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I'm a student 21 years old. Not sure of my credit score. I have one card with a 1000 limit and no balance and one with a 1250 limit and 600 balance. Would getting a third card hurt my credit?
Wiki User
∙ 15y ago
depends on what type of credit card you are thinking of getting
Wiki User
∙ 15y ago
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Does sales have a normal debit balance?
No, Sales would normally have a credit balance.
Would equipment normally have a credit balance?
No, but it would have a value.
Which normally has a credit balance - accounts receivable or notes payable?
Notes Payable is a liability, so it would normally have a credit balance. Accounts Receivable is an asset which would normally have a debit balance.
What would decrease liability?
Debit balance would decrease the liability as credit balance increases the liability.
Does a parent's credit score affect student loan?
If the student loan is taken out in the name of the student then no. The student's credit score is separate from anyone else's. If the student loan is taken out in the name of the parent or with them as cosigner then yes - their credit scores would come into play.
Does closing a credit card with a balance affect your credit rating?
Absolutely!!! Your credit score would go down and interest might be charged. Would be more of a lose for you. Its better to close it with a paid balance!
What would you do if the credit amount is greater than the debit amount in the trial balance?
You would post the surplus credit into the 'Unassigned credit' entry.
What is the difference between debit balance and credit balance?
This is really not as simple as writing debit balance is or credit balance is:In accounting Debit literally means the left side and credit means the right side. The difference between a debit balance "account" and a credit balance "account" is:Debit balance accounts increase with a debit and decrease with a creditCredit balance accounts increase with a credit and decrease with a debitAssets maintain a debit balanceLiabilities and Owners Equity maintain a credit balanceThe above answer refers to accounting, however, I noticed that you also put this in Credit and Debit cards: using a bank debit or credit card is the opposite of the view you see doing accounting.On a Credit card statement for example, a credit balance would mean that the credit card company is "crediting" you with a certain amount, meaning you do not owe that amount anymore. A debit would be a rise in the balance you "owe them".
Does interest revenue have a normal debit balance?
No, Interest Revenue is income and would normally have a credit balance.
Why would an available balance be higher than current balance?
It appears the account includes a line of credit.
Which of these credit card features would be best for customers who want to pay off the balance on a high-interest credit card?
Low fees for balance transfers
When might someone see 'credit card 0 balance transfer' on their statement?
'Credit Card 0 Balance Transfer' would appear on your credit card statement if your credit card is paid off in full. This means that you do not have to transfer any money from your bank account to pay off your credit card balance.
