Sentences with phrase «deposit against the credit»

A secured credit card is a type of credit card that requires you to make a deposit against the credit limit.

You make a security deposit against the credit limit, so your credit history is given less significance in the approval decision.

This is a credit card that requires you to first make a deposit against the credit limit before you can get the credit card.

Not exact matches

Notable wins for the CFPB include its $ 100 million fine against Wells Fargo Bank last year for its practice of opening unauthorized deposit accounts and credit cards.

Secured credit cards let you deposit a certain amount of money that you can then borrow against — similar to a debit card.

On September 8, 2016, the Consumer Finance Protection Bureau (CFPB) announced a $ 185 million fine against Wells Fargo for the fraudulent creation of millions of credit and deposit accounts by its employees, who abused their access to existing customer information in order to meet aggressive sales quotas and incentives.

Secured cards require you to make a security deposit to open an account, and that amount becomes your credit limit — and collateral against non-payment.

In fact, landlords can hold bad credit against you by requiring a cosigner or a higher deposit.

I was a little nervous to apply because I don't want to be denied and have that mark against my credit for 2 years for nothing but I went ahead and enter my info to see if I was pre-qualified for anything and this card came up along with the other Capital One and the Quicksilver or whatever that's called so I chose the safe option and was approved with a credit score of 549 and my deposit was $ 49 for a $ 200 dollar credit limit, but me being me and wanting a higher credit limit I paid $ 249 and have a credit limit of $ 400.

Instead, you can look for a secured credit card, which requires that you deposit money into the account that is then held as collateral against default.

With secured credit, you get all the convenience and privilege of a traditional (unsecured) credit card, but only after making a cash deposit as collateral to secure the card issuer against any loss.

Unsecured credit cards are «regular» credit cards that don't require you to deposit any cash with the bank as collateral against unpaid debt: you're allowed to make purchases up to your credit limit, and can pay for your purchases over time — although you'll typically pay high interest rates on any purchases you don't pay off in full each month.

Major credit card companies offer «secured» credit cards — cards guaranteed against a security deposit — to consumers with no credit.

Trip Cancellation Insurance protects you and your family against forfeited, non-refundable, unused payments, and deposits if your trip is interrupted or cancelled and you have purchased your common carrier tickets with your eligible CEFCU Mastercard Credit Card.

Secured credit cards work like traditional cards, with one key difference: the cardholder must deposit money with the issuer as a guarantee against the card's use.

When picking a secured card you should weigh how high you'd like your credit limit to be against how much you can afford to put down as a deposit.

Returned due to: insufficient funds in account, closed account, refer to maker, improper completion of check, incorrect account number, check written against deposited funds not yet collected by the Credit Union, checks paid against insufficient or uncollected funds or items / checks overdrawing account paid for by the Credit Union (Courtesy Pay).

The benefit is that the money gets credited against your overdrawn bank balance as soon as it is deposited, unlike the holding period some banks may place upon a check before fully crediting your funds.

Prohibition Against Unlawful Internet Gambling: Federal law, the Unlawful Internet Gambling Enforcement Act of 2006, and implementing regulations prohibit commercial customers from receiving deposits or other credits of any kind relating to their operation of an illegal internet gambling business.

Here's how secured cards work, and why they make sense when your credit is iffy: You put down a deposit with your bank, say $ 500, and that deposit acts as your credit limit — meaning you spend money against the deposit, eliminating most of the risk for the bank.

A bond, letter of credit, or certificate of deposit may also be used to satisfy administrative fines and civil damages arising from any enforcement action against the posting credit service organization.

Any purchase you make with your secured credit card will be charged against the card and not your deposit.

Such written authorization shall be deemed to exist if the card issuer has previously notified the cardholder that the use of his credit card account will subject any funds which the card issuer holds in deposit accounts of such cardholder to offset against any amounts due and payable on his credit card account which have not been paid in accordance with the terms of the agreement between the card issuer and the cardholder.

These points can be used for cash back (both as statement credits against your balance or a deposit into a checking / savings account), travel redemptions, gift cards and transferred to a number of frequent travel loyalty programs.

With a secured credit card the individual must leave a deposit which is used as security and protection against default.

The bank or credit union establishes a credit limit and deposits that in the bank for you to write check against rather than you depositing money into an account and then writing checks against that amount.

Cardholders deposit money up - front with the credit card issuer, as collateral against their credit limit.

A secured card is different from a normal credit card because you make a deposit into your savings account, which is held as collateral against your secured card.

(f) When a deposit has been made in lieu of a bond, as specified in subdivision (a), the amount of the deposit shall not be subject to attachment, garnishment, or execution with respect to an action or judgment against the credit services organization, other than as to an amount as no longer needed or required for the purpose of this title which would otherwise be returned to the credit services organization by the Secretary of State.

There is also a system of credit against deposit where the card issuing bank recovers periodically the amount due from the card holder.

Secured credit cards require cardholders to put down a deposit as security against defaulting on their credit card bill.

That is, miles are worth 1 cent apiece whether you redeem them for credit against travel purchases or cash back via direct deposit.

It is curious to note that more firms have started to (1) hold the billing or responsible lawyers accountable for client advances if payment is not received within a prescribed time, especially if retainers are not obtained from these clients at the inception of the matter, or if deposits are not received from these clients prior to incurring the advance, and (2) set «credit limits on cash advances» with prohibitions against the accounting department accepting requests for client advances in excess of a predetermined minimum amount, without prior approval of the managing partner.

(Do note that the pre-tax $ 5K that you deposit into your FSA will count against your Child and Dependent Care Credit.)

With a secured credit card, your credit limit is a cash deposit you'll be required to make before opening your account, so you're essentially borrowing against yourself.

If you're new to credit cards, one option for building your new credit history is to use a pre-paid credit card, which lets you «pre-spend» a set amount of money that deposit into the card that you can later charge against.

If you're approved, you'll need to make a cash deposit; this becomes your credit limit that you can borrow against.

If the bank won't accept a payment from a credit line applied to another loan you have with them, deposit the money with another institution (to yourself in cash, on PayPal or some other repository) briefly - a month or so, whatever it takes, then pay it against your home loan... or, get a credit line at another institution.