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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

Does a credit card code have 16 digits?

no its the last 4 digits on the front and back of the card

Why did SCDOR issue your refund as a debit card when you wanted a check?

SCDOR is issuing taxpayer refunds in the form of a prepaid debit card this year in place of a paper check. If the taxpayer prefers to have a paper check, on their tax return they may choose to receive a paper check or may choose to direct deposit their refund, if filing electronically.

How do credit cards affect an individuals credit history?

Credit Cards greatly impact a credit score. In fact, 30% of your credit score is determined by how well you use credit cards. (Utilization Rate). You want to keep your Utilization rate at 20% or less of the credit limit.

Do credit card companies have the right to sue?

Well, the answer is yes, in general. Any company or any person can sue any other company or person for any reason. If what you mean is can a credit card company sue a person for unpaid debt, yes, they can, and they will probably win unless you file bankruptcy or seek some other type of payment agreement.

What was the average credit card debt per household in 2010?

The record high 'per-household' credit debt in America was in June of 2008, when it reached $18,596. After that it dipped until 2010, when it started holding constant. In June of 2010, it had subsided to around $15,700 per household, and then down to $15,069 in December 2010.

Since then, it has not fluctuated much. Current figures put 'per-household' debt at $15,166, but of course, this number changes daily.

Unfortunately, it is the lowest income households that have the most credit card debt, and this trend seems to be gaining momentum constantly. It will only be when the American public decides, as a whole, that credit cards are not the solution, and chooses to explore other means of paying for their daily necessities.

How do you pay a credit card bill and can I pay credit card bill with credit card?

Yes, you will be able to pay one credit card bill with another credit card. There are

a couple of different ways to do this:

1. Balance transfer - There are credit cards that would let you transfer some of the the balance from one card to another. The interest for this transfer is usually lesser on the transferred balance.

2. Using Credit Card Checks - You can also use the checks that come with some credit cards. All you've got to do is write a check for the amount due. This transaction does not carry any additional charges along with it.

3. Cash Advance - There is also a possibility of getting a cash advance from a credit card and this can be deposited into your savings account or even used to pay the bill of another credit card.

Why do you think the store insists you use the dealer credit card plan instead of your own credit card?

Many places have their own credit cards or loans, because they get profits for signing customers up. I work at a retail store and we get $32 of profit for every approved credit card application we get. Also when you use your credit card at any retailer they have to pay a small percentage to the bank the card is through, ex. Visa, HSBC or Discover. Which is also why you get rewards for using your credit card or for running your debit card as credit.

What are the three credit bureaus that are often used to check credit history and visually demonstrate how they rate credit scores?

Experian, Equifax, and TransUnion.

They all use the following means to calculate a credit score:

»Payment History 35%»Amounts Owed 29.5%»Length of Credit 15%»Credit Variance 10%»New Credit 10%»Personal Information Variances 0. 5%

What can you do to stop being scammed by justanswer - do you have to change your credit card details?

Best thing to do is not give them your credit details in the first place . If you already have go to your credit company and ask them for a new card . It's the only way you will stop them making unauthorised withdrawals .

Can you pay your credit card by installment?

student citi mastercard or visa, very easy, stenudt discover, a little harder, stenudt amex, two to three years of great credit. search stenudt credit cards on google, just make sure there is no annual fee, and that it comes from a major bank, not a two bit blood sucking leach of a company.

Will nonpayment by a credit card holder effect credit rating of authorized user on account?

NO. Only the primary and/or joint owners are responsible for paying the owed balance, even if all charges were accrued by an authorized user. They are also the only ones 1) held accountable if the bill is not paid and 2) whos credit rating is affected.

What is the numerical range for bad credit scores?

Company

Score Type

Score Range

FICO Fair Isaac Co.

FICO Score*

300-850

Equifax

ScorePower Score

300-850

Experian

PLUS Score

330-830

Experian

Vantage Score

501-990

TransUnion

TransRisk Score

400-925

*FICO has more than one formula for determining a credit score.

Can you reapply from same credit card company after defaulting for more than seven years?

Hi Dear.

your new alfursan id number is 15025975 which is converted from ur old id no. 00568407 ok

Remember in ur prayers.

bye

Can you get a reduction on your credit card balance?

It depends. Generally speaking, you can't just call a credit card company and ask them to reduce your balance (more correctly, you can call and ask, but they won't normally do it). However, if you get very far behind in your payments, some credit card companies will make arrangements to lower your balance and some won't.

What is the appropriate age to get a credit card?

This is a matter of opinion. 2 points to remember are:-

1) They should be only issued to a person who is earning and thus able to pay the debt back.

2) It is easy for the debt will spiral out of control if you only pay the minimum amount.

Personally I wouldn't bother with them.