Want this question answered?
Policy rate is the rate of interest that banks charge. It can be a rate charged from credit cards, insurance policies, savings accounts, checking accounts, or other similar things.
The three types of accounts on a consumer credit report are installment accounts, revolving credit and open accounts. Credit cards are considered revolving accounts.
The divorce is of no consequence. If your spouse and their ex opened joint accounts while they were married, they are jointly liable for those accounts and both credit reports will reflect the history. A divorce never supercedes any other contract. You mentioned that the accounts were "both in other spouses name". If that were true, the accounts would not be on your spouse's credit report in the first place.
The difference between the two should be what has been charged to the card.
These are charged off accounts: Installment Loan, Open loan that is paid in full each month, and Revolving Line of Credit.
Credit sales referes to sales and accounts payable referes to bank
When company make sales in credit it creates the accounts receivable while when company purchases on credit it creates the accounts payable so accounts receivable is current asset while accounts payable is current liability.
Accounts payable are amounts a company owes because it purchased goods or services on credit from a supplier or vendor. Accounts receivable are amounts a company has a right to collect because it sold goods or services on credit to a customer. Accounts payable are liabilities. Accounts receivable are assets.
annual percentage rate
Policy rate is the rate of interest that banks charge. It can be a rate charged from credit cards, insurance policies, savings accounts, checking accounts, or other similar things.
Why would you want to do anything? Having active accounts, instead of charged off accounts is a positive reflection of your past credit history and is probably causing you to have a credit score. This is a good thing, certainly much better than having charge offs, even paid charge offs showing. Your credit report is a history of how you have managed debt over the past 7 to 10 years. Accounts that were active during that period of time, whether open, closed, active or delinquent, are SUPPOSED to show on your credit report. Having them removed would certainly decrease your current credit score.
The three types of accounts on a consumer credit report are installment accounts, revolving credit and open accounts. Credit cards are considered revolving accounts.
a credit memo is getting credit for something that should have not been charged. a demo memo is billing someone incorrectly.
The divorce is of no consequence. If your spouse and their ex opened joint accounts while they were married, they are jointly liable for those accounts and both credit reports will reflect the history. A divorce never supercedes any other contract. You mentioned that the accounts were "both in other spouses name". If that were true, the accounts would not be on your spouse's credit report in the first place.
No while using allowance method, bad debts are charged to allowance for bad debts account rather charging the accounts receivable because accounts receivable was already charged with allowance when it was created.
The difference between the two should be what has been charged to the card.
These are charged off accounts: Installment Loan, Open loan that is paid in full each month, and Revolving Line of Credit.