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Can a person open a new account with the same company once a charge off has been dropped from a credit report?
Wiki User
∙ 8y ago
There are no laws (so to speak) preventing such a transaction. It is highly unlikely, that a company would accept a consumer who failed to honor past obligations. The person would be considered a "high risk" and not exactly a desirable customer. If the SOL for the resident state has not expired, the account is still collectable. Even though it may not be showing on the person's CR.
Wiki User
∙ 8y ago
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Can a credit card company allow a charge on an inactive credit card?
Sure they can. Inactive means it hasn't been used for a while, but it is still a valid account.
If you close a credit card can a merchant still charge the account?
No, if you close your credit card, a merchant will not be able to charge the account. When the merchant attempts to get an authorization, it will come back declined.Now, if a merchant received an authorization before the card account was closed, the authorization will be honored.A merchant may attempt to force a credit card transaction without an authorization, but the credit card company will not pay it.http://paymenttransactionsystems.comhttp://merchantpos.net
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.
How can I stop the charge when I can't recognize that charge in my credit card account?
Contact your bank or credit card company.
When can a credit card company charge off your account?
after 30 days or sooner
If a credit card account has been sold can the new company continue to charge interest?
in fact they do
Can a credit card company allow a charge on an inactive credit card?
Sure they can. Inactive means it hasn't been used for a while, but it is still a valid account.
Can your credit score go up if your charge off is dropped after 7 years?
I just need to know what happens to your credit score after a charge off has been dropped past 7 years.
Can a company charge your credit card without your permission?
No, a company can not charge a credit card without permission. This violation should be reported immediately to your credit card company.
Can a credit card company charge a three percent fee up to one hundred dollars for closing an account with a balance?
Yes.
If you close a credit card can a merchant still charge the account?
No, if you close your credit card, a merchant will not be able to charge the account. When the merchant attempts to get an authorization, it will come back declined.Now, if a merchant received an authorization before the card account was closed, the authorization will be honored.A merchant may attempt to force a credit card transaction without an authorization, but the credit card company will not pay it.http://paymenttransactionsystems.comhttp://merchantpos.net
Is the physical card required for a thief to charge to my credit card account?
No the physical card is not required to charge to your credit card account. All they need is the credit card number and back code. So yes they can charge things to your card.
Can a credit card company freeze your bank account?
A credit card company cannot freeze your bank account. However, it can sue you in court for any overdue balance. If the credit card company is successful, the court will issue a judgment lien that the creditor can use to freeze your bank account and seize any money you have on deposit. In fact, the judgment lien can be used to seize any assets you own to satisfy the lien.
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
