 Where can i find a loan with not so good credit? |
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i am trying to get a home equity line of ... |
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 Im being hounded by bill collectors! Please help!? |
And the best part is, i dont owe them a dime.
They arent trying to collect money from me. They are trying to collect money from a deadbeat relative of mine. Somehow they got my name and number ... |
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 If I call my creditors, can I ask to have my interest rate reduced? |
| Is this possible? Would it be better for me to do this instead of using a debt consolidation service?... |
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 Is there any loss in using credit cards? |
| Credit card holdres have been given a chance to pay back the money for what they purchased within 30 days having no interest. If i have purchased a thing and i returned the money within the time. T... |
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 Is there a way to stop my family from ruining my credit? |
| I was born into the wrong family. I am the only person who is financialy mature and responsible. I am 21, have financed my own $22,000 car, have my own place and a nice job. My mom is very unstable. (... |
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 What do americans think of the federal reserve? |
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i should elaboratre:what do americans think of the federal reserve a PRIVATE corporation being in charge of the U.S. 's monatery policy and the stewart of the ... |
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 Too many credit cards. Should I close some? |
I am trying to raise my credit score by cleaning up my credit reports and paying off my credit cards. I will have them all paid off by March of 2008!
I think I have too many cards though! ... |
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 How to build credit? |
| Currently, I'm in college trying to build my credit. I've read that the best option is to open a credit card and have it co-signed by my parents. After I do that, should I make small (like $... |
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 If you owe crdit crds money, and they send you to court, & you absolutely can't pay them back lump sum, then? |
| what will the court say ? do you have to have a lawyer or can you settle this by going to court with all your bills outlined? another thing: i cant even afford to pay the crd cards right now and how ... |
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 My current credit score is 678, how good is that? |
| In the last year I have raised my score from under 600 to the current 678.... |
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 Will paying off my entire balance weekly help my credit score? |
| I'm currently paying off my entire creditcard balance online every other week. All of my statements have a 0 balance right now, but I'm afraid paying them off this often and carrying zero ... |
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 Would i be left with the bill? please help? |
| my partner of 3 years has just opened a joint account for us both we are not married, he has also just signed up for debt management as he was £24,000 in debt (not through me) now if anyhting should ... |
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| How closing a credit card account (1 month of use only) can influence in my credit score.? |
| I opened a credit card account a month ago and I misunderstood the policies. I want to pay the bill and close the account. I need to know how that affects my credit score and how bad it is to my ... |
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abel305 | Can you go to jail for not paying your credit cards? |
i have 7 credit cards all maxed out.i have no job no property and no car. wat can happen to me. can i go to jail? |
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Studly
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Unpaid credit cards is a civil matter, NOT a criminal matter. You will not go to jail unless they can somehow prove fraud (next to impossible).
They can file a lawsuit and get a judgment, but since you nave no job or property they will not be able to collect anything. If the debt is large enough they may just do it and sit back, waiting for you to get back on your feet. Then when you finally get a job...WAMMO! A garnishment.
And judgments look terrible on your credit, so you really want to do your best to avoid them.
If they do start hitting you with judgments, file for bankruptcy. A bankruptcy looks terrible, but it is about the same as having 2-3 judgments on your record. |
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JokerzXCollector
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Just to add to beelnite's comment. He stated, “And each time you try to make good on your debt - the clock resets." He's speaking of statue of limitations and he is correct to some degree. Just to clarify. Statue of limitations ONLY resets when the account is within statue and a payment is made. If the account is out of statue and you make a payment it will not reset the statue. All states are different when it comes to "SOL" in CA the "SOL" is 4 years written contract. Just an FYI. |
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miamieugene2008
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It would take years but ultimately when the court orders you to pay and you don't you could be held in contempt. |
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Marg C
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You know what if you call the credit card companies and tell them that you need to suspend your cards for a while they will do that and you can start looking for work and hopefully get these cards paid with the help of a debt consolidation company. The make you pay one low payment and reduce your interest charges. |
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Determinedlittlelady
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No, you will not be arrested, however you can be sued. That is something that strictly depends on the creditor, and the amount of debt you owe. If it is a large sum of credit card debt it may be better for you to file bankruptcy, wipe the debt clear, and start over. Good Luck |
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Marcie H
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No they do not have debtors jail anymore. Just keep searching for a job and you might want to call the creditors and let them know. |
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Just M
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one thing I know what will happen ...it will go on your credit report , if it doesnt get paid for , you will live with it . |
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beelnite
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No, but if you can't file for bankruptcy and you can't pay you'll be harrassed for the next 7 years until your record clears. Your credit card companies will sell your debt to collectors who will make every effort to make you pay something. After awhile they'll sell your debt to someone else and you will be hounded like a dog. You will feel like a non-person - a disenfrachised scallawag for a looooong time.
That's kinda like prison. And each time you try to make good on your debt - the clock resets. Let's say it's been 6 years and 9 mos and you pick up the phone. If you promise to pay something you now have that mark on your record another 7 years.
SO you need to decide right now what you are going to do. Repair your credit - or skip out and face about 7 years running away, hiding and worried every time your phone rings and then 3 years trying to rebuild yourself financially.
Even after 7 years some companies can get ahold of your past. You are never completely free no matter what.
It's a horrible way to get out of the gates if you are a young person. |
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Shweppes
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I don't think so, but they won't leave you alone, your credit will be ruined, and even your reputation as trustworthy when you apply for a job. So, get a job, and maybe get in contact with some company that helps you manage your debt until you pay it off. |
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dinny's engaged!!
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I don't know about jail, but you're headed up the creek. Hope you have a paddle. |
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