 What happenes if you dont pay your credit card bills? |
does it just go to a credit place or do they take you to court or jail? my bill is 4 thousand dollars?
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binabina | In NJ, if you owe money to a credit card, what can they do if you refuse to pay? |
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sacayouette
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If they think you can pay and you do owe it they can sue you for it. The court will order you pay and if you don't you can be jailed for contempt of court.
They can also ask th e court to seize any assets you have or to put a lien on them (your home, car, and wages are the most common.) You can also have your wages garnished to pay them off.
This goes in all 46 states and all 4 commonwealths and all US territories. |
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WHAT
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take you down.sue you,attach your wages,confiscate your items,etc.oh,yeah,put you on the bad list and ruin your credit.
does that answer your question? |
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Dee
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PAY!! The company that issued the card can, and will report you to a collection agency. The agency will then hound you until they get their $. If you still refuse to pay, the collection company will report the issue to The Credit Bureau. This stays on your record and ruins your credit. You will then have trouble buying a house, a car, even renting an apartment! It's not worth all that! It could end up ruining your future plans! If you are young and think that this will not affect you, think again. One day you will want to purchase something BIG and will be denied. You could call the company that issued the card and see if there is someway to get your monthly bill reduced! They often times will find a way to work with their customers because they would like to keep them! |
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manderso750
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Royaly screw with your credit rating! |
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Starry Eyes
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hand it over to the collections people of the company. If you don't pay after 180 days you get an R9 on your credit rating. which is the worst rating. it takes 7 years to get your credit back in good standings. |
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kja63
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Turn it over to collections. A collection agent will then call you morning, noon, and night...... hounding you for the money. But if you have Caller ID, you can ignore their calls.
Or, if you want to do the responsible thing, you can call the credit card company and request a hardship plan that allows you to negotiate a lower interest rate and significantly lower payments to get you over your hard times.
They CANNOT put a lien on anything you own. Credit cards are unsecured debt! |
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jean
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Pay it..if not your credit will really be messed up.It's not worth all the headaches,besides you owe it,nothing is free in this world so pay your way like the rest of us. |
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The Indigo Cobra
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turn your account over to a collectoin agency who will follow up and eventually take you to court or garnish your wages.
by the way... your delinquent account raises all of our (responsible people) interest rates. I hope they take your house. |
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kate
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Keep increasing the interest rate & penalties and
Then take you to court & have your wages garnished .
(but they will wait until the % and penalties take you into veryyyy large sums) |
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