Waine
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hi,
people in debt often seem to find some help here :
http://credit-cards.ebookorama.com
and here http://finance.ebookorama.com
also plenty more to read here
http://credit.ebookorama.com
http://credit-repair.ebookorama.com
good luck! |
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hushnowjustplayit
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Yes they can get a judgment against you which means that should you come into money or get a job they can come after you. If you haven't got it, there's nothing they can do about it.
Be aware that if you are on Medicare or disability and have it direct deposited to an account, as long as that's all that comes INTO that account they cannot touch it.
They will call you and offer to make a settlement or accept reduced payments. Don't do it because once you start making payments or accept their offer, the time limits start all over again.
If you are never planning to buy a house or a new car then don't worry so much about your credit record. |
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reptile9
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Yes, you made the debt, you must pay it. www.daveramsey.com |
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Christian93
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Please read this carefully and click on the link below.
Unfortunately, here in America, anyone can file suit on anyone for anything. When you signed the contract stating that you agreed to the terms and conditions of the credit card, that gives them sufficient means to file suit. However, you need to start doing some research on your own to see if this is truly your debt.
Is it the actual credit card company who is contacting you or a collection agency? How old is the debt? If you answer my questions, I may be able to give you some good advice.
Click on the link below to see the statute of limitations for your state. A credit card is considered an open account.
http://www.budhibbs.com/statute_of_limitations.htm
If the statute of limitations has run out, they cannot sue you, no matter how much evidence they have. |
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Barry M
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Yes they can. If you were not able to pay them back you should not be using the cards. They have every right to sue you and they will win. The only reason that they are in business is because they count on people not being able to pay every month, that way they can charge crazy amounts of interest and make tons of cash. You can go to a financial management company and they will deal with the credit card compny to help reduce interest and keep them off of your back but you will still have to provide consistent monthly payments until it has been repaid. |
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danny_austin4
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They can't sue you. They will just pester you until they give up and then send your balance to a collection agency. Why can't you make the minimum payments. That's all they want. Why can't you get a consolidation loan and combine two credit card payments into one??? |
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Lianne
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Yes and I think AMEX will lock your *** up too. Seriously though, if you can't make a credit card payment and they sue you and win and get a judgement against you that you can't pay then they're still not going to get any money AND they have to have their lawyers go to court and all that. I don't think they'd waste thier time unless you owe them a HUGE sum. |
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froggy
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yes! usually the credit card company will hire a 3rd party to handle debtor who doesn't pay. If succeeded then case close or else their lawyer will send u a warning letter before putting this case to court. My advice to you is that NEVER EVER declare yourself bankruptcy. Try to sort out financial help from friends or family members. Treat this as a big lesson and spend yr money wisely in the future. |
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Brutus
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Thats what they do!!! |
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capollar
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they will come after you and you may have to sell whatever you own to pay them
also
they will destroy your credit rating so that you don't do it again |
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scubadiver50704
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yes if you owe them and are not paying, they can, and will come after you for 'satisfaction'. |
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pianist
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yes |
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Blackwidow
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Just pay them what ever you can. If you give them atleast $15.00 or $20.00 a month they can't do anything to you because you are making an effort to pay your bill. If you are paying what you can, at least your paying something. And that's better than giving them nothing. |
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Adios
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If you default on the payments, the creditor can sue you for them. Generally the creditor will make arrangements for payment rather than sue. If you have the means to make any kind of payment I suggest you contact the creditor and try to work out a payment plan. It will be better than a judgment on your credit file.
Good luck. |
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Douglas D
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Yes, of course. You made an agreement with them when you applied for the card that you would pay them back, plus any interest owing. So they have every right to sue if you default on that agreement. |
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First Lady
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Yes, they can and they do. They don't care that you've already told them that you don't thave the money. |
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