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All credit grantors have the option of filing suit against a consumer that owes them money. Such considerations are usually made with profit in mind. Do they stand a chance to recover enough money to justify the added expense of a lawsuit?
If a consumer is sued and a judgment is granted, that judgment is a separate entry on the credit report, can possibly be renewed (depending on state law) and has a separate reporting period for how long it may show on the credit report.
The plaintiff creditor may also pursue any legally available means to collect on the judgment including: garnishing wages, freezing bank accounts and attaching liens to any real property.
What else can I help you with?
What happens when you make a purchase using a credit card?
When you make a purchase using a credit card, the credit card company pays the merchant on your behalf. You then owe the credit card company the amount of the purchase, which you must pay back according to the terms of your credit card agreement.
Can you close your credit card account and continue to make payments?
No, what usaully takes place is that the credit card company freeze your credit card account and you continue to make payments
How do you put money on your credit card?
To put money on your credit card, you can make a payment online, through your bank, or by mailing a check to the credit card company.
Is paying off your credit card bad?
Only if you OWN the credit card company. Credit card debt is a silent killer. Make the choice to carry ZERO credit card debt.
How do you get a credit card?
1. Inquire to the customer service of the credit card company or you can go directly to the credit card company such as Citibank.2. Ask about what are the requirement in applying a credit card3. You need to know also the credibility of the credit card company if they have good records.4. If you know the details about the credit card company, you go directly and ask about the guidelines, terms and conditions.5. Submit the necessary requirement , usually the credit card company conducts a CI (credit investigation) into your information if you pass their requirements.More adviceFirst of all, make sure that you meet the age requirements to get a credit card. Then decide why you want to get a credit card (to get a cash back from purchases, etc.) After that you can go to a bank, a credit card company, browse "credit card applications" online and find a site where you can apply for a card.To be approved for a card, you should apply for a credit card according to your credit rating.Yes, you can have credit card if you are qualified for one.
What happens when you make a purchase using a credit card?
When you make a purchase using a credit card, the credit card company pays the merchant on your behalf. You then owe the credit card company the amount of the purchase, which you must pay back according to the terms of your credit card agreement.
Can you close your credit card account and continue to make payments?
No, what usaully takes place is that the credit card company freeze your credit card account and you continue to make payments
How can you make the credit card company reopen an account and remove 'closed by credit grantor' from your credit report?
You can't MAKE a credit card company reopen an account. You can call the credit bureau and request that they change the status to indicate that is was closed by you and not the credit grantor. Or, you can simply put a notation in your credit report stating that the account was closed by you and not the card company.
Can I use my credit card in Canada for purchases and transactions?
Yes, you can use your credit card in Canada for purchases and transactions. Just make sure to inform your credit card company of your travel plans to avoid any issues with international transactions.
How do you put money on your credit card?
To put money on your credit card, you can make a payment online, through your bank, or by mailing a check to the credit card company.
Is paying off your credit card bad?
Only if you OWN the credit card company. Credit card debt is a silent killer. Make the choice to carry ZERO credit card debt.
How do you get a credit card?
1. Inquire to the customer service of the credit card company or you can go directly to the credit card company such as Citibank.2. Ask about what are the requirement in applying a credit card3. You need to know also the credibility of the credit card company if they have good records.4. If you know the details about the credit card company, you go directly and ask about the guidelines, terms and conditions.5. Submit the necessary requirement , usually the credit card company conducts a CI (credit investigation) into your information if you pass their requirements.More adviceFirst of all, make sure that you meet the age requirements to get a credit card. Then decide why you want to get a credit card (to get a cash back from purchases, etc.) After that you can go to a bank, a credit card company, browse "credit card applications" online and find a site where you can apply for a card.To be approved for a card, you should apply for a credit card according to your credit rating.Yes, you can have credit card if you are qualified for one.
How do you put money on a credit card?
To put money on a credit card, you can make a payment online, through your bank, or by mailing a check to the credit card company. This adds funds to your credit card balance, which you can then use for purchases.
Can a credit card company activate your credit card before they send it out without your permission?
No. Major reputable credit card companies won't even activate your card until you have the device in your hand.Reputable credit card companies will NOT activate your card prior to sending the card out regardless of your permission. Activation by trustworthy credit card companies ONLY is derived after the card is mailed AND you have provided both identity and physical proof that the card should be activated.AnswerA credit card company is not allowed to activate a credit card unless they have your permission,or there are some type of term or condition that allows them to do that .Try calling the company and ask why it was activated w/o your permission, and definetely make sure that they never do it again,and make sure no other credit card company can ever do that.
What is the process for filing a credit card claim?
To file a credit card claim, you typically need to contact your credit card company, provide details of the disputed charge, and submit any supporting documentation. The credit card company will investigate the claim and make a decision on whether to issue a refund or credit to your account.
How does someone pay for another person's credit card with their credit card?
Phone the person's card company - tell them you'd like to make a payment - then follow their instructions.
How long does a company have to charge your credit card after making a purchase?
A company typically has a few days to charge your credit card after you make a purchase, but the exact timing can vary depending on the company's policies and the type of transaction.
