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What is the difference between debt card and credit card?

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2011-02-11 05:00:21
2011-02-11 05:00:21

A debit card removes money from your account the moment you use it. A credit card is a promise by you to pay the bill when it comes in the mail. Simply put: Debit Card - pay now. Credit card - pay later.

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Related Questions


The diffference between a debt card and a credit card is ,in a debt card it's money from your account .In a credit card is when you borrow money from the bank.


A debt card takes the money out of an existing account, such as a checking account. A credit card accumulates a balance and bills you for the charges on a monthly basis.


That's the difference between ying and the yang. For example the 'Unsecured Assets' department of a Bank issues you a credit card- That's an asset to the bank; And a debt for you. How effectively the Bank manages its credit card portfolio is called asset management. How effectively you pay back your debt is called debt management


Debt CAN be settled with credit card debt and other unsecured debts. Negotiating a settlement is between you and your creditor and settlements have happened for millions of people and helped them get out of debt.


A consumer credit card is issued to you on good faith that you will build debt and pay it off. A secured credit card is issued to you for the amount that you deposit into a secured savings account. The debt you charge to your card cannot exceed the amount that you have in your account. Once you show good faith that you are responsible enough to maintain your credit to debt ratio and pay your bills on time, the company may offer you a consumer card in place of the secured card. A secured credit card is a great way to establish credit.


I am so in debt and I am worried about paying my credit cards. Where can I get advice on credit card debt solutions?


There were no credit cards in 1900, hence no credit card debt.


A person is in credit card debt when they have charges on their credit card and can not pay them. A person can make charges on a credit card and make payments at a later date. When a person charges on their credit card, the charge is now a debt that must be paid.


There is no satutory limit on credit card debt that I am aware of - it is a civil business contract between you and the credit issuer, not a criminal matter.


No. The card holder is responsible for all debt on the credit they extended to him. (You may be responsible to the credit card holder for the debt he incurred for you, if that was your agreement).


Assuming the student credit card is a standard issue bank credit card and not issued solely through the school, there is no difference. A credit card company might advertise to student with special introductory rates or with a spin that targets that demographic, but in the end a credit card is a credit card. Incidentally, credit card debt among college students is the fasted growing segment of debt. Credit card companies aggressively seek students who are too young or inexperienced to realize that once introductory specials have expired and the "freedom" of buying pizza on credit has worn off, they're responsible for large sums of money that accrue interest.


ia an additional credit card holder liable for the whole debt of the credit card account



Statute of limitation on credit card debt in Singapore?


Between 2001 and 2002, credit card debt grew 8.5 percent, and since 1997, credit card debt has grown 36 percent.


800 Credit Card Debt helps you consolidate all of your credit card debt into one monthly payment. They do this by contacting your credit card debt companies and negotiating a payment for you.


Credit measures ability to buy, while debt means money owed.


Only if you OWN the credit card company. Credit card debt is a silent killer. Make the choice to carry ZERO credit card debt.


You will owe your credit card debt until it is forgiven, discharged in bankruptcy or paid off. Credit card debt can be negotiated down with the creditors.


Credit card debt occurs when a consumer uses their credit card in excess and are unable to pay the bill. Often times the consumers has more than one credit card and they use them all and get into more debt.


There are companies that offer assistance with getting out of credit card debt. It is possible to get out of credit card debt by carefully watching spending and managing income and expenses, then slowly paying off the debt.


Yes, you can. Simply pay the credit card company what they are owed, or have the debt written off.


A Chapter 7 BK can eliminate credit card debt.


There are many companies in exsistence today that can help people with growing credit card debt, such as; Consumer Credit, Care One Credit, and a company called Credit Card Debt. One of these services will steer you in the right direction in lowering and eliminating your credit debt.


The different secrets when it comes to consolidation of credit card debt is to make sure that the credit card debt is not tampered with by the credit card companies. The help of government revenue service systems can be of assistance in the area of verification of legitimate credit card services.



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