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What could happen when an estate has no money left to pay credit card balance?
Wiki User
∙ 13y ago
The estate has to pay off the debts possible. If the estate cannot do so, they distribute the amount as best they can. If the court approves the distribution, the debts are ended.
Wiki User
∙ 13y ago
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What are the benefits of low credit card balance transfers?
Take advantage of low credit card balance rates. For example, why pay 24 percent on three separate credit cards when you could pay 15 percent interest on one card? Credit card issuers typically charge a balance transfer fee. This is typically around 3 to 5 percent of the balance you transfer.
Where can one find a credit card with no balance transfer fee?
One would start by asking his local banking operation for such a credit card. Failing that, one could look into acquiring prepaid credit cards that have no balance transfer fees.
How do you find garnishment balance?
You can find your garnishment balance by contacting the court who issued the garnishment or the creditor who put the garnishment on your wages. You could also pull a credit report to see your current balance.
Does your credit card debt die with you?
No, it does not really die with the individual, but it could. The estate is responsible for settling any debts of the deceased. If the assets of the estate aren't enough to cover them, the debt will be discharged.
I just got a new credit card. I dont have any credit cards other then this one. If I cancel this credit card that is new with zero balance will it affect my credit score?
Everything you do related to credit cards will affect your credit. My advice would be to leave the credit card account open and here's why; While just cancelling your credit card (with no balance) shouldn't hurt your credit, here are a couple things to think about; 1) your credit history makes up 15% of your credit score. No history means no points. 2) your payment history is makes up 35% of your credit score. I know you said you don't have a balance, but an occasional purchase and on-time payment will help your credit. The only thing that could hurt you if have too much available credit. If the card has a $50,000 limit, this could work against your. But I doubt it, seeing this is your first card.
What do you do with a dead spouses credit card debit?
If the surviving spouse did not sign the credit card agreement then they are not responsible for it. However, the creditors could still come after the deceased spouse's estate (i.e. life insurance) for the balance of credit. You probably want to ask an estate attorney that question.
Why is it not possible to have a credit balance brought down in the cash column of a cash book?
Beacause its an asset and it's just impossible to have a credit cash balance bank could have a credit balance when bank overdraft is given. IF ANYONE HAS A BETTER ANSWER PLEASE EMAIL AT kaleytube@gmail.com
What are the benefits of low credit card balance transfers?
Take advantage of low credit card balance rates. For example, why pay 24 percent on three separate credit cards when you could pay 15 percent interest on one card? Credit card issuers typically charge a balance transfer fee. This is typically around 3 to 5 percent of the balance you transfer.
Where can one find a credit card with no balance transfer fee?
One would start by asking his local banking operation for such a credit card. Failing that, one could look into acquiring prepaid credit cards that have no balance transfer fees.
Is it possible for the cash account to have credit balance?
It could be possible for the cash account to have a negative balance. This could occur if they wrote a check out for more money than they have. This would not be a good situation for a company!
When does a debtors account have a credit balance?
goods in transit a debtor(customer) could also be a supplier(creditor)
How do you find garnishment balance?
You can find your garnishment balance by contacting the court who issued the garnishment or the creditor who put the garnishment on your wages. You could also pull a credit report to see your current balance.
Will having a negative balance in an unused checking account affect your credit rating?
No, having a negative balance in an unused checking account will not directly affect your credit rating. However, if you fail to pay off the negative balance and the account is sent to collections, that could potentially have a negative impact on your credit rating.
Does your credit card debt die with you?
No, it does not really die with the individual, but it could. The estate is responsible for settling any debts of the deceased. If the assets of the estate aren't enough to cover them, the debt will be discharged.
Does credit card debt die with you?
No, it does not really die with the individual, but it could. The estate is responsible for settling any debts of the deceased. If the assets of the estate aren't enough to cover them, the debt will be discharged.
Can a bank who holds a mortgage on a decedent's property file against the estate and also turn the debt over to a collection agency at the same time?
Yes. That could happen depending on the details. You should speak with the attorney who is handling the estate. See related link for more information about foreclosure and debt collection.Yes. That could happen depending on the details. You should speak with the attorney who is handling the estate. See related link for more information about foreclosure and debt collection.Yes. That could happen depending on the details. You should speak with the attorney who is handling the estate. See related link for more information about foreclosure and debt collection.Yes. That could happen depending on the details. You should speak with the attorney who is handling the estate. See related link for more information about foreclosure and debt collection.
Is accounts payable a debit or a credit on a trial balance?
Accounts payable's normal entry is credit. when it is at the debit side it could mean: reversal of accounts payable which happens at the end of accounting period, or return of merchandise purchased, or overstatement of purchased merchandise.
