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What else can I help you with?
The balance in the Accumulated Depreciation account represents the?
amount charged to expense since the acquisition of the plant asset.
The balance of accumulated depreciation account represents the?
amount charged to depreciation expense since the acquisition of the plant asset.
When does an account shows credit balance?
When you have paid more than you have charged to your credit card account. Alternately you may have paid considerably in advance before receiving the bill.
Can you still deposit to your account even if a haven't deposit since last year?
yes, as long you maintained the minimum maintaining balance, a bank required, there will be no bank charges deduction on your account, because 1 year of no depositor/s transactions means dormat account. If, minimum maintaining balance was not met, then your bank charged you of dormancy, then your account might be closed, and you cannot deposit any. Ask your bank about your balance.
How long does charged off credit card debt stay on credit report?
An account is no longer reported after a period of 7 years of inactivity in the USA; 6 years in Canada.
Are creditors compelled by law to report a settlement account as a charge off?
The account will be reported as "settled in full / was charged off"
Can you still be charged any fees after you close a credit card account?
You can be charged any fees that were applicable to the account when it was still open. Yes, fees and interests will still be applied as long as there is an account balance.
Can you open an account with a bank if you have had a charge off with a past account?
Typically no, once your account gets to the point of charged off, it has been overdrawn for roughly 45 days (give or take). Your name and SSN then get reported to ChexSystems which then notifies every bank of your charged off account. Not many banks want to risk losing their money to you if you've already lost money for another bank. Your best chance to get an account is to go back to the bank your account was charged off, explain what happened, and hope for the best. And next time balance your checkbook... daily.
What if your bpi savings account with passbook is below the maintaining balance?
You'd be charged a certain fee for going below the maintaining balance.
The balance in the Accumulated Depreciation account represents the?
amount charged to expense since the acquisition of the plant asset.
The balance of accumulated depreciation account represents the?
amount charged to depreciation expense since the acquisition of the plant asset.
When does an account shows credit balance?
When you have paid more than you have charged to your credit card account. Alternately you may have paid considerably in advance before receiving the bill.
Why do overdrafts have an ear?
Overdrafts have an ear because it is a fee charged by financial institutions when an account is overdrawn. This fee is typically charged for each transaction that exceeds the available balance in the account. It serves as a penalty for using more funds than what is available in the account.
Should you pay off a credit card balance that has been charged off?
Yes. You're still responsible for any outstanding balance, even if an account is charged off. What has been known to happen is that the balance will keep getting sold to collectors, and you end up being harrassed.
If you close a credit card does the APR go to zero?
No, the applicable interest and fees will still be charged until the balance of the account is paid.
Can a negative balance of a checking account that was later charged off in a house at a credit union be reported on a credit report?
Yes. You violated the terms of the financial agreement and as such are demonstrating your irresponsibility as a credit risk. That is the purpose of credit reports to a credit bureau. It exists to report your history as a credit-worthy individual.
When would one be charged a balance transfer fee?
Rules regarding balance transfer fees vary by bank and individual bank account. To understand if one should be charged a balance transfer fee, the individual should consult their banking institution or credit card lender to review their individual regulations on these fees.
