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Is it true that people and businesses are required by law to reveal every term and cost attached to the credit they extend?
Wiki User
∙ 10y ago
True
Wiki User
∙ 10y ago
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How can you get denied for a secured credit card Is it not your money?
Financial institutions have their guidelines for extending credit - whether secured or unsecured. They are not required to extend these products to persons not meeting their guidelines.
Do you have to supply ssn to credit card companies?
No, but neither do they HAVE to extend you credit.
Why do companies extend credit?
Companies extend credit to their customers for several reasons. One reason is financial. Companies make money from charging customers interest on their credit lines.
Which credit card companies extend credit to small businesses?
For one, I know Bank of America has many small business credit card programs. A small business credit card is always better than using your personal card because the debt is tied to business assets instead of personal assets. Go to www.bankofamerica.com to see what they offer.
Is the accounts receivable clerk responsible to extend credit?
No
Is it wise to do credit sales in a business?
Though risk factory is there in credit sales, you are to extend credit against sales to stay in business. However, to safeguard your interest, you are to extend long term credit to customers only assessing detailed whereabouts ,financial standing, credit worthiness etc.
Should businesses extend benefits to same-sex spouses?
Yes. In states where same-sex marriage is legal, although a business is never required to extend benefits to the spouses of its workers, if it chooses to offer benefits, then the business may not exclude same-sex spouses since that would be discriminatory. Now, why would a business extend benefits to anybody's spouse if they are not required to? Well, some jobs do provide benefits and the reason they do is to attract and retain more talented workers. Businesses need to compete for the best workers. For this same reason, even in states where same-sex marriage is NOT legally recognized, many businesses, especially large, successful ones, do extend benefits to the same-sex partners of their workers. Another reason for offering benefits, and one that is worth mentioning, is that the extension of such benefits is the result of collective bargaining by unionized workers and unions have a duty of fair representation for all of their members. Actually, as part of recent legislation, it is required that businesses who offer benefits to employees (those required to do so by federal law) must extend those benefits to spouses and children who do not have other forms of coverage. These businesses (and the insurance companies) may charge higher premiums (much higher in some cases), but no legal spouse or dependent may be denied.
If a credit card is not activated does it still reflect on your credit report?
Yes. If they extend the line of credit to you, and you do not activate it, it will still show up on your credit report.
If your cosigner's credit is good but yours is not so good will you be denied an apartment?
The company extending the credit is the judge of that. they have guidelines to determine who that extend credit to.
If you own a scooter in California that has a mechanic's lien on it will it affect your credit?
If it shows on your CR, it will effect how lenders extend credit to you.
What are some companies that will extend a line of credit to a small business?
There are several companies that will extend a line of credit to a small business. These include but are not limited to Business Cash Advance, Funding Knight and Loans Pronto.
What is credit in business?
Credit means extending periodic payment against sales by the seller to a buyer/customer. In business, you cannot always expect cash and you are to extend credit to your customers to remain in business. In the broader sense, banks extend various types of credit to business houses to meet up their multipurpose requirements.
