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A credit token is a card, cheque, voucher, coupon, stamp, form, booklet or other document or thing given to a consumer by a person carrying on a consumer credit business, who undertakes that they will provide cash, goods or services to the consumer or will provide payment to a third party to provide cash, goods or services to the consumer. The most common example of this is a credit card.
Shyann Murazik
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What is a credit token agreement?
A credit token is a card, cheque, voucher, coupon, stamp, form, booklet or other document or thing given to a consumer by a person carrying on a consumer credit business, who undertakes that they will provide cash, goods or services to the consumer or will provide payment to a third party to provide cash, goods or services to the consumer. The most common example of this is a credit card.
Is a credit card a verbal agreement?
No, it is not.
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.
Can a credit card company hold you responsible for a credit card if no application contract or agreement of terms exists?
If a card was received and used by the named person then a contract is implied and there does not need to be a written, signed agreement.
What is a credit guarantee?
An agreement in terms of which a person undertakes or promises to satisfy upon demand any obligation of another consumer in terms of a credit facility or credit transaction.
What is a credit token agreement?
A credit token is a card, cheque, voucher, coupon, stamp, form, booklet or other document or thing given to a consumer by a person carrying on a consumer credit business, who undertakes that they will provide cash, goods or services to the consumer or will provide payment to a third party to provide cash, goods or services to the consumer. The most common example of this is a credit card.
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.
Do you have to have money on your credit card to get free apps?
no the money gets token away and you have to pay a fee
What happens when the credit agreement is wrong?
You become a hobo
Can a merchant charge a credit card in advance?
If that is the agreement.
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.
Is a credit card contractual agreement enforceable if there is no signed copy of the card agreement in existence and can a contractual agreement exist only by the signing of the card and its use?
If there is no signed agreement then it is unenforceable as all of the terms relating to the contract are within this agreement.
How long will a forbearance agreement show on credit report?
I'm unsure.
Can a credit card company hold you responsible for a credit card if no application contract or agreement of terms exists?
If a card was received and used by the named person then a contract is implied and there does not need to be a written, signed agreement.
How to get out of a merchant account contract?
You must follow the agreement you made with the credit card processing account according to the terms and conditions on your merchant agreement.
