 What is the best credit card for me? |
| I'm a student.. so I cant have a big spending limit... and I plan to make payments on it instead of alll at once.... |
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 Would I be able to get a $ 10,000 loan using a credit card? |
| The amount would be to purchase a small home that needs some repairs. This is included in the amount that I would borrow. How much time would I have to repay this $10,000 loan off of a credit card? H... |
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 Is 15 too young to have a credit card? |
| Out of the blue the other day my mom handed me a credit card with my name on it. I had to sign the back and everything. It was soo random. It's cute though it has Tinkerbell on it. Anyway, why ... |
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 How can I Find out if Someone else used MY IDENTITY to get a CREDIT CARD? |
| I SUSPECT THE DEADBEAT MANAGER OF MY APARTMENT BUILDING MY HAVE USED MY NAME, SS NUMBER AND E.T.C INFO TO GET A CREDIT CARD; HOW CAN I CHECK?... |
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 Which should I pay off first? |
The credit card with the LOWEST balance or the credit card with the HIGHEST interest rate?
I always thought you should go after the one with the highest interest rate first so that you don&... |
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 Rejected application for an American Express Platinm card. On what grounds can I appeal? |
I got rejected for an AMEX card for not meeting the "internal credit score". I have a good credit history and am on a good salary. How can I get them to change their decision?
A... |
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 Have you been in debt? how can one get out of thousands of dollars of debt? |
What tips do you have:
changes in life style is one ***no eating out, watching your driving routes to save gas.
What else is there?... |
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 Does paying off credit card balance in full hurt or help credit score? |
| I have my credit account set up to take the full amount of the the credit balance directly out of my checking on the 28th of each month. I have read many different things about building a good credit ... |
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 High Paying Job for a 12 year old? |
| Any high paying jobs for a 12 year old? (I'm saving up for a MacBook Air)... |
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 I need to know every thing about credit card.? |
| I want to get credit cards but i neeed to know every thing about them like stuff like if you spend 20 dollars how much would you have to pay for your credit card i just need to know every thing. HELP... |
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 $ 50 visa gift card? |
How safe is it to give a gift of $50 visa card if the number on it is exposed to everybody on the shelves at the store, before buying it?
Additional Details
I noticed all the cards have ... |
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daisy raisin | I cant pay my credit cards...i am so far behind....what will they do to you if you never pay them? |
will they put me in jail? can they take everything you have? |
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Jeffrey
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Very bad things.
They will hound you for the debt relentlessly.
If you don't pay, then they will sue you.
Then they will get a judgment against you.
Then they will attach your personal possessions and begin taking them from you to execute the judgment.
Then you will have a judgment that remains on your credit for the next 10 years MINIMUM.
If you think you have it bad now, wait and see what happens if they get a judgment against you.
If there is no way you can possibly pay your debts, go speak to a bankruptcy attorney today and go over your options.
on edit:
Forgot to mention wage garnishment. It's early. |
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blueeyes1981
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No they will sue you for it and eventually garnish your wages takes a long time. Just happen to me one a crdit card I got when I was 18 and I am 27 now. It will catch up to you one day!!!! But if you don't have the money to pay it what can you do...... |
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my16paws
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They will not put you in jail, or take anything you have except for your $$$. All they are interested in is the $$ you owe them.
There first step after the calls is to turn the debts over to a collection agency. Then they will garnish your wages, in order to get there money back.
It will also hurt your credit rating so in the future when you want to purchase big items, you will have to pay higher interest rates.
Your best bet right now is to talk to the lenders and make some type of payment schedule with them. You call them don;t wait for them to chase you down. They are much more willing to discuss interest relief if they believe that you are sincere in your attempt to pay off your debts.
If you wait until it goes to collections the agencies are less likely to give you a break on the interest charges |
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lilbitxx
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They cant reposses what you have purchased if that is what your asking...
But your future will be very GRIM if you dont pay them off. You will never own a home, you may possibly still be able to buy a car, but it will probably need a cosigner and you will pay about twice what the car is worth, Banks may deny you have a checking account...
And depending on the creditor, they may sue you and have your wages garnished from your paycheck and from your tax returns.
The best thing to do is to make arrangements with your creditor and pay them off. |
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Anna M
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They cannot put you in jail; this is a civil claim. They cannot force you to sell your mode of transportation (unless you have 2 cars for just you), they cannot take your house. They can't make you sell TV's, etc.
What they can do is take you to court, get a judgement, then go back and get an order so they can garnish your paycheck (up to 25%) and freeze your bank account, until they are paid back. And contrary to popular belief, this doesn't always take a long time and they don't always need a large amount of debt to go after you...some cards move swiftly for any amount of money.
However, there is a time frame where they can sue you. Check with your state's SOL. You still owe the money, but companies have a deadline where they can sue you.
If it's within the SOL, you need to call the company, and/or collection agency, and work out a payment plan. Get a second job if you have to. Last thing you want is to get your paycheck and see 25% of it is missing. Most companies will work with you as all they want is the money you owe them. |
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sadloner07
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They will take everything you have that would be equal to your debts. If that is not enough, they might press charges in accordance to your contract |
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t j
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If you never pay your credit cards, the credit card company will send your account into collections. Then, a collections representative will begin leaving messages at your home and maybe even calling your job. You will be sent letters from the collections office about your delinquent account, and you may even be contacted by a lawyer. You could also be brought into court, and ordered to pay by a certain date.
It would probably be better for you to file bankruptcy, then to simply never pay. That costs about $2000.00. It should only be used as a last resort though, because it really destroys your credit.
I would say, definitely call the credit card companies, and explain your situation. See if they will make payment arrangements. After all, it's better than nothing at all, and they do want to get paid. I'm sure they will work with you, if you level with them. Even if you can only pay a small amount, it's better than not paying anything at all. Are you able to get a second job, or work some extra hours? That would be helpful, so that your interest rate doesn't keep rising. It's better for you in the long run, even if you're embarrassed or nervous, to just call. Let them know what's going on, and that you are willing to do your best. I hope that helped. This is coming from someone who got scared and did the opposite, and wound up having to learn the hard way. Keep your chin up, it will get better. I wish you the best of luck. |
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nc_paralegal
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It will go against your credit. Try calling them and see if they can reduce your debt and make a payment plan. A lot of times the credit card companies will stop charging interest and will lower your amount due and set up a payment plan if you just talk to them. |
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Carl F
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Jail is unlikely. They can probably only re-possess things you bought with the cards, but unless those are larger tangible assets, that is also unlikely.
Bottom line, you are going to screw up your credit and when you want to buy a big ticket item, like a home or a car, you are either going to not be able to do so, or will have to pay some exorbitant rate of interest.
Check out this website: http://www.daveramsey.com. |
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