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If your VISA account is closed by lender because you wrote too many complaint letters and called them incompetent will this affect your credit score if there are no late payments?
Wiki User
∙ 19y ago
No, I don't think so. I went through something similar with household bank and my account was closed. But I was never late so they continued to report as current. However, on my credit report it states account was closed at consumer's request. So they may put a note with our account, but they can only report what is true; that you are either current, late or closed account but paid satisfactory. Hope this helps.
Wiki User
∙ 19y ago
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What can cause an account to go into arrears?
Missing payments can cause an account to go into arrears. This is because additional debt is owed.
If your payments are on time can they repo your truck just because a separate checking account is in default?
IF your loan contract calls for cross-collayteralization of the checking account, YES.
Difference between income and expenditure account and p and l account?
Differences Between Receipts And Payments Account And Income And Expenditure AccountThe following are the main differences between receipts and payments account and income and expenditure account: 1. NatureReceipts and payments account is a summary of cash transactions for a period and it is a real account. Income and expenditure account is a summary of expenditure and income like trading and profit and loss account and it is a nominal account.2. ObjectiveReceipts and payments account is prepared to show cash and bank receipts and payments during the period to derive closing balance of cash and bank. Income and expenditure account is prepared to show the net result of the operation during the period to derive surplus or deficit.3. RecordingAll cash and cheque receipts are recorded on debit side of receipts and payments account where as all cash and bank payments are recorded on credit side. In income and expenditure account all expenditure of revenue nature are recorded on debit side and all incomes of revenue nature are recorded on credit side.4. Capital And Revenue ItemsThere is no distinction between capital and revenue receipts and payments in receipts and payments account. All expenses and incomes of revenue nature are recorded on accrual basis in income and expenditure account.5. ContentsReceipts and payments account contains only cash and bank transactions. Income and expenditure account contains both cash and non-cash expenses and incomes of revenue nature.6. Balance Sheet RequirementReceipts and payments account is not required to prepare balance sheet. Income and expenditure account is required to prepare balance sheet.7. AdjustmentsNo adjustments are required in receipts and payments account. In income and expenditure account adjustments are made because it is prepared on accrual basis.
Why can't all the balance of payments accounts be in surplus?
The balance of payments accounts cannot be in surplus because there is always a balance in economics. For example, if you used cash assets to purchase equipment, the equipment account will increase but the cash assets account will decrease.
Why should you establish an online account with the travel charge vendor?
Because it provides easy access to statements, payments, and mobile alerts.
Why should you establish an online account with the travel card vendor?
Because it provides easy access to statements, payments, and mobile alerts.
Why should you establish an online account with the travel charge card vendo?
Because it provides easy access to statements, payments, and mobile alerts
Why should you establish a online account with the travel charge card vendor?
Because it provides easy access to statements, payments, and mobile alerts
Why you should establish an online account with the travel charge card vendor?
Because it provides easy access to statements, payments, and mobile alerts.
How to Figure Out if Electronic Payments Will Work for You?
If you hate paying bills through snail mail, and sometimes find yourself even forgetting to mail in the payments for bills on time, it may benefit you to allow the people you owe to debit electronic payments from your checking or savings account. Not everyone likes signing up to have electronic payments withdrawn from their account, but it does help if you need your bills paid on time (and don’t want to take the time each month to write and mail the necessary checks).If electronic payments are to work for you, you need to make sure that you keep whatever bank account you’re having the payments withdrawn from balanced. Having electronic payments debited from your bank account will not work for you if you are not up to the responsibility of keeping your bank account balanced. If you are a responsible person who balances their checking and/or savings account often, then chances are electronic payments will work out very well for you.If you are able to make a note of what bills are to be paid electronically every month, then it is likely that electronic payments will be something useful to you. Losing track of what bill payments you are having withdrawn electronically is a really bad idea. You do not want to overdraw your bank account because you have not checked to see which payments are going to be deducted from it on specific dates.Electronic payments may work out better for you if the company wanting to debit them from your account is willing to offer you a discount if you do sign up for the electronic payment service. Some companies are so happy to get you to switch over to the electronic payment method that they are more than willing to deduct a few dollars from your billings if you do it. Check to see if the companies you deal with on a regular basis offer any savings if you do allow them to deduct your payments electronically.
Will it help your credit to close a credit card that shows late payments from four years ago even if you are in good standing now?
Closing an account may help your overall FICO score, but only because your available debt would decrease. The late payments stay on your record regardless if the account is open or closed.
If your SL is deferred until 2008 but you are being denied credit because of it is it better for your credit score to pay it all or to make payments?
if its deferred because you are in school... then you arent being denied credit because of it. if you dropped out of school then you have to begin payments immediately... if not then you default... which will get you denials. if you are deferred because you are in school... then it actually helps your credit because its an open account that's current.
