Can you get a credit card if unemployed?
Yes. Employment is a factor in the ability to pay. When you are scored your employment status is a factor but doesn't prohibit you getting a card. Plently of people what are independently wealthy (e.g. their income is the results of investment rather then employment) get credit cards all the time. The key is the ability to pay and the risk of non-payment. If you are broke and have no job and no income you will likely be declined.
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Apply for a secured credit card. Unlike traditional credit cards, which are unsecured debt instruments; a secured card uses a deposit made by the consumer (usually 75%-100% of the line of credit) as collateral against any purchases made on the card. So, in order to get a card like this, a consumer h…as to make a deposit equal to the amount (or almost equal) of the credit line. Lenders are much more apt to open this much-less-risky type of credit card to someone with no credit history. Once a consumer establishes a satisfactory payment history with a secured card, the deposit can be unsecured. Secured credit cards are an easy and excellent way for consumers to establish or re-establish credit. Try your local banking institution or credit union. Bankrate.com also has excellent information about lenders which offer this type of card. (MORE)
\n Credit cards \n. \n. \n. \n. \nA credit card system is a type of retail transaction settlement and credit system, named after the small plastic card issued to users of the system. A credit card is different from a debit card in that it does not remove money from the users' account after e…very transaction. In the case of credit cards, the issuer lends money to the consumer (or the user). It is also different from a charge card (though this name is sometimes used by the public to describe credit cards), which requires the balance to be paid in full each month. In contrast, a credit card allows the consumer to 'revolve' their balance, at the cost of having interest charged. Most credit cards are the same shape and size, as specified by the ISO 7810 standard.\n. \n. \n. \n Credit cards \n. \nI once worked for American Express and we went through an extensive training on different types of cards. \n. \nFirst, you can do a search online to get more information on credit and credit cards.\n. \nOtherwise, there are two main types of cards: Credit and Charge. One you can make payments on and the other you pay in full each month. \n. \nA credit card is a responsibility as well as a priveledge. It gives you freedom to "pay later" if an emergency comes up or if you need something and don't have the money right then. In example: you're waiting on your paycheck at the end of the week but you need gas in your car (this is ONLY an example) and groceries. A credit card will allow you to get both and then will send you a statement each month with a balance due, minimum payment due on that balance, and what purchases were made, your fees, etc. \n. \nThe way Credit Card Companies make their money is that they usually charge an APR (annual percentage rate), finance charges and other fees associated with using the card or paying late on the card.\n. \nI hope that this at least gives you a general idea of what a credit card is.. A credit card is a small plastic card issued to users of the system. It is a card entitling its holder to purchase goods and services based on the holder's promise to pay for these goods and services. when you have a credit card you can purchase anything you wanted to have like clothes, foods, and furniture and so on. In order for you to get a good credit, you must pay it in full or not lower than your minimum monthly due. you can always check your credit score on the three credit report agencies at this site http://www.ezcreditrepairsolutions.com/credit-report-score/ They provide a lot of great information for improving your credit score, and it worked well for me. Resources: http://www.ezcreditrepairsolutions.com/ (MORE)
A credit card is something that is like a loan. People use their credit cards at stores and the credit card company automatically pays the store back. Then you basically pay the money back that you borrowed from the credit card company over a few months. A credit card is a card that allows you to …borrow money for paying your purchases, for a product or a service, with a set limit. The card may be used repeatedly, until the set limit is reached. At the end off every month, you have an option to repay the whole amount; or only a fraction of the whole amount you owe; even a minimum amount. Credit cards are issued by banks, savings and loans, retail stores, and other businesses. (MORE)
A credit card is part of a system of payments named after the small plastic card issued to users of the system. It is a card entitling its holder to buy goods and services based on the holder's promise to pay for these goods and services. ... for more info: http://en.wikipedia.org/wiki/Credit_car…d (MORE)
What should you do if you have 70K in credit card debt and a house that is not paid off and your spouse is unemployed?
It would appear that the person's options are limited. Refinancing the home if one could get a lower payment and interest and perhaps cash out could be considered but that could prove difficult given the circumstances. There are debt consolidation and other such agencies, but one must be extremely c…autious when dealing with them. The interested party might also consider consulting with a qualified bankruptcy attorney. The ABA and all state bar associations offer free attorney referral services. American Bar Association, see the Related Link below. (MORE)
Answer . The credit card company will report the incident to the credit bureaus and you cost of credit will go up. You will be referred to a collections agency if the amount is large enough. This is a very bad path to start down. . You may be able to negotiate with the credit card company for a se…ttlement if you can come up with the cash before they start the collections process so you can buy your debt at 1/2 price or so. . Original creditors do not negotiate debt settlements, that is always done by the third party collector that purchases the debt or by authorization the original creditor to the contracted collection agency to do so. . The reality is creditors do not care what the debtor's personal circumstances might be, they simply want their money. . Be that as it may, you can contact the customer service department to learn if the creditor has options available for such situations. Bt choose carefully.... If you do tell your credit card company you have lost your income they will likely reduce your available credit to next to nothing, which harms your credit score. . Some creditors will allow the debtor to make "interest only" payments or freeze interest rates and waive penalties for a specified period of time (usually 6 months) and so forth, to prevent the account from being defaulted. . The debtor might wish to inform themselves about the laws of their state relating to debt collection and personal and real property protection in case of a lawsuit. *THEY WILL SUE YOU!!!!!!!!!! There are no options. They do not care if you are unemployed, if there are no jobs in or area and even a single mom to boot. These Banks that CAUSED our economic failure WILL take you to court and win. The judge then decides whether to put a lien on your house or garnish your wages leaving you unable to EVER have a decent life again. The unemployed in our country don't have a prayer. I wish people would stop sugar coating things. (MORE)
This completely depends on the bank you are going to and their guidelines. Currently, most banks are turning people down with credit score below 660. If your score is not high enough, one of my favorite ways to boost a person's credit card score is to teach them about the magic of authorized users.… Authorized users are people who have permission to use other people's credit cards. For instance, your husband might have a Citi card. His name, and his credit score, was used to apply for the account, but you have permission to use the account. Becoming an authorized user is a powerful way to boost your credit score because you get to borrow the account holder's good credit history. If you are an authorized user on a credit card in good standing, your credit score will reflect the credit card's positive payment history by increasing. Beware, though: If you are an authorized user on a credit card in poor standing, your credit score will reflect the credit card's negative payment history by dropping. (MORE)
Of course you can still have a credit card despite a bad credit history. There are companies who give people with bad credit history a chance to prove their integrity again. But of course, there are requirements and at the same time, there may be unreasonable policy so you should be aware of it. Wei…gh the policy. Generally, it will have to be a high interest or 'bad credit credit card'. These have high APR, but if used correctly can help rebuild your credit and then you can apply for a far better credit card package. There is quite a bit of information here about bad credit. See the related link. It is also worth requesting your credit score from a company like Experian. See the related link. (MORE)
they are not free you need to talk yo your agent or order at your bank.
Credit Cards for Bad Credit If you have bad credit, you might think that it is impossible for you to obtain a credit card. Let's start out by saying that if you have bad credit, the only possible reason could have for wanting another credit card is to try and rebuild your credit rather than to go …on a shopping spree at the local Wal-Mart. For people with bad credit, credit cards can be the bane of existence.Even if you have bad credit, you might also be able to secure a department store credit card. Many department stores will offer you a credit with a low limit even if your credit isn't stellar. Of course, the big thing here is to make your payments on time and don't overextend your credit. http://simplecreditonline.com/ (MORE)
1. Inquire to the customer service of the credit card company or you can go directly to the credit card company such as Citibank. 2. Ask about what are the requirement in applying a credit card 3. You need to know also the credibility of the credit card company if they have good records. 4. If… you know the details about the credit card company, you go directly and ask about the guidelines, terms and conditions. 5. Submit the necessary requirement , usually the credit card company conducts a CI (credit investigation) into your information if you pass their requirements. More advice First of all, make sure that you meet the age requirements to get a credit card. Then decide why you want to get a credit card (to get a cash back from purchases, etc.) After that you can go to a bank, a credit card company, browse "credit card applications" online and find a site where you can apply for a card. To be approved for a card, you should apply for a credit card according to your credit rating. Yes, you can have credit card if you are qualified for one. (MORE)
There are a few ways you can get a credit card with little or no credit. Check the websites I've added. They should be able to explain in detail.
A good starting point is to get a secured credit card and a few months later move on to a regular credit card. This way you will GREATLY improve the look of your credit report before your actual regular credit card application. More tips for options on getting credit cards for those of us with ba…d credit reports can be found at the related links below. (MORE)
Answer Yes you can! The method is called : Balancetransfer. I did it for 2 months in a row. I had no moneyto pay my VISA card. However, my Discover card had $1000.00 ofcredit available. My Visa card bill wanted a minimum payment of$300.00. So I transferred $300 from my Discover card (which I wasno…t using anyway) to my Visa card. The next month, I did not havemoney enough to pay all my bills. So I transferred $ again fromDiscover to Visa. I did an online Balance transfer. *NOTE Balance transfers do not get approved right away. It can take anywhere from 3-14 businessdays. Depends on what credit card company it is & depends onthe amount of the transfer. So leave yourself enough time beforethe due date of the credit card (you are transferring money to). Also, be careful with this... the fees for balance transfers cansometimes be steep, and they will increase your debt. Every creditcard is adding interest to your debt each month, so don't getyourself into a situation where you are just adding debt and neverhave a chance to get out. (MORE)
My wife has about 50000 dollars of credit card debt She is unemployed at the moment Can she file bankruptcy alone or do we have to file jointly I have not co-signed for any of her credit cards.?
Though a spouse can operate individually, there are limits to the distance one party can place between themselves and the other in a marriage, and also in the financial structure associated with the relationship. Should things become dicey, it won't be enough that you didn't co-sign for the cards. H…er credit assessment was probably (meaning certainly) based on your joint assets. That means when they look to collect from her, they don't even have to turn their heads to see you. They already do. They'll look at her assets, which include, like maybe, a house. You get my drift. It is improbable that a spouse can file bankruptcy separately, but there are differences in the bankruptcy laws from one state to another, even though the basics are common. Many attorneys and para-legals provide free or low-cost counsel in cases like this (especially upon an initial visit), and it is a really good idea to call on one for specific advice. Offering advice is a common activity in the business of law, and there are a lot of practitioners. Do not construe any of what you are reading as legal advice. Look at it as a place to begin an understanding of a problem so that one can embark on the search for a good and workable solution to that problem. Lastly, if I cut myself, I wash the cut and put on a band-aid. If I break my leg I go to the doctor (or emergency room physician) for treatment. The more consequential the legal issue, the more one should seek out a professional. Good luck. (MORE)
What happens if you are unemployed and you return to work with a default judgment for credit card debt unresolved?
The creditor can haul you into court to garnish or attach your wages to satisfy the judgment, unless you earn too little under your state law to garnish. ans Generally speaking, your assets, (current and future), as well as your income (current and future) can and will be subject to seizure (t…ermed garnishment when wages) to satisfy the debt they got a judgment for. Obviously, they can (and as it is their business, very good at) using all legal methods to enforce the right, or compel you to pay...(of which there are many). You will be entirely responsible for any costs they incur to enforce and collect the full amount of the debt, interest, penalties, legal fees, etc. too. So a small debt for something you bought can grow very large, very quickly. Of course, they may just sell the right to collect to a third party, but the result is the same. And while you may feel you simply don't have anything to take (or even a wage they can garnish)...a judgment stays in force for 20 years (and can easily be renewed)...so you better want to be poor, have nothing and be worth nothing for a very long time! It isn't unheard of for some collection agency to find you have an outstanding judgment from years ago...now that they see you have something...(a car, a house, a lottery winning...anything) and get their fee by collecting it with all the back interest. Your best served by paying, and if you really can't, contact them to work out a plan to do so you can live with. Well, judgments may be valid for 10 or 20 years. I've never heard of a state that allows a 20-year judgment to be renewed, but I suppose it's possible. 10 year judgments are renewable for an additional 10 years, as a rule. I find it peculiar that the "improved" answer - which went far beyond what was asked - failed to mention filing bankruptcy, which will eliminate all those added fees, interest and charges after filing, treat all creditors in the same class equally, and takes the choice of settling away from the creditor. (MORE)
When you don't have a credit history, it can be difficult and frustrating when trying to obtain a credit card or other type of loan. Establishing your initial credit history can be a Catch-22. If you don't have credit, not many places are willing to give you credit, yet how can you ever establish cr…edit if nobody is willing to give you any. (MORE)
Yes there are credit cards for bad credit. If you have bad credit and want to get another major credit card, you should think the circumstances that you will be facing because it is not as easy as what you think. Although there are lenders who will give you another major credit card, you need to… pass lots of documents as requirements and the interest rates will higher. The mentality of some people is that, it is easy to spend or be tempted to spend when using cards and using cash. When you have bad credit, getting another card will not help rebuilding or re-establish your credit history. The chance of getting a new major credit card is slim. But, possible to other banks or agencies, although probably, a better chance to have a minor card instead of major due to your bad credit history. (MORE)
Well it depends on what bank you have. For example: if you have bank of America, you would go to the bank and ask to get a credit card..... It's as simple as that, but you need to answer questions sign paper, etc.
What can't they do to you if you are unemployed with credit cards and no payments on a loan in four months?
\nYour rights as a consumer\n. \nYour Debts and Debt Collectors\n. \nYou are responsible for your debts. If you fall behind in paying your creditors, or if an error is made on your account, you may be contacted by a debt collector. A debt collector is any person, other than the creditor, who r…egularly collects debts owed to others, including lawyers who collect debts on a regular basis. You have the right to be treated fairly by debt collectors.\n. \nThe Fair Debt Collection Practices Act (FDCPA) applies to personal, family, and household debts. This includes money you owe for the purchase of a car, for medical care, or for charge accounts. The FDCPA prohibits debt collectors from engaging in unfair, deceptive, or abusive practices while collecting these debts. Under the Fair Debt Collection Practices Act:\n. \n* Debt collectors may contact you only between 8 a.m. and 9 p.m.\n* Debt collectors may not contact you at work if they know your employer disapproves.\n* Debt collectors may not harass, oppress, or abuse you.\n* Debt collectors may not lie when collecting debts, such as falsely implying that you have committed a crime.\n* Debt collectors must identify themselves to you on the phone.\n* Debt collectors must stop contacting you if you ask them to do so in writing.\n. \nFor details, see Fair Debt Collection at ftc.gov/credit. (MORE)
Yes, as long as there is an unpaid debt that is due , a cedit card company may sue and get a judgment against the debtor. The problem for the card company is that if there are no wages or income to garnish, it may have to go after other assets the debtor owns or just wait until the debtor gets a job…. Judgments are not court orders to find a way to pay them. (MORE)
No not necessarily. Your credit score is determined by your history of paying back accounts from lenders. While you don't need a credit card they tend to be how most people build credit. To get a good score without a card (assuming you're applying for a loan or some kind of financing) you'll need ei…ther a cosigner, someone who has credit and is willing to put it on the line for you and their credit becomes yours basically but they take most of the risk and penalties if you default. Another option is a loan which you pay back every month ON TIME in order to build a good score over time. (MORE)
There's no universal marker that says you automatically get or don't get a credit card. A higher score just means you're more likely to get a card, loan, or financing. Generally as long as you're over 620 you can find someone willing to give you a card. I would recommend trying for a bank card they'…re usually a bit more giving although I'd recommend Citi highly and gas cards are also usually pretty easy to get. If all else fails you can get a prepaid card and build up over time to it and eventually get a regular card after a few months or so. (MORE)
bad credit card just like a payday loan . well, payday loan is veryeffective way for your emergency money requirements problems inSingapore . many company provide the payday loan with low interestrate.
First thing that you have to do is to repair your credit card history. Look for the things that can be fixed. Next thing is to review your current status. There are certain qualifications that credit card companies are requiring for people to have a bad credit card history to have a new credit card.… (MORE)
You must have someone co-signer. They add you on as an authorize user. however it wont be easy to find a co-signer and you credit limit would be very low. best alternative is to you prepaid credit cards if all you need is the benefit of credit card transactions. however if you need a permanent solut…ion you will have to repair you credit score. (using pre paid credit cards and other techniques) refer to the link provided in the sources and related info area if you wish to learn more about credit repairing (MORE)
The obvious answer is rebuild your credit. First you need a copy of your credit report to see what you current rating is and any problems that may be on file. You can request a copy from the main credit agencies for a small fee, there are also more detailed subscription services that will give you a…n actual score, but these often start to charge after an initial free period, so be careful. Correct any errors you find on your record, you may also see things that could cause issues with a credit agency, such as not being registered on an electoral roll, being new to the country or not having had a fixed address for an extended period of time. If you have existing bad credit problems you will need to apply to a specialised lender for bad credit; these cards have lower credit limits, higher APRs and quite heavy fees if you exceed your spending/repayment limits. However, they usually have more generous criteria than other card lenders and you will stand a better chance of acceptance. If you use your credit facility responsibly, pay off your balance and can demonstrate that you can use your credit responsibly, then your rating will start to improve and you will be able to apply for other types of cards. (MORE)
A credit card issued by a Bank giving the holder an option to usefunds, mostly at sales point. You can pay your utility bills onlineor can do E-shop from online shopping portals. A credit card comeswith certain benefits, fees and reward points. These are someexplained benefits of a credit card: Co…nvince Save Time and travel no need to search of ATM or keeping cash inpocket. Track your Expenses Credit card helps you to Track and maintain your ExpensesHistory. Low Cost loan You can rotate your Credit to save today when your cash isavailable next week. Quick Cash When you are running out of cash, you can withdraw from ATM viaCredit Card. Cash Back Offer Most of credit card offer you cash back offer on what you spendfrom credit card. Reward Point Credit Card gives you reward point you on the amount you spend butinstead of cash you earn them in Point form, When you collect acertain number of reward point, you can redeem these reward pointfor gift voucher, movie ticket, Digital or Electrical appliances,lifestyle product and so on. Discount Some shop or E-Commerce portal or Airline offer Discount Cut Cost on Overseas Spending Most of Debit/Credit card charge you a foreign loading fees, butSome Credit Card waive off foreign loading fees. (MORE)
You can apply for small store based cards such as kohls, maurices, American eagle... They build your credit and are relatively easy to get with limited credit history.
There are 2 sets of numbers on a credit or charge card. The card number is usually 16 digits long and on the front of the card. The CVV number is usually on the back of the card and 3 digits long. American Express cards have a 4 digital cvv code on the right hand side of the front of the card.
I don't know such kind of loan in US, but if you are a citizen if UK then you can definitely have this loan. These loans are specially designed for those unemployed students who wish to carry out their higher studies but could not due to paucity of money and funds. You can easily find the loan in …major loan lending agencies of your city. One thing I must tell you that since you get this loan in spite of bad credit scores, the rate of interest charges is on the higher side. If you are able to repay it on time, then only opt for this loan otherwise this loan might turn out to be a night mare for you..!!! (MORE)
A credit on a credit card is the amount of money you are allowed to spend before you have to pay it back
You can't get a payday loan without a payday. The loan is made as an advance on your next payroll check. If you are unemployed they have nothing to lend on and have no reason to believe you have the means to pay it back.
There is not much that credit card companies can do to collect the money owed to them by people who are unemployed. In the event that you get a job, if you were not making payment voluntarily, the credit card company could arrange to garnish part of your wages. But if you're unemployed, they are out… of luck. The worst they can do is to cancel your card and give you a bad credit rating. True, there is not much a credit card can do if you are unemployed. Furthermore, credit cards or collections agencies cannot garnish unemployment, child support, social security and many others ( check with your states legal aid clinic) for unsecured debt. Become your own best advocate, Download a phone script to deal with malicious debt collectors. Become familiar with the Fair Debt Collections Practices Act. Always send your letters certified when dealing with debt collectors. Find out when unsecured debt becomes time-barred or uncollectable in your state. For example, NV =4 years. DO NOT let yourself be duped into paying an expired debt no matter how hateful a debt collector threatens you. There is no debtors prison. You will not be arrested for bad debt. This is not our fault our jobs disappeared. The banks got bailed out, and all we got is lies. lies. lies. no jobs, foreclosures, food stamps ( if were lucky) no health insurance and most of all no voice and no compassion. Be educated...be your own best advocate, and never, Ever let anyone make you feel like you have failed... (MORE)
A credit card can help your credit score improve if you pay it on time. Over time it will show you have a good payment history and it can also diversify your credit if you have other types of credit accounts. Keeping a low balance will also help your debt to limit ratio. It will only hurt your cr…edit if you max it out and don't pay it on time. (MORE)
No you can build credit by taking out a loan and paying it back ON TIME. Or have someone cosign a loan for you in order to get approved for a card or loan but make sure the cosigner fully understands the agreement because they'll take on most of the risk.
"Credit" sounds very good, that's why they call it a credit card. When you use a credit card, you go into debt. Yes, that's as bad as it sounds. So don't use a credit card. It will cost you an arm and a leg, perhaps literally.
They will offer you a low introductory interest rate which will encourage you to use your credit card.
Credit cards are the order of the day especially in these tough economic times. Many credit card companies have changed their terms not to mention making it more difficult for consumers to obtain new credit cards. The new Obama administration has also brought in new legislation to curb the bad pr…actices that was in the industry. Yet even now credit card applications for people with bad credit are still available if you look hard enough. (MORE)
most certainly it is. the extended reason is that you are paying with future funds that are to be paid to your card issues
because when you use it you can take out and no one will steal it (Duh) hmmm....to buy stuff that costs a lot and be able to pay it off over time...but be sure not to put too much stuff on your card!! To improve your credit score, and pay off the credit in installments
In case of emergencies, you can use your credit card to purchase goods and services and at the same time, it is better nowadays to have cashless transactions so that we can stay away from robbers.
Yes, they can. For a credit card company to actually SUE someone is pretty serious. If you're talking about collecting on a debt owed, they can certainly get a judgement against you. If they win a judgement against you, they can collect the debt when you become employed or even have your salary g…arnished. At least in the U.S., anybody can sue anyone for just about anything. Whether or not that law suit is justified, or won't be immediately kicked out of court, is the question. (MORE)
A bad credit credit card is designed to offer credit cardfacilities for people with poor or adverse credit scores. Suchtypes of "bad credit" customers may find it difficult to beaccepted for mainstream credit cards. Bad credit credit cards tendto have more generous criteria for acceptance, so people… with lowcredit rating, previous credit problems such as County CourtJudgments (CCJs) or low or irregular income (self-employment forexample) will find it easier to gain one. The downside is that these types off-set the "risk" of lending toadverse credit profile by the interest they charge and the creditthey offer. So the interest rates (APR) on the card is usually muchhigher than "prime" cards (anywhere between 30-40%) and initiallycredit limits will be low and fixed. A low credit limit, such as $300, is typical. You will incuradditional fees for exceeding this amount. The cycle can becomevicious if you only pay the minimum payment, since the fees canaccelerate your costs. Unlike a debit card, there is no way for youto opt in to have the card denied when you have reached your limit. The purpose of these cards is to use them responsibly and graduallywork your credit rating up so that applications for "prime" cards(with cheaper interest rates) will be successful. (MORE)
Yes they can. I have been a stay at home Mom since 2009 and in 2010 a debt collector filed a judgement against me. We hadn't heard anything from them since 2010 after I called them once I was served with the summons to appear and they just completely emptied two bank accounts that we have. One is a …joint account with the father of my child where the only money coming in is his and the second had $3.00 in it. I recommend that you immediately find a way to file bankruptcy if your debt is super high. This nonsense has cost me more money than the $1,500 to file bankruptcy. When you have NO money $1,500 is a somewhat unfathomable amount but my judgement has gone from $10,000 in 2010 to $15,000 now and it will just keep climbing. (MORE)
The reason a lender requires a co-signer is to guaranty the loan will be repaid if the primary borrower doesn't have a strong enough credit record or an adequate income. Indeed, if the primary fails to pay the co-signer is fully responsible for paying the balance of the loan. It is unlikely you woul…d qualify as a guarantor if you are unemployed yourself but you can ask! The reason a lender requires a co-signer is to guaranty the loan will be repaid if the primary borrower doesn't have a strong enough credit record or an adequate income. Indeed, if the primary fails to pay the co-signer is fully responsible for paying the balance of the loan. It is unlikely you would qualify as a guarantor if you are unemployed yourself but you can ask! The reason a lender requires a co-signer is to guaranty the loan will be repaid if the primary borrower doesn't have a strong enough credit record or an adequate income. Indeed, if the primary fails to pay the co-signer is fully responsible for paying the balance of the loan. It is unlikely you would qualify as a guarantor if you are unemployed yourself but you can ask! The reason a lender requires a co-signer is to guaranty the loan will be repaid if the primary borrower doesn't have a strong enough credit record or an adequate income. Indeed, if the primary fails to pay the co-signer is fully responsible for paying the balance of the loan. It is unlikely you would qualify as a guarantor if you are unemployed yourself but you can ask! (MORE)
There is in reality no legal defense for the inability to pay one's debts unless the so named debt is invalid. Unfortunately the law does not recognize job loss, illness or other such factors as valid reasons for not paying one's debts. That being the case, the debtor facing legal action has very …little recourse if the creditor receives a civil suit judgment (and they will). However, all states allow specific amounts of real and personal property to be exempted from creditor judgment action. Perhaps the best option would be for the person facing a civil suit to consult with an attorney or legal services to discuss the situation. Most attorneys offer free or minimal fee consultations and some will discuss such matters by phone or even email once identification has been established. (MORE)
Unfortunately the law does not recognize the inability to pay one's debts due to any sort of hardship. If the lawsuit is valid it will go forward regardless of the person's financial status. If the creditor wins the suit (which is most likely) they will be granted a judgment and will then be able …to execute it in the manner allowed by the laws of the debtor's state. (MORE)
Go to a debt management firm in your area and inquire about loans for the unemployed to see what's available to you. This is a good way to get your creditors to leave you alone in a financial crisis, get a lower rate, and get any late fees terminated.
A credit card is a line of credit given to a person that has goodcredit. the person can charge things and pay it back with smallpayments each month.