 HELP!!!!what are small baby steps i can do to boost my credit? |
| i cant pay off my medical collections because im paycheck to paycheck with 2 kids and a house, i have 5 credit cards all with different balance all with close to their limit, i feel like everyones ... |
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 Whats the best way to overcome low limit credit cards? |
| I have worked hard and now have spotless credit, and have paid off most of my credit card debt. However my existing credit cards have low limits and that is hurting my credit score. I was wondering ... |
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 Are bill collectors allowed to call you on Sunday morning? |
| I thought there was a law about when bill collectors can call you? What are my rights and what can I do about it if they call anyway?... |
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 I HAVE QUITE A FEW DELIQUENT ACCOUNTS ON MY CREDITREPORT. but I WANT TO FIX MY CREDIT AND MY CREDIT SCORE!? |
| AFTER I PAY OFF ALL THESE DEBTS HOW DO I GET THESE REMOVED AND HOW DO I IMPROVE MY CREDIT SO I CAN RAISE MY CREDIT SCORETO 800??... |
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 Is this a scam? Pay Pal? |
| So a lady wants to buy my PSP and i need to ship it to Nigeria, and i just got an email from Pay pal saying I have recieved the money and all i need to do to be credited the money is email them the ... |
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 What are you going to do with your $600 Rebate check? |
| I know it is going to help you in a lot of ways but what are your plans for this check?... |
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 How do you attain credit if you've never had credit? |
Additional Details
read carefully, I've tried to get credit cards, and small bank loans...but don't have enough CREDIT already built up. Hence, it takes credit to get credit?... |
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 Am i screwed...? |
me an my sister share the same address and initials, im nathan shes natasha. and she has bad credit. subsequently whenever i apply for credit i am turned down.
is there any way around ... |
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 I need advice with paying off my credit cards.? |
| I owe 5800 at 8.9%, I owe 4000 at 15.99% and I owe 800 at 14.9% I have some extra money, should I pay off the lower one first then move up? Or Start at the highest interest rate? Or should I start at ... |
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 A score of 662? |
what score do i need to get a $200,000 mortgage with a 662 credit score, i ask because im only 20 i havecredit cards for over a year and all have been paid on time. my income is $30,000 year
A... |
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 My child has a credit card in his name he is an adult, he defaulted on payments, can they charge my account? |
| Can I be held responsible for my adult childs credit card debt? The company has placed his debt on my account?... |
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 What if your parents got a credit card in your name? If you turn them in how much trouble would they get into? |
Additional Details
I'm an adult and it was fraud. I just don't have the money to pay the bill which is very high now and I know that they will not pay it. I don't want to ... |
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 Can you pay with a debit card in ebay or amazon? |
| I dont want to use my credit card so I want to use my debit card.... |
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 Can you cancel a credit card at anytime? |
| I want to get a laptop and am thinking of applyng for a credit card, but once I have paid the money back onto the card can I cancel it?... |
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 HELP! I bought a 20,000 timeshare but I don't know what it is!? |
| I just bought it so I could get a free Timex watch and free ticket to Epcot. I don't know what I was thinking. Could someone explain what a timeshare is in a nutshell?... |
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 Debt Consolidation Loans? |
| Is there a debt consolidation loan for people w/ bad credit in which one can use the money for personal use as well as for consolidationg debts?... |
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Jins Scharia | What is the story behind 'debit' & 'credit'? |
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thoro_dream_queen
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http://credit.about.com/od/buyersguide/bb/debitrisk.htm |
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mink
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ask a commerce student.am not one. |
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elainecynthia
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Debt comes straight out of your bank account. Credit is paid monthly |
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red devil
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debit and credit is actually like sex
credit is what goes in and debit is what comes out |
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feature000
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Credit acts like a credit card it takes longer to hit your bank, Debit the funds are taken out as soon as you punch in your pin or same day atleast. |
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Luckys Charm
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Debit is from your checking account
Credit is an account a creditor has given you with a limit which you are allowed to pay small monthly payments in agreement to paying a lil extra which they call interest |
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muaythaigreat
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debit you owe or have spent, credit is money not spent yet |
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tiuliucci
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Debits and Credits in Accounting allow you to balance the books.
When you debit an account, you take value out.
When you credit an account you add value to the account.
Using accounting practices, if you buy a building you debit cash and credit Building Assets. There will be no change in your value, since the building is worth the amount of money that you paid for it.
In a bank, debits are cash withdrawals. A debit card is normally used to withdraw money.
A credit card is much worse since when the credit card account gets credited you owe more money. The more credit you have, the deeper in debt you can get yourself.
Take care,
Troy |
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Tanya S
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In debit, we give money to someone & the person who has to give money to some1 is called debtor.
In credit, money comes in from some source & the person who has to receive money from some debtor is called creditor. |
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MJ
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It comes from accounting nomenclature. Debit was on the left side of the ledger, and "in your favor" or added to assets. Credit was on right side of ledger and subtracted from your assets or added to liabilities. When a merchant "credited" your account, they subtracted it from their side, as a credit, adding it to your asset or decreasing your balance to them. When a bank "debits" your account, they subtract from your balance, while it seems in the same way, actually as an opposite manner because banks consider an account (savings, checking, etc.) as a "debt" owed to you. Therefore when they "debit" your account, they are actually "adding" to their assets but subtracting from yours. The generic understanding of the consumers as to what is happening is correct but there is an accounting transaction that matches each debit or credit based upon how it affects the ledger (or balance sheet) |
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adam H
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debit is something you owe, and credit is something owed to you . In the case of going to the store and using an Atm card and being asked ''debit or credit'' that refeers to debit coming out of your account right now or as soon as the transaction hits the bank, and credit is something you will be billed for on a monthly statement from the credit card company ...... |
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anu
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debit wat comes in
credit wat goes out
suppose we have to buy goods
so money is going out so we have to credit cash A/C
n goods r coming in so we have to debit purchase A/C
simple but complex..... |
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Sunn
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If someone say you are Debtor to him, it mean that you owe money to that person (he is creditor to you)
If on the other hand if someone say you are Creditor to him, which means that he owes money to you(he is your debtor)
The relationship between Credit and Debit could be understood in simple term....If you can keep in mind the Golden Principles of Accounting.....
Real account - Debit what comes in and
Credit what goes out
Personal account - Debit the Receiver and
Credit the Giver
Nominal account - Debit all expenses and losses
Credit all incomes and gains
Regards
Sunil |
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freemind
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If its a distinction between Debit cards and Credit Cards then Debit card is the one where it comes straight from your account and you will be able to spend only the amount that you have in your bank whereas in a credit you will have a set limit as to how much you can spend and then you will be required to pay that money in a monthly instalment with interest...
Whereas just "debits" and "credits" are simply the money being deducted from your account and money added to your account. |
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momof1qt
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Debit=something you subtract from your account
Credit=something you add to your account |
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wdzone
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credit is where the money is coming from.
debit is where money is going. |
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