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Yes, you do. Credit card purchases are not secured by the purchases.
Please be advised that if you file and have all debts discharged by bankruptcy court, it stays on your credit record for 7 years. You will not be able to get any credit for anything for 7 years. Get used to the cash or check only for 7 years if you file. Even then it will be hard to re-establish credit. If you do get credit cards etc after that, you will be paying the highest interest rates, and may even have to have a co-signer for a loan on something like a car and for sure on a home. My next 2 car loans after I filed required co-signers. Just so you know.
What else can I help you with?
Can discharged items that were included in a bankruptcy be listed as discharged in bankruptcy on your credit report?
Yes, discharged debts are generally noted as "included in bankruptcy" on a CR.
Can you see what was purchased on a credit card?
Yes, credit card statements typically show the items purchased, merchant names, and transaction amounts.
What is subsidiary credit cards?
Subsidiary credit cards are viable credit cards issued under the direction of a major credit card company. For example, the American Express Company issues several different types of credit cards. They have cards that give you cash back, cards that give you points to purchase other items, and cards that earn airline travel miles. Each one of these types of cards are subsidiary credit cards.
What are the negative effects of personal bankruptcy?
The bankruptcy proceedings remain on your credit record for 10 years. During this period, it is very difficult to reestablish credit and borrow funds for items such as a new car or home.
Does a credit card statement show a detailed list of the items or services that were purchased?
Yes, a credit card statement typically shows a detailed list of the items or services that were purchased, along with the merchant's name, date of purchase, and amount spent.
What is the Florida law concerning items purchased using store issued credit cards?
Florida has no law concerning items purchased using store-issued credit cards. In the eyes of the law, a store credit card is no different than a regular credit card if the card provides a mechanism to pay over time (i.e., longer than one month) and there is a credit limit associated with the card. Florida does not have a specific law concerning goods purchased with a credit card; rather, Florida sets guidelines as to the pricing of the cards (e.g., maximum interest rate, fees charged).
Can interest paid on credit cards be claimed on taxes?
This would depend on where you live. In the UK, if the items purchased on the credit card were purchased solely for the business then the interest paid to the credit card company until these items were paid off might be considered a business expense. Essentially the business would be paying the credit card company interest for loaning it the money to purchase the business items. In this case proof of the interest accrued should be retained for tax records in addition to the receipts for the items purchased.
Can discharged items that were included in a bankruptcy be listed as discharged in bankruptcy on your credit report?
Yes, discharged debts are generally noted as "included in bankruptcy" on a CR.
Will filing a bankruptcy remove a judgment on credit report?
Yes, if it is not a perfected lien against real property and the debt was discharged in the bankruptcy.
Can a creditor of a credit card company repossess items purchased on credit cards?
No, unless the card you financed your purchase on is also the maker of the product. This would be very rare though because most store cards are actually issued by a credit card company. Additionally, they would only do this for something that would be really expensive.
Can you see what was purchased on a credit card?
Yes, credit card statements typically show the items purchased, merchant names, and transaction amounts.
What are the effects of personal bankruptcy?
The bankruptcy proceedings remain on your credit record for 10 years. During this period, it is very difficult to reestablish credit and borrow funds for items such as a new car or home.
What is subsidiary credit cards?
Subsidiary credit cards are viable credit cards issued under the direction of a major credit card company. For example, the American Express Company issues several different types of credit cards. They have cards that give you cash back, cards that give you points to purchase other items, and cards that earn airline travel miles. Each one of these types of cards are subsidiary credit cards.
What are the negative effects of personal bankruptcy?
The bankruptcy proceedings remain on your credit record for 10 years. During this period, it is very difficult to reestablish credit and borrow funds for items such as a new car or home.
How do you remove a bankruptcy from your credit?
You can dispute a bankruptcy to the credit bureaus. This gives them 30 days to verify it with the courthouse that filed it or it must removed from your credit report. This would only be the bankruptcy, not the items included in bankruptcy. You would have to dispute them separately. Answer No, a bankruptcy cannot be removed if you actually had one and it was discharged. Rather, it will "time out" after a set number of years. You can recover some credibility after a couple of years of paying accounts as agreed.
Does a credit card statement show a detailed list of the items or services that were purchased?
Yes, a credit card statement typically shows a detailed list of the items or services that were purchased, along with the merchant's name, date of purchase, and amount spent.
What types of credit card are available from Bank West?
Some types of credit cards that are available from Bank West are those that are registered under Visa. These credit cards will allow you to purchase lots of items.
