 How can you get a loan for $4000 when you have limited credit experience and no collateral? Is this possible? |
Additional Details
I do not have bad credit just no credit!!! I do not have a cosigner available and I do not have a mortgage(remember NO credit).
My mom is financing a house for ... |
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 Best credit card to get with excellent credit? |
| I have 'excellent' credit ( 780-give or take a couple points depending on bureaus). I want to get another credit card because as of right now I only have one (when I was younger, I was ... |
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 Credit Card Question? |
A hotel charged my credit card when I requested to pay cash. They said they cancelled the charge cuz afterwards they accepted my cash..is this going to appear on the credit card record?
A... |
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 Has anybody taken surveys online and actually got paid? |
i am 16 years old. and i need a job badly
i was wondering if any ACTUALLY USED a site and took surveys and got paid.... |
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 Is it bad to pay your credit card before the bill is due? |
| I often pay my credit card mulitple times during the month instead of making one big payment when the bill is due. If there is a balance due for the statement, I always pay it on time. I was just ... |
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 How do you rent or buy a house or a car with no credit? |
hi,
I'm 22, and I would really like to know if it is possible to rent or buy a house or a car without any credit? I have no credit whatsoever, I only have a debit card, which works ... |
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 Wages on time.? |
| can an employer change from month to month what day he/she pays you.... |
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 The interest rate on one of my credit cards was recently raised from 9% to 23%. What are my options? |
| Like a lot of us, I am trying to dig myself out from too much credit card debt. I have a monthly budget and have been paying down balances as I can. Recently, one of my cards increased my interest ... |
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 If i don't use my credit card, will they close the account.? |
| i have a cc that i haven't used since i've received. i do plan to use it at some point, but i'm young, the cc line isn't alot, so when i use it, i want to be smart about it. I ... |
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 What is the full form of EMI? |
| % EMI for purchase of some goods.... |
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 I am 26 years old and married, my husband and I have not very good credit, what to do? |
| Not good credit, no saftey net, two young kids, want to buy a house. What steps do I take, where do I ... |
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 What happens if you don't pay your creidt card debt? |
| I am sitting her sick and tired of paying this ******* and getting charged 30 percent intrest I have 20k that i owe to credit cards AND my payments are like 650 bucks a month and that fu"kin ... |
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 Can i get a credit card when i have no credit? |
| do you know any websites where i can apply for one?... |
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 Does anyone know where I can get a loan with bad credit?? |
| There are tons of websites, but I'm not sure which ones to trust? I need it for a studen loan actually, HELP!... |
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 How do I establish good credit with my credit card? |
| I just got my first credit card, and was wondering what the best way was of paying off my first bill? I've heard to pay double the minimum payment for 5 months, then after that start paying off ... |
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violetoviolet | Can an individual be sued for unpaid credit card debt? |
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sarah a
 |
yep!
It is a risk, i have seen people with 10k in credit card debt that got away without being sued. and people owing little as 200 bucks that end up getting sued. I assume you know someone or yourself that had debt problems... Your credit is trashed and it will cost you lots of $ that way. Now for a most credit card companies pass it over to collectors and they buy them for little money. Now if the collection agency's sees that you have a good income and assets they will more than likely persue a suit. But if they see that you are a job hopper, no assets it is not worth there while. It costs them lots of $$. for you answer include more details for some of the people to get a better understanding this situation you are in and they will give you sound advice. |
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Sugars
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The answer is yes. |
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Math T
 |
Yes, but only if a lawyer in your area has purchased your account from that company and has given you a chance to appear in court with a summons. It happened to me last August in Mississippi |
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echo
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They can legally sue as long as you are still within the statute of limitations (SOL), in your state, for collecting the debt.
They may sue even if a person is out of the legal SOL. They do that, and many times win, because many people are uninformed about their rights. |
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trix
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Yes, but unless you owe a significant amount, it ends up not being worth their while. So they just badger you for the rest of your life and ruin your credit score so you are not able to borrow ever again!
If you want to fix the problem, call them up. Most the time they will settle with you for the amount owed when you became delinquent--getting rid of all those late fees and compiled interest. |
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firedragon729
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YES, they will send you notices if you dont pay. if you still dont pay, they will start calling you, and eventually turn you over to a collection agency. the collection agency may garnish your wages and if you still dont pay, they can take you to court and ruin your credit. so PAY YOUR BILLS. also, if you declare bankruptcy on a credit card debt you still have to pay it back later. |
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curtain r
 |
Yes, a few articles that might help you get out of a debt trap are:
Debt Consolidation - Get Out Of Debt
http://www.askaquery.com/Answers/qn1643.html
How to Hire a Debt Counselor?
http://www.askaquery.com/Answers/qn1584.html
What is Debt Relief?
http://www.askaquery.com/Answers/qn1583.html
Debt Management and Building Wealth
http://www.askaquery.com/Answers/qn1581 |
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WiseJ
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Why not? If it is legitimate debt owed by the individual, the person is obligated to pay back. If not, the creditor can go after you through legal actions.
Hope this helps. |
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korbbec
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Well yeah- it doesn't just disappear into the great beyond. When did people start thinking stupid crap like that? |
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?
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I am sure they can if you have not pay the bill at all. just don't let it get too big it will be harder to pay then |
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yetti
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Well....you could be...it is just like owing money to anything else...you have to pay...plus if you don't pay...your credit will go to hell and you will have a hard time getting a loan for anything....just pay your bills...and if you can't afford something then don't buy it. |
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