It depends on the credit card application and the structure of the company. Most credit cards issued to a small business are guaranteed by the owner. In that case, you must pay. If the card was issued soley to the company, the credit card company could sue your corporation to recover any assets available. If the company was a sole proprietorship or a partnership, you are liable.
NCB CRD SRVS is the name of a Credit Card Management Service. The full name of the company is NCB Card Management Services. They are in the business of helping credit card companies collect on unpaid debt.
Credit card companies win whether you paid or not. They write-off the credit card debt at the end of the year on their taxes, they also hedge their burden for increase risk by having insurance so they recover some of your losses from your default and they can sell their uncollectable debt to a third party (collection agencies). What rights do you have? The Fair Debt Collections Act. Your debt is with the original creditor (Credit Card Company) and not the collection agency any money you pay should be to the original creditor.
Yes - the refund is an asset - which the card company can use to offset your debt !
800 Credit Card Debt helps you consolidate all of your credit card debt into one monthly payment. They do this by contacting your credit card debt companies and negotiating a payment for you.
Most likely the credit card company wrote off the debt. However it will show on your credit as a write off, and your credit is still negatively affected by this. You did not receive a get out of jail free card.
it depends on whether they sold their portfolio of debt
A business credit card debt can affect someone's personal credit card rating. A credit report for an individual is processed by activity of one's overall credit. This means that having debt for a business credit card can hurt a person's chances of receiving lower interest for a home finance loan.
Yes, you can. Simply pay the credit card company what they are owed, or have the debt written off.
That decision is up to the credit card company. If the corporation is relatively new or had no credit history, the credito card company might demand that you personally guarantee the debt and you will need to have a credit check. If you have been in business a long time, the credit card company MIGHT not require a personal credit check.
There are a number of options available for business credit card debt consolidation. Some of the top rated options are National Debt Relief, DebtWave Credit Counselling and Premier Debt Help.
Nothing. You bought - and received - a product or service. You charged it, which means the merchant was paid by your credit card company. Your debt is now to the credit card company, and you owe it whether the merchant is in business or not.
Your credit card company. You should be able to call them and pay your bill/debt over the phone or be able to do it on the internet on your credit card company's website.
Only if you OWN the credit card company. Credit card debt is a silent killer. Make the choice to carry ZERO credit card debt.
It means a credit card company wants to put you into debt by giving you a credit card you can use.
The Debt goes to be paid by his estate, if there is no money to pay the debt it just bad luck for the credit card company.
The business is, provided the charges were for business related or permitted personal purchases. Most businesses, however, have policies for personal purchases on company plastic, and procedures for paying back the company. If personal charges are not permitted, then the card holder will be required to pay back the debt.
If the credit card is drawn against the business, that is if it is a business account, then yes. If the card is a personal card, then his estate is responsible for payment of any outstanding debt. Since the business is part of his estate, if in probate it is determined that the business owes the debt, then yes, you or rather the business is responsible.