0
Will a credit card company sue for a 7 year past due account if one owes less than a thousand dollars?
Wiki User
∙ 19y ago
The SOL may apply. Always check the SOL statutes for the state of residence. The debt may not even be genuine, ask for written confimation of the money owed, and to whom. It is always better to pay a debt, if it is actually owed. Whether or not a creditor will sue depends on how likely they are to win a judgment and collect on it. All states have set exemptions that are available to a defendent if a judgment is awarded.
Wiki User
∙ 19y ago
Add your answer:
Earn +20 pts
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 account is debited when a company returns merchandise to a vendor on credit?
credit
Can a a credit company file the same account twice on your credit report?
It happens and can be disputed. Call you credit card company or credit agencies.
When does accounts receivable have a credit balance?
If an account has a credit balance the customer must have overpaid on their account or a credit was issued by the company and posted to the customers account, resulting in a credit or negative balance.
Can a credit card company reopen a charged off account?
No, a credit card company will not reopen a charged off account. They may choose to grant you a new line of credit, but this would be rare.
Can a credit card company charge a three percent fee up to one hundred dollars for closing an account with a balance?
Yes.
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 account is debited when a company returns merchandise to a vendor on credit?
credit
Can a a credit company file the same account twice on your credit report?
It happens and can be disputed. Call you credit card company or credit agencies.
When does accounts receivable have a credit balance?
If an account has a credit balance the customer must have overpaid on their account or a credit was issued by the company and posted to the customers account, resulting in a credit or negative balance.
Can a credit card company reopen a charged off account?
No, a credit card company will not reopen a charged off account. They may choose to grant you a new line of credit, but this would be rare.
How does a company get your bank account information?
Credit report?
If supplies are return back to company and a reduction is on the account is it a credit or debit?
Debit account
How are credit accounts affected when another company buys them out?
When often another company buys a credit card company, they have purchased your account. Most often, it is business as usual, and payments are directed to the new owner of the account.
What is the credit limit of a pre paid credit card?
Most companies give you the choice; you can either get the maximum amount as your limit like five thousand dollars or you can get the minimum amount like two hundred dollars. It really actually depends on the company, so limits may definitely vary.
What is the difference between a Debit and a Credit as it relates to Accounts Receivable?
Accounts Receivable is an account that holds what a person or company owes your business. For example you sold a computer to a customer on credit, this credit is listed in an Accounts Receivable and is an asset.Asset accounts maintain a Debit Balance, meaning that a debit to the account will increase the account (in other words increase the amount the customer owes the company).A credit to the account will decrease the balance of that account (in other words, it records payment or credit to that customers account and decreases the amount the customer owes the company).
When you close an amazon account does your credit card info get closed aswell or dods the company keep all of this info?
When your Amazon account is closed, the credit card info that is associated with the account will not be kept by the company and will be deleted also.
