Cash advance.
Can you sue your absent husband for not paying a credit card he borrowed money on, the credit card is in my name only?
credit
Borrowed money is not taxable.
cash advance
Banks and money lenders use credit companies to 'guess' your credit rating and your ability to repay any money advanced. If you have never taken out a loan or borrowed money your credit rating will be low. Most large companies, such as HSBC, are reputable. That does not mean you cannot get a better deal elsewhere
a loan
The fastest way to pay down a credit card is to pay exactly what you borrowed on that credit card. If you borrowed 398.00, pay back 398.00 because the interest on the money you borrowed will not be that high.
Charges against a debit card are withdrawn directly from your checking account, it's similar to writing a check. Charges against a credit card are accumulated and you are sent a bill at the end of the month for the money you borrowed with possible fees. with a credit card you are using the banks money. with the debit card you are using your own money.
the debit is your own money from your account and the credit account is borrowed
History of credit in the Philippines is common when one is borrowing money. The lender will look at your credit history so as to determine the ability to repay money borrowed.
Your credit rating is assessed by companies on your past history of paying back money you have borrowed. People that have never borrowed money will not have a recognised rating. As far as companies are concerned this is considered a poor risk and you may be classed as having a 'bad' credit rating.
Interest Rates on credit cards, comes from banks or credit union that provides to the consumer borrowed money, this over a period of time that the money is borrowed. When the consumer has not paid back the borrowed money in the time that was agreed, then occur a calculation of the interest base on the credit of the consumer ( or card holder) and this represent the bankers profit. Interest rates can vary from 7 to 35%. This Interest Rate is an annually basis or APR and this fee is for the privilege of borrowing money