Immediately contact your credit provider, apologize for the situation and ask what you can do about it. There will be a solution, and they would much rather you work with them to find this solution rather than bury your head in the sand and hope the debt will go away. It won't. With luck you'll find a way of explaining how you've let the matter reach the summons stage.
Only the card expires, not the line of credit it is attached to. So interest will still accrue on the unpaid debt.
I'd request the President bail US out! However I think the best thing to do would be to offer a payment plan, no matter how small the monthly payment. CC companies dont want to go to court anymore than you do!
it denotes the amount of unpaid purchases on the card.
YES, that is one of the fears with not paying your credit cards on time.
The statute of limitation for unpaid credit cards in N.Y. is 7 years.
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.
Only the card expires, not the line of credit it is attached to. So interest will still accrue on the unpaid debt.
I'd request the President bail US out! However I think the best thing to do would be to offer a payment plan, no matter how small the monthly payment. CC companies dont want to go to court anymore than you do!
y bro
As of now, failure to pay a credit card bill in the Philippines does not directly affect your police record or NBI records. However, it can lead to legal actions by the credit card company, such as filing a case in court or involving a collection agency. Non-payment can also negatively impact your credit score and future creditworthiness.
Yes, only a reasonable attempt to serve a civil summons is necessary. If the defendant is not located, refuses service of the summons, etc. the creditor's suit will be heard and usually a default judgment will be entered against the defendant.
as long as it remains a part of your credit report, 7 years.
it denotes the amount of unpaid purchases on the card.
yes
No.
no, this is not a criminal case.
Yes, after they sue and receive a judgment they can garnish wages up to 25% of the person's take home pay.