0
A lender can use a credit card in various different ways. They lender can issue the credit card and make money from the interest. The lender can also take credit card payments from the borrower.
Wiki User
∙ 10y ago
Add your answer:
Earn +20 pts
How can you pay your mortgage with a credit card?
You can usually open an online account at the lender's website and make arrangements to pay by a credit card. For more information contact your particular lender.
What is the meaning of available credit and available cash in credit card?
Available credit is the maximum amount your lender will let you use in total. Available cash is the amount your lender will let you use as a cash advance (e.g. pulling money from an ATM, not used for a purchase) and is usually a portion of the overall available credit.
What are the withdrawal limits on a Mastercard?
This varies by lender. The withdrawal limits are not set by Mastercard, but rather the actual lender for the card. To find out your limit, contact your credit card issuer.
Do revolving store accounts require signing a contract?
Yes. When applying for a store card (or a credit card), the signature on your application implies agreement to the contract between you and the lender if the decision to extend you credit is made. Also, if you use the card, there is language in the Terms and Conditions section (fine print, the contract) which states that your use of the card implies you will accept the contract.
To apply for a credit card you can use tomorrow?
credit card you can use tomorrow
How do banks create credit?
Credit is established when you apply for a loan or credit card with a lender.
How can you pay your mortgage with a credit card?
You can usually open an online account at the lender's website and make arrangements to pay by a credit card. For more information contact your particular lender.
How do credit card companies use a person's credit report...?
When a person applies for a car loan, mortgage or credit card, the lender determines if lending money to the consumer will be a risk. Credit scores are one way to help credit card companies make the decision to issue credit. To determine if that person should be given a loan or credit card (apex)
What is the meaning of available credit and available cash in credit card?
Available credit is the maximum amount your lender will let you use in total. Available cash is the amount your lender will let you use as a cash advance (e.g. pulling money from an ATM, not used for a purchase) and is usually a portion of the overall available credit.
What are the withdrawal limits on a Mastercard?
This varies by lender. The withdrawal limits are not set by Mastercard, but rather the actual lender for the card. To find out your limit, contact your credit card issuer.
Can 2500 credit card debt permit credit card co to take your car?
NO. Only a lender with a lien on your vehicle has the legal authority to repossess it.
Is it legal for a lender to sell your charged off debt to another lender?
Yes, it is a common practice especially when it relates to credit card debt.
Who are the largest lenders for people with bad credit?
CapitalOne is better known for their credit card products. They also are a large lender to people with subprime credit.
Do revolving store accounts require signing a contract?
Yes. When applying for a store card (or a credit card), the signature on your application implies agreement to the contract between you and the lender if the decision to extend you credit is made. Also, if you use the card, there is language in the Terms and Conditions section (fine print, the contract) which states that your use of the card implies you will accept the contract.
To apply for a credit card you can use tomorrow?
credit card you can use tomorrow
Do banks offer interest free credit cards?
Collecting interest is how a lender makes its money. While it is not in a bank's best interest to issue "interest free" credit cards, most do extend such offers for limited periods of time. For example, a lender might extend an offer for a card that is interest-free for 12 months. After that, the lender hopes the cardholder will keep and use the card though it would then have interest. So while you may be able to secure an interest-free card, it won't always be interest-free. The best way to avoid interest on a credit card is to pay it off each month.
Can you use a credit card if its frozen?
If you mean a credit freeze, then no, you will not be able to use the card.
