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Nope, unless your bank is the one you have your credit card with and even then if you send in writing to the company a request to contact you before debiting your account for a disputed charge to your account. Hope that helps.

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โˆ™ 2008-05-11 18:04:33
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Q: Does a credit card company have the right to attack your bank account?
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Related questions

What is the legal right to receive cash from a credit sale and represents an asset of the company?

account receivable

Can a credit card company lower your credit limit without your consent?

Yes. They have the right to do that. They are the one who is giving you the credit in the first place. Not only can they do that but they can also take away all your credit and close your account for no reason at all if they choose too and they can also sell your account to another company without your permission just because they want too. But they have to notify you that they are doing that. Yes, they can change or even cancel your limit without your consent.

Right side of a t account?

Right side of a T account is the credit side.

Increases in a revenue account are shown on a T account's?

Right side, that is the credit side.

Have credit card company putting levy on joint account but card is in my name only?

The card is linked to the bank account registered when you first applied for it. Even if the card IS just in your name - it makes NO difference to the card company - so long as they get the money you owe them ! They have a legal right to debit the bank account you registered with them until the debt is repaid.

How does the credit card refund process work?

Many credit card companies have in their terms that they have the right to take 3 to 4 weeks to credit your account with a refunded amount. So the merchant may have processed the refund but your credit card company will take 3 - 4 weeks to accept it. This is so they can hit you with balance charges.

What is a sentence using credit?

Having done the right thing is to your great credit. I would like to credit my account with a deposit today.

How does a company report someone to the credit bureau?

The original creditor either sells the debt to a collection agency or the collection agency may aquire the debt on a contingency basis. At any rate once the account is in collections 30 days from the date of turn over the collection agency has the right to report the account to the credit bureau. Accounts are sent to the credit bureau via internet with encrypted files.

Can the credit company sue you for putting the the wrong annual income on the application?

There would be no reason for a lawsuit. If the company believes you misrepresented you annual income, they would most likely close your account. The only reason to sue you would be for non-payment of the outstanding balance, which they have a right to do.

How long should you withhold a payment if you are disputing a charge on your account and the dispute is not settled?

You should continue to make min. payments on your account. If you don't, it will effect your credit rating and it is much harder to repair your credit than get a credit for the payment you made from the credit card company.It depends. You have a right to not pay for the disputed amount on your credit card. This is under the Fair Credit Reporting Act, I believe. They can not use this nonpayment to negatively affect your credit or your account. (I took a class on this in law school)However, if you already had a balance, you still need to make payments to cover that. Withholding payment only applies to the portion you are disputing.

Does owners equity account balances in the credit side?

Yes. Owner's Equity is a credit and typically displays on the right side of a balance sheet.

Explain in a simple way what does debit and credit mean?

The literal definitions of Debit and Credit in financial accounting are Debit. (1) The left side of the account. (2) the amount entered on the left side of an account. (3) To enter an amount on the left side of an account. Credit, same as above only it is entered on the RIGHT side of the account.

Who can I call to get things off of my credit report?

Call the original company you owed for a letter that the account has been paid in full -it will need to be on letterhead. They should also remove it from the credit report, but this sometimes doesn't happen and the letter is great back up. Then, contact the different companies. If the entry is not you, then call the credit card companies right away.

How do you change your account age on

'your account' on the top right of the screen. Then 'credit/debit card' tab on the left. here you change your age.

What is a top rated credit management services company?

A top rated credit management company is a firm that has excelled in the field of putting companies and individuals credit status right by settling debts and resolving financial disputes.

What does it mean if a credit card company enters a judgment on you?

It means that you have that on your credit report for 8 years and that they have the right to collect the judgment from you.

What is the right side of T account?

means Credit side (left side is Debit side)

What is theDifference between a debit and a credit?

When you make purchases with a debit card the money is taken out of your account right away, when you purchase with a credit card you don't have to pay in full right away you make payments.

Can you create an apple id on the computer instead of doing it on the iphone?

Yes you can! And you can make a free account if you do it right! Instead of linking a credit card to your account

What are the advantages of a cheque account over a savings account?

savings account is to save your money till a certain point in time credit is right then and there.

Can two different creditors report the same account on your credit report?

I had the same issue, and technical they can sometimes be a double reporting on your account. You have the right to send that in as a dispute, requesting that one of entries be removed, as these double entries do effect your credit.

What does the company Continental Finance do?

Continental Finance is one of America's leading originators of credit cards for consumers with less than perfect credit. Whether you have fair credit, poor credit, or no credit at all, they have a product that is right for you.

Does a collection agency have the right to do an inquiry on your credit history without your permission?

No. Credit history can only be obtained if the person has given their permission. Any company accessing your credit must have a permissable purpose as defined by the Fair Credit Reporting Act. One such purpose is an inquiry relevant to an existing account. Collection agencies frequently perform inquiries based on their contractual relationship with their client (who had a contractual relationship with you), therefore allowing them access to your credit file.

Am I right that equifax help you out with credit?

Equifax is a consumer credit reporting agency. Creditors report to this agency on a monthly basis, and share information on how you pay your bills. there is also the identity theft protection which they offer to customers. The company helps consumers by giving a detailed account of how an individual pays on their accounts, and limits the risk of a consumer issuing credit to someone who is dilinquent when it comes to paying bills.

What happens if you have no activity in credit card?

Many credit card issuers will either close the account or reduce the amount of available credit if a card is not used once in a while. The preferred frequency of usage is often arbitrary. However, using a card occasionally and then paying it off right away--within a day or two--would usually avoid any interest and keep the account alive. If one already has an account, the available credit helps to improve one's credit score. Therefore, it is important to keep the account alive.