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A credit card company will take what money you can pay but don't get behind on payments because that just causes more problems. If you don't have enough money to pay the whole bill, then just pay what you can because a little bit is better then nothing.
No unless you are able to convince them why you can't pay the minimum due. Some are willing to work with you like your own bank credit cards. Others will not. I say that if they are not willing to work with you according to your budget, then sign up for debt management. I am sure there are credit counseling in your area.
What else can I help you with?
Can you get out of credit card debt?
Yes, you can. Simply pay the credit card company what they are owed, or have the debt written off.
Can credit card companies take money owed them from your company defined pension plan?
No.
Can a credit card company garnish wages in state of Texas for a balance less than 5000?
No. Texas does not allow creditor wage garnishment, regardless of the amount owed.
How is a credit card reflected on a balance sheet?
A credit card is reflected on a balance sheet as a liability, representing the amount owed to the credit card company. This is recorded under the "liabilities" section of the balance sheet.
Is The balance on a credit card is a liability?
Yes.... a credit card balance is money owed by the card-holder to the company. Therefore it is a liability.
Can you get out of credit card debt?
Yes, you can. Simply pay the credit card company what they are owed, or have the debt written off.
Can credit card companies take money owed them from your company defined pension plan?
No.
Can a credit card company garnish wages in state of Texas for a balance less than 5000?
No. Texas does not allow creditor wage garnishment, regardless of the amount owed.
How is a credit card reflected on a balance sheet?
A credit card is reflected on a balance sheet as a liability, representing the amount owed to the credit card company. This is recorded under the "liabilities" section of the balance sheet.
Is The balance on a credit card is a liability?
Yes.... a credit card balance is money owed by the card-holder to the company. Therefore it is a liability.
Does paying off high balance credit card help your credit?
Yes. Amounts owed accounts for about 30% of your credit score. Ideally your utilization rate should be 20% or less. Paying your credit card balance to 20% or less will improve your credit score.
Linda received a credit card through the mail The interest rate charged by the credit card company is 24.9 percent If she maintains an average balance of 2400 owed on the card how much will she have?
$597.60
Can a credit card company garnish your wages in California?
A credit card company can garnish you wages if they successfully sue for the owed funds in court. They cannot garnish wages before going through the court system.
Marty uses a credit card for only necessary purchases. The interest rate charged by the credit card company is 19.9 percent . If he maintains an average balance of 3500 owed?
696.50 (A+)
Is it possible to reduce debt loans ?
Unlike credit card debt, which can be settled for less than is owed, a conventional lender (bank, credit union) is not able to offer a payoff of an amount substantially less than what is owed. Credit card debt has interest added to the amount owed, and then more interest added to that (compounded). Bank loans generally are simple interest loans. Credit card companies and subsequent collection agencies that acquire the debt, are able to settle for as much as 40% percent of the amount owed, because the amount owed is accumulated interest and penalties. This is not the case with conventional loans.
Your husband is getting a garnishment on a credit card you just found out that your bank account has been frozen not from his garnishment but from a credit card that I have owed on. Is this legal?
I thought this was illegal. How is the credit card company that is garnishing his wages supposed to collect their money when our account is frozen?
How do you cancel a credit card for someone who died?
Send a letter to the credit card company. Include all the pertinent information about account numbers and addresses. A copy of your letter of authorization from the court should also be included. The credit card company will then file a claim against the estate for any balance owed.
