 Is this a bad way of building credit? |
| I am 18 and I have a $23,000 auto loan that my parents co-signed for me. I also have a credit card. Both payments I pay in full and on time each month. Does this look good as far as building credit ... |
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 Credit Cards? |
| The other day i got my credit card bill in throught the post. I always pay the full amount the i have borrowed. Last month i payed it off on line, but never payed the entire balance by £0.12. M... |
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 What's a credit union? |
| I've been reading the answers on this page and credit union keeps popping up as a source of help, could anyone explain what they do and where they are please.... |
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 I have recently applyed for a cedit card from cgs i had to pay $50 so why havent i been acceped? |
| they said my details have been passed onto virgin i have just been on there and been refused why and what was the payment for if im not gonna get a bluddy ... |
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 I have a credit card qeustion? |
| i have thought about getting 1 of those credit cards seen on tv,the 1 u buy at the grocery store where u can put the amount of money u want on it,wat is those kinds of credit cards called,plz ... |
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 Fixing my credit? |
| how can i find out exactly how much i owe and where to? trying to work on paying off all my old bills. thanks...-... |
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 I am 18 years old but have absolutely no credit, so what type of credit card should I apply for? |
| I am 18 years old, have no credit at all, have nothing in my name, but do have a job. I applied for several credit cars (Capital One, Sears Card, Firestone Credit) and they all denied me. I was ... |
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 Can anyone, please, explain to me how a credit card works? |
| I am a new immigrant - I have been in the States for 2 years, but just got my Resident status. We do not have credit system in my country, so it seems to me to be extremely confusing. My husband has ... |
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 Quickest way to build good credit from no credit? |
| I'm a 20 year old college student with no credit history and I just got my first credit card, a WaMu Secured Credit Card with a $29 annual fee and required deposit. My question is, what is the ... |
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 Is it best to pay a credit card bill early or on time? |
| to establish a decent credit..my next bill isnt due till sept 12th, what is better? to pay earlier then that date or on time. ... |
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 Can I be sued for a ten year old debt? |
| I have an unpaid debt of originally 700 dlls with a phone company formerly knonw as Pacific Bell in California. That company eventually became SBC and now ATT. I just got a call from a collection ... |
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 Credit cards and credit score? |
in order to improve my credit score should i pay the cards off every month of leave a balance? and why
Additional Details
if leaving a balance is recommended explain why and how much ... |
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Fredd | Will we go to jail if can't afford to repay credit cards debts ? |
I have 5 outstanding cards which had not been paid for over 1 year due to my unemployment. All of them are over limit. |
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daryllboothe
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No, they don't have debtors jail anymore. You are, however, still responsible for the debt. Get a job, cut up your credit cards and get help from a reliable debt counselor that doesn't charge you any money. Good luck. |
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aaapowersports
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credit cards are the devil son. avoid thm like the plague. and no you wont go to jail. |
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Sparkles
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No they can`t send you to jail. |
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Ms. Dorsey
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Nope, the creditor can take you to court and get a judgment requiring repayment. Your wages may be garnished. Try to settle before it gets that far, they generally take cents on the dollar. At this point they just want any payment. |
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riteon
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Nope, but your credit is now shot. Couldn't you at least get a job in a fast food place or something? You have taken advantage of a lot of people. Well, maybe you don't care about your credit. |
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rick_murlin
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NO,NO,NO.Actually there is very little credit card companies can do especially if they are unsecured debts.They can take you to court but very seldom do.It just a bad mark on your credit.But who really cares.Life goes on with good or bad credit !!!!!!!!! Plus after two years they actually cannot collect anyway!Its been a year I wouldn't worry about it.Of course you will constantly get letters and I mean constantly,BUT THEY ARE ONLY LETTERS THROW THEM OUT and go about your normal activities. |
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First Lady
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No....they will eventually sue you and can even go as far as garnish your wages and attach a lien on your property, but you cannot be charged with a crime simply because you cannot pay. |
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doris_38133
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no, there is no debtors jail, but they can and will track you down through your job, and ask for a garnishment. Credit cards are usually unsecured credit, meaning they have no hold on your home. Do not refinance your home to pay them off. |
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only 32 characters?
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No, they can't send you to jail. They can garnish wages [ job permitting ] and put a lein and property and/or cars.
They best thing to do, really, is to either file bankruptcy. Granted, yes, it's bad. But it's really not as bad on your credit as people make it out to be. It will be off your report in seven years and you can buy a car or house in three. Your credit is probably already at a point of no return, so you should just wipe it clean and start over. |
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Pretty Me : )
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File Bankruptcy chapter 7. |
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sonu
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yes jail for 14 years |
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