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Many credit card issuers will either close the account or reduce the amount of available credit if a card is not used once in a while. The preferred frequency of usage is often arbitrary. However, using a card occasionally and then paying it off right away--within a day or two--would usually avoid any interest and keep the account alive.
If one already has an account, the available credit helps to improve one's credit score. Therefore, it is important to keep the account alive.
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If you did not pay your credit card what happens?
the credit card company sends people to get their money i would want to pay them.
What happens if credit card dues are not paid n credit card company sues you?
they will take your money and repossess your belongings
What happens when you overpay on your credit card?
The overpayment will sit on your credit card account until youeither use your card to pay for items and use up the overpayment or you claim it back from the credit card company.
Can business credit card debt affect my personal credit card balance?
A business credit card debt can affect someone's personal credit card rating. A credit report for an individual is processed by activity of one's overall credit. This means that having debt for a business credit card can hurt a person's chances of receiving lower interest for a home finance loan.
What happens when you over pay on a credit card?
When you over pay a credit card, you have then a "credit balance." This means, in essense, the credit card company owes you money. You can either have them send you a check to pay off the difference, or the credit balance will be eliminated when/if you use your card again.
Do you know how to get a credit card if you don't have good credit?
One of the best ways to rebuild your credit is to get a prepaid credit card. You will have a credit limit of the amount that you have chosen to place on the card. They report the payments to the credit bureau and some will even upgrade you to a regular credit card after a year of activity.
Dispute Fraudulent Credit Card Transaction?
Get StartedThis letter provides notice to the credit card company that there is unauthorized activity on your card and that you should not be held responsible for those charges. Under the Fair Credit Billing Act you should contact the credit card company within sixty (60) days of receiving the statement with the unauthorized activity. There may be other important information in the "fine print" on your statement that explains procedures that you should follow.When you receive a credit card statement you should carefully review it for possible errors or fraudulent activity. If there are charges on the credit card that were not authorized, then you should dispute them by sending this letter to the credit card company.
If you did not pay your credit card what happens?
the credit card company sends people to get their money i would want to pay them.
What happens when the credit card on file with a company you owe money to is invalid?
They say that I am in contract to pay for everything. They have my credit card and that's it. What can happen if the credit card on file is invalid?
What happens if credit card dues are not paid n credit card company sues you?
they will take your money and repossess your belongings
What happens when you overpay on your credit card?
The overpayment will sit on your credit card account until youeither use your card to pay for items and use up the overpayment or you claim it back from the credit card company.
What is protection company monitors your credit card activity and protects you SSN?
LifeLock is an ID protection company that monitors your credit card activity and protects your SSN. If you have had your identity compromised then the credit bureaus can offer you a limited, free service through them for one year.
Can business credit card debt affect my personal credit card balance?
A business credit card debt can affect someone's personal credit card rating. A credit report for an individual is processed by activity of one's overall credit. This means that having debt for a business credit card can hurt a person's chances of receiving lower interest for a home finance loan.
What happens when you buy something using a credit card?
the credit card issuer pays the store
What do you do when you lose your credit card?
Call the bank, and cancel that card before anything happens
What happens when you over pay on a credit card?
When you over pay a credit card, you have then a "credit balance." This means, in essense, the credit card company owes you money. You can either have them send you a check to pay off the difference, or the credit balance will be eliminated when/if you use your card again.
What happens if i find a credit card and use it?
you go to jail
