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A credit agreement that affects real estate can be terminated by paying off the balance and requesting a release/discharge from the lender that can be recorded in the land records. If the agreement doesn't affect real property then any balance must be paid off and the account should be closed.

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15y ago

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Is a credit card a verbal agreement?

No, it is not.


Do you have to pay a debt when the credit agreement has gone?

If by 'gone' you mean the agreement is missing than it may be deemed unenforceable and the debt can be cancelled by a court. This only applies in the UK as far as I am aware though.


What will not be found in your credit cards terms of agreement?

A recipe for how to cook scrambled egg will not be found in your credit card's terms of agreement. You may find this answer surprising, but it is a TRUE answer to the question you have asked. The problem is that when you ask a question in the negative ("what will not"), almost anything is a true answer and it is also impossible to tell what it was that you were actually wanting to know.


What is a revolving credit agreement?

A revolving credit agreement is a legal contract between a lender and a borrower whereby the lender agrees to lend up to a certain amount to the borrower for some period of time. The borrower agrees to make minimum periodic payments during the time that the revolving credit agreement is in force and pay off any balance due at the end of the contract period. Many revolving credit agreements automatically renew after the agreed period (unless the credit circumstances for the borrower have radically changed). An example of a revolving credit agreement is the credit card. A credit card has a credit limit ("up to a certain amount" or "maximum"), an expiration date ("some period of time") and minimum payment requirements ("minimum periodic payments"). Most credit card agreements are renewed before the original agreement (the card) expires.


Why does my interest payment fluctuate?

Your interest payment may fluctuate due to changes in the interest rate, the amount of principal you owe, or the terms of your loan or credit agreement.

Related Questions

Can a landlord charge back fees like HOA or pest remediation for the prior 14 months once a lease is terminated?

It may depend on how the lease was terminated but unless the charges are based on a previous agreement, the landlord cannot spring this on you.


Is a credit card a verbal agreement?

No, it is not.


How may an offer be terminated and What is the position relating to acceptance?

By giving the other party a month or less than a month's notice of your intention to cancel, depending on the conditions set out in the acceptance agreement.


How are partnership businesses terminated?

when partners agreement comes to an end. and also when government policies restricts their operation.


What is a time limitation of agreement?

If the agreement is properly drafted there should be a time of duration or performance set forth in the agreement. The agreement should clearly state the terms of the agreement, whatever is being agreed upon by the parties, and, it should set forth a dated by which the agreement should be fulfilled or terminated.


What if you have no job but good credit can you finance a car My husband works but has bad credit however he makes good money does his name have to go on the finance agreement?

If you have excellent credit they may not even ask for/about income.


Can servitude be terminated?

Yes, servitude can be terminated through various means such as completion of the agreed-upon service, expiration of a contract, mutual agreement between parties, or legal intervention if terms are violated. It is important to ensure that the termination is done in accordance with the terms of the agreement to avoid potential disputes.


Does Safilo make Ralph Lauren sunglasses?

Safilo terminated their agreement with Ralph Lauren as of 12/31/2006


Do you have to pay a debt when the credit agreement has gone?

If by 'gone' you mean the agreement is missing than it may be deemed unenforceable and the debt can be cancelled by a court. This only applies in the UK as far as I am aware though.


What is a limited times times a limited?

If the agreement is properly drafted there should be a time of duration or performance set forth in the agreement. The agreement should clearly state the terms of the agreement, whatever is being agreed upon by the parties, and, it should set forth a dated by which the agreement should be fulfilled or terminated.


Does filing a prenuptial agreement keep one spouse's bad credit from attaching to the other spouse?

A prenuptial agreement does not have any bearing on whether credit will be affected.


When was the british army told to leave Malta?

The British army left Malta in 1979 after the Maltese government terminated the agreement.

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