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a "credit balance" is money that you have.

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14y ago

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Can you get sued over an unpaid credit card balance?

Yes. It doesn't matter how much the account balance is, it only matters if the creditor can collect the money owed after wining a lawsuit


Can a bank attach a unpaid balance to real estate?

Not in Texas. If the unpaid balance is related to your Mortgage then the answer is yes. In this case your home will be foreclosed. an unpaid balance will eventually be reported to the credit bureau.


What is the difference between my credit card's current balance and statement balance?

Your credit card's current balance is the total amount you owe on the card at any given time, including recent transactions and any unpaid balance from previous months. The statement balance is the amount you owed at the end of the last billing cycle, which is the amount you need to pay by the due date to avoid interest charges.


Does an unpaid medical bill look bad on your credit report Since it was an emergency?

Yes ... the credit bureau only "sees" unpaid debt ... it does not determine who is owed or how the unpaid debt was incurred. You should be writing to the credit bureau's and explain the situation - they may drop the reported unpaid bill, but will not forgive the debt still owed ... that still needs to be paid back to the medical institution as soon as possible, as they are a business and rely upon money (income) to pay their bills and staff.


How is a credit card reflected on a balance sheet?

A credit card is reflected on a balance sheet as a liability, representing the amount owed to the credit card company. This is recorded under the "liabilities" section of the balance sheet.

Related Questions

Is a credit balance in a vendor subsidiary account an unpaid balance owed?

Is a credit balance in a vendor subsidiary account an unpaid balance owed?


Is a credit balance in a vendor subsidiary account is an unpaid balance owed?

Is a credit balance in a vendor subsidiary account an unpaid balance owed?


Is a credit balance in a vendor subsidiary account is an unpaid balance owed.?

Is a credit balance in a vendor subsidiary account an unpaid balance owed?


Is any credit balance in a vendor subsidiary account an unpaid balance owed?

Any credit balance in a vendor subsidiary account ia an unpaid balance owed?


Is any credit balance in a vendor subsidiary account is an unpaid balance owed.?

Any credit balance in a vendor subsidiary account ia an unpaid balance owed?


Is a Credit balance in vendor subsidiary account is an unpaid balance?

Is a credit balance in a vendor subsidiary account an unpaid balance owed?


Is Any credit balance in a vendor subsidiary account is an unpaid balance owed?

yeah


Any credit balance in a vendor subsidiary account is an unpaid balance owed?

yes there is 1 but i forgot it


Any credit balance in vendor subsidiary account is an unpaid balance owed?

yes there is 1 but i forgot it


Any credit balance in a vendor subsidiary account is an unpaid balance owed.?

yes there is 1 but i forgot it


Can an unpaid balance on auto insurance effect your credit?

Unpaid balances owed to insurance companies will be sent to collection agencies and will count against your credit.


Why any credit balance in a vendor subsidiary account is an unpaid balance owed?

A credit balance in a vendor subsidiary account indicates that the vendor has received more payments than the amount owed for goods or services provided. This typically means that the vendor has a credit on their account, which can be considered an unpaid balance because it represents funds that the vendor may need to refund or apply to future invoices. Hence, the credit amount is essentially a liability for the vendor until resolved.