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What else can I help you with?
A company using a perpetual inventory system that returns goods previously purchased on credit would?
Debit Sales and credit Accounts Payable.
Will contacting an experian credit expert help you improve your credit score?
No contacting an experian credit expert will not help you improve your credit unless you have discrepancies on your report. Which would consist of things you have not purchased, or addresses you have not lived at. They can only tell you what is on your credit report the improving need to come from paying off back debts and creating new lines of credit.
What would result if the business purchased supplies on credit?
The result would be a bill, to be paid within a certain time frame.
What is meant by credit insurance indeminity?
Since Indemnity basically means - protection against future loss, credit insurance indemnity is almost like saying credit insurance insurance or credit indemnity indemnity. The meaning of the term "credit insurance" would depend on the type of credit insurance you are talking about. Business Credit Insurance indemnifies a business against excessive losses due to their customers inability to pay for goods and/or services purchased on credit terms (this would be purchased by the business and losses are payable to the business). Consumer Credit Insurance indemnifies against a consumer's inability to repay a loan or other obligation due to illness or death (this would be purchased by the consumer and losses are paid to the lender).
How would one go about buying credit scores?
One has to purchase their credit score which is different from a credit rating. The credit score is purchased from FICO which is the only place to buy if from so you do not get two different scores.
What does it mean to buy something on credit?
It means that you are receiving the good, in exchange for money that will be paid later.AdvantagesNo need to carry large amounts of money aroundYou can improve your credit score if you pay what you owe on timeDisadvantagesYou lose the incentive to save, as you do not 'feel' yourself using the money
What would constitute a responsible use of credit?
A responsible use of credit is paying off your credit cards each month. Another example of using credit responsibly is using it when you need it only.
What are some extra credit things you can do for an assignment?
You would have to ask your teacher about extra credit assignments.
Can the executor of an estate obtain past credit card history for the deceased?
I would think if there was a justifiable reason to obtain it. They could certainly justify obtaining a credit rating to determine what possible creditors are out there that need to be satisfied. One possible reason to get it is to use it in valuation of items purchased that are now part of the estate.
Can interest paid on credit cards be claimed on taxes?
This would depend on where you live. In the UK, if the items purchased on the credit card were purchased solely for the business then the interest paid to the credit card company until these items were paid off might be considered a business expense. Essentially the business would be paying the credit card company interest for loaning it the money to purchase the business items. In this case proof of the interest accrued should be retained for tax records in addition to the receipts for the items purchased.
What is a sentence using credit?
Having done the right thing is to your great credit. I would like to credit my account with a deposit today.
Where would one get commercial credit insurance?
Commercial credit insurance is often purchased by companies to ensure payment of credit which a company has credit with. There are many insurance companies who specialize in credit insurance. Some include Allianz and Atradius. The best way to obtain and use trade credit insurance is through a specialized broker.
