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.
The diffference between a debt card and a credit card is ,in a debt card it's money from your account .In a credit card is when you borrow money from the bank.
I am so in debt and I am worried about paying my credit cards. Where can I get advice on credit card debt solutions?
A person is in credit card debt when they have charges on their credit card and can not pay them. A person can make charges on a credit card and make payments at a later date. When a person charges on their credit card, the charge is now a debt that must be paid.
ia an additional credit card holder liable for the whole debt of the credit card account
You are because you incurred the debt.
“Can a government grant help an unemployed person with a $20,000 credit card debt?
The diffference between a debt card and a credit card is ,in a debt card it's money from your account .In a credit card is when you borrow money from the bank.
I am so in debt and I am worried about paying my credit cards. Where can I get advice on credit card debt solutions?
There were no credit cards in 1900, hence no credit card debt.
A person is in credit card debt when they have charges on their credit card and can not pay them. A person can make charges on a credit card and make payments at a later date. When a person charges on their credit card, the charge is now a debt that must be paid.
ia an additional credit card holder liable for the whole debt of the credit card account
You are because you incurred the debt.
No, there are no debtor prisons in the United States. Being in debt is not a crime. If all the consumers who had credit card debt were arrested, there would be nothing but prisons in America. The average American has approximately $8000 of credit card debt. This does not include those of us with defaulted or derogatory accounts.
800 Credit Card Debt helps you consolidate all of your credit card debt into one monthly payment. They do this by contacting your credit card debt companies and negotiating a payment for you.
Only if you OWN the credit card company. Credit card debt is a silent killer. Make the choice to carry ZERO credit card debt.
In most countries, being in debt (or rather being unable to repay debt) is not a crime, you cannot be arrested or imprisoned for it.
No. The card holder is responsible for all debt on the credit they extended to him. (You may be responsible to the credit card holder for the debt he incurred for you, if that was your agreement).