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What happens when the credit agreement is wrong?

Updated: 8/20/2019
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12y ago

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You become a hobo

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Q: What happens when the credit agreement is wrong?
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Related questions

What happens when you have the wrong Social Security number on a credit application?

If You Applied For Credit They Will Revoke The Loan. If This Was A Mistake. If They Have Put Your SS # Wrong, Contact Them Either Way To Resolve This. It Will Be Best In The Long Run.


What happens when credit union puts wrong lien holder on car title?

You should immediately contact the credit union and have this mistake corrected.


What happens if you post wrong answers on WikiAnswers?

nothing super bad happens, but wrong answers are more prone to being changed, which means that the last person who edited the answer will get credit instead of the person who last wrote it.


Is a credit card a verbal agreement?

No, it is not.


Does filing a prenuptial agreement keep one spouse's bad credit from attaching to the other spouse?

A prenuptial agreement does not have any bearing on whether credit will be affected.


Can a merchant charge a credit card in advance?

If that is the agreement.


How long will bad credit remain on your credit report?

Bad credit or any negative report will remain in your credit report for seven years. Therefore, if it happens that there is a wrong information that will affect your report negatively, be sure to dispute it immediately. You can also do your own credit card repair in order to eliminate any bad credit that will be reflected in your credit report.


What kind of agreement is a credit default swap?

The agreement for a credit default swap is a document that states the buyer will reimburse the holder in the event of a loan default or other credit event. This is essentially insurance against someone not paying you what you are owed.


What is a revolving credit agreement?

A revolving credit agreement is a legal contract between a lender and a borrower whereby the lender agrees to lend up to a certain amount to the borrower for some period of time. The borrower agrees to make minimum periodic payments during the time that the revolving credit agreement is in force and pay off any balance due at the end of the contract period. Many revolving credit agreements automatically renew after the agreed period (unless the credit circumstances for the borrower have radically changed). An example of a revolving credit agreement is the credit card. A credit card has a credit limit ("up to a certain amount" or "maximum"), an expiration date ("some period of time") and minimum payment requirements ("minimum periodic payments"). Most credit card agreements are renewed before the original agreement (the card) expires.


What is error of original entry?

You enter the wrong amount You confuse debit and credit You debit or credit wrong account?


Why should you avoid credit cards?

Credit cards can be a dangerous temptation to some people, if they see it as free money and don't plan for what happens when the limit is reached. If however you use the card wisely, there's nothing wrong with them.


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?

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.