Have Finance Questions? Ask a Financial Expert Online.

Ask an Expert, Get an Answer ASAP!

Credit Card Questions

What is a credit card?

A credit card is a type of payment card that allows the person that has it to pay for goods and services then later on pay the balance or make payments to the company that issued the credit card. Credit cards are generally based on a person’s credit and have a certain limit, in most cases, depending on what type of credit card it is and what the person’s credit looks like. A credit and charge card are different in the fact that a charge card balance is required to be paid in full at the end of the month and a credit card requires at least a minimum payment every month. Read below where thousands of Experts were able to provide individuals with answers pertaining to credit card questions.

What is the best credit card for an owner of a new Limited Liability Company (LLC) and how does the new business get credit if it is newly formed?

In many cases, the credit card companies that are in business offer a credit card for business purposes. The business owner’s personal credit will be assessed as well as other factors when the person applies for a business credit card. There are many cases where the credit card company will issue the business a card, but the card will have a limited amount of credit that the business owner is able to use. This limit will increase as the business owner uses the credit card and makes payments and pays the balance off in time. Since most companies use the business owner’s personal credit, then if the person lapses on their payments it would affect their personal credit.

In the state of Texas, if a person has a credit card and they are unable to pay the balance, can the credit card company garnish their pay check and if the person moves out of country, can the company come after them still for payment?

In the state of Texas, a person’s wages cannot be garnished for credit card debt. If the person has no assets, then a lawsuit or judgment would not generally allow the credit card company to take anything from the person. The person would need to try and make small payments on the debt if they have the extra money, but if the person moves out of country, then there may be no way for the credit card company to pursue the person.

If a person sends a check to a credit card company that was marked final payment, what can the credit card company do if the person refuses to pay an extra amount that the credit card company said they owe several years after final payment was made and accepted?

If the credit card company accepted the final payment amount and then contacted the person for a payment of a greater amount several years after the settlement was accepted, then the credit card company cannot pursue the person since the statute of limitations would have ran out as well as them accepting the check that was marked final payment. This would make the credit card balance settled, making the person not responsible for the extra that the credit card company wants.

What credit card protection plans are best if a person were to get sick, have an accident, or die?

In most cases, when a person has a credit card they may want to consider having a form of credit protection just in case anything happens. The person would want to talk to the company that issued the credit card to see if they can get the insurance on the credit card. The following link will help the person decide how to precede;

A credit card is a form of credit extension that helps a person to buy things and make payments on the balance. When a person is thinking of getting a credit card, or they want to get insurance on a current credit card, or the person does not know where to go to get a credit card. When these questions arise, then the person would need to seek the answers from the Experts.

Please type your question in the field below

3 verified Financial Professionals are online now

Financial Professionals on JustAnswer are verified through an extensive 8-step process including screening of licenses, certifications, education and/or employment. Learn more

Rakhi Vasavada

Financial and Legal Consultant

Bachelor's Degree

2608 positive reviews
Megan C

Certified Public Accountant (CPA)

Master's Degree

2218 positive reviews
Manal Elkhoshkhany


Foundation classes for MBA

1919 positive reviews
See all Financial Professionals
JustAnswer in the news:
Ask-a-doc Web sites: If you've got a quick question, you can try to get an answer from sites that say they have various specialists on hand to give quick answers... seen a spike since October in legal questions from readers about layoffs, unemployment and severance.
Traffic on JustAnswer rose 14 percent...and had nearly 400,000 page views in 30 days...inquiries related to stress, high blood pressure, drinking and heart pain jumped 33 percent.
I will tell you that...the things you have to go through to be an Expert are quite rigorous.
Web sites like
...leave nothing to chance.
Tory Johnson, GMA Workplace Contributor, discusses work-from-home jobs, such as JustAnswer in which verified Experts answer people’s questions.