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Who do I owe money to credit card or bank if I get a credit card?
Wiki User
∙ 8y ago
You owe the money to the credit card company. Some credit card companies are part of banks or they allow their credit cards to be used through a bank, but they are specific entities in their own right.
Wiki User
∙ 8y ago
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Can your bank take money from your account to pay a credit card they issued?
Yes. You owe them and they will take the money. Plus, charge you an extra fee for doing it.
What is the difference between credit and debt?
credit is money and dept is where you owe someone or the bank alot of money did this help you?
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
What is a credit card balance?
It is the balance on your account, indicating either how much money you owe or if you have some money in the account.
How to understand the easiest way the difference between debit and credit?
Using your debit card takes money you already have, directly out of your bank account. It works as an instant check, if you have no money in your account, you cannot buy with your debit card. A credit card uses money from the company that gave you the card to pay for purchases. You must pay this back to the company at the end of the month, or they will charge you interest on the money you owe them.
If you owe a bank money for a credit card will they cash a check?
Yes sometimes
Can credit card debt be levied from an personal bank accounts in Texas?
Credit card companies can not do that. To get the money you owe when you have decided not to pay, they must win a judgment first. The court has the ability to force you to pay the money you owe or jail you for contempt. if you have the abilitry to pay what you owe, you should do so.
Can your bank take money from your account to pay a credit card they issued?
Yes. You owe them and they will take the money. Plus, charge you an extra fee for doing it.
What is the difference between credit and debt?
credit is money and dept is where you owe someone or the bank alot of money did this help you?
Why do funds paid into your bank account appear as credit entries on your bank statement?
The funds are a credit to the bank that is issuing the statement. They "owe" you the money, therefore the credit.
What does it mean when a credit card company charges your account off?
that probably means you've used up all the money on your account. or your in the negative, which means you owe the bank money
You are 82 years old your house and car are paid for older home and 2001 car but you have a lot of credit card debt Can you file for bankruptcy just for your credit cards?
You file bankruptcy on all debts you owe. If you only owe money on credit cards you can file on them. Otherwise, if you owe money to a doctor, hospital, bank or other place you have to list them.
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
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?
If you buy materials to build your home on a credit card can they take your home?
Paying with a credit card, or lending money from the bank and paying cash, or having them send an invoice doesn't matter. Eventually the cost must be payed, and if it isn't the business you owe money can have your house seized and sold so that they get their money back, regardless whether you used a credit card for it or not.
Do department store credit card accounts get reported to credit reporting agencies?
Yes! Of course they do! Store credit cards don't really come from the store. The money is usually borrowed from some bank. SEARS for example, deals with Citibank. So, if I owe $500.00 on my SEARS credit card, I have to pay it back to Citibank, not to the store.Only if the card has a credit bank logo example, Visa logo, Mastercard.
On your credit card statement what is the outstanding balance?
Past due amount of money you owe.
