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What is the difference between a credit card hold and a charge?
A credit card hold is a temporary authorization of funds on a credit card, while a charge is the actual transaction where the funds are deducted from the card.
What is the maximum amount of money that a credit card can hold?
The maximum amount of money that a credit card can hold is determined by the credit limit set by the card issuer. This limit is based on the cardholder's creditworthiness and financial history.
What are the specifics of credit card debt settlement?
You should get a hold of a debt consolidator who will then go to bat for you with your credit card companies. They will work out a settlement that can be agreed upon by both the credit card company and yourself.
What happens if unsecured credit card debt is not paid?
It goes on the credit reports as a delinquencyAnswer:If you don't pay your credit card debt then to your creditor may take you to civil court and can get a judgment to hold your property. There are other penalty as well if you dont pay your credit card debt.
Can a credit card company hold you responsible for a credit card if no application contract or agreement of terms exists?
If a card was received and used by the named person then a contract is implied and there does not need to be a written, signed agreement.
