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Credit

The procurement of money, goods and/or services in exchange for a pledge to repay the amount at a future date

500 Questions

What happens in GA if you are put in nursing home and no longer can pay your credit card the agency is saying it will be turned over to an attorney because several charges were made in the last year?

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Asked by Wiki User

If you are unable to pay your credit card bills while in a nursing home in Georgia, the credit card agency may pursue legal action against you for non-payment. This could involve the debt being turned over to a collection agency or an attorney for further action. It's important to be proactive in communicating your situation with the credit card agency and seek advice from a legal professional if needed.

Who is responsible for grandmother's credit card debt?

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Asked by Wiki User

The responsibility for your grandmother's credit card debt typically falls on her estate after she passes away. If there are insufficient funds in the estate to cover the debt, the creditors may not be able to collect. It's advised to consult with a legal professional to understand the specific implications in this situation.

What is the required age to get a Debit card?

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Asked by Wiki User

Typically, you need to be at least 18 years old to get a debit card on your own. Some banks may offer joint accounts with a parent or guardian for individuals under 18 to have a debit card.

What is a district credit plan?

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Asked by Wiki User

A district credit plan is a strategy developed by a local governing body or district to manage its financial resources. It outlines how the district will borrow money, repay debt, and budget for projects or expenses while maintaining fiscal responsibility. This plan helps ensure that the district's financial decisions are sound and sustainable.

Who is responsible for your parent's credit card debts if they are in an assisted living facility and there is no money to pay the debts?

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Asked by Wiki User

Generally, children are not responsible for their parent's credit card debts unless they are joint account holders or cosigners. If the parent is unable to pay their debts due to being in an assisted living facility with no funds, the credit card company may have to write off the debt as uncollectible. It's advisable to consult with a legal professional to understand the specific laws and implications in your region.

Will a credit card company consider an elderly borrower's advanced age when deciding whether to sue over credit card debt?

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Asked by Wiki User

Credit card companies typically consider various factors when deciding to sue for credit card debt, such as the amount owed and the borrower's ability to repay. While age may not be a determining factor on its own, the borrower's overall financial situation and assets may influence the company's decision. It's important for elderly borrowers facing difficulty with credit card debt to seek financial advice and explore options for managing their debt.

What happens to credit card debt for someone in a nursing home?

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Asked by Wiki User

If a person is in a nursing home and unable to make payments on their credit card debt, the debt typically remains their responsibility. The credit card company may work with the individual, their family, or their power of attorney to establish a repayment plan or negotiate a settlement. In some cases, if the individual has no assets, the debt may be written off by the credit card company.

Can an 82 year old with Alzhiemers be taken to court if she does not pay a credit card debt which is over 4 year old?

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Asked by Wiki User

It is possible for an 82-year-old with Alzheimer's to be taken to court for unpaid credit card debt. The court would need to determine the individual's mental capacity to handle their finances and legal matters. It is advised to seek legal assistance to navigate this situation.

What can a credit card company do against a debtor if they were recently diagnosed senile and have no assets and live with a caregiver?

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Asked by Wiki User

If the debtor has no assets and is incapacitated due to a medical diagnosis, the credit card company may have limited options for recourse. They can try to negotiate a settlement with the caregiver or consider writing off the debt as uncollectible. Legal action may not be a viable option in this situation.

What does holl crd mean on your credit report?

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Asked by Wiki User

"Holl crd" is likely an abbreviation for "Hollywood Credit," which is a type of credit account associated with an entertainment industry organization or company. It represents a line of credit extended to you by a business in the entertainment sector and should be listed on your credit report along with other credit accounts.

Why credit called cr?

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Asked by Wiki User

The term "credit" originates from the Latin word "credere," meaning "to believe" or "to trust." It reflects the trust a lender places in a borrower to repay funds borrowed. The abbreviation "cr" used in accounting may stand for "credit," representing increases on the right side of an account.

Is stealing a credit card a crime or a tort?

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Asked by Wiki User

Stealing a credit card is considered a crime because it involves unlawfully taking someone else's property with the intent to use it fraudulently. It is a criminal offense that can result in legal consequences, such as criminal charges and potential imprisonment.

What are your charges for stealing a credit card?

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Asked by Wiki User

I am a digital assistant and cannot press charges. However, the consequences for stealing a credit card can include criminal charges, fines, and potentially imprisonment depending on the severity of the crime and jurisdiction. It is important to always abide by the law and not engage in illegal activities.

Will i go to jail if i give out someone's credit card information online and someone else uses it?

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Asked by Wiki User

Yes, sharing someone's credit card information online with the intention of it being used by someone else is illegal and can result in criminal charges. It is considered fraud and can lead to serious consequences, including jail time. It's important to always respect and protect other people's private information.

Was anyone caught for using someone else credit card?

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Asked by Wiki User

Yes, individuals have been caught and prosecuted for using someone else's credit card without permission. This activity is considered credit card fraud and is a criminal offense punishable by law. It is important to always obtain proper authorization before using someone else's credit card to avoid legal consequences.

Can you go to jail for taking someones credit card but not using it?

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Asked by Wiki User

Yes, taking someone's credit card without their permission is considered theft, regardless of whether you use it. Depending on the circumstances and laws in the jurisdiction, you could potentially face criminal charges and go to jail for theft or credit card fraud.

Would credit card fraud be considered a white collar crime?

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Asked by Wiki User

Yes, credit card fraud is often considered a white collar crime. White collar crimes typically involve deceit, manipulation, or breach of trust, which aligns with the actions of someone committing credit card fraud for financial gain.

Do felonies show on credit history report?

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Asked by Wiki User

No, felonies do not appear on credit reports. Credit reports typically include information on credit accounts, payment history, and public records related to financial matters such as bankruptcies or tax liens. Felonies are criminal matters and are not part of credit reports.

What are the punishment if you use someone Else's debit card?

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Asked by Wiki User

Using someone else's debit card without their permission is considered identity theft and fraud, which are criminal offenses. Penalties can include fines, imprisonment, and a criminal record. It is important to always obtain permission before using someone else's financial information to avoid legal consequences.

What should you do if someone stole your identity?

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Asked by Wiki User

If someone has stolen your identity, you should first contact your local police department to file a report. Next, notify your bank, credit card companies, and any other financial institutions to report the theft. Finally, consider placing a fraud alert on your credit report and monitoring your accounts closely for any unauthorized activity.

Is credit card card abuse a felony in Texas?

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Asked by Wiki User

Yes, credit card abuse in Texas can be charged as a felony depending on the circumstances. If the offense involves elderly individuals or public servants, it is more likely to be charged as a felony. The severity of the offense and the amount of money involved also play a role in determining the level of the charge.

Can you go to jail for staling a dead mans credit card?

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Asked by Wiki User

Yes, using a dead person's credit card without authorization is considered fraud and can lead to criminal charges. Depending on the circumstances and the amount of money involved, the penalty could range from fines to imprisonment. It is important to always obtain proper authorization before using someone else's financial information.

A corrupt individual stealing credit card numbers to make fraudulent purchases is an example of information theft?

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Asked by Wiki User

Yes, the act of stealing credit card numbers to carry out unauthorized transactions is a form of information theft. This illegal activity can lead to financial loss and compromise the personal and financial security of individuals whose information is stolen. It is crucial to take preventive measures, such as safeguarding personal information and monitoring financial statements regularly, to mitigate the risks associated with information theft.

What is the punishment for stealing a debit card and using it when I just turned 18?

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Asked by Wiki User

The punishment for stealing a debit card and using it without authorization can vary depending on the laws in your jurisdiction. However, it is generally considered a serious offense and may result in criminal charges, fines, and potential jail time. It is important to seek legal advice and guidance to understand your specific situation.

What type of crime is credit card theft?

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Asked by Luthetis

Credit card theft is a form of identity theft and is considered a serious criminal offense. It involves stealing another individual's credit card information with the intent to make unauthorized purchases or transactions, which can result in financial loss and potential damage to the victim's credit history. Perpetrators can face criminal charges and legal consequences for committing credit card theft.