This is a general answer, so you will need to look to SC law for specifics on certain points.
Defaulted credit card debt faces the issuer with four options: sit, settle, sell or sue. The first option is only a temporary one for most issuers because banking regulations will make them dispose of their defaulted debt to junk debt buyers. The sue option will only be pursued by an original creditor if your financial picture (as disclosed by checking your credit report and doing a public records search to see what kind of assets you have) seems good enough. Original creditors typically won't settle for a lot less than 50%.
One option is credit counseling, essentially a chapter 13 plan administered by a nonprofit company rather than by a bankruptcy court (see below for what that's like). There are also "debt settlement" companies but they are typically scammy and do not improve your position vis-a-vis what you could do for yourself if you got a little education. They take your money and nothing good happens for you.
So the most probable outcome if you really can't pay and don't have a lot of assets that wouldn't be exempt in bankruptcy in your state or a job that can be garnished (and in many states heads of household can't be garnished) is that the debt will be sold to a large JDB, and assuming they don't find you suitworthy or settle with you, they will likely sell it down the debt river to a somewhat smaller and more regional JDB in a daisy chain that can be up to about four links long, finally coming to rest with one of two types of collectors: the extremely abusive "Buffalo"-school collector or the JDB that is an arm of a collections attorney's office. The former barks, the latter bites.
At some point, if your financial picture becomes bad enough, you may choose Chapter 7 bankruptcy to slough the debt, or you may be forced into a Chapter 13 if your income is high enough. Chapter 13 will require repayment over 3-5 years of at least a portion of the debt. Also, Chapter 13 plans are onerous and difficult to complete--and if you fall out of them the creditors will come at you all the harder.
However, many consumer successfully take themselves through "informal bankruptcy" by addressing issues as they come along and not using the BK courts. In time, the statute of limitations expires on many creditor claims, while other creditors can be fended off (and even profited from) using the FDCPA and FCRA as shield and sword.
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.
court government
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.
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.
no
sure they can but they cant collect or that is what happens in texas they can get an injunction against you but that means you have to pay them but not when Absolutely. You own them the money and they can hire an attorney or sell the debt to a collection agency.
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.
court government
Only the card expires, not the line of credit it is attached to. So interest will still accrue on the unpaid 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?
the debt dies with them... you owe nothing
The individual would still be responsible for their credit card debt, but their ability to make payments may be impacted while in prison. The debt will not disappear, and the credit card company may pursue collection efforts or legal action to recover the debt.
There were no credit cards in 1900, hence no credit card debt.