What is a credit hold?
When a company won't extend credit to you for various reasons. Usually it is because you are behind on your payables/bills. Essentially, you are not allowed to buy on credit until the hold is off.
If you bank with Bank A and file bankruptcy and have credit cards with Bank A should you move to a different bank?
It's probably a reference to the deposit hold put on your credit card at the time of rental. In such cases, the amount of the deposit is not actually charged to your card, but a "hold" is placed on that amount (basically, reserving that amount of money against your maximum charge limit). For example, if your credit card limit is $5,000, and a deposit hold of $250 is put on that card, your limit becomes…
Can a credit card company hold you responsible for a credit card if no application contract or agreement of terms exists?
Business owners who do not have a perfect credit or collateral to provide are still able to get authorized and get hold of funding. Because business cash advances are depending on future credit card sales, personal credit records isn't taken into consideration as a great deal as when applying for a small business loans from banks.
Depending on criteria for 'system'. Credit is currency in Capitalism. In general; credit works under the premise of time value of money, and an understanding of a 'risk'. The amount of 'credit' a system can hold would be maximized by the largest amount of credit obtained with out overexerting (being crushed by the weight of the debt). In an ideal financial system credit would be used on 'one in a million' opportunities/deals/interests, and never used…
In many countries the law obliges companies that hold information on you to provide you with a copy of this information for free (or the cost of printing it out). If you live in such a country then write to the credit service company and ask them for your information (you will have to prove who you are when doing this).
When i make a reservation on priceline.com do i have to pay the whole amount on the credit card or use the credit card to hold the room?
It's very near perfect. 802 out of 850. Sometimes, the number is lower due to applications for things (insurance, credit cards, whatever someone may run your credit for). I have pristine credit and dont know that I have ever seen a 850 score. 802 is something to hold your head high about, it means you are like 1% likely to default.
When looking for credit repair counseling in Toronto, it is advisable to first see the Ontario Association of Credit Counselling Services, or, OACCS, who set the standards for the qualifications and hold a database of approved counselors. Another useful organisation is the 'Financial Consumer Agency of Canada'.
It can be rough not having good credit, especially when you need a credit card. You will almost always be turned down for a card when you have a poor history. So consider bad credit cards when you need a card and don't know where to turn. You can secure your card by using your own cash to borrow against. Most cards allow you to start by depositing a few hundred of your own dollars…