 First credit card? |
| I need advise. the do's and dont's. thank you.... |
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 What is direct debt? |
| what is direct debt of Natwest Bank?... |
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 Bad credit? |
| have no job and in debt by 2.000, but try to get something to put four payments into one so i odnt keep missing payment as its hard to keep track of what needs paying next and who needs payning , ... |
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 Uncollected debts removed from credit report after 7 years. Correct? Can debts be sold again for collection? |
| Financial difficulties left me with credit card debt. Some came off my credit report after 7 years. Since then I've paid balances in full and done everything to keep my credit in good condition. ... |
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 I have a crdit score of under 550. Can I still get a car loan? |
| I have a down payment of about $1000. Know of anyone who will fiance me?... |
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 I tried to get a loan and no luck. Any other suggestions? I need this now, please help? |
| I've tried web sites, Ive tried my bank, I need a 2 or 3,000 dollar loan now. I have two jobs, bad credit and well, i need help.... |
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 Where can i get money very easily? |
| some contasts that will very easily get ... |
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 Once you have paid a collection bill, does it come off your credit report? |
I just ran my credit report and I have numerous accounts showing that I still owe them when I know they have been paid.
Additional Details
Also, once they verify with the credit bereau ... |
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 An agency is trying to collect a debt I have from 12 years ago, isn't there a statute of limitations? |
I owe sears like $300 from twelve years ago. I was young and stupid and actually have paid off thousands in credit card debt since then.
Here's the facts :
The debt is from 1995, ... |
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 Credit card information? |
im 18 and thinkin about gettin a credit card
anythign i should knwo before goin into it ???... |
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 Why do Americans think a credit card is one of life's essentials? |
Additional Details
if you dont want to drag cash around you can always use your debit card instead of always getting ... |
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 If a Credit Card Company closes your account can they still raise your interest rate? |
| I have been dealing with Chase for years. First it was Onbank. The creditor closed my account years ago. Unfortuanetly I ran into hard times, I was left a single Mom with small children to raise. I ... |
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 Rip off artists....is this a scam or what..anyone else heard of this.? |
| Just got a letter in the mail with a check for 4.700.00. The letter said we won a lottery. Informs us to deposit the check in the bank..then send 2.700.00 via Western Union directly to the tax ... |
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cejones345 | Why do credit card companies sue people? |
and why are there so many people who try to justify it?
Additional Details
I am NOT a deadbeat. I am a full-time student and I was out of work for a long time. |
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Sun and Sand
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If some one owed you money and refused to pay, what would you do?
Credit card companies are generally scum, but that does not relieve you of your responsibility to repay your debts. |
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Bob
 |
It's not so much the credit card companies - it's the lawyers retained by large collection agencies like CACV of America. CACV retains lawyers all over the country to sue people and obtain judgments for all kinds of debts such as credit card, medical, automotive, etc. The credit card company charges off uncollectable debt before selling the debt to CACV for pennies on the dollar. The lawyers acting on CACV's behalf sue people and obtain judgments when people do not show up for trial. With the judgment, wage garnishment orders can be issues or liens can be placed on houses or cars. The threat of a lien or garnishment usually motivates people to repay the debt - but that may be too late.
Moral of the story - to avoid lawsuit, try to work out a payment plan as soon as possible and stick to it. Otherwise, file for bankruptcy which would stop any collection efforts or judgments dead in their tracks. |
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diciccos351
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Because they want there money. Wouldn't you want you money if someone borrowed thousands of dollars and then wouldn't pay you back? |
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Quixotic
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You borrowed money from them. They did their side of the bargain, you welsh out on yours, and you are mad at them?
They only sue people who try to screw them over. Sounds fair to me. |
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ewesuqmonkeynuts
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maybe because people have money that belongs to them |
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rita
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why do CREDIT CARD COMPANIES sue people?
psch, you act like their the only ones!
everyone sues everyone for nothing these days! |
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Box815
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It's their money, that's why.
Why are so many people deadbeats, thereby making things more expensive for the rest of us? |
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Ks62ladybugs
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I am on both sides of the fence...
All creditors have the right to be paid back as terms and conditions agreed to. We have to learn to accept responsibility for accepting credit. Rarely do people think of cc's as a loan. When they need the credit to make ends meet, the love their cc's.
As soon as they cannot make the payments, then it those DARN cc's jerks who want their money. |
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Mariposa
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To get their money back. If the company wants to stay in business they need to make money. If they give people free money, then they wouldn't be in business long. |
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OC1999
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Well by your question it sounds as if you are getting sued by a Credit Card company. Basically, they don't force you to sign up for their cards or use them to purchase items. They may make it very easy to do but in the end the choice is yours to either pay cash or pull out the plastic. They are just taking means within their rights to try and get their money back. Regardless of the reason people did not pay, the companies still have a right to try and get their money back. Sure in a perfect world it would be nice for them to take situations into account, but it's not a perfect world and they have only a certain time limit on when they can do this.
Just to turn it around, if you loaned someone some money and they did not pay, what would you do? Would you just ignore it and hope they pay or would you use your legal means to try and get your money back.
Hope it works out but in the end just think about this as a lesson learned. You may even come out smarter about Credit in the future. |
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annazzz1966
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A credit card is not like a loan from your dad. You have to pay up on their terms or they will come looking for you. If you do not resposnd they will sue you. Also, even if you are a student, you're not supposed to be living off of your credit cards. You need an income to pay bills, period, and that includes your credit card. |
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Whiskeybone
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Because breaking legs went out in the '50s. Credit Card companies, for all the pretty commercials, are plainly put: Loan Sharks. What they want you to do is rack up money and pay minimums for as long as they can keep you paying.
Ever notice that minimums on cards don't lower the balance but work with finance charges and percentages to keep the balance even?
If you don't pay the minimums, they need to get their money somehow. The payment plan that the courts will hit you with will probably be similar... not that I know personally.
I'll trump you one, now. Did you know it's almost impossible to bankrupt out of credit card debt, too?
Nasty business. |
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