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Is it legal for a credit card company to lower your limit after you make a large payment?
Wiki User
∙ 14y ago
Read your card agreement and it will spell out what terms you are under
Wiki User
∙ 14y ago
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What legal actions can a credit card company take to collect a 500 dollar debt?
If this about you, you can be sued.You need to pay the company, or make payment arrangments. This won't go away trust me.
How long does a company have to inform a cosigner that the borrower is in default in payment?
It is their legal right to never inform you and simply allow your credit deteriorate. It is your job as the cosigner to make sure the contract is up-to-date.
How can you have a towing company release a lien with out payment?
A court order is the only legal avenue.
Is it legal for a Credit Union to demand payment on a loan you got to purchase a car when they do not have the title for it?
IF you signed a loan with the CU and used the car as collateral, YES IT IS LEGAL. And it is WISE for you to pay.
Can't pay credit card what happens?
If you can't pay - contact the card company now ! Explain you're having difficulties meeting the payments and ask them to calculate a lower payment rate over a longer time period. Do not let it get to the legal stage, as they'll add legal fees to your existing debt ! Most companies will gladly negotiate a lower payment over a longer time, than instigate legal proceedings.
What in legal terms is a payment ex gratia?
Ex Gratia means "by favor". In legal terms, this is a payment made by a company or employer when no payment is obligated. The payment is not made because a person is employed by the company and is unconnected to the services the company provides.
What legal actions can a credit card company take to collect a 500 dollar debt?
If this about you, you can be sued.You need to pay the company, or make payment arrangments. This won't go away trust me.
How long does a company have to inform a cosigner that the borrower is in default in payment?
It is their legal right to never inform you and simply allow your credit deteriorate. It is your job as the cosigner to make sure the contract is up-to-date.
Are coins and checks legal tender?
coins are legal tenderpersonal checks, credit cards, and similar non-cash methods of payment are not usually legal tender
How can you have a towing company release a lien with out payment?
A court order is the only legal avenue.
Can an uscure credit card company take you to court for usecure credit?
If you do not pay your debts, a creditor may take court action and try to secure the debt to an asset, to assure payment. They can then start to foreclose or take the asset to get payment. Any costs a credit card company incurs to collect the debt you owe becomes costs you are responsible for. So you will pay for their lawyers too. Uh....do you think you can just not pay on your sworn legal promise to pay and nothing will be done?
Can a customer stop payment on a credit card transaction?
In short, the answer is NO. A customer cannot stop payment on a credit card once you have authorised it, i.e. put in the pin number on the card machine or clicked the 'payment' button on an internet shopping site, in the way you can stop payment from say a cheque. However, you can rise a 'dispute' over your purchase/order after the payment has gone through under certain conditions, like if the company was dubious or you did not receive goods, and get your money back that way. Your credit card company will send you some dispute forms to fill in, those will then be passed for to their legal team, who did then investigate into it and try and get the money back. The process may be long and tortured.
Does a company credit when the company is the accounts payable and the card was issued by the company for business expenses affect your personal credit score?
If none of your legal information is attached to the card (SSN for example) then the answer is No it will not affect your presonal credit score.
Why can't you get a credit card if you are 17 and have a steady job with a good income?
The age that one can enter into a legal contract by law is 18. There are a few exceptions in a few states. If a credit card company knowingly issued a card to a minor, the person could not be held responsible for payment. However, is the minor committed fraud by claiming to be of legal age, that is a different story.
Is it legal for a Credit Union to demand payment on a loan you got to purchase a car when they do not have the title for it?
IF you signed a loan with the CU and used the car as collateral, YES IT IS LEGAL. And it is WISE for you to pay.
Can't pay credit card what happens?
If you can't pay - contact the card company now ! Explain you're having difficulties meeting the payments and ask them to calculate a lower payment rate over a longer time period. Do not let it get to the legal stage, as they'll add legal fees to your existing debt ! Most companies will gladly negotiate a lower payment over a longer time, than instigate legal proceedings.
When Payment by mail considered paid?
Since the United States Postal Service is a legal agency representing a company, the postal date on the envelope is considered the date of payment.
