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What happens if a spouse dies and the survivor was not aware of credit card debt and the credit card companies say the accounts were joint?
Wiki User
∙ 15y ago
If you were listed on the account, you probably don't have to be aware of the debt. You are well within your rights to ask them for a copy of the agreement and application showing your name and signature.
Wiki User
∙ 15y ago
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When a credit is posted to the accounts payable ledger what happens?
Accounts payable balance will increase
What happens if you max your credit cards out then don't pay?
If you max your credit cards out and then don't pay, the companies may take legal action against you. They can sue you and attach your bank accounts to recover their money.
What happens when accounts receivable stays the same and credit sales go up?
the company is collecting accounts receivable amount equal to the increase in credit
Which companies offer business merchant accounts?
Most financial organizations and credit companies offer incentive programs to attract commercial accounts. Call your preferred company to schedule a meeting.
How do you locate the mailing addresses of credit card companies with whom you have accounts?
I just got my credit report from Equifax and it had all the creditors addresses (open and closed) included when I viewed the details of my accounts.
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.
What does elan financial on credit report mean?
Elan Financial Services processes applications and services accounts for small credit card companies.
What are some methods for checking accounts for bad credit?
One method of checking accounts for bad credit is to do a credit check on the required company. One would need a couple of their creditors to call and verify payment history and missed payments. Many companies who offer credit to clients often check accounts in this matter.
What companies use accounts receivable system?
Accounts receivables relates to credit customers. Sales on credit will go through receivables as well as any credit notes and payments for those sales. How_do_you_use_account_payble_and_receivableThese are basic accounts. Accounts Payable is used by one company to record the amount owed to it by another company or person. Accounts payable is a liability account. Say your company purchases.
If you close open accounts will your credit score go up?
NO! THE OPPOSITE HAPPENS, YOUR CREDIT SCORE WILL LOWER. KEEP YOU ACCOUNTS OPEN EVEN IF YOU HAVE A ZERO BALANCE. NEVER, CLOSE AN ACCOUNT IF YOU CAN AVIOD THIS.
Where can one find credit accounts?
Many credit card companies offer online applications for easier processing. Capital One, RBC, and Citibank all offer credit cards which one can apply for. Many other financial institutions offer credit cards as well as line of credit accounts.
What happens when you are in a nursing home and can longer pay your credit cards?
You will default on your credit card accounts. Being an unsecured loan, there is little a credit card company can do. That is a risk credit card companies take. Regardless of why you can't pay, non-payment will result in default. The extent to which a credit card company will attempt to collect depends on whether or not they feel you have sufficient income.
