0
the owner pays the credit cards because they owned the company
Wiki User
∙ 15y ago
Add your answer:
Earn +20 pts
The significance of the word 'limited' in the name of a company?
it means that the company has limited liability. If the company goes bankrupt they loose only what they invest in the business.
Does a business credit card help your credit?
A business credit card will not (in 90% of the times) help your credit. It does not even show up on your personal credit unless it goes bad(you default). All you will see is the inquiry from the bank when applying.. learn more at www.mybusinesscreditblog.com
Can a business still process credit cards online if the power goes out?
With a lot of work they can, but they may not be up to it. They would need to use the phone system which may not be working either. You would be better off using cash.
Your credit report has two creditors with the same credit card number?
usually this is because the original lender sold the account to a new lender which takes on the loan/debt, but the paper trail is still left on a persons credit report. If a company goes out of business they also liquidate their assets/accounts to another creditor. It also can be because the person did not pay on the account and it was sold to another creditor or a collection company. The most rare case would be that there is a mistake on a persons credit file and should contact the credit report company.
Can a credit card continue to charge interest when the bank goes out of business?
According to my opinion, if a bank goes out of business or becomes bankrupt then credit card cannot continue to charge interest . Because now bank has no rights to give and take money from anyone.
Where can one get business cards printed for a massage therapy company?
One can get business cards printed for a massage therapy company when one goes on the website of Vistaprint. There are many designs one can choose from and one can decide the color, message and details.
Can a business just accecpt only credit cards?
Absolutely! Goes hand in hand with any business who deals in a cash only basis, too. Some businesses prefer credit or debit cards for purchases as they don't have to worry about cash being on the premises, which could open up prospects for being robbed.
Is a widow obligated to pay for her deceased husband's credit cards even though she is not on the credit cards in Arizona?
Money that goes to his estate needs to pay off the account.
Would I get a better rate with unsecured credit cards?
Unsecured credit cards can give you better rates and reward programs, however these things must be balanced against the risk of credit problems if something goes wrong.
The significance of the word 'limited' in the name of a company?
it means that the company has limited liability. If the company goes bankrupt they loose only what they invest in the business.
Does a business credit card help your credit?
A business credit card will not (in 90% of the times) help your credit. It does not even show up on your personal credit unless it goes bad(you default). All you will see is the inquiry from the bank when applying.. learn more at www.mybusinesscreditblog.com
Can a business still process credit cards online if the power goes out?
With a lot of work they can, but they may not be up to it. They would need to use the phone system which may not be working either. You would be better off using cash.
What is a person called that goes in a company and shows them a better way to do business?
Business/management consultant
What is the palindrome for what do owners of a company do when business goes bad?
boss sob
What do owners of a company do when business goes bad in palindrome?
boss sob
Your credit report has two creditors with the same credit card number?
usually this is because the original lender sold the account to a new lender which takes on the loan/debt, but the paper trail is still left on a persons credit report. If a company goes out of business they also liquidate their assets/accounts to another creditor. It also can be because the person did not pay on the account and it was sold to another creditor or a collection company. The most rare case would be that there is a mistake on a persons credit file and should contact the credit report company.
Can a credit card continue to charge interest when the bank goes out of business?
According to my opinion, if a bank goes out of business or becomes bankrupt then credit card cannot continue to charge interest . Because now bank has no rights to give and take money from anyone.
