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Who is responsible for outstanding credit card debt if bank cancels your credit card?
Gcannella
You are because you incurred the debt.
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∙ 15y ago
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Where can one get a free Transunion credit report?
According to the "Fair Credit reporting Act" the bank institution itself is responsible for creating a corresponding credit report for free. All one has to do is to contact the bank regarding this issue.
If a bank cancels debt from a repossession does that mean it comes off your credit report?
Yes it should, but don't leave it up to the CRA, get a letter from the BANK and send copy to CRA and they should remove the negative entry, if not ask the bank to update to the CRA to delete the trade line
Do adverse credit bank accounts have high monthly fees?
Normally bank accounts are not affected by adverse credit. If they are, there should not be a higher fee connected to them unless a loan is involved. Normally bank accounts are not affected by adverse credit. If they are, there should not be a higher fee connected to them unless a loan is involved. Absolutely NOT yes i have maybe 400000 dsh in my acunt NO, UNLESS A LOAN IS OUTSTANDING.
Will your credit rating be affected if you cash a bounced check from someone else?
As long as you pay the bank fee (usually $3-10) and do not allow your account to go into overdraft status, your credit rating is not affected. Even an overdraft does not affect your credit unless your bank account is closed and you leave an outstanding overdraft balance due. At that point, the debt will likely be reported to credit bureaus, resulting in a drop in your credit scores.
What is the point of having good bank credit?
Good bank credit is part of your credit report. If you overdraft of bounce a check, those can ding your credit. When those checks bounce the banks have to cover the cost to the store which is why they penalize you a fee. How well you manage your account and your money shows people that you want to borrow money from how responsible you are.
Who is responsible for debt if a bank cancels a credit card?
The person who carried the card is still responsible for the debt.
What is journal entry of outstanding expenses paid?
[Debit] Outstanding expenses [Credit] Cash / bank
What entry of outstanding salary paid?
[Debit] Accrued salary payable [Credit] Cash / bank
If your spouse dies then receives a credit on a bank debit card can the bank take that credit and apply it to an outstanding loan that was only in your spouse's name?
Yes, if the loan is at the bank where the debit card was issued.
What is meant by acceptance outstanding?
Letters of Credit outstanding - this account arises out of the issuance of letters of credit for which the bank obligates itself to pay or guarantee payment. The bank has a right of recourse against the customer whose credit it substitutes. Acceptance outstanding - this is similar to the account letters of credit outstanding except that it makes the bank's obligation more real than contingent. the bank will honor the drafts presented to it and will also have the right of recourse against the customer. The acceptance makes the instrument easily negotiable and more acceptable for discounting. source: Banking theory and practice by: Mercedes M. Leuterio & Consuelo B. Estepa
Who is responsible for a deceased person credit card?
Bank's Insurance company
How do you apply for a chase visa?
You can go to your local Chase bank and talk with a bank representative about applying for Visa credit. You can achieve this one of two ways: Open a checking or savings account, and receive a Visa Debit card, or apply for a Visa credit card, which can be trickier. Banks, especially chase, are selective about who can receive credit, for one, you must have an outstanding credit score...by outstanding, I mean 700+.
Does it effect your credit if you give back your prorerty to the bank if it isn't paid off?
Usually, yes. It depends on whether the bank can realise enough from the sale to cover the outstanding debt. If they can't, it depends whether that particular bank reprts to the Credit Reference Agencies.
Where can one get a free Transunion credit report?
According to the "Fair Credit reporting Act" the bank institution itself is responsible for creating a corresponding credit report for free. All one has to do is to contact the bank regarding this issue.
Can you get a loan from a bank with a responsible co signer?
Your abaility to obtain a loan from a bank is generally based on your credit score and what type of loan you would like to get. Generally, if you have a cosigner that has a good credit report you should be able to get a loan.
If a bank cancels debt from a repossession does that mean it comes off your credit report?
Yes it should, but don't leave it up to the CRA, get a letter from the BANK and send copy to CRA and they should remove the negative entry, if not ask the bank to update to the CRA to delete the trade line
Who is responsible for credit card debt after death in the state of Illinois?
Actually, the answer is the credit card holder is responsible for the debt if single, otherwise the spouse may be responsible for a partners debts. If it was made while they were married, otherwise, the bank can't collect the debt.
