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Important financial tools used successfully by many are credit cards. It is true that some people have trouble managing their credit cards, but this may be from lack of knowledge about the best way to take advantage of using credit cards. This skill can be learned.
If you have an emergency, use of credit cards can help you obtain needed help when immediate payment is required. Credit cards are also a great tool to use for vacation travel, when you do not want to carry around a lot of cash. They are useful in building up a good to excellent credit history and score when used properly and payments are made on time. This credit history is needed when you want to make a major installment loan for a home or vehicle.
Credit cards are optional, and with careful management and timely payments, they can bring rewards of great convenience. Bad management can lead to bankruptcy. Never use credit cards for everyday expenses like food. If that occurs, it is time to find more income instead of using credit cards
What else can I help you with?
What age should one have to get an Icici credit card?
Someone can get an Icici credit card starting at age 18. Age should not be the main consideration when getting a credit card. Credit history and responsibility are important.
Can an authorized user assume control of a credit card?
Yes, an authorized user can make purchases with a credit card, but they do not have the legal responsibility to pay off the debt.
Can you transfer your credit card balance to another person's card?
No. That other person could, if they wanted to take responsibility for its repayment.
How many cosigners you can have on a credit CARD?
None, cause credit card companies are getting away from co-signers and joint accounts and having authorized shoppers instead. By having only authorized shoppers the full responsibility of the credit card is the Primary card holder.
What should you do if you have a lot of credit card debt then moved from the US to Europe and a credit card company starts to call you?
Pay off the debt. Pay the debts that you owe. Don't you feel responsibility for the debts that you incur?
What age should one have to get an Icici credit card?
Someone can get an Icici credit card starting at age 18. Age should not be the main consideration when getting a credit card. Credit history and responsibility are important.
Can my spouse be liable for my credit card dept?
Nope.... your debts are YOUR responsibility.
Can an authorized user assume control of a credit card?
Yes, an authorized user can make purchases with a credit card, but they do not have the legal responsibility to pay off the debt.
Can you transfer your credit card balance to another person's card?
No. That other person could, if they wanted to take responsibility for its repayment.
How many cosigners you can have on a credit CARD?
None, cause credit card companies are getting away from co-signers and joint accounts and having authorized shoppers instead. By having only authorized shoppers the full responsibility of the credit card is the Primary card holder.
Can my mom pay off my credit card with her credit card?
I suppose, although it's not the wisest of decisions. Perhaps you should take responsibility for your own problems, like an adult?
Why are you responsible for your spouses credit card debt after his death in the state of California?
The estate has primary responsibility. But the debts of a spouse are a benefit to both of them, so both have the responsibility.
Who is responsible for credit card debt after death in NJ?
The estate has the responsibility to settle all debts including credit cards. Once that is done, the remainder can be distributed.
What should you do if you have a lot of credit card debt then moved from the US to Europe and a credit card company starts to call you?
Pay off the debt. Pay the debts that you owe. Don't you feel responsibility for the debts that you incur?
What act protects consumers from unfair credit card?
The Credit Card Accountability Responsibility and Disclosure Act of 2009 (CARD Act) protects consumers from unfair credit card practices. It requires clearer disclosure of terms, restricts rate increases, and prohibits certain fees, ensuring that consumers are treated fairly by credit card issuers. The act also provides consumers with better tools to manage their credit card debt, including improved statements and the ability to opt out of certain changes. Overall, the CARD Act aims to promote transparency and accountability in the credit card industry.
Will the owners credit be impacted is an authorized user is added?
The owner and/or joint owner are solely responsible for the credit card. This includes everything from making payments, dealing with fraud, being reported to the credit bureaus, etc. If an authorized user abuses his/her credit spending, the responsibility still lies in the hands of the owner of the credit card.
What is an agreement to pay charges from a credit card company?
Basically the person is agreeing to terms stated and is accepting the responsibility to pay the amount the card issuer claims is due.
