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When a supplier makes a downward adjustment in the amount owed by a creditor the creditor will?
Wiki User
∙ 11y ago
increase the amount of the account payable to the supplier, and decrease an asset such as inventory.
Wiki User
∙ 11y ago
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Why a creditor will be reviewing your credit history?
amount of debt
Will a creditor accept a lower payoff amount?
A creditor will usually accept a lower payoff amount when requested. Usually a lump sum payoff will result in a lower due balance.
The maximum amount of credit you are allowed by a creditor is called an?
line of credit
What document should you receive before you pay an invoice?
Once an invoice is received, that invoice is the only document needed to justify payment to the supplier or creditor issuing the invoice. Some organizations require additional documentation (generally known as approval summaries) depending on the amount to be paid for the invoice.
Can a credit card company empty your bank account if you don't pay?
If you allow a creditor to deduct a payment of X amount of dollars, the creditor will most likely deduct that amount. If an account is 'past due' and a debtor gives a creditor a number to do a check by phone, the creditor can withdraw the amount of money owed which can cause the debtor to become overdrawn. You may be able to make a case, stating that you did not authorize that amount but while fighting this your account can still remain overdrawn. So if you have a past due account, make the payment by money order or cashiers check just to avoid this occurence from taking place.
What is the courtesy adjustment?
The courtesy adjustment in the amount of $50.00 was updated.
How will you know what you still owe the creditor after a repossession?
The amount you will owe the creditor will be the amount of your auto loan (including repossession fees, interest, and collection charges) minus the amount the vehicle sold for at auction. The creditor will notify you of the amount due in writing after they auction off the vehicle.
The amount a supplier is willing and able to supply at a certain price?
quantity supplied: amount a supplier is willing and able to supply at a certain price
Why a creditor will be reviewing your credit history?
amount of debt
Will a creditor accept a lower payoff amount?
A creditor will usually accept a lower payoff amount when requested. Usually a lump sum payoff will result in a lower due balance.
Can a creditor garnish more than the amount owed?
Some companies require you to pay fees that are cost to them to take the legal matter.
If you sell a car and you owe the creditor do you have to pay them the amount the car was sold for?
If you sell a car you owe a creditor a balance on, you pay the creditor the amount you owe him in order to get the title to the vehicle to turn over to your buyer. Anything over the balance owed to the creditor is yours to keep, assuming you sold it for more than you owed on it. If you sold it for less than you owe on it you will have to pay the additional amount out of your pocket to get the title.
The maximum amount of credit you are allowed by a creditor is called?
line of credit
The maximum amount of credit you are allowed by a creditor is called an?
line of credit
The amount that a supplier pays to produce goods and services is called?
Cost
What document should you receive before you pay an invoice?
Once an invoice is received, that invoice is the only document needed to justify payment to the supplier or creditor issuing the invoice. Some organizations require additional documentation (generally known as approval summaries) depending on the amount to be paid for the invoice.
If a judgment creditor over charged you on a writ of garnishment increasing the interest and the amount to be garnished can the judgment be vacated?
If a judgment creditor over charged you on a writ of garnishment increasing the interest and the amount to be garnished can the judgment be vacated?
