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What else can I help you with?
What is the difference between a checking account and credit card account?
checking from bank fund & credit card prepaid by credit
Is interest earned a debit or credit?
All earnings and revenues has credit balance as normal balance so interest earned also has credit balance as default normal balance.
What does a 0 balance charge off mean?
A 0 balance charge off means that the debt company has given up trying to collect the debt. It may sound good, but the effect on the credit rating is very bad.
To increase note payable is debit or credit?
Notes payable has credit balance as normal balance so credit will increase the notes payable balance.
Is admission revenue credit or debit in balance sheet?
Credit side of balance sheet.....Revenue is an Owners Equity account therefore has a Credit Balance.
Should interst earned on a checking account be added to the checking account balance?
There is a way to earn interest on a checking accounts and can be added to the account. You will have to back through a credit union.
What happens if you transfer money from your checking account to your credit card?
When you transfer money from your checking account to your credit card, you make a credit card payment. If you do not have a balance owed on your credit card, then you will have credit or a positive balance on your card.
Does closing a checking account hurt my credit score?
Closing a checking account does not directly impact your credit score because checking accounts are not reported to credit bureaus. However, if the account has a negative balance or is linked to an overdraft line of credit, it could potentially affect your credit if left unpaid.
Can you pay off someone else's credit card balance through a balance transfer?
Yes, you can pay off someone else's credit card balance through a balance transfer by transferring the balance to your own credit card account.
Will having a negative balance in an unused checking account affect your credit rating?
No, having a negative balance in an unused checking account will not directly affect your credit rating. However, if you fail to pay off the negative balance and the account is sent to collections, that could potentially have a negative impact on your credit rating.
Can credit card companies sue you after or during bankruptcy?
Not likely. They can come to collect if you have a balance but sue you why?
What credit card can you get with no job or checking account?
None. Even secured cards require a specified balance in a checking account, before they are granted.
How to check the balance on my credit card?
To check the balance on your credit card, you can usually do so by logging into your online account, calling the customer service number on the back of your card, or checking your most recent statement.
Is credit card balance real time when a credit check is done?
No, credit card companies submit to the credit agencies on a monthly basis at the end of each month. So if you are checking your credit card the 3rd week of the month you will see last months credit card statement balance not what you currently owe on your credit card.
How can I transfer money from my credit card to my checking account?
To transfer money from your credit card to your checking account, you can typically do a balance transfer or a cash advance. A balance transfer involves moving money from your credit card to your checking account, usually with a fee and a promotional interest rate. A cash advance allows you to withdraw cash from your credit card at an ATM or bank, but usually comes with high fees and interest rates. Be sure to check with your credit card issuer for specific instructions and fees.
Can you close your checking account if you have a balance left on your VISA card?
Yes. Closing a checking account when a credit card has outstanding balance shouldn't be a problem. The bank would expect payment on their card promptly on the due date irrespective of whether you have an account with them or not.
Can you pay Bank of America mortgage with credit card?
Bank Of America does not allow payments towards mortgage balance to be applied from a credit card, only a checking account. Cash advance from a credit card can be obtained and then transferred to a checking account which is being used for the mortgage payment.
