0
When a credit grantor reviews voluntarily one's credit report for the standing of an account should the inquiry be reflected as 'hard' inquiry?
Wiki User
∙ 19y ago
Account review (AR) inquiries are not ordinarily reflected as hard inquiries which would impact your credit score. If you have had an AR inquiry which has been coded "hard", you can contact the creditor and request they remove the inquiry or (at the very least) re-code it as a "soft" inquiry.
Wiki User
∙ 19y ago
Add your answer:
Earn +20 pts
Can a person who has power of attorney over a trust account change that account into a joint account?
no In order to change the account you must be the Grantor of the Trust.
How can you make the credit card company reopen an account and remove 'closed by credit grantor' from your credit report?
You can't MAKE a credit card company reopen an account. You can call the credit bureau and request that they change the status to indicate that is was closed by you and not the credit grantor. Or, you can simply put a notation in your credit report stating that the account was closed by you and not the card company.
Can a credit card company put a lien on a revocable trust bank account in Arizona?
Yes if they obtain a judgment they can enforce it upon the estate. Since the trust may be altered at any time until the grantor's death, it is considered part of the grantor's and is estate subject to be taxed as well.
Will it have a negative effect on the report if an account has been closed by the credit grantor because the card has never been used?
It may. I have heard rumors that the statement "closed by credit grantor" is considered negative and has an impact on credit scores. "Closed by consumer" is considered a positive and does not impact scores. This is unconfirmed and certainly not in writing outside of the scoring companies.
When will attorney of fact end?
It always ends on the death of the grantor. It may end based on the grant itself or when revoked by the grantor.
Can a POA pass the grantor's checks through the POA's own account?
No, a power of attorney (POA) cannot use the grantor's checks through the POA's own account. A POA is obligated to act in the best interest and welfare of the grantor, and using the grantor's checks for personal gain would be a breach of fiduciary duty. The POA should only use the grantor's assets for the grantor's benefit and within the bounds of the law.
Can a person who has power of attorney over a trust account change that account into a joint account?
no In order to change the account you must be the Grantor of the Trust.
Credit line closed-grantor request-reported by subscriber?
Company Closed account
What does cancelled by credit grantor mean?
Cancelled by credit grantor means that your credit card account was closed by the creditor. This means that it was cancelled by the person extending you credit, rather than being cancelled by you.
Credit card account closed by the grantor can they still charge interest?
Yes, as long as you still owe money.
How can you make the credit card company reopen an account and remove 'closed by credit grantor' from your credit report?
You can't MAKE a credit card company reopen an account. You can call the credit bureau and request that they change the status to indicate that is was closed by you and not the credit grantor. Or, you can simply put a notation in your credit report stating that the account was closed by you and not the card company.
What is a grantor?
A Grantor conveys whatever title the Grantor possesses in real estate to a grantee, the buyer. Grantor = seller.
How can i open a trust account?
Simply go to your bank and tell them you want to open a Trust account. Anyone can do it at any bank. You will need to name a beneficiary, and make sure to tell your beneficiary that the trust exists and at what bank. You can also change your checking or savings account into a trust.
Who is the Grantor on a mortgage loan?
The borrower is the grantor, the lender is the grantee.
Who signs as the affiant line in the quick claim deed?
the grantor
When a revocable trust becomes a irrevocable trust after a person dies is trust a non grantor trust or a grantor trust?
it remains a grantor trust
Can a power of attorney write checks to themselves?
The permission to write checks on an account depends on whether the power of attorney (PoA) is general or limited. The general PoA allows the holder to do practically anything the grantor can legally do. A limited PoA would have to stipulate that writing checks on the grantor's account is permitted. If the PoA allows it, and writing a check to yourself is not prohibited by the bank policy, the answer is YES.
