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Money borrowed on a credit card is called?
cash advance
Can you sue your absent husband for not paying a credit card he borrowed money on from you?
Can you sue your absent husband for not paying a credit card he borrowed money on, the credit card is in my name only?
Is a credit card the same as a debt card?
the debit is your own money from your account and the credit account is borrowed
What is the fastest way to pay down a credit card?
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.
Would a credit card be considered an asset?
No. A credit card is not an asset, it is a liability because it is essentially money that you have borrowed from a bank, in other words, it's debt.
Money borrowed on a credit card is called?
cash advance
What is called money borrowed using a credit card a cash?
a loan
Can you sue your absent husband for not paying a credit card he borrowed money on from you?
Can you sue your absent husband for not paying a credit card he borrowed money on, the credit card is in my name only?
Is a credit card the same as a debt card?
the debit is your own money from your account and the credit account is borrowed
What is the fastest way to pay down a credit card?
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.
What is money borrowed against the credit card limit?
Cash advance.
Would a credit card be considered an asset?
No. A credit card is not an asset, it is a liability because it is essentially money that you have borrowed from a bank, in other words, it's debt.
What are the interest rates on credit card?
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
What does credit card mean?
A Credit Card is a card that enables you access to a line of credit offered by banks and some other places. When you use the card to 'pay' for something, the bank is paying for it, it is like a loan. The bank charges you a fee for this service, called interest, a percentage of the borrowed money.
What is difference between credit card and debit card.?
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.
What kind of financial statements are required for a credit card application?
They need proof of income, employment and bank statements this is to show that you will have enough money to pay back the credit you have borrowed from the credit card company.
How can i have bad credit when i don't own a credit card?
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.
