0
How little does your credit card debt have to be for the credit card company to charge it off as uncollectible?
Wiki User
∙ 15y ago
any amount due them
Wiki User
∙ 15y ago
Add your answer:
Earn +20 pts
Can a credit card holder request a charge-back for a shady streaming company if a minor made the charge SEE Discuss?
The card owner / card holder, in this case your mother, will need to call the credit card company to dispute the charge. Minors cannot authorize a charge. She will need to explain that her son, your little brother (give his age), took the card from (wherever she had it) and entered the card number without her permission. She does not need to wait to receive the bill before disputing the charge, though she should explain how she found out he did this.The credit card company will likely will reverse the charge/s.However---and this is very important--- credit card companies will not be so forgiving IF she has any other incident concerning her children. You/she need to emphasize to your little brother that credit cards create a legal responsibility to pay X amount--plus interest. The credit card company does NOT have to reverse or dispute the charge. Your mom could be liable to pay the bill this time OR if any other incident occurs. Kids can mess up a parent's credit history, plus make finances tighter.Also, certainly there is enough on cable television for young kids to watch. He needs to understand that the Internet is not always safe, but watching TV on regular channels (NOT pay per view) is always better than paying an Internet movie company.
How much does a person need to spend on a company credit card before its considered a crime?
If the person is not authorised to use the company credit card, anything they spend is fraud - no matter how much or how little the amount !
What happens when you are in a nursing home and can longer pay your credit cards?
You will default on your credit card accounts. Being an unsecured loan, there is little a credit card company can do. That is a risk credit card companies take. Regardless of why you can't pay, non-payment will result in default. The extent to which a credit card company will attempt to collect depends on whether or not they feel you have sufficient income.
What company has the best credit card offer?
Getting your first credit card is a great accomplishment but it can be a little scary. If you visit the website www.creditcards.com they will be able to compare different credit cards and rates for your first card.
Can you pay your credit card bill with the same credit card?
Yes you can. Two ways to do it.By using your credit card and withdrawing $ from it. Then using that $ to pay the card. Keep in mind however, that you should do this if it's your last option. The credit card company will charge you fees to do this. It's a little expensive. Or...When I did it, I charged a $400.00 eBay item on my card for my cousin. He asked me to buy a laptop on eBay for him, because he doesn't have a credit card. Then he gave me the $400 in cash, a few days after I used my credit card for his item.. So I deposited the $400.00 into my bank account. Then I sent the credit card the $400. back to them on in an online payment. So that month, I didn't pay the credit company from my own money.
Why aren't credit cards considered money?
They aren't 'money', they're a form of revolving debt. Imagine you use a credit card to buy something for £100. You haven't paid anything, but the company has received £100. At the moment, it is the credit card company who has paid for it. Now however you owe the credit card company that amount, plus some interest. When you pay this, the debt is gone, and the credit card company has made a little on it for their services. So rather than pay £100 now, you pay £105 at a later date.
What service does the Auto Credit Express offer?
Auto Credit Express is a financial institution is a company that provides loans to people so that they can purchase a car or truck. One takes out a loan from this company and pays back the loan with a little more than they received. That is how Auto Credit Express makes money.
How to raise your credit score quickly?
There are several things you can do, you can get a credit card and charge a little bit on it, be sure to pay it off each month. You can also pay down your current loans and credit cards. Having an open line of credit that is rarely used or has low balances, shows that you have the credit available, but you don't need it.
How much does credit repair cost?
Credit is everything first thing first your credit doesn't not go up only with time you have to get things deleted off your credit and that could cost you $800 per deletion. Time is most definitely Important but are you willing to be building your credit for 13 years? That would be something I personally wouldn't do. There is is amazing credit repair company that could fix you credit in as little as 4 to 5 months. THIS IS A GREAT COMPANY!
What are credit purchases?
credit purchases are goods that you buy on credit and and pay little by little to pay to the person you owen.
Why score goes down after paying a charge off?
I know it sounds a little goofy but, your credit score is based on your credit history. Once you pay something off your credit history is completed for that particular account so your score drops a little. Having said that, I certainly don't recommend that you keep a lot of bills open just to keep your credit score high. A credit card where you maintain a small balance with most of the credit line available and paying your utilility, phone and rent or house payment on time or a little early will keep your credit score pretty healthy.
What happens if a credit card has been processed under the debit option by mistake?
Typically the point of sale terminal will ask for the pin number. If the user has the pin number, the charge will be handled as a debit charge instead of a credit charge. (It's a little cheaper for the merchant; it will make no difference to the card holder.) If the card does not allow debit transactions or the user does not have the pin, the transaction will be declined.
