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The card-issuing bank will not accept the dispute of any item if the bank does not receive the Dispute Form within days after the disputed transaction appears on a statement?
60
What does CUI abbreviated on a bank statement mean?
CUI means Centralised Unpaid Item and normally relates to a cheque if the sender has cancelled the cheque.
How do you remove closed accounts from your credit report?
Disputing information on your credit report... This method is for direct correspondence with the credit bureau. If you find anything inaccurate, incomplete, incorrect, or obsolete, you have the right to dispute that item on your credit report. The credit bureau then has a reasonable time to contact the creditor and have them verify the disputed item. A reasonable amount of time under the Federal Law has been construed to be 20 working days. However, you need to understand that with this type of transaction, it could take from four to eight weeks to receive your reply back. Technically, if the credit bureau does not respond back within 30 days, the incorrect or inaccurate item must be removed. If, after the credit bureau investigates the item and the information is found to be inaccurate or no longer can be verified, the credit bureau must delete the item in question. It should be noted that when a negative item is more than two or three years old, many creditors will not respond to the credit bureau because of lack of records. Therefore, by law, the bureau should remove the item from your report. Since most creditors do not have the space to retain records for a long period of time, there may not be any documentation about your payment history. Understand also that the creditor does not have to provide documentation to the bureau of the disputed item. They simply check various boxes on the statement as to whether you were late, paid on time, etc.
What does back item credit mean?
Basically it means that the previous transactions are being brought forward. This is how the explanation reads (in fine print): "When you next update your passbook, the first line that prints will be the net total of all transactions shown on the enclosed account recap. This total will appear as BIC (back item credit) or BID (back item debit) depending on whether the net amount is positive or negative."
Does commission have a balance sheet or income statement account?
If commission is already received or paid then it is income statement item, but if it is still receivable or payable then it is balance sheet item, simple commission is a income statement item
How do you work out the reconilliation differences between the cash book and bank statemement closing balances respectivelydebit and credit balances?
Using both the bank statement and the cash book you would check each item against each other to make sure they all are accounted for. There could be some differences between the bank statement and the cash book because of unposted payments.
What is some information that may not be on a bank statement?
Some information that may not be on a bank statement includes a customer's credit score, details of specific transactions such as item descriptions or merchant names, and any additional fees or charges that may have been assessed. Additionally, bank statements typically do not include a customer's full account number for security purposes.
What can you use to purchase items at different locations and charge the item to your account?
Bank credit cards
Where do I find my complete zip code?
The easiest way to find out your full Zip+4 code is on a piece of mail sent to you (e.g. utility bill, bank statement, credit card statement, junk mail). I'm sure you have received at least one such item recently that you can look at.
If you buy an item on a credit card pay off balance on credit card then take item back to store what happens?
It depends on the store's return policy,but in most cases your credit card gets credited with the amount of the returned item.
The card-issuing bank will not accept the dispute of any item if the bank does not receive the Dispute Form within days after the disputed transaction appears on a statement?
60
Can a foreclosure be removed from credit if bank goes out of business?
While the record of the foreclosure is valid and should remain regardless of the fate of the bank, technically it may be possible to remove it from your credit. Like any other item on your credit report you must dispute it. If you can supply reasonable evidence that the debt item is not yours, the credit agencies (Trans Union, Experian & Equifax) have 30 days to verify that the debt item is yours and reporting correctly. If the bank is no longer operating this may not be possible. However, if the bank was purchased by another entity or its records are otherwise managed by an exisiting company, verification may be possible.
Can you get a cash refund when you pay for an item with a credit card?
It is dependent on the store that you purphased the item from. Some will allow you, others will not. Typically, they ask you for the credit card you used when you bought the item and refund the money back onto the card.
Where can one find information for loans for people with no credit?
People without credit are very unlikely to get a loan from a bank so try a pawn shop. You will get a loan on your item and they don't care about your credit.
What is the word for when you buy something that the bank takes back?
A bank can reposess a big ticket item you bought using bank credit, but did not pay for each month. Most big ticket items would be a car, truck, boat, airplane, etc.If you don't pay on your mortgage, the bank can initiate foreclosure proceedings.If you don't pay credit cards on smaller items, banks send those accounts to debt collectors.
Is cash in bank reported in cash flow statement?
The balance of a bank loan is a liability item on a balance sheet (or net worth statement). The principal and interest payments used to repay the bank loan are cash outflows (debt expenses) on a cash flow statement.
How do you find the lien holder code for an out of state credit union?
Ask your bank OR The credit reporting service you use OR The person that holds the item that has the lien on it OR If you know the name, call them.
