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This varies by the company and also your credit card company. On average the way it works is a company has 10 days to charge a hold on funds and after this 10 days is up your credit card company or bank will automatically release the funds back into your account. If the company actually releases the hold on the funds which some do, then it can be back on your card with in 3 days. On average though you will have to wait the full 10 days and on the 11th day it will be returned to your card automatically by your bank. Hope this helps.
Carlos it generally takes 10 days by default for almost all banks. Some companies however will RELEASE the hold on funds and if this is a company that does that (like car rentals and hotel stays) then it should take no longer than 3 days to be back in your account.
What else can I help you with?
What is inter-company account?
Account set up for transactions between companies to charge back expenses occured by one company but relate to another company, which you charge back to. BM
What is the definition of the term 'charge off'?
The term "charge off" is used when a company or creditor clears a persons account due to lack of payment at loss to the company. No further charges can be applied to the account.
Bank charged you for over draft protection on a closed account?
This bank account at TCF bank had been closed for over six months.Now we are being charged for over draft protection.It looks like a annual fee thay are charging on a closed account.How can a bank charge on a closed account and then charge for insufficient funds.
Is service charge an example of a bank fee that is charged when opening and using a checking account?
Yes, a service charge is a common bank fee associated with checking accounts. It may be charged for account maintenance, low balances, or specific transactions. Customers should review the terms of their account to understand any applicable service charges.
How many times and how often can a collection agency post an account to your credit report as a charge off?
A collection agency cannot charge-off an already charged-off account. The reporting of the STATUS of the account AS a charge-off can be reported every time they update with the credit bureaus. The 'date of status' must be the date of the ORIGINAL charge-off.
What is the difference between a service charge and a finance charge?
A service charge is typically a charge for a specific action that a company performs on an account or an order. A finance charge is an amount of interest that is charged on an amount of principal owed by a customer.
Can a collection agency charge interest of 1030 to a charge off account that has been paid down to 700 from 4514 but you missed two months?
The collection company has probably charged interest sincethe day they received the account. The interest rate can differ from state to state on a charged off account. So yes, they can but that amount is not just for two months. You need to ask for a total breakdown on the account and see if the interest charged is correct.
Can a credit card company still continue to charge interest if the debt has been charged off?
Yes, a "charge off" does not indicate that the debt is no longer valid. The creditor has several options on how to collect monies owed after the account has been charged off.
Your vehicle was repossessed and the finance company charged you ''storage'' fee on the invoice to get your vehicle back can the repo agent still charge for storage?
no because the storage fee that the finance company charged you was what the repo company charged on the invoice. the finance company had no other reason to charge storage fee's they did not store it
What is inter-company account?
Account set up for transactions between companies to charge back expenses occured by one company but relate to another company, which you charge back to. BM
Why did a charge disappear from my bank account?
A charge may disappear from your bank account if it was a temporary authorization that was later reversed by the merchant, or if there was an error in processing the transaction. It could also be due to a refund or a mistake in the initial charge.
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"
What is it called when a neutral object gets a temporary charge?
When a neutral object gets a temporary charge, it is called "static electricity." This can occur through processes like friction or induction, where electrons are temporarily transferred between objects, leading to one object becoming positively charged and the other becoming negatively charged.
How do neutral objects behave toward charged objects?
Neutral objects will not be affected by the presence of charged objects, as they do not possess a net electric charge. Charged objects may induce a temporary charge in neutral objects through induction, but once the charged object is removed, the neutral object will return to its original state.
What is the definition of the term 'charge off'?
The term "charge off" is used when a company or creditor clears a persons account due to lack of payment at loss to the company. No further charges can be applied to the account.
Can your checking account still be charged after you close it?
No. once an account is closed, it ceases to exist. It is no longer a valid account that can be used for transactions. So if someone wants to charge you for anything, they cannot use this bank account. Even the bank cannot charge anything on that account.
What is the charge for a Pay Pal account?
There isn't one, it is completely free. There is no charge to create an account through Paypal. There are only cost incurred once the account receives money for an item that was sold. The fee that is charged when that happens is 2.9%.
