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The laws vary from state to state but i believe they can after suing and getting a judgment against you. I have "heard" they only sue if the amount of debt is substantial..like more than a few thousand dollars because of the cost of lawyer and other associated costs. They should have to notify you before suing but again that might vary from state to state. Anybody else "heard" anything different?
What else can I help you with?
Is it possible to transfer money from my Venmo credit card to my bank account?
No, it is not possible to transfer money directly from your Venmo credit card to your bank account.
Can you transfer money to a credit card?
Yes, you can transfer money to a credit card by making a payment from your bank account to the credit card account.
Can you earn interest from a credit card if you have a positive credit account and does the credit company have to pay you interest for borrowing your money?
You cannon earn interest from a credit card if you have a positive credit account. The bank will simply give you a refund if you have overpaid.
How can I transfer funds from my credit card to my bank account?
To transfer funds from your credit card to your bank account, you can typically do a balance transfer or use a money transfer service. Check with your credit card company for specific options and fees involved in the transfer process.
What does cash in the bank mean?
It means you bank account is in credit, you have money to spend.
Is it possible to transfer money from my Venmo credit card to my bank account?
No, it is not possible to transfer money directly from your Venmo credit card to your bank account.
Deposited money in bank is cr or dr?
When you deposit money into a bank account, it is considered a credit transaction. This is because you are increasing the balance in your account, which is a credit to your account. From the bank's perspective, they are also increasing their liabilities by owing you that money, which is recorded as a credit on their books.
Why is the balance as per bank statement on the bank reconciliation statement a credit if its a favorable balance but in the bank account the credit means you owe the bank money?
The Debit and Credit on a bank statement reflect the Bank's accounting records, not yours. So when you deposit money into your account, the bank owes you that money to you - it is a liability for them, therefore a credit entry. Similarly, if they charge you a bank fee, it reduces their liability to you, so they would Debit your account (on their books) and Credit an Income account.
How does a company get your bank account information?
Credit report?
Can you transfer money to a credit card?
Yes, you can transfer money to a credit card by making a payment from your bank account to the credit card account.
Can you earn interest from a credit card if you have a positive credit account and does the credit company have to pay you interest for borrowing your money?
You cannon earn interest from a credit card if you have a positive credit account. The bank will simply give you a refund if you have overpaid.
If someone dies with 10K in credit card debt and has bank account does the credit card company get the money?
Yes, they are a creditor that can make a claim on your estate.
Does amazon accept money from bank account?
Yes, Amazon accepts money from the bank account via the credit cards.
What does it mean when a credit card company charges your account off?
that probably means you've used up all the money on your account. or your in the negative, which means you owe the bank money
Does Credit mean the increase side of an account?
what do you mean by increased side? it depends on which account you are talking. in bookeeping entries of a company a credit on its bank account means money going out the business. in a reserve account it means money being added to the reserves! If on the other hand you are talking about a bank account (personal) this normally means depositing.
How can I transfer funds from my credit card to my bank account?
To transfer funds from your credit card to your bank account, you can typically do a balance transfer or use a money transfer service. Check with your credit card company for specific options and fees involved in the transfer process.
Can a credit card company freeze your bank account?
A credit card company cannot freeze your bank account. However, it can sue you in court for any overdue balance. If the credit card company is successful, the court will issue a judgment lien that the creditor can use to freeze your bank account and seize any money you have on deposit. In fact, the judgment lien can be used to seize any assets you own to satisfy the lien.
