Do I understand the Fair Credit Reporting Act correctly?

Posts Tagged ‘Credit Card Account’

Do I understand the Fair Credit Reporting Act correctly?

By Author on Saturday, July 16th, 2011 | 3 Comments

I have an old credit card account that was charged off, then sold to a new collector. After the federal reporting period has expired for the original credit grantor, all entries pertaining to that account must be removed, to include the entries submitted by the company that bought the bad debt. Is this correct? If [...]

How much will closing a credit card account affect my credit rating?

By Author on Wednesday, June 22nd, 2011 | 3 Comments

Despite a flawless payment history over the last 20 years, Citibank is raising my rate by 5%. I would easily give them the heave-ho, but I’ve heard that a long-standing credit card account has a positive effect on your credit rating. How big a hit would my credit rating take if I closed the Citibank [...]

What banks will let you use a credit card for the opening deposit when you open a savings account?

By Author on Saturday, May 14th, 2011 | 6 Comments

I want to open a savings account for about 0 and charge the opening deposit to a credit card. The credit card gets points, which would be good for a gift card if I had about 700 more. I want to close the credit card account, but only after I get enough points, to not [...]

My business wishes to have credit card autodebit facility for the customers. How to go about it?

By Author on Sunday, April 24th, 2011 | 1 Comment

Credit Card Autodebit – customer sign up an agreement form so that an amount is deducted from their credit card account for payment purpose. What authority I need to get approval from? What are the choices? Related Credit Card Sites

What happens when I pay off a credit card before a returned purchase has been credited back?

By Author on Thursday, April 21st, 2011 | 2 Comments

I bought a jacket last month with a credit card, immediately paid off the balance, as I always do, but have now decided to return the jacket for a refund. How will this be handled by the credit card, as my balance currently sits at {content}? Will the credit just sit there on the credit [...]

Credit Cards For Fair Credit

Posts Tagged ‘Credit Card Account’