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it depends on whether they sold their portfolio of debt

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15y ago

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What does getting a business credit card do for your company?

Having business credit card helps the company and its owners secure a line of credit. Busnesses can purchase materials for jobs now and pay for them later.


Do you have to pay your company credit card debt if it is out of business?

It depends on the credit card application and the structure of the company. Most credit cards issued to a small business are guaranteed by the owner. In that case, you must pay. If the card was issued soley to the company, the credit card company could sue your corporation to recover any assets available. If the company was a sole proprietorship or a partnership, you are liable.


Where can I find about a business credit line?

When a company, or members of a company, have a company credit card they are being extended a business credit line. This means that all expenses they pay that are related to the company are charged directly to the company on this credit line. You can go to local banks and their official websites to find out more. You can also go to credit card companies websites such as Chase.


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).


Do you have to pay a credit card from a business going out of business?

yes you do


If you did not pay your credit card what happens?

the credit card company sends people to get their money i would want to pay them.


Can I pay my credit card bill with cash?

Yes, you can pay your credit card bill with cash at certain locations such as the bank or the credit card company's branch.


Where do I go to pay off my credit card debt?

Your credit card company. You should be able to call them and pay your bill/debt over the phone or be able to do it on the internet on your credit card company's website.


When making a credit card purchase at a store, to whom do you agree to pay?

When making a credit card purchase at a store, you agree to pay the credit card company that issued the card.


How can you pay credit card bills?

You can pay your credit card bill by sending a check into your credit card company. Some companies have online service options where you can pay right online.


How does one pay credit card bills online?

One can pay credit card bills online by consulting with the website of their credit card company. Many companies offer an option to pay credit card bills online.


Is it legal for and employer to deduct from your pay for unreimbursed business expenses incurred using a company credit card?

Yes - if you used the company credit card, you are liable to repay the amount you spent ! The employer can recover that directly from your wages.