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Your credit card will be withdrawn, your ability to get a credit card from another company will be reduced, your credit rating may suffer, legal procedings may be commenced to recover and money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.
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∙ 15y ago
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How old do you have to be to have your own credit card?
you have to be 18 to sign a contract for a credit card in your name.
Is a chase credit card a written contract?
YES
Where can you a student card?
credit or parents sign contract
Can a credit card company hold you responsible for a credit card if no application contract or agreement of terms exists?
If a card was received and used by the named person then a contract is implied and there does not need to be a written, signed agreement.
Can a credit card company raise the rate on existing balances if you exercise your opt out option?
If it is allowed in your credit card contract.
What happens when the credit card on file with a company you owe money to is invalid?
They say that I am in contract to pay for everything. They have my credit card and that's it. What can happen if the credit card on file is invalid?
What is a negative consequence of applying for a credit card when you have bad credit?
If one is to apply for a credit card with bad credit, there could be several things that could happen, starting with the individual being declined a card. If they are accepted for a credit card, they may face a huge interest rate and major penalties for late payments.
Do revolving store accounts require signing a contract?
Yes. When applying for a store card (or a credit card), the signature on your application implies agreement to the contract between you and the lender if the decision to extend you credit is made. Also, if you use the card, there is language in the Terms and Conditions section (fine print, the contract) which states that your use of the card implies you will accept the contract.
What is profit and consequence of online shopping?
The consequence is you get your credit card information stolen and put loads of viruses onto your computer then your computer will blow up.
How does someone apply for credit card?
One applies for a credit card by going to one's local bank, opening an account, and signing a statement or contract of some sort to open a credit card.
How does someone apply for a credit card?
One applies for a credit card by going to one's local bank, opening an account, and signing a statement or contract of some sort to open a credit card.
What kind of contract is a revolving credit card account legally defined as?
It can be considered an open account or a written contract.
