Texan
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The owners of that card can keep after you until you pay one way or the other............... |
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fort_payne_guy2000
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You can't go to jail, but you can be sued and your wages garnished and all sorts of bad things. You credit score is almost certainly in the toilet by now. The best thing is to work out some sort of payment plan with their collection agency so that you can get them paid off. |
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Jose
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Get Credit Counseling and pay it little by little. |
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wizjp
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Worst that will probably happen is they will garnish your wages, probably get a judgement against you (which means paying court costs to boot).
Call them, explain the situation, work out a basic payment plan and review it with them when your situation is better. Most places will work with you. |
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WealthBuilder
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No. We don't have debtor's prison in this country.
They CAN eventualy and through due process get money out of your bank account, although it would take months if not years.
More likely: They ding your credit report making it expensive and difficult for you to get new credit for years into the future.
Worse: They call you day and night bugging you to send them the money. They lie, cheat, and do anything to convince you that they are more important than anything you currently are wasting your money on, like food or medicine.
That's it. |
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nistru78
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You won't be jailed.
The Collection Agency may request you to pay the debt back, but you can also dispute the debt. Disputing a debt is time consuming for a collection agency.
The agency will need to wait a lot of time until the debt will be cleared out and if cleared out at least.
The debt collection agency should first proove you're in a real debt.
Also, many people from Eastern Europe before take a loan or something like that first go to public notary and declare in written that the property is under wife or a relative name.
In case if the judicial court decides to take over your property, they won't be able. Why?
Because they won't be able to make anything if the property is not in your own name, but transfered rights to your spouse or relative. |
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angelrem
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Yes, they can sue you. If they win, they can garnish your wages, or even send a sheriff to come and get your property. But chances of this are extremely slim, since it would cost the creditor a lot more than $1000 to sue you.
You can negotiate with the credit card company... you won't be able to charge anymore, but they may offer you lower payments or a lower interest rate on the debt you do owe... sometimes even 0%. They just want their money back.
I got into trouble in college with credit cards, so I went to the Consumer Credit Counseling Bureau. They dropped all my interest rates, cut up my cards, and I made small payments to them while they took care of applying the payments to the right people at the right time.
Anyway, you can't just not pay the debt. Show the creditor some intent to repay, and they'll stop with the legal threats. |
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memphisms
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Oh, yes...Haven't you noticed the debtor prisons on every corner?... |
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Marcie H
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Collection agencies or attornies who represent collection agencies always try to threaten you to pay. You will not go to jail but you can get sued for the money. Try making small payments to them if you can. That way it shows you are willing to pay something. Don't let them intimidate you. There are laws against that. |
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thankyou SFECU pray4revival
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I don't know about charges, but I do know there is no debtor's prison as in days of old unless its for delinquent parents... but that is moot in this case. What they'll likely do is threaten you with liens and garnishment and all that. Find someone or you can do this yourself to help you negotiate a payment plan. You might be able to get by with as little as 10-15 dollars a month repaying them.
It's the right thing to do. So go for it and most of the time their bark is worse than their bite. |
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Coda2
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Yes. You can set up payments with a collections agent/attorney. If you don't resolve this, they can sue you and then you will owe the balance, interest, penalties, court costs and their attorney fees.
This will have a bad mark on your credit and if it has a co-borrower, theirs too. The negative remarks on your credit will follow you for years and cost you in interest rate for cars, home and future credit.
Contact the legal attorney, explain your situation, ask for proof of what you owe (they have to provide this for you) and set up reasonable payment arrangements. If you follow the payments, they can stop the additional interest/penalties, etc. and they won't take you to court, adding to your debt.
Call today!! |
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Netters
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My friend owes $1800 in credit card bills and they said they are going to sue her, plus your credit will be sooo messed up! |
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Appli3d
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No they will only sue you if they can prove if you "could" pay it but just chose not to. Its called fraud if you can pay it but just choose not to.....
Little bit of advise, stay away from credit cards......!!! |
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tchem75
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You should of contacted the card company when you werent able to pay. Now that you just stopped paying your credit score will suffer, you will have added fees and could possibly go to jail. Hope you learned your lesson. |
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scooby1221
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Yes charges can be filed against you. Most likely They would be Civil charges, but they could file Criminal as well. The Civil charges would be to get you to pay what you owe, as well as additional money to cover there costs to recoup the money, including lawyers fees, court costs, and collection fees. Most Likely if you get a good lawyer and threaten bankruptcy they will settle for what you owe them. |
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Chris P
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I don't think you will be sent to jail, but you will be subject to civil actions. |
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Slim
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The only thing that happens is they send it to a credit bureau, and your credit score goes down, that's it. If so, then there are going to be a lot of people in court with credit card insecuritites. |
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Glamorous
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ya if u dont pay in like so long |
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Abaloon
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absolutly |
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ed201283
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Everybody else's interest rates are higher to compensate for deadbeats like you. Loser. |
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