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If you have an outstanding child support debt on your credit report what does it mean when your credit report states that this account will be positive in the year 2010?
Wiki User
∙ 16y ago
By that date any delinquencies will be deleted because they'll be considered a write-off on your account.
Wiki User
∙ 16y ago
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Can you earn interest from a credit card if you have a positive credit account and does the credit company have to pay you interest for borrowing your money?
You cannon earn interest from a credit card if you have a positive credit account. The bank will simply give you a refund if you have overpaid.
Can you place a outstanding bill on someones credit report?
Yes, if you are the original creditor and you have an account with any of the three credit bureaus.
Where put entry outstanding expenses in profit and loss account?
Outstanding expenses are put on the credit side in a loss and profit account. Outstanding expenses refer toÊthe amounts of money that are due for things like rent that are not yet paid.
Can a creditor close a revolving line of credit account without notice when the account has been in good standing?
Yes. If you have no balance due or outstanding charges.
What is Total outstanding authorization amount?
A "Total outstanding authorization amount" is an amount (usually money) that is with held from the current running total on the account. Normally you'll see this on a bank account or credit card transaction that is pending.
You have bad credit will it improve after you pay off car?
It depends. If you have been paying this account on time and it is reporting as a positive on your credit and you pay it off, that will be one less positive account reporting to the credit report. If you have too much credit and the amount of credit is making your credit look like you have debt overload...pay it off. I f you have been late on it, catch the payment up and keep it up so that you can have an account that is reporting positive to your credit reports and start cleaning your credit up.
How long does it take for credit card accounts to be closed if they have not been paid?
If a credit card account has an outstanding balance that is defaulted on, the account will not be closed. The account will be charged to profit and loss, or sent/sold/assigned to collections, either internal or external.
Will having no credit cards or outstanding loans improve a credit rating over time or is having at least one account that is current better?
You have to have credit in order to have a credit history and a credit score. Every consumer needs at least one installment account and two revolving accounts that are managed properly for optimal points during the calculation that produces a credit score. It can be harder to get the credit you need, such as a mortgage loan, with no credit history than when a borrower has bad credit. Also, if a consumer has bad credit; positive, ongoing,accounts will offset the negative information.
What is meant by acceptance outstanding?
Letters of Credit outstanding - this account arises out of the issuance of letters of credit for which the bank obligates itself to pay or guarantee payment. The bank has a right of recourse against the customer whose credit it substitutes. Acceptance outstanding - this is similar to the account letters of credit outstanding except that it makes the bank's obligation more real than contingent. the bank will honor the drafts presented to it and will also have the right of recourse against the customer. The acceptance makes the instrument easily negotiable and more acceptable for discounting. source: Banking theory and practice by: Mercedes M. Leuterio & Consuelo B. Estepa
What does chase balance transfer stand for?
A balance transfer is the transfer of balance in an account or a credit card to another account.It also refers to transfer of outstanding balance from one credit card to another credit card.
What does dda gl credit mean?
DDA=Demand Deposit Account....(ex, checking account, savings account, etc) GL=General Ledger.... Credit=Positive Entry, Entry going -in-, opposite of debit....
Does failure to pay child support show up on your background check?
Yes, as it would include a credit check for outstanding debts.
