to issue credit

[Olha]

Hi! I need help with the meaning of the phrase "to issue credit"
At first I thought it stands for giving credit, but it didn't make sense in the context (Could you issue 100 USD credit? To avoid confusion we'll pay on receiving your answer).
I've learnt that it may stand for compensating for the returned or spoiled goods.
Can it mean reduction on an invoice?
Could you help me to find out which of those are correct

[mykwyner]

Yes, it is the opposite of "receiving payment." It means reversing a payment, crediting a person's account.

[Olha]

Can it be something like discount?

[mykwyner]

Yes, but only after a transaction has occurred.

Customer: "This invoice is incorrect. You billed my account for two machines and I only received one."

Salesman: "No problem, sir, we will issue credit immediately (reverse the charge on your account) and you will only owe us for one machine."

or this:

Customer: "This hotel is the worst I have ever stayed in. How can you charge me two hundred dollars a night for such an awful room?"

Manager: "I am very sorry that you are unhappy. We will issue a credit to your account for half the room charge. You'll only have to pay one hundred per night."

[andymillican]

I have an emergency situation where i need to get $1000 fast for my car to be repaired. I need the money fast but I still want to not get screwed over.
My friend suggested an online site that he used before called
www.instantbailout.com I looked it over and it looks ok, but I am not sure
what is a reasonable rate for a payday loan. Is there a standard for this
type of loan? Also does a payday loan effect your credit?

[Anglika]

Originally Posted by andymillican

I have an emergency situation where i need to get $1000 fast for my car to be repaired. I need the money fast but I still want to not get screwed over.
My friend suggested an online site that he used before called
www.instantbailout.com I looked it over and it looks ok, but I am not sure
what is a reasonable rate for a payday loan. Is there a standard for this
type of loan? Also does a payday loan effect your credit?

Not really an English question [though someone may answer]. Try asking in the forum on this site: CREDITBOARDS.COM - Home