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Did NCR Universal Credit Union become Universal 1 Credit Union?
Yes, NCR Universal Credit Union is now Universal 1 Credit Union. This occurred when AT&T completed a hostile takeover of NCR in the 90s.
Can a credit union account be frozen because of a judgment?
Yes
What do you do when your application for credit is rejected?
Try for another company.
Does fifth third bank check your credit before opening an account?
If you are opening a savings or checking account, the bank doesn't care about your credit because you won't be able to do anything unless you put money into the account. If you're applying for a credit account, of course they are going to look at your credit history to see if you will be likely to pay them back for what they loan you.
Why are unsecured credit cards easy to get?
Unsecured credit cards are easy to get because they have no restriction and anyone can get them. You do not need a good credit history or an account to get one.
Does the owners capital account normally has a debit or credit balance?
Credit because it is an equity account
Why equity account have a credit balance?
Because equity is an income - therefore it is a credit, not a debit.
Did NCR Universal Credit Union become Universal 1 Credit Union?
Yes, NCR Universal Credit Union is now Universal 1 Credit Union. This occurred when AT&T completed a hostile takeover of NCR in the 90s.
Can a credit union account be frozen because of a judgment?
Yes
Is a common stock account increased by credit?
Yes, credits increases the common stock because common stock has credit as a normal balance of account.
Is drawings account is a contra account?
Drawings account is a contra account because it reduces the owner's equity account's normal balance, a credit balance.
What do parentheses mean in a account balance?
That means that you have a credit on your account. So you don't have to pay anything to the credit card company because you paid too much, or you got a credit for something returned.
What kind of account for credit cards?
A credit account
What do you do when your application for credit is rejected?
Try for another company.
Does fifth third bank check your credit before opening an account?
If you are opening a savings or checking account, the bank doesn't care about your credit because you won't be able to do anything unless you put money into the account. If you're applying for a credit account, of course they are going to look at your credit history to see if you will be likely to pay them back for what they loan you.
Why are unsecured credit cards easy to get?
Unsecured credit cards are easy to get because they have no restriction and anyone can get them. You do not need a good credit history or an account to get one.
What is the difference between debit account and credit account?
There are two main differences that stand out between a Debit Account and a Credit Account, those are;A Debit Account always maintains a Debit Balance, meaning the account increases with a Debit to that account and decreases with a Credit to that account. These are generally Asset Accounts.A Credit Account is just the opposite, A Credit Account maintains a Credit Balance, meaning that the account increases with a Credit and decreases with a Debit, these accounts are usually used for Liabilities and Owners Equity (Stockholders Equity).
