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What else can I help you with?
What is the amount of money you still owe to their credit card company called A?
The amount of money you still owe to the credit card company is called your "credit card balance." This balance reflects any outstanding charges, including purchases, interest, and fees, that have not yet been paid off. It's important to manage this balance to avoid high interest charges and potential damage to your credit score.
What are funding costs?
Funding Costs: These costs are charges which any company pay to the lender for taking the loan for it's business and workings. For Example interest on loan etc
What is interest coverage ratio?
This ratio is used to determine how easily a company can repay the interest outstanding on its debt commitments. The lower the ratio, the more the company is burdened by debt commitments. When a company's interest coverage ratio is 1.5 or lower, its ability to meet its interest expenses becomes questionable. An interest coverage ratio of < 1 indicates that the company is not generating sufficient revenue to satisfy its interest expenses. Formula:ICR = EBIT / Interest ExpensesEBIT - Earnings Before Interest and Taxes
Does a business have to pay for each purchase for using a credit card machine?
The credit card company pays the retailer a fee every time someone uses the machine to pay for purchases. The card company charges the customer a fee for paying by card (usually in the monthly interest charged).
What is interest payable?
Interest payable is the interest the company pays on any loans, leases, hire purchases, debentures, etc. throughout the year.
Can collection agencies request additional money on interest charges after the debt is paid in full?
No, a debt collection company purchases a debt from a creditor. They can try to collect on that debt but may not charge interest on it as they have no contract with you outlining interest charges. If a company is attempting to do that, cite the Fair Debt Collection Practices Act, a federal law, and complain to the Federal trade Commission, which oversees debt collection practices.
What are the consequences of unauthorized tip charges on a credit card statement?
Unauthorized tip charges on a credit card statement can lead to financial loss for the cardholder, potential disputes with the merchant, and damage to the cardholder's credit score if not resolved promptly. It is important to monitor credit card statements regularly to catch any unauthorized charges and report them to the credit card company immediately.
When a company charges over the legal interest rate is called?
Usury.
Can a company that is not a finance company charge interest and finance charges to someone it has lent money?
Yes.
A cardholder forms a relationship with a local company?
Yes
A cardholder forms a relationship with a local company to making purchases with no receipts found to support the purchase, and the amount of purchases from this company exceeds the normal expenditures?
cardholder fraud
A cardholder forms a relationship with a local company to making purchases with no receipts found to support the purchase and the amount of purchases from this company exceeds the normal expenditures?
cardholder fraud
When making a purchase a cardholder was recently informed by the merchant that the purchase card account has been suspendedwho should the cardholder contact to address this matter?
The cardholder should contact the card company.
Where can one find a credit card that charges no interest?
Depending on the country that one resides in it would be difficult to find a no interest credit card. The company Virgin provides no interest credit cards.
How does Visa card company make money?
It charges banks to issue its cards, and charges merchants to accept the cards By charging high interest rate and fee to it's users
How can I get deferred interest charges waived?
To get deferred interest charges waived, you can try contacting the lender or credit card company and explaining your situation. You may be able to negotiate a payment plan or request a one-time waiver of the charges. It's important to be polite and persistent in your communication to increase your chances of success.
Does the interest and finance charge stop each month after a credit card charge off?
No - I am a collector and service primarily unsecured credit card debt. Per the cardholder agreement that was signed with the credit card company, the account holder is often liable for a LARGER interest rate after an account goes into collections. This may not always be the case, but I rarely see credit card collections that have interest rates lower than 18%. Finance charges are not often applicable when the tradeline has been closed and charged off into collections.
