Stays on your credit rating for 7 years. Has a very negative effect.
If an account has a credit balance the customer must have overpaid on their account or a credit was issued by the company and posted to the customers account, resulting in a credit or negative balance.
Negative impact to your credit score, and your car could get repossessed.
Cars repossessed laws in Canada a vary by provine.Whether your car will be repossessed depends on such factors as the province you live in and how for behind you are with your payments.Vehicle repossessed is negative impact on your credit rating. If you want more information email me at firstname.lastname@example.org
There is a credit due back as a refund.
You need to contact creditsweep.net
You end up with HORRIBLE credit if you don't pay your bills and you let your possessions get repossessed.
As accounts payable has a credit balance as normal balance so it has credit balance until not paid but it may have debit balance as well in case when payment is made for more than actual accounts payable which create negative balance or debit balance.
No, because you have your own separate credit report.
Any negative cash balance represents float. It could represent the total amount of checks outstanding, checks generated and not mailed, or an unreconciled line of credit. Basically, negative cash should be booked as additional accounts payable or an increase in the outstanding borrowing on the line of credit.
Yes, however you can easily take care of this and have your credit reports corrected.
Excess of repayment over scheduled or expected repayment. For eg. the expected balance in a HL account on a given date is 10,000/-, the actual account balance should have been 8,000/- as per the repayments made, the excess repayment of 2,000/- is negative credit balance or unadjusted repayment.
yes it has a 10 year limit
That means that you have a credit on your account. So you don't have to pay anything to the credit card company because you paid too much, or you got a credit for something returned.
Not as long as you don't default in the payments.
a "credit balance" is money that you have.
The repo will effect your credit. The judgment the lender will get will effect your obligation to pay the deficiency balance. the letter wont effect anything UNLESS the car WAS stolen.
IF you can pay it off AFTER it is sold, it will still show as a repo on your credit. BUT if you can payoff then, pay it off NOW and you get to keep the CAR.
Normally your credit is ruined for 7 years.
A motorcycle that was paid for on a credit card can not be repossessed considering the credit card company paid the dealer. You must pay the card company back though or they can take you to court.
Yes it will have an effect. It still has your name on it.
It has the same effect on the credit.
it is a credit balance
Sales revenue has a credit balance as a normal balance so product sales also has credit balance as normal balance.