Archive for June, 2010

Tuesday, June 29th, 2010

when you sign a credit card agreement does it mean you have the card?

dollphin asked: i signed a credit card agreement and it said i have been accepted with capital one.how long should it take to get the card and does it mean i will.

Tuesday, June 29th, 2010

Can he take the property I am paying for on credit agreement?

leanne1234z asked: Last year, I entered into a credit agreement for household items. I paid £1000 deposit on a £2500 purchase. Since then, divorce proceedings have been ongoing, and we are almost there…however, I need to know if he can lawfully remove this furniture from the house (which I have bought off him). [...]

Tuesday, June 29th, 2010

Credit Agreement from a Car Finance company?

Jennypenny asked: I have noticed that I have a Credit agreement for my car which has been signed by me but not signed by the company? Is it still binding?

Tuesday, June 29th, 2010

If a credit card company sends you a ammendment to your credit card agreement, can you reject the new terms?

AmerasianFamilyFinder asked: I have two cards and they came with this long sheet of “ammendments to your credit agreement notice of benefit changes and annual privacy notice” Pretty much telling me they are changing how they do business and my min. payments will go up. Can you legally just change them without having the cutomer’s [...]

Tuesday, June 29th, 2010

What does “defferal period margin” of 4.5% mean on student loan credit agreement?

SMS asked: I’m trying to find a small loan to cover a $3000 gap in my financial aid. One credit agreement does not give me an interest rate but says “defferal period margin: 4.5%.” Does this mean that my interest rate is 4.5% added to the prime rate?
BTW my dad has agreed to co-sign [...]

Tuesday, June 29th, 2010

do i have to pay back a catalogue debt if i didn’t sign a credit agreement?

Jenna asked: i have three cataloue debts (la redoute, littlewoods and additions direct). all three i did not sign a credit agreement for. the debts are now all with debt managament agencies (credit account managament and debt management ltd). do i have to pay these debts back?

Tuesday, June 29th, 2010

.Explain the difference between a promissory note, a line of credit, and a revolving credit agreement?

collegemomagain asked: Explain the difference between a promissory note, a line of credit, and a revolving credit agreement? Are they mutually exclusive? That is, might one be part of the other?

Tuesday, June 29th, 2010

My son has defaulted on a credit agreement on a vehicle what are his options to resolve this debt?

phil p asked: My son has defaulted on a credit agreement on a vehicle with Black Horse Finance, they have passed the debt to a debt recovery company who said they would recover the van and sell at auction, what the van makes at auction would be used against the outstanding balance and the remainder [...]

Tuesday, June 29th, 2010

How do I file a complaint against a store’s credit agreement?

Keith W asked: I have a company where someone made an order. Nobody can contact a human in this case (which is a primary requirement of a credit agreement) and their VRU does not allow for the leaving of a message. I just want to stop these people from taking money and [...]

Tuesday, June 29th, 2010

Does a customer copy of a credit agreement need to be signed?

Matthew1972 asked: I have a copy of a credit agreement to keep for my records. On the customer copy there is no date or signature. Does the customer copy, as well as the copy that has to be returned to the lender have to have a signature by the lender on, or just the copy [...]