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Where can a person find credit card debt statistics for Canada?
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∙ 10y ago
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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.
If you apply for a credit card do you then have an option to accept or decline if you get approved or do you have to cancel the card if you decide not to take it?
Applying for a credit card does not mean that a person has to us it. It is advisable that the person does not cancel the card, as this actually is harmful to credit scores, while having an unused credit card can be beneficial for credit scores.
How can a person get a credit card with no income?
They can't ! A credit card is issued in recognition that the card-holder is able to repay any balance owing. If a person has no regular income - they are extremely unlikely to be granted a credit card !
Can you have a second person on a credit card?
It depends what you mean by a second person. Typically on and existing credit card you can add people who are authorized to use the card. You can also request for credit under more than one person's name.
What kind of credit is extended when a person uses a credit card?
The type of credit that is extended when a person uses a credit card is revolving credit. Revolving credit allows the consumer to carry a balance and pay a minimum monthly.
What is the average credit card per person in Canada?
5
What companies offer secured credit cards to customers in Canada?
In Canada credit scores can be gotten from Free Credit Score website, Equifax Website, Trans Union website, and The Credit Net Website.These websites offer credit reports for the U.S and Canada.
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 are the average statistics of credit cards?
According to the CreditCards website, as of 2008 there were 176 million credit card holders. The majority of credit card holders have 3 or more credit cards, and over 40% of students have a credit card.
Who pays the credit-card debt of a deceased person in Ontario Canada?
The estate pays. If nothing in the estate they do not get paid.
What if person uses deceased persons credit cards?
The use of a deceased person's credit card would constitute credit card fraud. Unlawful use of a credit card is a criminal offense.
If a person moves to Canada without paying their credit card debt can authorities come to Canada and arrest you?
If it is determined that you either deliberately defrauded the credit card company or used fraud to get the credit, yes. * No, a person cannot be extradited from a country for non payment of debt, regardless of the circumstances. Extradition is reserved for those persons who have commited serious criminal acts, such as homicide, kidnapping, etc.
Is unauthorised person liable to pay credit card bill if he has used someone else credit card with his consent?
Yes, unless the credit card holder told the person that it was a gift.
If you apply for a credit card do you then have an option to accept or decline if you get approved or do you have to cancel the card if you decide not to take it?
Applying for a credit card does not mean that a person has to us it. It is advisable that the person does not cancel the card, as this actually is harmful to credit scores, while having an unused credit card can be beneficial for credit scores.
How can a person get a credit card with no income?
They can't ! A credit card is issued in recognition that the card-holder is able to repay any balance owing. If a person has no regular income - they are extremely unlikely to be granted a credit card !
How do credit card companies use a person's credit report...?
When a person applies for a car loan, mortgage or credit card, the lender determines if lending money to the consumer will be a risk. Credit scores are one way to help credit card companies make the decision to issue credit. To determine if that person should be given a loan or credit card (apex)
What is legal age for credit card in Canada?
You can be any age.
