 I need a loan can anyone in the usa help? |
| I am in search of a loan ,,,, I don't want one of those scammers of a private loan company ... i wnat something in the usa ... can any one help !!!... |
|
 Can I get a personal loan if I have a horrible credit history and currently have no open account? |
I Got kicked out of my place and I really need a loan to pay a down payment to this apt. Im moving in to, but Im thousands of dollars in debt and im afraid to open a new account.
Additional D... |
|
 Bad credit help? |
| hi i am 33 years old and over last years i have had bad credit cause of losing my job having a loan with no security ,unable tp pay loads of debts having thins for my partner wich he never payed i ... |
|
 What are the ramifications of not paying a credit card bill at all? |
| if your credit is already destroyed why bother paying the bill? What else can they do to you?... |
|
 Advice on a loan? |
| hi, im currently paying off a credit card of 3000 and a loan of 1000 (lloyds tsb) im not on a high income and im struggling with the repayments. im paying something like 120 a month. can someone ... |
|
 After I pay off 3 credit cards should I close them or keep them open? I want to build more credit.? |
| I was unemployed for a while and wasn't able to keep up with payments so now my credit is not great. I have 2 cards that have been closed but I have been given assistance by the creditors to ... |
|
 Credit Cards? How do I get my own credit card? |
| Today I found out that my credit score is 770. The reasons why my credit score is high is because my parents co signed ro me to get a car loan. I also have a credit card but my parents also have the ... |
|
 How can I get rid of $30,000 in debt easiest? |
| I owe 30k and absolutely do not want to file bankruptcy. I can afford to pay $900 per month but the balance just will not go down. They will not lower my interest rate either. I am skrued?... |
|
 Medical bill - What happens if i just don't pay? |
| My wife went to the emergency room. We have insurance with a high co-pay. We own a home and don't plan on buying another one any time soon. We have enough cash to pay the bill, some in my ... |
|
 How do I get my name off a co-signed car loan? |
| I co-signed on a car loan right before I separated from my husband and later divorced. He has a Ford Explorer of which he hasn't made the payment on for the last 4 1/2 months. No one will allow ... |
|
 Will my bad credit affect my hubby's good credit when he tries to refinance his mortage? |
| I have bad credit, My hubby has great credit. He is looking to refinance a home he purchased before he got married to me and wants us to apply for a refinance loan together, I'm scared that this ... |
|
 Debt - What should I do??? |
| I am a 21 year old college student with about 9000 in credit card debt. I lost my job for a while and fell way behind on all my bills - now I have collection agencies calling me all the time and ... |
|
 My daughter-in-law took out credit cards in our names but refuses to confess, what do I do? |
| I have reported to the credit card companies but it's been seven months and nothing has happened yet. I told them it was her and we have reported it to the police but I still don't know ... |
|
 Why the heck?! (Credit Report question)? |
| I have had a capital one card for years now, it only has a $500 limit w/ a high intrest rate and I have NEVER been late on it. After significantly improving my credit (years of work) I applied for ... |
|
 Who should I go to refinance my house if my credit score is 535.? |
| my credit is 535 my first loan is 148000 and second for 42000 and I need to pay some credit cards for 12000 my house is worth 253000 and I make about 3000 a month. Do you know of any companies or ... |
|
 How to apply for a credit card? |
ok... so i have a few questions about credit card....
1. what is the difference between a visa and a master card?
2. can i apply a credit/master card if i have no job?
... |
|
 What happens if I stop paying my credit card entirely? |
No BS here
We're severly in debt after my wife quit work to have our children be a stay at home mom 5 years ago. I work 2 jobs but its not enought. She has few job skils at any rate
T... |
|
 If you pay of a credit card, and then get a refund, what happens? |
| So I have a credit card with a fairly high APR with a $200 balance on it. If I pay it off completely, and then end up getting that money refunded to me, what happens to my account? does it make my ... |
|
 Is it illegal to charge a consumer more more if he or she would prefer to use a visa/mastercard over cash? |
I work for a company who has independent contractors that are always trying to get our customers to pay with cash vs. credit. I am wondering if this practice is illegal.
Our company ... |
|
|  |
david d | I have credit card debt that i will never be able to repay, can i go to prison for having debt ??? |
|
 |
 
siznaggle_tooth
|
Only if the credit card debt you have is fraudulent. Credit cards are non-recourse. That means that there is no collateral for the borrowing. The card company could sue you to pay the balance if it is high enough, but they usually just charge it off if you don't pay. Probably the best solution for you is contacting a free credit counselling service that will help you create a plan. It worked for my wife to pay off 7k in credit card debt on 5k in income per year. ( I told her she had to pay it). |
|
me
|
I hope not. but If so, can i be your cellmate. Because my credit card debt is a beast. |
|
hen d
 |
no |
|
Pahoua
|
Never repay? Have you thought about debt management? They can get the interest rate lower for you. I wasn't working and had 2 credit cards I got the interest rate to 0% and made $10.00 a mo payments. |
|
ethan's momma
|
no, there is no such thing as "debtors jail" in the states |
|
STEVEN F
|
In the US you can't go to jail for being ing debt. The worst that could happen is forced bankruptcy. If the debts were incurred fraudulently, you could go to jail for fraud. Incurring more debt when you know you won't be able to pay, could be considered fraud. |
|
dreamcatcher8993
|
No. |
|
Muggle Jerry
 |
My understanding, and I'm in the same boat!, is that no, prison is not likely in your future unless, as stated in other responses, you specifically set out to commit fraud. And they have to prove intent, not just that you "did it".
What I have been told by lawyers is that, depending upon your state, the credit card company *will* perform what is called an "Asset Search" which is done to determine if you have financial assets that they can possibly sue for access to in order to reduce/eliminate the debt. If all that they can find is a car or home, then you can argue that you need to keep these assets to provide a livelihood for you and your family, and will PROBABLY be OK. The next step the credit card company is likely to take is to attempt to garnish your wages with your employer. Some states allow this for unsecured debt (i.e. credit cards), some don't. If yours does, you'd need to work with a lawyer at that time to ensure that they don't diminish your wages to an "unlivable" amount.
I have dealt with Collection Agencies that will threaten or predict all kinds of things, including prison... but no creditor really wants this because it means they will never see a penny.
A friend of mine told a collection agency that he was planning on filing for bankruptcy (which, although not pleasant, is not a jail term -- some financial institutions will allow you to get a secured credit card and then convert it to an unsecured one after 6-9 months of "proper" usage) and was never contacted again. When he later found himself in possession of a large sum of money, he contacted the original creditor (not the collection agency) and offered a settlement... They took the settlement and even made a notation in his credit history that the debt was eventually settled... no it's not as "good" as if the credit history indicated that he "made payments on time, etc" but it's better than "defaulted on credit agreement.
Debt will not result in prison in this country... it might result in reduced wages, and it might make future credit/purchases difficult or impossible, but not prison. Possibly repossession of assets, but check with a lawyer -- it's easier to prevent repossession than it is to undo an unlawful repossession. |
|
C O
 |
No, you can not go to prison in the United States for not paying your debts. If you have over $10,000 in unsecured debts, you may consider filing a bankruptcy. An attorney will usually give you a free consultation for this.
If you have less than $10,000 in unsecured debts, consider going to CCC (Consumer Credit Counselors). They are a non profit organization that can help you consolidate and or improve the condition of your credit. |
|
fortitudinousskeptic
 |
Not in and of itself. If they can prove what you did was fraudulent, then yes.
For example.......if you were getting late notices and then you flew to Hawaii and overlimited every bit of credit you had and then filed bankruptcy. If you're operating in good faith, you won't go to prison. But if you give them a lot of evidence that you're committing intentional fraud, then you can go to prison for fraud. |
|
INACTIVE
|
If you have filed bankruptcy already within the last 10 years then yes prison is your next step because you cannot file again. As far as having debt that you will never be able to repay, that may not be true. It may feel that way. There are people in debt by hundreds of thousands of dollars ... and guess what... they CAN find ways out of the credit card trap. Bankruptcy may be for you ... or maybe not. Before you judge your situation, get ahold of Consumer Credit Counseling Services for a FREE consultation. If they agree that bankruptcy is your only freedom, go for it. They may have other suggestions that you may not have thought of. |
|
michelob86
|
No. But you can go into bankruptcy. Which is pretty much like prison, without the walls (no credit cards, no loans, tough even to get a job with that on your record). |
|
joeysmom2
|
If so, i'll be right there with ya with my heafty 45k debt.....save me a spot in the luchline. |
|
| |
|
| | |
| Questions List |
Answers | Last Post
| | | |
13 | 11 minutes(s) ago
| | | |
13 | 46 minutes(s) ago
| | | |
13 | 53 minutes(s) ago
| | | |
12 | 1 hour(s) ago
| | | |
12 | 4 hour(s) ago
| | | |
13 | 7 hour(s) ago
| | | |
13 | 11 hour(s) ago
| | | |
13 | 1 day(s) ago
| | | |
13 | 5 day(s) ago
| | | |
13 | 6 day(s) ago
| |
|
Homepage 
Financial
Forum 
Credit 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
