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What is the difference between a debt card and a credit card?
The diffference between a debt card and a credit card is ,in a debt card it's money from your account .In a credit card is when you borrow money from the bank.
Is an additional credit card holder liable for the whole debt on the credit card account?
ia an additional credit card holder liable for the whole debt of the credit card account
Can a credit card company freeze your bank account after a garnishment is ordered even if your credit card was not with that bank?
Yes, that is the way a garnishment works. When the credit card company sues you for non-payment of debt, they win a judgment. The judgment can be a garnish on your paycheck or your bank account. It makes no difference who you have a bank account with if they were awarded the garnishment by court.
Who is responsible for outstanding credit card debt if bank cancels your credit card?
You are because you incurred the debt.
Is a debit card another name for credit card?
No Debit card takes money straight away from bank account. Credit card makes a debt on card company, not your bank - then later the bank (or person) pays card company, plus interest sometimes.
What is the difference between a debt card and a credit card?
The diffference between a debt card and a credit card is ,in a debt card it's money from your account .In a credit card is when you borrow money from the bank.
Is an additional credit card holder liable for the whole debt on the credit card account?
ia an additional credit card holder liable for the whole debt of the credit card account
Can a credit card company freeze your bank account after a garnishment is ordered even if your credit card was not with that bank?
Yes, that is the way a garnishment works. When the credit card company sues you for non-payment of debt, they win a judgment. The judgment can be a garnish on your paycheck or your bank account. It makes no difference who you have a bank account with if they were awarded the garnishment by court.
Seize bank account for credit card debt?
If your bank account has been seized because of a debt you owe, you should call and work out a payment arrangement with the creditor. You should also start a new bank account.
If someone dies with 10K in credit card debt and has bank account does the credit card company get the money?
Yes, they are a creditor that can make a claim on your estate.
How do you make a debt on doodle god?
Bank + Money = Debt Money+ House = Bank Gold + Paper= Money
Who is responsible for outstanding credit card debt if bank cancels your credit card?
You are because you incurred the debt.
Is a debit card another name for credit card?
No Debit card takes money straight away from bank account. Credit card makes a debt on card company, not your bank - then later the bank (or person) pays card company, plus interest sometimes.
What Is A Debt Card?
A small card with which money is automatically deducted from the bank account of the cardholder to pay for the goods or services of the bank account owner.It differs from a credit card with which authorizes the person named on it to charge goods or services to his or her account.
What happens to credit card debt if a bank fails?
If a bank fails, credit card debt is typically still owed by the cardholder to the bank or to a new entity that acquires the debt. The debt does not disappear just because the bank fails.
Is a credit card the same as a debt card?
the debit is your own money from your account and the credit account is borrowed
You know that a bank can take money from one's account if they owe on a credit card but can that bank withdraw funds from a different bank's checking or savings account to pay off said credit card?
If the accounts are held by the same customer - then yes ! The alternate account is an asset - and can be plundered to pay off your debt
