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Sure. The creditor doesn't care where the money comes from as long as the bill is paid. If you are concerned that the person might be responsible for the debt further by making a payment, they won't. Only the card holder is responsible for the debt. The execeptions being, if the person is married and lives in a community property state. Or an authorized signer, can sometimes be held responsible for a portion of debt.
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How can i transfer money if you do not have visa or credit?
PayPal if you have a bank account and the other party has paypal.
If I wanted to have another party put money in my account is it safe?
Anyone who has you bank details can deposit money into your account. Only YOU can withdraw it.
Who is SBLC?
SBLC (Standby Letter of Credit) A Commercial Letter of Credit is taken as Guarantee to be used in payment of goods and services. The Standby Letter of Credit issued is taken as guarantee that the applicant, the customer of issuing bank will execute responsibilities under an agreement. In other words, if an applicant fails to meet the promises made, the beneficiary draws on standby. According to the Controller of Currency, Standbys defined as, 'any letter of credit or a similar document issued which mentions responsibilities to the beneficiary on the side of issuer. The SBLC (Standby Letter of Credit) mentions details regarding- 1. To pay back the money borrowed or advanced to or for the account of the account party. 2. To pay on account of an indebtedness undertaken by the account party 3. To pay in case of default by the account party in meeting of any promises made.
Is a credit card company allowed to garnish the wife's bank account for her husbands debt?
There are several potential scenarios here:The credit card lender must have a judgment to send an order of garnishment, first and foremost. And, both parties must be listed in the order of judgment.It is possible, if the agreement was signed at the time the credit line was initiated, for some credit card lenders, such as Chase for instance, to take money from an account at the same bank. If the husband and wife have a joint account, the money will be taken regardless of who deposited it.If the bank account is a joint account and an order of garnishment is served, it will not matter who is on the account so long as the party upon whom the judgment is served is on the account.It is possible that if the lender has proof that the husband is sheltering his funds in the wife's account, that a judge may permit an order of garnishment to be served on the wife's account, but only for the funds he deposits there.
Can a lawsuit be filed against a bank on a joint savings account if one party takes all the money?
Depends on if the person is the primary on the account, but usually a joint account shares all rights unless otherwise specified. You would have to review your deposit agreement, but normally money in a joint account can be withdrawn or the account closed by either party.
How can i transfer money if you do not have visa or credit?
PayPal if you have a bank account and the other party has paypal.
What does it mean when your credit report states that you have a paid closed collection account on you credit report?
The original account with a normal credit company went to a third party collection agency. Only after it went to the collection agency was the debt paid and then the account closed.
If I wanted to have another party put money in my account is it safe?
Anyone who has you bank details can deposit money into your account. Only YOU can withdraw it.
Who is SBLC?
SBLC (Standby Letter of Credit) A Commercial Letter of Credit is taken as Guarantee to be used in payment of goods and services. The Standby Letter of Credit issued is taken as guarantee that the applicant, the customer of issuing bank will execute responsibilities under an agreement. In other words, if an applicant fails to meet the promises made, the beneficiary draws on standby. According to the Controller of Currency, Standbys defined as, 'any letter of credit or a similar document issued which mentions responsibilities to the beneficiary on the side of issuer. The SBLC (Standby Letter of Credit) mentions details regarding- 1. To pay back the money borrowed or advanced to or for the account of the account party. 2. To pay on account of an indebtedness undertaken by the account party 3. To pay in case of default by the account party in meeting of any promises made.
What is the purpose of third party credit card processing?
The purpose of third party credit card processing lets one accept online payments without a merchant account of one's own. Instead, the service provides their own merchant account for you to use.
Does a tweet account cost money?
Twitte does not cost any money to use. There is no advertising on the site for third party companies.
Can another person deposit money into your checking account without your account number?
No. Actually there is no rule stopping a third party from depositing money into a check account but, for doing that, the third party must know the account number into which they wish to deposit the cash. So without knowing your bank account number, nobody can deposit any money into it.
Can a third party collector make a credit inquiry to see your credit report without consent?
In most cases yes. When you get a credit card theres about 3 pages of fine print, With most CC companies there is a disclaimer that if the account becomes delinquent your credit account may be sold to a 3rd party collector. You agree to the terms and conditions therefore have already given consent.
Is a credit card company allowed to garnish the wife's bank account for her husbands debt?
There are several potential scenarios here:The credit card lender must have a judgment to send an order of garnishment, first and foremost. And, both parties must be listed in the order of judgment.It is possible, if the agreement was signed at the time the credit line was initiated, for some credit card lenders, such as Chase for instance, to take money from an account at the same bank. If the husband and wife have a joint account, the money will be taken regardless of who deposited it.If the bank account is a joint account and an order of garnishment is served, it will not matter who is on the account so long as the party upon whom the judgment is served is on the account.It is possible that if the lender has proof that the husband is sheltering his funds in the wife's account, that a judge may permit an order of garnishment to be served on the wife's account, but only for the funds he deposits there.
Can a lawsuit be filed against a bank on a joint savings account if one party takes all the money?
Depends on if the person is the primary on the account, but usually a joint account shares all rights unless otherwise specified. You would have to review your deposit agreement, but normally money in a joint account can be withdrawn or the account closed by either party.
What is a in trust for account?
When money or funds are in trust in an account, they are typically being held for one party and handled by another. It is a way to control and convey assets for a third-party owner.
What is a disadvantage of a joint account?
The disadvantages of having a joint account areEither party can operate the account without the knowledge of the other partyThe bank cannot be liable to entertain claims when one party withdraws money without the knowledge of the other
