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Do Credit Card Companies Verify Income? | Pocketsense

Do Credit Card Companies Verify Income?

By: Ciaran John

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When you apply for a credit card, your lender bases the approval decision on your ability to repay the debt. Lenders check your credit report to see if you have satisfactorily repaid loans and credit cards in the past. Lenders also take your income into account to see if you can actually afford to take on more debt. Every...

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Do Credit Card Settlements Affect Your Tax Returns ...

Do Credit Card Settlements Affect Your Tax Returns?

By: Steve Lander

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Settling your credit card can be a way to get out of debt and save money. If you end up unable to pay your credit card bills and they sit long enough, the credit card company or the collector that assumed your debt from the creditor might be willing to take what it can get, even if it's less than what you owe in...

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How to Dispute a Bank of America Credit Card Late-Payment Fee

How to Dispute a Bank of America Credit Card Late-Payment Fee

By: Barb Nefer

Reviewed by: Alicia Bodine, Certified Ramsey Solutions Master Financial Coach

Updated October 25, 2018

Reviewed by: Alicia Bodine, Certified Ramsey Solutions Master Financial Coach

Updated October 25, 2018

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Bank of America (BOA) states that you may be charged a late-payment fee on your credit card account...

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How to Negotiate Credit Card Debt of the Deceased ...

How to Negotiate Credit Card Debt of the Deceased

By: Mack Mitzsheva

Reviewed by: Alicia Bodine, Certified Ramsey Solutions Master Financial Coach

Updated October 27, 2018

Reviewed by: Alicia Bodine, Certified Ramsey Solutions Master Financial Coach

Updated October 27, 2018

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An executor is the person named in the will of the deceased who has the responsibility of overseeing the...

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How to Dispose of Credit Card Receipts | Pocketsense

These receipts may bear your name and a portion of your credit card number -- usually the last four digits. Although you may want to keep receipts until you get your credit card statement for verification purposes, you should dispose of them properly when they're no longer useful rather than tossing them in the garbage can.

Merchant Requirements

Merchants are required to protect consumer...

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What Is Statute of Limitations for Ohio Credit Card Debt ...

A statute of limitations for the cancellation of credit card debt exists in every state. In Ohio, this time period can span from six to 15 years. The State of Ohio Statute 2305.07 sets a six-year limit on "open ended" accounts. Statute 2305.06 allows for up to 15 years. The length of time is totally up to the discretion of the credit card company and their assigned lawyers and collectors in...

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The Texas Statute of Limitations on Credit Card Debt ...

The Texas Statute of Limitations on Credit Card Debt

By: Amy Francisco

credit card image by jimcox40 from Fotolia.com

By: Amy Francisco

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As of 2010, the statute of limitations on credit card debt in Texas is four years. That law was established in 1985 by the Texas Legislature. This means that creditors and debt collectors have up to four years after someone in Texas doesn't pay...

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What Are the Penalties for Credit Card Theft? | Pocketsense

Credit card theft is a serious crime that costs credit card companies millions of dollars every year. These companies typically past the costs onto consumers in the form of added fees and increased interest rates. Because the societal cost of credit card theft is so high, both consumers whose cards are stolen and credit card companies have an interest in prosecuting credit card theft cases, and...

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What Happens If I Do Not Pay My Unsecured Debt ...

Before you bail on your credit card debt or medical bills, it's important to look at the big financial picture.

Impact on Credit

If you're not making regular payments to your unsecured debt, your creditor will most likely report it to the major credit bureaus. Having multiple late or missed payments on your credit report can cause your score to drop, which can make it difficult for you to get...

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How to Negotiate a Debt Settlement On Your Own | Pocketsense

How to Negotiate a Debt Settlement On Your Own

By: Contributor

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Debt settlement has become an increasingly popular way to deal with unpaid debt. Many companies will offer to help you for a fee, however, it is possible to negotiate your own debt settlement if you know how.

First, you will need to get your hands on a copy of your credit report. You will want to get copies from the...

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