If you fail to pay the minimum for 6 or more months you would be looking at jail time in most cases.
It does not. The debt belongs to the deceased. If the estate cannot settle the account, the credit card company is not going to get paid.
It goes on the credit reports as a delinquencyAnswer:If you don't pay your credit card debt then to your creditor may take you to civil court and can get a judgment to hold your property. There are other penalty as well if you dont pay your credit card debt.
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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?
You'll be in prison.
The Debt goes to be paid by his estate, if there is no money to pay the debt it just bad luck for the credit card company.
It does not. The debt belongs to the deceased. If the estate cannot settle the account, the credit card company is not going to get paid.
A credit card debt will be granted a judgment possibly and then the company can pursue you to collect the debt. A garnishment could even be awarded, although this is rare on unsecured debt.
It goes on the credit reports as a delinquencyAnswer:If you don't pay your credit card debt then to your creditor may take you to civil court and can get a judgment to hold your property. There are other penalty as well if you dont pay your credit card debt.
No they cannot
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It can be very difficult to clear up credit card debt. Therefore, you may need to borrow money from your parents if you have to just to get out of credit card debt. If that is not applicable, then you must watch out your own spending and make sure that there is absolutely nothing that you do not actually need. Apply for financial help is you cannot pay tuition because of the credit card debt.
The person's credit card debt will remain as unpaid unless they pay it. Going to prison does not cancel any type of debts incurred.
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.
Only the card expires, not the line of credit it is attached to. So interest will still accrue on the unpaid debt.
I am so in debt and I am worried about paying my credit cards. Where can I get advice on credit card debt solutions?