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Can you earn interest from a credit card if you have a positive credit account and does the credit company have to pay you interest for borrowing your money?
Wiki User
∙ 9y ago
You cannon earn interest from a credit card if you have a positive credit account. The bank will simply give you a refund if you have overpaid.
Wiki User
∙ 9y ago
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Can a company who bought a charged off account try to collect interest on the account?
Yes, interest and fees are still charged when an account is sent to collections or purchased by a third pary collector.
Can a company who closes your account try to collect interest three years after closing the account?
Yes, if you still owed a balance at the time the account was closed. Just because a company closes an account does not mean that any balances that are owed to them disappear. If your account was closed and there was still a balance outstanding and you did not pay that balance, the company has every right to collect the balance and any interest outstanding.
Can a credit card company keep adding interest on a closed account?
Yes, until the account balance is paid in full.
Is best interest rate mortgage company is a legite co?
I have worked with the company and known a few people who have also. My experience was generally positive.
Which company offer the best cd interest rates?
The company which offers the best cd interest rate is constantly changing as banks and building societies try to out do one another. The best option would be to compare interest rates on the day of opening the account.
How Interest Rates can Affect a company?
interest rates reflect the funding cost. for the the company the higher the rates the higher the borrowing cost.
Micro Fish Company recognized 10000 of interest expense in 2007 The balance of the company's interest payable account decreased 2000 The amount of cash paid by the company for interest in 2007?
Company has paid 2000 cash for interest due to which interest payable reduced by 2000.
Can a company who bought a charged off account try to collect interest on the account?
Yes, interest and fees are still charged when an account is sent to collections or purchased by a third pary collector.
How can you use interesting in a sentence?
I have a particular interest in Astrology. A company may try to interest its customers in online shopping. I receive very little interest on money in my checking account.
Can a company who closes your account try to collect interest three years after closing the account?
Yes, if you still owed a balance at the time the account was closed. Just because a company closes an account does not mean that any balances that are owed to them disappear. If your account was closed and there was still a balance outstanding and you did not pay that balance, the company has every right to collect the balance and any interest outstanding.
Can a credit card company keep adding interest on a closed account?
Yes, until the account balance is paid in full.
How can avoidable interest be greater than actual interest?
In case that company uses its equity from retained earnings or contributed capital in addition to borrowed funds to carry out the project, it is possible the avoidable interest is greater than actual interest. Due to the calculation method for avoidable, where you multiple the weighted average interest rate for other borrowing by the rest of the funds used for the project plus the specific funds borrowing interest cost to get the avoidable cost, it is possible that avoidable cost is greater than actual interest.
If a credit card account has been sold can the new company continue to charge interest?
in fact they do
Is best interest rate mortgage company is a legite co?
I have worked with the company and known a few people who have also. My experience was generally positive.
Why is it important for companies to grow organically using internal profits other than external borrowing?
If a company relies on external borrowing, its debt will be on the increase as interest will be paid on any borrowed fund. The company may end up working for her debtors. Peradventure the company the experience shortfall in Its income or productivity, it will find it difficult to settle her creditor thus having accumulated debt which is an express way to liquidation.
Which company offer the best cd interest rates?
The company which offers the best cd interest rate is constantly changing as banks and building societies try to out do one another. The best option would be to compare interest rates on the day of opening the account.
Can a credit card just raise interest to 29.99 percent without good cause?
Credit card companies can do what they like with interest rates. You are effectively borrowing money from the credit card company (they pay the store for the goods you buy) then you pay the card company back. They are entitled to charge for the service they provide. The interest they charge pays for the production of the cards, the offices, computer systems and staff - and the interest THEY pay on the money they are lending you !
