Poor Terms?
Get StartedCredit card companies periodically change the terms of your account. The changes generally take place automatically unless you do something to stop them. The "Letter to Cancel a Credit Card because of Poor Terms" allows you to notify your credit card company that you are unsatisfied with the new terms and directs the company to cancel your account. Some credit card companies will negotiate the terms. This is most likely to occur over an annual fee charge. Many credit card companies will waive the fee rather than lose your account. You may also want to cancel your account or attempt to negotiate over other changes in the terms of your account, such as an increase in the interest rate or a change in your credit limit.Be sure to check your credit card agreement for the credit card company's rights after you close the account. By law, the company can not charge an annual fee if you notify them of your intent to close your account within the time specified in the notice. If you attempt to use the card after the cancellation date, however, most credit card companies provide that such use constitutes acceptance of the new terms. If you intend to cancel the card, be sure not to later attempt to use it. If you have an outstanding balance at the time that you cancel the credit card, the credit card company may be able to charge you a different rate if it is specified in your agreement or in the notice of changed terms.
How are credit accounts affected when another company buys them out?
When often another company buys a credit card company, they have purchased your account. Most often, it is business as usual, and payments are directed to the new owner of the account.
