 How can I rebuild my credit? |
| I have a couple of credit card charge offs. How can I start to rebuild my credit? should I make a settlement on those credit cards, or should I pay off the entire balance? How will each affect my ... |
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 Is a pre paid credit card a real credit card? |
i keep seeing offers for them and i wanted to know if its like a regular credit card except u can add $
i am planning a trip and need to rent a car and i know most rental places only takes ... |
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 How much credit can I have? I have a $42k auto loan, income of $95k annual.? |
| I also pay mortgage, around $2300/mo, around $860/mo for the car. Income is $95k/yr and about $8k/mo. I know that lenders tend to have a limit of some percentage of your income allowable to be used ... |
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 How do I get rid of a new, un-activated card? |
I applied for a credit card last week, and it arrived in the mail today, but circumstances changed, and I no longer want it.
It still has the sticker on it that says to call the number in ... |
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 Bad debt written off? |
| I had a discussion with someone who said that companies will write off bad debt after 5 years of trying to recover it, i disagree, does anyone know the actual facts about this?... |
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| How can I start my credit? I just turned 18.? |
| I just turned 18 and im in college, and I have applied for student visas, discover, and american express cards, but have been denied because i have no credit. isnt that what the student card is for? ... |
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 I have no credit and need to establish some. Where can I get a credit card with no credit requirments? |
| I have already applied for two credit cards and was denied because I had no credit or not enough income. I am a college student and figure it is a good idea to start establishing some credit. I plan ... |
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 14 year old having a debit card. What do you think.? |
| When it comes to money I am extremely responsible.When ever I get a gift card, I always check online what the balance is, before I buy anything with it. I dont go online to random websites and put my ... |
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 The loan is in his name BUT I've made every single payment? |
| So the guy I live with has a loan through American General Finance in his name and for reasons I won't get into here (too long of a story) I am the one making all the payments. If it matter I ... |
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 Can you buy a car with a credit card? |
| I've never had a cc with a high limit like over 20,000. I wonder if you can make big purchases like a brand new car all in one payment with a card like that, or do they put a cap on how much you ... |
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 Where can i learn how to fix my credit, deleting? |
| A friend of mine got some of his credit deleted. Brought his credit score up to 800... |
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 My dad used my name to get gas in his hosue when i was 15 and now i have a 1800 dollar bill to the gas comapn |
| is there anything i can do to get rid of this because i think it is unfair that i have to pay this bill that i did not create for myself please help becase i am a college student and it is also ... |
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 My sister gave me a personal check "named to her" as a payment for the money she owed me.? |
| Definitely, I can't encash this check because it was named to her....so, If I will deposit this check into my bank account, will the amount of money indicated in the check arrive in my account ... |
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 Does paying off a car loan early save on interest? |
| I just took out a car loan that seems to be a mistake. (At an interest rate of 19.58% on a 12,777 laon) Since i have no knowledge about finances i first wanted to know if this was a bad decision. ... |
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 18 years old, where can I apply for a credit card? |
| It seems that everything on the internet revolves around having a credit card. Even "all-age" video games with online subscriptions. Ironic there. It's just that I don't have a ... |
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chido123 | Can they send you to jail for not paying your credit cards? |
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jannie
|
no . they just send some big black guys to shoot your kneecaps |
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iluvmyduckies05
|
If that was so my Mom would've gone years ago. LOL. |
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sara97a
 |
no, but they can take you to court for nonpayment and if you don't show up or don't follow court orders you can go to jail. and non payment of credit cards and not following court orders can severely damage your credit rating and your reputation. |
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Centurion
|
No. |
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5150
|
No, but they can sue you and garnish your pay checks. |
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icsowesmemoney
 |
IN A LONG DRAWN OUT ROUND ABOUT WAY--YES.
BUT NORMALLY NO.
THE ONLY WAY YOU CAN END UP IN JAIL FOR THIS IS--
COMMITTING FRAUD AND BEING CHARGED AND CONVICTED OR
IF THE CREDITOR SUES YOU AND GETS A JUDGMENT AGAINST YOU, THEY THEN CAN HAVE THE COURTS ORDER YOU WITH A "ORDER TO APPEAR FOR SUPPLEMENTAL DEBTOR EXAMINATION" IF YOU ARE SERVED WITH THIS ORDER AND YOU DO NOT APPEAR IN COURT WHEN YOU ARE SUPPOSED TO THEY WILL THEN ISSUE A WARRANT FOR YOUR ARREST, IT IS CALLED "FAILURE TO APPEAR" ON A COURT ORDER.
SO FOR EVERYONE THAT SAID NO----- THERE YOU HAVE IT,
IT CAN BE DONE.
I HAVE DON'T IT TO MANY PEOPLE IN MY CAREER AS A DEBT COLLECTOR. |
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okayokayokay
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no |
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kramback123
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If you falsified your credit card application, and intended beforehand to rack up charges and Not Pay, that's fraud, which is a "jail-worthy" [i.e criminal] offense. |
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scottFL007
|
In the U.S., no. Other nations may have different laws, but here, not paying can cause a bad credit report, and possibly cause you to go to court and get a judgment put against you. In the most extreme cases, they could garnish your wages and bank accounts. But unless you do something really stupid like lie in court, there shouldn't be any jail time.
It's still not a good idea, though, and it will make your life much more difficult for many years. |
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Eric H
 |
no......................................... |
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fathead
|
I like a combination of answers so far...
Simply not paying your credit card bills: No, you can't go to jail.
Misbehavior committed in the pursuit of filling up those credit cards, however, CAN land you in jail. As someone said, lying on the application, falsifying names, history, etc., other activities leading to a charge of fraud, now THAT's how you end up in jail.
If you are contemplating simply not paying as a way to remove a problem, I'd suggest you try something else first. Call the credit card companies and work it out with them. The first, second, and probably third level of support will be of no help. They read scripts. Ask the company if they have a customer advocate and start with him/her if possible. The point you want to make to them is that you can't pay your bill and that you know the usual consequences. Ask them if they would prefer to collect what is owed over a long period of time or to collect none of it? As they will prefer the former, tell them that you have some conditions that, if they agree to in writing, you'll stick to a strict, negotiated payment schedule. The two conditions you want them to agree to (in writing) is, 1) no more interest on the account; accrual stops now., 2) they will not make a negative credit report. Once they agree to these then start negotiating the payback schedule.
Good luck! |
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