answersLogoWhite

0

the letter of credit is opened only for one business with a certain amount

User Avatar

Wiki User

17y ago

What else can I help you with?

Related Questions

Is it possible for you to transfer a credit card balance to another person?

No, it is not possible to transfer a credit card balance to another person.


If you have old debt from another country and a collection agency in the US is trying to collect can they report the debt on your US credit report?

It is possible.


Can someone on a J1 or J2 apply for a credit card if they have collatarol in another country?

For a credit card simply collataroled in another country - boy...


How do you get a Loan when you have bad credit?

go to another country


Does US credit follow you if you move to another country?

No.


Is it possible to transfer credit card debt to another person?

No, it is not possible to transfer credit card debt to another person. Each individual is responsible for their own credit card debt and cannot transfer it to someone else.


Does your debt travel with you from country to country?

No, not in the sense that a person can be legally pursued or have credit denied due to the credit history in another country. However, if the person has had credit problems with a bank that has locations in another country, they can be denied banking privileges at that institution, which may create other problems


Is it possible for you to transfer credit card debt to another person?

No, it is generally not possible to transfer credit card debt to another person. Each individual is responsible for their own credit card debt and cannot transfer it to someone else.


What is payment credit as a type of letter of credit?

A dispute letter to credit bureaus is written by an individual to the credit bureau over the some issue related to credit standing. The individual would need to be clear in his letter of dispute against that of the credit bureau, providing evidence where possible to proof the error on the part of the credit bureau.


Is bad credit wiped away if you move to another country?

If you leave the country your credit will not be wiped clean. The "black" marks will remain on your credit bureau for 7 years after the date of your last payment to the debt(acknoledgement of the debt) Different countries have their own credit bureau's ie. Canada, US. However it is possible for a creditor to transfer the bad debt onto the credit bureau of the country you reside. Running away will not fix your credit problems. The best option is to deal with your individual creditors and make arrangements.


Can a cosigner be from another country?

If a co signer can qualify with their credit, they can be from another country. They generally have to be present in order to co sign a loan, however.


Can you transfer from a community collage after 2 years to finish your last two years at a collage in another country?

It is possible but risky in terms of having all credits transfer. The course content and credit hours make differ from country to country, and institution to institution.