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Credit Control is a mechanism by which customer is infromed about the threshold value of his usage. The threshold limit is known as Credit limit. When customer usage exceed the predefined credit limit appropriate action for informing the customer balance is done.
For eg: Customer having a credit Limit of $100, will be informed on 80% of usage by a mean of SMS , on reaching threshold of 90% might be informed by mean of a remainder call etc and when 100% credit limit has been reached, then Out going might be barred..
What else can I help you with?
How can you get free telecom credit if ive already registered online?
To get free telecom credit after registering online, check if your telecom provider offers promotional campaigns or referral programs. Often, you can earn credits by inviting friends to join the service or participating in surveys and feedback programs. Additionally, keep an eye on social media promotions and special events that might provide opportunities for free credits. Always ensure to read the terms and conditions associated with any offer.
What is credit vetting?
Credit Vetting is asserting the credit worthiness of the client or agent in terms of financials. Credit Vetting is asserting the credit worthiness of the client or agent in terms of financials.
Match each of the credit card terms?
Matching credit card terms is often found on a finance test. Common credit card terms include annual fee, credit line, grace period, and introductory rate.
What protect credit card users' rights and how their information is gathered and used?
Credit card users' rights are primarily protected by regulations such as the Fair Credit Billing Act (FCBA) and the Truth in Lending Act (TILA), which ensure fair practices in billing and transparency in lending terms. Financial institutions must inform users about how their information is collected, used, and shared, typically through privacy policies. These policies outline data usage for purposes such as fraud prevention, marketing, and creditworthiness assessments. Users have the right to dispute unauthorized charges and access their credit reports, which helps safeguard their financial information.
What is the new name for credit control services?
The new name for credit control services is often referred to as "accounts receivable management" or "credit management services." This shift reflects a broader focus on managing the entire process of credit from assessment to collection, emphasizing efficiency and customer relationships. Companies may also use terms like "debt collection services" or "credit recovery solutions" to describe these services.
In terms of medical billing how is an account number different from a medical record number?
account number is the billing number and medical record number is the patients id number
What is difference between telecom and datacom?
In generic terms, Telecom is communication of voice from the sender to receiver with the help of hardware and softwares. Datacom, is transfer of non voice (ie, data) from the sender to receiver with the help of hardware and software
What are the terms and condition of a Barclays Bank Credit Card?
The terms and conditions of a Barclay Bank Credit Card vary depending on which credit card but they all have general terms. They are also extremely long and extensive. One of the main terms is one need to pay off the balance of the credit or interest will be incurred.
Why is it unwise to pay minimum credit on your credit card?
Paying only the minimum due on your credit card balance maximizes the amount of interest you will pay to the credit card company. This is why it is better to pay as much of your balance as you can each billing cycle - it saves you money by reducing the amount of interest you pay. Also, depending on the terms of your credit card agreement, paying the minimum can actually make your principal balance increase. The minimum payment may not cover the amount of interest due.
What is a credit guarantee?
An agreement in terms of which a person undertakes or promises to satisfy upon demand any obligation of another consumer in terms of a credit facility or credit transaction.
Can you use your credit card for foreign currencies and is there any extra charge to this?
You can use your credit card to charge items that are priced in different currencies. Most consumers who travel overseas do this. The exchange rate is factored, according to the contractual terms on your account, and your billing statement then shows the charge in U.S. Dollars. Whether or not there is an additional charge would depend upon the fine print in your contract. Contact your credit card company for the specifics.
What does DND credit terms mean?
Do not disclose.
