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Who often wins in credit transactions?
credit companies
What are disadvantages of national credit act to a consumer?
The National Credit Act is in place to protect consumers by promoting a fair and accessible marketplace for consumer products and getting rid of unfair trade practices to protect consumers. There are no real disadvantages to consumers with the act as it covers transactions including loans, goods, and services.
Do the advantages of credit outweight the disadvantages of credit?
With the rampant credit card theft, its disadvantages are becoming more than its advantages.
Are there any major disadvantages to a Chevron credit card?
There are no major disadvantages specific to a Chevron credit card. There are disadvantages inherent in credit cards like annual fees or murky language and varying rates for different usages, but those are potential disadvantages to all credit cards.
Will repeated declined transactions on a credit card affect your credit rating or affect how a bank views you as a loan candidate?
Declined transactions on a credit card would seem to indicate that you have exceeded your credit limit. Exceeding your credit limit will reduce your credit score. This means that a bank would take a very close look when you apply for more credit.
Who often wins in credit transactions?
credit companies
What are disadvantages of national credit act to a consumer?
The National Credit Act is in place to protect consumers by promoting a fair and accessible marketplace for consumer products and getting rid of unfair trade practices to protect consumers. There are no real disadvantages to consumers with the act as it covers transactions including loans, goods, and services.
What are the advantage and disadvantages of trial balance?
The advantages of trial balance are It ensures that the transactions recorded in the books of accounts have identical debit and credit amount. The disadvantage of the trial balance is that it is tedious to prepare.
Do you only record credit transactions in general journal?
we can also record cash transactions too
What are the advantages of cash and credit transactions?
Cash is nice because you don't spend what you don't have. Credit transactions don't require you to carry cash that can be lost or stolen.
Do the advantages of credit outweight the disadvantages of credit?
With the rampant credit card theft, its disadvantages are becoming more than its advantages.
What are the items invovled in credit transactions?
Bwisit ka!
Does credit cards statements show decined transactions?
No.
How does credit card transactions work?
Credit card transactions work because they are electronically connected to the bank server. Contact your local bank you are registered with for more information.
Are there any major disadvantages to a Chevron credit card?
There are no major disadvantages specific to a Chevron credit card. There are disadvantages inherent in credit cards like annual fees or murky language and varying rates for different usages, but those are potential disadvantages to all credit cards.
How businesses promote credit to consumers?
Businesses promote credit to their consumers through the allowing of consumers to purchase products through credit transactions provided by the business.
What's a credit card processing company?
A credit card processing company is a third party in a credit card transaction. They process the transactions on behalf of a business for a fee. This may be especially helpful for a small business that doesn't have a lot of credit card transactions.
