 Can you request a CC company to lower your available credit? |
And will it hurt your credit?
I have just paid off a 5000 CC but would like to keep the card @ maybe $500. Wasnt sure if you can request it to be done and if it would affect you. If so i will ... |
|
 Is there anyway to find out your credit score for free? |
| i know there are sites that offer this but they all want you put in your credit card info and then you can cancel it if you don't want it but i wondered if there are sites that don't ask ... |
|
 A charge-off got taken off of my Experian report, now debt collector sends notice that I owe, what can I do? |
| Ok, I got my credit report on 07-19-07, and there was a charge-off on the Experian credit report that was over seven years expired (From 1999). I saw that there was an inquiry from a debt collection ... |
|
 How can i fix my credit? |
| my credit is really bad is there any way i can make it better? every thing is wrote off and really old. from 03-05... |
|
 Is this true? |
| i got e mail from lottooffice situated in new york.and they says im the winner of 1million us dollers and now they r asking 4 my credit card?is it true or fake plz tell me ?... |
|
 Credit experts, please help me out on this one? |
| Hey everyone, can I please have your honest opinion? Here's what's up, I want to buy a guitar with a credit card, only problem is my current card does not cover. If I get a new card and ... |
|
 Creditors keep calling? |
| but they think I'm someone I'm not. I'm tired of all the phone calls. they dont believe me that I'm not the person they are looking for. how can I get them to stop?... |
|
 Just turned 18...how can I build credit? |
| I know, I know. Apply for a credit card. I did that. And they rejected me, on the basis of....uh, I have no credit. So...what am I supposed to do? I know I have no credit...and to build it I need to ... |
|
 Improving a poor credit score!? |
I don't know my actual score, but I did the estimator and I'm guessing it is in the mid 500's.
I went to college last year and got in way over my head. I was young.. still ... |
|
 Credit card question? |
| Hi, I'm asking this because this is my first credit card and I'm not sure if this is possible. I don't want to call and ask the company who issued the card because they won't ... |
|
 How can you rent an apartment with bad credit? |
| my husband and i have bad credit and we need to find a place fast to get away from all the bs in his family. my husband is in debt from a school loan and credit card and mine is medical bills. what ... |
|
 Is it too easy to get a credit card? - My opinion is yes what is yours tho!? |
I am 18 and bout 1 month and my bank has already given me a credit card through this supposid credit crunch where there ment to be hard to get.
I find this too easy since im just 18 whats ... |
|
 I am 19 an I am thinking about getting a credt card , does anyone have any advice on getting a good one? |
| I am in college and trying to establish good credit and I know that there is alot of scams out there. So I would appreciate some good advice.... |
|
|  |
cooldog | What can happen in court when being sued for credit card debt? |
I am unemployed still and going to court over a wells fargo credit card debt of over $4000.00. can they lock me up?
BIG QUESTION #2 WHAT ABOUT COURT FEES+COSTS?
I really need some real answers. Thanks in advance. |
 |
 
echo
|
Debtors prison went out ages ago. I guess those people who claim you can be locked up must be at least 200 years old. lol.
I'm sure they will probably file for a $4000 debt. The question is, who is suing - the original creditor or a collection agency?
If they haven't filed yet or have just filed, order your credit reports and see if whoever is suing you is reporting correctly. If they are violating your rights by reporting inaccuracies, you should file counterclaims against them. See if you can have it moved to a higher court. If you can, and they have alot of violations on your report, or if they have violated your rights whenever they had contacted you, that could mean up to $1000 per violation.
If you have enough violations on 'them', and file them, they may back out of the suit.
Anyway, back to your questions.
If you go to court and lose you will be liable for court costs, lawyer fees and they will put an interest rate on the judgment.
What they can get out of you is based on what your state allows. If your state does not allow wage garnishment, they cannot garnish any wages.
You need to find out your states exemption laws.
If you have a bank account - "close it" and deal strictly in cash.
If they get a judgment, they can sit on it for as long as your state allows. States only allow judgments for so many years and if they do not re-new the judgment when it is due, they are out of luck.
Usually, even if a person is not employed or has no possessions that are legal to seize, they will just sit on the judgment until the persons financial picture changes. Then they will enforce it.
You should try to speak with a lawyer. Try Legal Aid or NACA.
You might go to the site I've listed. You will be able to find links to your states statutes etc. |
|
Wizzard2
 |
its no a rime yet. Try to get some money togeher from a friend and make a deal: they will cut the balance down quite a bit if they small money With interest, late charges and fees, it can grow |
|
msoexpert
|
You're not going to criminal court, where you can be sent to prison. Instead, you're going to civil court where the punishments are monetary.
If you loose, you'll have to repay either in full or work out payment arrangements. Your wages might be garnished, but they cannot take the entire paycheck, so they'll ge a piece of it. And if you loose, you'll have to pay your court costs and possibly theirs as well. |
|
Gunner
 |
Big question: have you been served by the court or threatened by a collection agency? If you have been served and lose, you will owe it all. You can only be locked up if you violate the terms of the judgment, whatever that may be. If you have not been served, it is only a collection tactic. |
|
hillbillygirl5499
 |
they will probly garnish your wages when you get a job. they can put you in jail but they usually do not opt to do that because they would have to wait longer for money. you will be help responsible for all court costs. your best bet is to try to settle out of court. call then and see if you can set up a payment plan ASAP before court and you might get out of it. i did. |
|
kvuo
|
they cannot lock you up, it's a CIVIL case, I presume.. You weren't arrested for fraud or something, correct?
They will get a judgement, assuming you do indeed owe the money. if you don't pay, they will be able to garnish your wages, but seeing as you have no job, I doubt they'll be able to do anything |
|
buckeye45694
|
They will probably garnish your wages if you are employed. If you own a home they might attach a lien on the property. I know they won't lock you up. Contact Wells Fargo to see if you can set up a payment plan. Remember, your credit is very important. You auto insurance rates are based on it and sometimes your employment. Good luck. |
|
tiger_9885
|
Yes, they can lock you up, they will not considering you could just file for bankruptcy and never pay them back a dime
Set up a payment plan and avoid going to court b/c they will have no mercy..
Avoid Bankruptcy at all costs unless.... you live in florida which has some of the relaxed bankruptcy laws in the U.S. |
|
sexytrojan
 |
These answers are very surprising to me.
When I was in college, I had a lot of credit cards and unsecured loans. No job. I didn't pay a dime on anything. I got the threatening calls and letters, but eventually they fell off of my credit report without me paying anything or going to court. My credit is crystal clear now. |
|
cjl1618@sbcglobal.net
|
no they cannot lock you up. In fact it is rare they will even take you to court. You do need to take whatever they have sent you though and go talk to a lawyer. Go to a credit counseling service too..do it right away, but check them out first. They may be able to help you work something out Wells Fargo - it's what they do. |
|
| |
|
| | |
| Questions List |
Answers | Last Post
| | | |
10 | 23 minutes(s) ago
| | | |
9 | 54 minutes(s) ago
| | | |
9 | 2 hour(s) ago
| | | |
9 | 5 hour(s) ago
| | | |
10 | 10 hour(s) ago
| | | |
10 | 11 hour(s) ago
| | | |
11 | 2 day(s) ago
| | | |
10 | 3 day(s) ago
| | | |
9 | 6 day(s) ago
| | | |
9 | 1 week(s) ago
| |
|
Homepage 
Financial
Forum 
Credit 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
