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What is a credit hold?

Updated: 9/16/2023
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14y ago

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When a company won't extend credit to you for various reasons. Usually it is because you are behind on your payables/bills. Essentially, you are not allowed to buy on credit until the hold is off.

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14y ago
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Q: What is a credit hold?
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Where are credit banks situated?

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Why do restauraunts put a 20 percent hold on your credit card?

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