You are because you incurred the debt.
According to the "Fair Credit reporting Act" the bank institution itself is responsible for creating a corresponding credit report for free. All one has to do is to contact the bank regarding this issue.
If you close your bank account, your credit card account will typically remain open and unaffected. However, you will still be responsible for making payments on your credit card balance as usual.
"Cr Crd Pmt" on a bank statement typically stands for "Credit Card Payment." It indicates a transaction where a payment has been made toward a credit card balance. This entry reflects a reduction in the outstanding balance of the credit card account and may appear when you make a payment from your bank account to your credit card issuer.
Yes it should, but don't leave it up to the CRA, get a letter from the BANK and send copy to CRA and they should remove the negative entry, if not ask the bank to update to the CRA to delete the trade line
Normally bank accounts are not affected by adverse credit. If they are, there should not be a higher fee connected to them unless a loan is involved. Normally bank accounts are not affected by adverse credit. If they are, there should not be a higher fee connected to them unless a loan is involved. Absolutely NOT yes i have maybe 400000 dsh in my acunt NO, UNLESS A LOAN IS OUTSTANDING.
The person who carried the card is still responsible for the debt.
[Debit] Outstanding expenses [Credit] Cash / bank
[Debit] Accrued salary payable [Credit] Cash / bank
Yes, if the loan is at the bank where the debit card was issued.
Letters of Credit outstanding - this account arises out of the issuance of letters of credit for which the bank obligates itself to pay or guarantee payment. The bank has a right of recourse against the customer whose credit it substitutes. Acceptance outstanding - this is similar to the account letters of credit outstanding except that it makes the bank's obligation more real than contingent. the bank will honor the drafts presented to it and will also have the right of recourse against the customer. The acceptance makes the instrument easily negotiable and more acceptable for discounting. source: Banking theory and practice by: Mercedes M. Leuterio & Consuelo B. Estepa
Bank's Insurance company
You can go to your local Chase bank and talk with a bank representative about applying for Visa credit. You can achieve this one of two ways: Open a checking or savings account, and receive a Visa Debit card, or apply for a Visa credit card, which can be trickier. Banks, especially chase, are selective about who can receive credit, for one, you must have an outstanding credit score...by outstanding, I mean 700+.
Usually, yes. It depends on whether the bank can realise enough from the sale to cover the outstanding debt. If they can't, it depends whether that particular bank reprts to the Credit Reference Agencies.
According to the "Fair Credit reporting Act" the bank institution itself is responsible for creating a corresponding credit report for free. All one has to do is to contact the bank regarding this issue.
If you close your bank account, your credit card account will typically remain open and unaffected. However, you will still be responsible for making payments on your credit card balance as usual.
Your abaility to obtain a loan from a bank is generally based on your credit score and what type of loan you would like to get. Generally, if you have a cosigner that has a good credit report you should be able to get a loan.
"Cr Crd Pmt" on a bank statement typically stands for "Credit Card Payment." It indicates a transaction where a payment has been made toward a credit card balance. This entry reflects a reduction in the outstanding balance of the credit card account and may appear when you make a payment from your bank account to your credit card issuer.