Liability refers to things for which you are responsible. In the business world, account liability refers to the outstanding debts that you owe to others. Most everybody has some sort of account liability at one point or another, whether it is an outstanding liability on a car loan, home loan or outstanding credit card balance. Keeping current on your liability payments is essential to maintaining good credit. Regardless of what type of account you hold a liability on, you can easily check your account liability.
Instructions
- 1
Login to your online account, and look for your account balance, which should be listed somewhere on your account dashboard. Your outstanding account balance indicates your account liability still to be paid.
2Locate your most recent paper account statement, and find where your account balance is listed on the paper. This step is for if you do not access your account online or do not have access to the Internet at the time you wish to check your account liability.
3Call the customer service number for your account's organization. Follow the prompts within the automated menu to reach a customer service representative, and then inquire as to what your account balance is.
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