Yes. You're still responsible for any outstanding balance, even if an account is charged off. What has been known to happen is that the balance will keep getting sold to collectors, and you end up being harrassed.
The difference between the two should be what has been charged to the card.
Have you been charged twice for the same credit card transaction?
There are many factors in credit scoring. Closing an account should not make it drop in score. Especially if it is a small amount of credit available.
Excess of repayment over scheduled or expected repayment. For eg. the expected balance in a HL account on a given date is 10,000/-, the actual account balance should have been 8,000/- as per the repayments made, the excess repayment of 2,000/- is negative credit balance or unadjusted repayment.
Your credit card may not have been charged due to various reasons such as insufficient funds, expired card, or a technical issue with the payment system. It is recommended to contact the merchant or your credit card company for further clarification.
Your sister should not be paying on the credit card balance. In fact, the credit card company cannot even legally send her statements because she is protected by the automatic stay.
a credit memo is getting credit for something that should have not been charged. a demo memo is billing someone incorrectly.
The difference between the two should be what has been charged to the card.
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Yes, your confirmed flight reservation is typically processed even if your credit card has not been charged yet.
If a credit card account has an outstanding balance that is defaulted on, the account will not be closed. The account will be charged to profit and loss, or sent/sold/assigned to collections, either internal or external.
Yes it can. So long as the debt has not been charged off, intrest continues to mount. As long as there is a balance, and the lender has a hope of getting you to pay, he may leave it open. It also helps to get the balance higher so suing you becoems more feasible.
Yes, your confirmed flight booking with Expedia may still be processed even if your credit card has not been charged yet.
A credit adjustment reduces the patient's account balance. Which means money that the patient had paid and has been acredited to their balance.
Have you been charged twice for the same credit card transaction?
Yep!
There are many factors in credit scoring. Closing an account should not make it drop in score. Especially if it is a small amount of credit available.