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What else can I help you with?
How can I prevent my credit card from being declined?
You can prevent your credit card from being declined by paying your bill on time and not exceeding your credit limit.
What is the difference between Deferred Payment Credit and Acceptance Credit?
Acceptance credit is always available by the draft/bill of exchange, whereas a deferred payment cerdit may and may not be available by the draft/bill of exchange.
What happens if you stop paying on a credit card?
they will add a late fee to your bill, try and contact you, eventually lower your credit limit, and have a collecting agency contact you
When might one get an increase in their rate on their credit card account?
You can get an increase by paying your bill on time for at least 6 months, late payments can result in credit limit and credit score decreases. You can also lower your credit utilization.
What are the options available for individuals seeking medical bill consolidation loans?
Individuals seeking medical bill consolidation loans have several options available, including personal loans from banks or credit unions, medical credit cards, and specialized medical bill consolidation companies. It's important to compare interest rates, fees, and repayment terms before choosing a loan option.
Why do we have to supervise the credit limits of the guest?
If a guest had no upper credit limit - they could run up a huge bill, with no means of paying for what they've spent. Limiting a guest's credit limit minimises losses.
How can I prevent my credit card from being declined?
You can prevent your credit card from being declined by paying your bill on time and not exceeding your credit limit.
What is the difference between Deferred Payment Credit and Acceptance Credit?
Acceptance credit is always available by the draft/bill of exchange, whereas a deferred payment cerdit may and may not be available by the draft/bill of exchange.
What happens if you stop paying on a credit card?
they will add a late fee to your bill, try and contact you, eventually lower your credit limit, and have a collecting agency contact you
Can I get a credit card without any credit history?
You can get a credit card starting out with a small limit. If that still doesn't work look at getting a pre paid credit card to build credit. Bill payments on utilities are a great way to build credit.
When might one get an increase in their rate on their credit card account?
You can get an increase by paying your bill on time for at least 6 months, late payments can result in credit limit and credit score decreases. You can also lower your credit utilization.
What if you have a low credit score?
You need to stop spending so much and pay off your debts. Then get a credit card to a store with a low limit, buy something, and pay the bill immediately.
What was the first department store credit card?
John Wanamakers in Philadelphia, PA was the first department store to issue a credit card. Prior to that some stores offered 'open credit' to customers. They would pay the bill in full each month for what they bought. Wanamakers came up with the idea to issue a credit limit and credit card and allow customers to pay in full or over time, but not exceeding their credit limit.
What is a bill of credit?
A bill of credit is a bill issued by a state, on the mere faith and credit of the state, and designed to circulate as money.
What are the options available for individuals seeking medical bill consolidation loans?
Individuals seeking medical bill consolidation loans have several options available, including personal loans from banks or credit unions, medical credit cards, and specialized medical bill consolidation companies. It's important to compare interest rates, fees, and repayment terms before choosing a loan option.
What do banks do with secured credit cards?
Banks use secured credit cards to help people build or rebuild their credit. These cards require a security deposit, which acts as collateral in case the cardholder doesn't pay their bill. The bank may increase the credit limit over time as the cardholder demonstrates responsible credit behavior.
If you have the cash to pay off a large credit card debt how can you do it in such a way to maximize the benefit for your credit score?
If you have the cash to pay of the bill but want to improve your credit score don't pay off the credit card totally. What you would want todo is pay a sumlarge enoughto get you less than 50% of your limit then slowly pay of the rest of thebalance in the next 3-6 months. That way the credit card company does not stop reporting everytime a bill of credit is paid on time.If you pay off whole balances every month it will not help or hurt. However having a large credit card with over 50% of the limit used will keep your score from climbing quickly.
