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Is this possible to open a Letter of credit opened in one country and import doing in another country by using the same letter of credit?
the letter of credit is opened only for one business with a certain amount
If you open an irrevocable Letter of credit and the supplier does not supply you with the goods that you ordered specifically can you cancel the letter of credit prior to shipment of goods?
You can't cancel the letter of credit without the permission of the beneficiary, if the L/C is irrevocable.
Should I open a second credit card?
Opening a second credit card can have both benefits and risks. It can help you build credit and provide a backup payment option, but it also increases the temptation to overspend and can potentially harm your credit score if not managed responsibly. Consider your financial habits and goals before deciding to open a second credit card.
What is the difference between installment credit and open ended credit?
the difference between installment credit and open ended credit is they are the same..
No open accounts you have no credit score how can you get a credit score?
Of course you have to open an account or a credit cards for you to be able to get a credit score. I personally get a credit cards and check my three credit report from different bureaus.
Is this possible to open a Letter of credit opened in one country and import doing in another country by using the same letter of credit?
the letter of credit is opened only for one business with a certain amount
If you open an irrevocable Letter of credit and the supplier does not supply you with the goods that you ordered specifically can you cancel the letter of credit prior to shipment of goods?
You can't cancel the letter of credit without the permission of the beneficiary, if the L/C is irrevocable.
Should I open a second credit card?
Opening a second credit card can have both benefits and risks. It can help you build credit and provide a backup payment option, but it also increases the temptation to overspend and can potentially harm your credit score if not managed responsibly. Consider your financial habits and goals before deciding to open a second credit card.
What is the difference between installment credit and open ended credit?
the difference between installment credit and open ended credit is they are the same..
No open accounts you have no credit score how can you get a credit score?
Of course you have to open an account or a credit cards for you to be able to get a credit score. I personally get a credit cards and check my three credit report from different bureaus.
How is open-ended credit different from installment (closed-end)credit?
Open-ended credit allows borrowers to access a revolving line of credit, enabling them to borrow, repay, and borrow again up to a specified limit, like credit cards. In contrast, installment (closed-end) credit involves borrowing a fixed amount of money that is paid back in regular installments over a set period, such as personal loans or mortgages. While open-ended credit provides flexibility in borrowing and repayment, installment credit requires a structured repayment plan with a defined end date.
How does one open a line of credit?
The easiest line of credit to open is a credit card. There are many credit cards who, for higher fees and interest rates, specifically target people with poor or no credit. Otherwise, if you open a line of credit with your bank (i.e. get a loan) you have to prove financial stability, and dependability.
What are some types of letter of credit?
Documentary letter of credit, open letter of credit, confirmed letter of credit,unconfirmed letter of credit, revolving letter of credit, fixed letter of credit,transferable letter of credit,nontransferable letter of credit,revocable letter of credit,irrevocable letter of credit,back to back letter of credit.
Where can I Open A Checking Account without a credit check?
You can open a checking account with badcreditnic.com. The do no check your credit.
How are you affected by your 3 credit report scores?
The report scores show how well you handle credit. Such as paying back the debt owed or handling of bank accounts. If you have bad credit you may not be able to get loans or open certain bank accounts, or have a large credit card amount.
What is another name for open-end credit?
Revolving credit
Do credit cards provide open end credit?
They have limits.
