What is mean by "Grace Periods" When making payment on a credit card?
80019
a grace period in terms of a payment means that the payment was due on Nov 15th, you have a grace period of x days aftert the 15th before they charge you a late fee.
574075
When you pay your credit card bill you have an option to either pay:\n\na. Full Balance (which I would recommend)\nb. Anything above minimum payment\nc. Minimum Payment - this is the smallest amount you can pay for that particular month.  Note that when you pay minimum payments you are not just paying for the item you are also paying interest charge, which makes your purchase more expensive.  That's why its better to pay it all at once.
105198
CD=Certificate of Deposit.  I suppose savings and loans and credit unions issue them as well as banks.  In the old days you committed your money for a certain number of months or years and paid a penalty for cashing out early--the penalty being set by the bank and spelled out in the contract.  Now my little local bank offers a CD with a term of one month or so that can be cashed out in 7 days without penalty.  I bought one to park some money while a check cleared and earned 3.5% interest.  I thought it was a good deal with minimal hassle and no fees.
1068060
Banks will give you a 10 day grace period.  But if they don't receive it, in their hands, on the 11th day, you'll get a late payment.
235578
If you were paying the payments on time then paying off your loan will probably have very little effect on your credit score, positive or negative.\n\nYour question is about Credit Reporting Lag, the time from when you pay off(down) a revolving account or pay off a loan to when it is reported on your credit files. The time frame can be from 30-90 days with the average being about 60 days.\n\nGood Luck
254765
When a merchant swipes your card, the deivce either dials up or connects to a server operated by the bank used by the merchant for credit card processing.  It in turn accesses Mastercard's account database to confirm the availability of funds.  \n\nAssuming funds are available, the merchant bank approves the transaction and posts an authorization or hold to the credit card holder's account.  This "hold" is only temporary until the actual transaction is processed by card holder's bank--just like a check.\n\nAt the end of the business day, the merchant will usually complete a process with their merchant bank to finalize or post all credit card transactions that day.  In this way, a transaction that may have been subsequently voided by the merchant will not be posted and the hold will usually be removed.  This is the case in some, but not all transactions.\n\nOnce the merchant bank receives the posted transactions, it credits them to the merchant's account, less a small commission of 2-3% that the merchant bank retains as its revenue for acting as the merchant's agent with Mastercard.  I believe the bank in turn pays a commission or fee to Mastercard for each transaction processed.\n\nAnywhere from one to three days following purchase, the physical credit card transaction is processed by the card holder's bank and the hold is removed.  Should the transaction not be completed, the card holder bank will eventually remove the hold--but it can often take 10 days for that to occur.
287928
The bottom line is you need to know some terms before agreeing to either the credit or debit card. You should know as a minimum: \n\nCredit Cards\n1)the annual percentage rate(apr) _ The annual percentage rate--APR--is the way of stating the interest rate you will pay if you carry over a balance, take out a cash advance, or transfer a balance from another card. The APR states the interest rate as a yearly rate. )\n\n2)grace period to pay the full balance without being charged interest(The grace period is the number of days you have to pay your bill in full without triggering a finance charge. For example, the credit card company may say that you have “25 days from the statement date, provided you paid your previous balance in full by the due date.” The statement date is given on the bill. )\n\n3)if there are any fees(Most credit cards charge fees under certain circumstances eg annual fee, cash advance fee))\n\n4)how finance charges are calculated (The finance charge is the dollar amount you pay to use credit. The amount depends in part on your outstanding balance and the APR. )\n\n5)if there are any transaction charges for such things as balance transfer, late payments, cash advance, going over your limit, etc. \n\n6) Credit limit (The credit limit is the maximum total amount--for purchases, cash advances, balance transfers, fees, and finance charges-you may charge on your credit card. If you go over this limit, you may have to pay an “over-the-credit-limit fee.")\n\n\nDebit Cards\nWhen you pay with a debit card, the money is automatically deducted from your checking account. \nMany people prefer debit cards over checks for two reasons:\n\n-You don't have to carry your checkbook and present identification, but are still able to make purchases directly from your checking account. \n-You pay your bills immediately, unlike when you use a credit card and get the bill later.
910336
It has been a few years since I worked with an online credit card account.  However, what I remember is this:  The processing is actually done in two steps.  1) The verifying --Verifies that it is a good card, and that the amount of the sale is available in the account, and  2)  Settlement -- Settlement is when the "charge" actually happens.  I actually had to go online and select the transactions for "settlement".  This was because we were not allowed to charge the card until the product shipped.  So, I suggest that there may be a way for you to verify, but not settle.  It may be that you could void the transaction as soon as it was verified.  That part I'm not sure about.  You may also be forced to verify with an amount.  You could use something nominal, say $.50.  Again, you would then need to void the transaction.
815843
The information above won't help you much. Perhaps if you can provide something more as to why you'd file a motion with a court to stop payment, that would help someone guide you.\n\nIt sounds more as if you're looking for a court rule...
15092
I agree with VaTreasures - the best thing you can do when using a credit card is to discipline yourself to pay off your balance on time.  If you get into a habit of not paying on time you start to acrue more and more interest fees (I know all about it).  Paying back on time will also avoid any missed payment penalties.\n\nApply for a credit card with an interest free period, this will cut down on costs.  Getting an interest free period is important.\n\nIf you are unhappy with the idea of running a credit account, then I would recommend a prepaid card or direct debit card.  Prepaid cards can be loaded with funds so you cannot overspend, which keeps your finances in good shape.  Debit cards withdraw funds from your bank account instantly when you make a purchase, again these do not require managing a credit account and help discipline your spending.\n\nMore helpful tips from round the web:
276145
Apply to different credit cards but don't overdo it.  3-5 should be ok.  Make sure you do not send a late payment, that hurts your credit.  Try to pay more than just the minimum payment.  Don't max the credit cards either.  That won't help your credit.
724226
hard to know...you'd have to ask the bank.  Sounds like it may be accrued interest to the day of the month you are making the payoff and some sort of administrative fee--maybe title transfer fee?
154693
Depends on the card. In my experince there is none. Even if they don't send you a statement, it's still your responsibility to pay the bill on time. If you have a ligitimate reason, they may wave the $25-$55 late charge, but if you had any promotional low APR, it will now be hiked up to 17% (or something else rediculously high).
1090858
Believe it or not---it's from the Bible.  A period when you do not have to pay back a debt, you are given grace--or mercy.  When a debt is written off, you are "forgiven the debt."\n\nThe Bible talks about debts being forgiven after 7 years.  In the United States Bankruptcy Courts, 7 years was usually the time the debt or "black mark" stayed on your credit report.  I believe it's about 10 years now.  \n\nOn several occasions, Jesus used debt in His parables (Mt.18:23-35; Lk.7:41-43;16:1-9).  In none of these parables is the debtor evil because of his debt—unless you consider the debtor who was condemned because he would not show mercy on those who owed him.\n\nConsider the restrictions that were placed on the lender who lends to their family: they cannot charge interest (Deut. 23:19-20), cannot forcibly seize their pledge (Deut. 24:10-13), and must cancel their debts every 7 years (Deut. 15:1-3).   In other words, if they ever "loaned" money to their family, it was essentially a gift that the borrower could legally avoid paying back. \n\nThis hard teaching was also echoed by Jesus who commands us to "lend expecting nothing in return." (Luke 6:35). God gave these unwelcomed restrictions to the lender so that the economic bondage suffered by the brethren would not be as severe as the heathen.
902590
No. This just means that they are waiting to check out a more recent credit report. Either you have applied for too many credit cards at the same time, you are over your credit issuance amount which is determined by your age, the length of your credit history or you are charging up a storm.\n\nIt can also mean that the particular site you were on did not have availibility of a representative you can approve credit at the moment.\n\nIt can be many things. It doesnt always mean you have not been approved. But it could mean that too. They just need time to send you a notice explaining why.
756274
I would recommend that you do NOT get a credit card if you're in college, unless you have a steady income to pay it off.  If you insist (and don't say I didn't warn you), you want a 25 day grace period to pay, no fee to join, no fees ever, a cash back (1%), the ability to pay the bill online, and an interest rate of <12%.\n\nyou will get it in 1 - 2 weeks after you're approved.  Don't apply for more than 1, it affects your credit score.
1170492
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