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When a credit card company charges off the debt do you have to pay them back?
Wiki User
∙ 14y ago
Writing or charging off a debt is an accounting entry to acknowlege that the asset they have (the loan) is not performing and that investors/readers of the financials, should not consider it valuable. Again, it is only a required accounting entry - it does not effect your debt to them, discharge it or reduce it in any way. You still owe. And they will...in fact must (to satisfy those same investors and regulators that read those financials), try and collect it or get some value for it.
Wiki User
∙ 14y ago
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What to do when false charges on credit card bill?
Contact the card issuing bank and raise a complaint about fraudulent usage of card details. They will conduct an investigation and revert the charges if they find that your card has been misused.
Where do you report someone for using your credit card?
You can go to the credit card company if you need evidence, they can help you track the charges. Then you go to the police.
What do you do when you have fraudulent credit card charges?
You can either look on your statements for the instructions or call the number on the back of your card.
What practices by a credit card company results in lower interest charges to the cardholder?
The card company allows a grace period before interest is accrued.
Does a business have to pay for each purchase for using a credit card machine?
The credit card company pays the retailer a fee every time someone uses the machine to pay for purchases. The card company charges the customer a fee for paying by card (usually in the monthly interest charged).
Can a credit card company bill a consumer for unauthorized charges if the credit card was improperly issued by the credit card company and the card was not activated and was stolen from the home?
Notify them that the credit card was stolen to the credit card company and dispute all the charges on the credit card. You would also have to file a police report if the credit card was stolen. The credit card company must investigate the charges.
What is an annual credit card fee?
Its a fee the credit card company charges you yearly for using their money
What is the advantage of having a cashback credit card?
When one has a credit card which offers cash back one can get cash or a credit to the balance of credit card charges. A certain amount of charges must be applied to the credit card before receiving a reward.
how can i check the charges on my credit card?
Either call your credit card company or go on the internet to your credit card website and register your card for on line services and get access to your account details. Go to the website for the bank issuing the card (such as Chase). Login to your account and scroll through your current charges. If there are inaccurate charges listed, you'll want to call the toll-free number on the back of your card to speak with customer service.
What to do when false charges on credit card bill?
Contact the card issuing bank and raise a complaint about fraudulent usage of card details. They will conduct an investigation and revert the charges if they find that your card has been misused.
What can you do if you got fradulent charges on your card but the credit card company dismisses your claim?
Yuni is awesome. :D
Where do you report someone for using your credit card?
You can go to the credit card company if you need evidence, they can help you track the charges. Then you go to the police.
Can a company withhold pay in lieu of proof that charges made on a company credit card were not personal?
yes
Who is responsible for business credit card debt?
The business is, provided the charges were for business related or permitted personal purchases. Most businesses, however, have policies for personal purchases on company plastic, and procedures for paying back the company. If personal charges are not permitted, then the card holder will be required to pay back the debt.
What is con ed nco?
I don't know who they are, but a company by this same name has made fraudulent charges on my credit card. My credit card company told me they don't have a phone number for them and it's listed as a utilities company. I never pay for my utilities with my credit card.
When are you in 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.
What do you do when you have fraudulent credit card charges?
You can either look on your statements for the instructions or call the number on the back of your card.
