When you have a store credit card and it goes out of business what happens to your card? Is it removed from your credit?

Similar questions: store credit card business removed.

Once the balance has been paid the account is either closed, or you will receive a replacement card. Some companies do not use there own credit systems, but contract out to a third party. For example, a while back Mongomery Ward went out of business.

Their card was issued through the Monogram Bank of Georgia. Depending on what other cards Monogram was under contract with, people with this card, once the balance was paid off either had the account closed in good standing or were offered another card if they wanted one. Most people just let the account close.

There are a number of services available where you can check all your credit accounts. Most of them have a monthly fee, but it is rather small compared to the protection they provide, and these sites provide a valuable service. They let you know instantly if someone is trying to use your credit card.

One of the companies is called Identity Guard. identityguard.com/ipages/bt4/setpwithidv... This will allow you to see your credit scores, protect the use of your credit cards in person or over the internet, and let you see all your open accounts, balances, times late, (if any), if the account is open or closed and other useful information. If you don't use credit cards very often, don't do online banking, or use your credit card over the internet, it probably is not worth the monthly fee.

But, if you have a lot of card use, like using a debit card, it may be worth the monthly fee. Some banks have a contract with Identity Guard and offer a reduced monthly fee. You can check with your bank to see if they have it available..

Store credit No, it’s not removed from your credit. A store going out of business doesn’t automatically forgive its debts. Very often what happens is the store sells its accounts receivable (the debts that people owe it) to an outside company so that it has cash to pay off its accounts payable (the debts that the store owes its own creditors).

You may not be paying the store itself, but if they have sold your account, you’d be paying the people that paid your debt to the store. If it’s a store that extends credit without, say, issuing a card, you should contact the store to find out how to make payments. If you've got a store credit card, keep making payments to the address on the statment.

Either way, though, you’ve still got to pay. To get a listing of your active credit cards, get a copy of your credit report. You get one free one from each of the three major credit reporting agencies (Experian, TransUnion and Equifax) each year.

You can collect your freebies from this website. Many people recommend that, unless there’s a suspected problem with your credit report, you stagger the free reports so that you get one from a different agency every four months; that way you’re kept more current without so much time between reports. But you can get all three at once if that’s what you’d prefer.

Your credit report will show all your active lines of credit, as well as recent historical ones that haven’t yet fallen off your report, so you’ll be able to see what’s out there. Understand, the free credit reports don’t actually include your credit score, so if you want the score from the agencies, you’ll have to pay for it. Hope this answers your question!.

1 You are still responsible for any outstanding debt. If you pay the debt, it will go on your account as a closed with good rating. If you do not pay any outstanding debt, it will go to collection, and eventually ruin your credit.

Don't make the mistake of thinking that just because the store closed you don't have to pay for what you bought. As to your second question - no, there is not a site where you can see your active accounts. How on earth can you not know what active cards you have?

You are still responsible for any outstanding debt. If you pay the debt, it will go on your account as a closed with good rating. If you do not pay any outstanding debt, it will go to collection, and eventually ruin your credit.

Don't make the mistake of thinking that just because the store closed you don't have to pay for what you bought. As to your second question - no, there is not a site where you can see your active accounts. How on earth can you not know what active cards you have?

" "I don't own a credit card so unable to pay for my question which is gall bladder and stones. Why are the removed? " "can a business make a charge to your credit card after a year" "how do I order books from the kindle store?

... do I use a credit card?" "$1000s have been charged to my credit card from Amazon. Com (services and Merchandise). I can't find Amazon phone number" "Did you know that the House Financial Services Committee is voting on the Credit Cardholders Bill of Rights" "Is It Legal for a Business to print entire credit card numbers and expiration dates on receipts?" "can a business make a charge to your credit card after a year" "I have aapp store gift card do I have to give credit card information" "Is it lawful for a business to deny credit card business unless it exceeds a specified amount?

I don't own a credit card so unable to pay for my question which is gall bladder and stones. Why are the removed?

$1000s have been charged to my credit card from Amazon. Com (services and Merchandise). I can't find Amazon phone number.

Did you know that the House Financial Services Committee is voting on the Credit Cardholders Bill of Rights.

Can a business make a charge to your credit card after a year.

I have aapp store gift card do I have to give credit card information.

I cant really gove you an answer,but what I can give you is a way to a solution, that is you have to find the anglde that you relate to or peaks your interest. A good paper is one that people get drawn into because it reaches them ln some way.As for me WW11 to me, I think of the holocaust and the effect it had on the survivors, their families and those who stood by and did nothing until it was too late.