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Is hsbc a good credit card provider they are telling me they have to run my credit to get a limit increase is this normal I have had the card for 7 months never late payment never went over limit?
Wiki User
∙ 12y ago
Banks and money lenders use credit companies to 'guess' your credit rating and your ability to repay any money advanced.
If you have never taken out a loan or borrowed money your credit rating will be low.
Most large companies, such as HSBC, are reputable. That does not mean you cannot get a better deal elsewhere
Wiki User
∙ 12y ago
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What is the best way to pay for your credit card?
The best way to pay for your credit card is to be sure you make your payment every month. Missing a payment will increase your fees and increase your interest rate.
Is payment by check a credit or cash transaction?
Paying by cheque is a cash transaction. Assets: debit =increase credit=decrease
Will they give me a mortgage if I have bad credit?
Often you can get a mortgage with bad credit. Bad credit can, though, increase your interest rate, increasing your monthly payment.
What does you have a credit on your account mean?
It means you owe the supplier "service provider" money.probably it happens when you mistakenly make a double payment.
Are credit cards required for a satellite television provider?
Credit cards are not required in order the have satellite television. Other payment methods are allowed. My family pays through debit cards, not credit.
What are the booking entries for operating lease payments?
increase rent expense by payment amount (debit) reduce cash by payment amount (credit)
What makes my credit rating increase?
By making on or before time payment of your financial liabliliies.. like EMI's, credit card payments etc..
What does a credit card processor do?
It helps businesses increase their sales. It is useful to accept all forms of payment
What is credit process?
Credit Card Processing involves and merchant service provider (third-party) who takes care of all the processing of credit card transaction between credit card issuer, merchant account provider and merchants. CreditCardProcessing(dot)com has explained the exact process of how credit card processing works: CreditCardProcessing.com/2014/03/credit-card-processing-works-infographic/ Here is the step wise execution on how actually credit card processing works 1. By Using a credit card customer makes the purchase and makes the payment 2. Payment authorization is send to payment processor by merchant site payment gateway 3. Transaction details are then send to credit card network by payment processor 4. After that payment request is authorized by Credit Card (CC) Network where in the requested amount from the card holder bank account is debited. A payment approval confirmation is also sent to the processor. And Payment processor then confirms payment approval to merchant site 5. After the approval merchant ships the purchased product to the customer and the amount/funds are transferred within 2-4 days.
What is credit card processing?
Credit Card Processing involves and merchant service provider (third-party) who takes care of all the processing of credit card transaction between credit card issuer, merchant account provider and merchants. CreditCardProcessing(dot)com has explained the exact process of how credit card processing works: CreditCardProcessing.com/2014/03/credit-card-processing-works-infographic/ Here is the step wise execution on how actually credit card processing works 1. By Using a credit card customer makes the purchase and makes the payment 2. Payment authorization is send to payment processor by merchant site payment gateway 3. Transaction details are then send to credit card network by payment processor 4. After that payment request is authorized by Credit Card (CC) Network where in the requested amount from the card holder bank account is debited. A payment approval confirmation is also sent to the processor. And Payment processor then confirms payment approval to merchant site 5. After the approval merchant ships the purchased product to the customer and the amount/funds are transferred within 2-4 days.
What is credit provider?
A credit provider is a bank or financial institution that extends credit (lends money).
Where can one check their credit report for free?
Transunion is an excellent website that offers a comprehensive and professional credit report. They can also query any problems you notice directly with the credit provider on your behalf and if that provider cannot prove that you missed a payment or had a bad record, Transunion will remove it from your record. Other options to Transunion, include AnnualCreditReport, FreeCreditReports and Credit Karma.
