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Under Florida law a spouse cannot be held liable for debt repayment if the debt was not jointly incurred. The issue concerning the second card holder will need to be taken up with the creditor. If the couple were still legally married at the time, the creditor will probably accept the spouse's right to use the account. In which case the account holder will be held liable for all charges pertaining to the account in question.
What else can I help you with?
What is the statute of limitations on credit card debt in Florida and Michigan?
Credit Cards are typically considered Open Accounts. The credit card agreement you signed may specify the state laws that will apply to the account and collection activities associated with it. Read the contract and consult an attorney. In Florida Open Accounts are subect to a 4 year statute of limitations. In Michigan Open Accounts are subect to a 6 year statute of limitations.
What are the 3 categories of consumer credit?
The three types of accounts on a consumer credit report are installment accounts, revolving credit and open accounts. Credit cards are considered revolving accounts.
What is the expiration period for a credit card authorization?
The expiration period for a credit card authorization is typically around 7-30 days, depending on the merchant and the specific transaction.
What type of services does Community First Credit Union offer?
Community First Credit Union has 16 branches located in Florida. The Credit Union offers both personal accounts and business accounts. A client may secure a loan there for a mortgage, a vehicle, or personal use. Student loans are also available as are credit cards.
How long does it take for a credit card authorization to expire?
A credit card authorization typically expires within 7-30 days, depending on the merchant and the card issuer's policies.
How can business credit lines help financially?
A business line of credit is accessible when a company has a cash flow problem. It can help during emergencies, when purchasing seasonal products, and to pay off accounts due even if the accounts receivable have not been paid. Interest is paid only when the line of credit is used.
What is the statute of limitations on credit card debt in Florida and Michigan?
Credit Cards are typically considered Open Accounts. The credit card agreement you signed may specify the state laws that will apply to the account and collection activities associated with it. Read the contract and consult an attorney. In Florida Open Accounts are subect to a 4 year statute of limitations. In Michigan Open Accounts are subect to a 6 year statute of limitations.
What are the 3 categories of consumer credit?
The three types of accounts on a consumer credit report are installment accounts, revolving credit and open accounts. Credit cards are considered revolving accounts.
If you close a credit card can a merchant still charge the account?
No, if you close your credit card, a merchant will not be able to charge the account. When the merchant attempts to get an authorization, it will come back declined.Now, if a merchant received an authorization before the card account was closed, the authorization will be honored.A merchant may attempt to force a credit card transaction without an authorization, but the credit card company will not pay it.http://paymenttransactionsystems.comhttp://merchantpos.net
What is the expiration period for a credit card authorization?
The expiration period for a credit card authorization is typically around 7-30 days, depending on the merchant and the specific transaction.
What type of services does Community First Credit Union offer?
Community First Credit Union has 16 branches located in Florida. The Credit Union offers both personal accounts and business accounts. A client may secure a loan there for a mortgage, a vehicle, or personal use. Student loans are also available as are credit cards.
Why should you study financial literacy?
You should become financially literate if only to understand your checking accounts, control your debt from credit cards and loans, and invest in a way to generate income.
How long does it take for a credit card authorization to expire?
A credit card authorization typically expires within 7-30 days, depending on the merchant and the card issuer's policies.
Is Revenue accounts increase by credit or debit?
revenue accounts increase by credit
What is credit authorization?
It's a form you sign to authorize another person to view your credit report.
Is it legal to charge a credit card without authorization?
Yes, why not
Is a decrease in accounts receivable debit or credit?
A Credit entry reduces Accounts Receivable
