credit credit card credit report

Credit Card Merchant Business and Business Card Application

A merchant account means a business credit card or similar business type that requires a merchant account (not necessarily one that is a line of credit) to be opened before accepting payment in full of a written credit card statement. Merchant account serves to separate the business account from the line of credit account (the business account or the business credit account) in a transaction.

If you would like to see how to get merchant account, please visit the web site here: Information about how to apply for merchant account for a credit card should be mailed to you by the organization that issued the merchant account.

The fees associated with using a merchant account is important. Some companies only charge an initial fee for opening a merchant account and for further information about the fees, please refer to the web site site address or call toll-free telephone numbers listed for the consumer reporting agencies. Another fee for applying for a merchant account is waived if you have a good standing in the United States credit card market. Check your current credit card offers to find out if your credit card providers are still offering this service in the United States.

The issuing company(s) and the merchant account(s) should be in good standing because they are helping to correct the errors in your credit card statement and for repaying the debt on your business account. This serves as a good message to anyone who may be considering getting a credit card through one of the consumer reporting agencies:

Experian Specialized
Donor Services
Experian’s New York & New Jersey
888-397-3742Corporate Services
Banks Bureau

Some companies offer a 15-day free consultation on credit card offers and the application process. Also, make sure you pay your bill in full by the due date after the due date for any unpaid debt.

The web site is:

Copyright 2005 Ed Vegliante.

Credit Card Facts

Credit cards are convenient and easy to carry. Even with bad credit or bankruptcy your credit report can get wiped clean of the outstanding debt – a great benefit for the creditors. However, there are a few common misconceptions you’ll have, or should know.

There is a law that prohibits the collection or use of unreasonable, unfair or deceptive damages. These can include, but are not limited to,

‘ Transiency;
‘ Misrepresentation of health or family status;
‘ Failing to give effect to an order or obligation;
‘ Bankruptcy;
‘ Mail Order; or
‘ Credit Card Fraud.

Most businesses that accept credit cards have procedures for reporting card fraud. These generally requires that the identity of the card being used be reported and proven to be accurate, timely and even valid. However, some scam artists try to use this procedure to collect as much money as possible. Using stolen identities or fraudulent accounts is not a quick fix for many identity theft cases. This is why companies should be careful to never use your credit card just to collect an item or two of money without contacting the fraud lab first. Identity theft is complex and there are many different types and methods used to break into your account.

According to law, someone can commit fraud by using your credit card without your knowledge and using your credit card to make a false statement online. Issuantants may use your credit card for goods or services and pay by check. Issuant’s identity is then stolen and used by another renter’s to make a false purchase. Issuant can then recant and remove the fraudulent information and return to repair or refund his credit.

According to Texas LawTitle 17, Effective February 1, 2005, any person who knowingly or willfully collects or uses your credit when you are making payments on your account from unauthorized persons or in any other way commits a class C misdemeanor. A person who knowingly and willfully charges a false statement on a credit card or credit card application requires you to provide the information necessary to obtain a debt collection loan or a settlement for a credit dispute. The information required is a statement of all of the information (file number, bank account with a particular jurisdiction, name of address, etc.) provided to you in a timely manner by the credit card company or the creditors in the original stolen account. If the information in the error is not available or cannot be obtained, the person who provided the inaccurate information may contact credit reporting agencies to resolve the dispute; report the error.