answersLogoWhite

0

💰

Credit

The procurement of money, goods and/or services in exchange for a pledge to repay the amount at a future date

10,683 Questions

What online stores can you shop with credit card and don't need the cvv i accidently washed my card?

ALL online sites require the cvv - it's a security feature to verify the card is real !... If you've washed your card - contact the company - you'll usually have a new card within 24-48 hours !

What would be best for customers who want to pay off the balance high interest credit card?

The best solution - would be a low-interest loan from a bank ! Bank interest rates are MUCH lower than credit cards.

Can I use it as a collateral for credit facilities?

Yes, most banks in Indonesia allow you to use the time deposit as a collateral for credit facilities or secured overdraft. Infact they offer great interest rates that can be extended automatically along with the principal.

Who will give a credit card to a 19 year old male with no credit history?

It depends on your country - and circumstances. In the UK, credit card companies will gladly welcome new customers - even at the minimum age of 18. So long as you're capable of making the monthly payments due - many card companies won't even look at your credit history.

How do credit cards influence credit scores?

If you use the card sensibly... by paying off any purchases quickly, and don't need to increase your limit (unless the card-issuers offers it) - using credit cards properly is a great way to boost your credit score. If you use it responsibly - it shows potential creditors that you are a trust-worthy prospect.

Where can I get free credit report India?

In India there are 4 bureaus CIBIL, Equifax, Experian and High Mark. All these bureaus have there respective charges and it ranges from Rs.300 to Rs.500. You need to pay anytime and everytime when you apply for your credit score.

Why pay when you can get a free credit score anytime and everytime by visiting freescoreindia website. You will get a detailed report about your credit rating.

Why to do a cibil score check?

To have a check on a cibil score periodically keeps you updated about your credit status. Its always good to know where you are standing financially. In case, if there are any discrepancies, you can raise a dispute there and then so that in future if you look out for a loan or a credit card your report is clear. You need to have a minimum score of 750 and if its above then you are a healthy customer for any lending institution. You can check your score for free by visiting freescoreindia website

What is difference beween a debit card and a credit card?

A debit card is issued by your bank, and when you use it, funds are withdrawn from your bank account thus reducing the money you have the bank. It's like writing a check.

When you use a credit card you are, in effect, borrowing money from some company or institution to pay for your purchase and must pay this money back at some time in the future. But, the amount of money you have in the bank is not affected.

What is the main advantage of credit?

The main advantage... is that you don't have to pay for your purchases immediately. The purpose of a credit card - is to allow the user to buy items, and defer payment to a later date - or spread the cost of the purchase over a period of time.

How do you determine your credit score if you have not established credit?

Over the internet, you can find many credit score calculators, fill in the details and get your score. You can also get in touch with your bank.

How can I build my credit with a score of 0?

First, credit scores don't go down to zero.

The only way to improve credit score is to obtain credit, use it wisely, pay it on schedule.

Does Intuit have a free credit card reader?

You can receive a free GoPayment credit card reader from Intuit by calling 877-580-3714. I was able to begin using merchant services at no cost or obligation.

What are the characteristics of a bank confirmation letter?

Letter contains management's authorisation to disclose the necessary information

Auditors examine evidencecavialable to support management explanations

Letters are snet by thethe auditor and customenrs are requested to repky directly to the auditor

The auditor selects the items for which they will request confirmation. If your organization has a valid reason to object to any of these selections, discuss this with your auditor before the confirmation process continues.

The auditor designs the confirmation requests and tailors them to specific audit objectives. The auditor will consider the type of request, prior experience, the nature of the information being confirmed, and the intended respondent of the confirmation letter.

The auditor communicates the confirmation request to the third party by sending out the audit confirmation letter. There are two types of confirmation letters: positive requests (asking the third party if they agree or disagree with the stated information, or to fill in the blanks) and negative requests (where the third party only has to reply if they disagree with the stated information).

The auditor obtains the response (if any) from the third party. If the third party fails to respond or responds with conflicting information, the auditor may ask your staff for clarification or pursue alternative confirmation procedures.

The auditor evaluates the information they received, including the reliability of that information and how it relates to the organization’s finances.

In general, audit evidence is most reliable when it is obtained from independent parties outside of the organization. That’s why audit confirmation letters are such a critical part of the audit process. If you have any questions or concerns regarding the audit confirmations, don’t hesitate to reach out to your audit firm.

Newer Post

How to Create a Cash Flow Projection

Older Post

From The Archives: What Is The Difference Between an Audit and a Review?

altruic-logo-1300x.png

Search

BLOG ARCHIVE

2021

2020

2019

2018

2017

2016

2015

2014

RECENT POSTS

SECOND ROUND OF PPP FUNDING - SBA APPLICATION RELEASED

Jan 19, 2021

ALL YOUR ACCOUNTANT WANTS FOR THE HOLIDAYS IS...

Dec 18, 2020

HOW TO COMMUNICATE WITH AN OUTSOURCED ACCOUNTANT

Dec 2, 2020

TESTING CONTROLS DURING A NONPROFIT AUDIT

Nov 11, 2020

FROM THE ARCHIVES: DIFFERENCES BETWEEN NONPROFIT AND FOR-PROFIT ACCOUNTING

Nov 6, 2020

BACK TO TOP

TOLL FREE 1-888-298-5297

ADMINISTRATIVE HEADQUARTERS: 4088 WASHTENAW AVE, ANN ARBOR, MI 48108

CLIENT PORTAL

CLIENT RESO

How do you get a new debit card?

Ask the company who issued the card! Debit cards are usually issued by a bank - for use with a deposit account.

Why do you need good credit when renting an apartment?

Because this serves as their gauge on how capable you are to pay the rental dues.

What are two types of credit a person can use and have?

people can have several credits, line of credit, credit cards and equity in their home to name a few.

Where is the security code on a credit card-?

A credit card's security code, generally a 3 digit number, is located on the opposite side of the card from the actual credit card number and expiry date. On my cards, the security code is a rather small number just to the right of where you sign your name.

How old do half to be to get a credit card?

You should be eighteen years and above. Most banks do not give credit cards to minors.