answersLogoWhite

0


Best Answer

As long as you have the debt, there is no expiration date.

User Avatar

Wiki User

โˆ™ 2006-03-06 18:37:32
This answer is:
๐Ÿ™
0
๐Ÿคจ
0
๐Ÿ˜ฎ
0
User Avatar

Add your answer:

Earn +20 pts
Q: Can a credit card company go after you for money forever?
Write your answer...
Submit
Sign up for more answers

Registered users can ask questions, leave comments, and earn points for submitting new answers.

Already have an account? Log in

Related questions

Can you use an ATM card online?

Yes. If the card is a debit card then you are spending your own money. If it is a Credit Card then you spending the credit card companies money and you can quickly forget how you can repay that money back to the credit card company with interest


Where can one apply for an Egg money credit card?

One can no longer apply for an Egg money credit card. The company was sold to Barclaycard in early 2011. One can apply for a Barclaycard credit card at the company website.


What is an annual credit card fee?

Its a fee the credit card company charges you yearly for using their money


Who do I owe money to credit card or bank if I get a credit card?

You owe the money to the credit card company. Some credit card companies are part of banks or they allow their credit cards to be used through a bank, but they are specific entities in their own right.


If you did not pay your credit card what happens?

the credit card company sends people to get their money i would want to pay them.


Can a credit card company take money from your debit card?

Only if you have authorized them to do so.


What is the difference between a debit card and credit card?

A debit card takes money directly from your account. A credit card takes the money from the credit card company, and the credit card company will bill you in monthly installments until you pay them back (plus interest). A debit card is like paying in cash, without actually having the cash on you. A credit card is similar to taking a small loan.


What happens if credit card dues are not paid n credit card company sues you?

they will take your money and repossess your belongings


Are credit card and debit card money What is difference between credit and debit cards?

A credit card is when you are loaned money by the card company and are able to use it before hand; after which you have to pay them back. A debit card on the other hand is a card with your money on it and you use it as you wish but once the card has no money left, you have to put more money on it before you can use it again.


I am a corporate secretary and the company that i work gave me a credit card and told me i can use it now they want their money back?

Credit cards borrow money, so if you've used the card, then you owe the company that money back.


What is one benefit to using a debit card that is not a benefit of using a credit card to make a purchase?

With a debit card you can only use money that you put in a bank and with a credit card you are using the money from the credit card company which can lead to bankruptcy if you are not careful.


Can IRAs be garnished for credit card debt?

Any individual savings account can be garnished against defrauding a credit card company. Retirement money from corporate plans can not. Defrauding a credit card company is serious business and they will do everything they can to recoup the stolen funds. If the credit card company can prove you attempted to use the cards to put that money into the IRA they can prosecute for fraud and theft.


What happens when the credit card on file with a company you owe money to is invalid?

They say that I am in contract to pay for everything. They have my credit card and that's it. What can happen if the credit card on file is invalid?


What do you do if a company does not refund your money to your credit card within 30 days?

You have 60 days to file a dispute with the credit card company. Call the company who owes you money and tell them they have 48 hours to refund your money or you will do a "chargeback." Companies hate that word because it is like a bounced check, they get charged a $25 fee (varies from state to state). If they do not refund your money, call your credit card company and tell them you want to dispute a charge on your credit account.


What are the differences between a debit card and a credit card?

The difference between a credit card and a debit card is a debit card is for money that you place in your own bank account that can be withdrawn with a personal pin number. A credit card company lends the person money and charges interest.


What program can be used to help someone keep track of their credit card balances?

This depends on the company that one has their credit card with. The company that one has a credit card through usually has a program that will track where one is spending the most money.


You gave a company your credit card as proof of id and they took money without permission?

My guess is that company was a collection agency? Never give anyone your bank info, or credit card info. If the company was a legitimate company you were doing business with and you did not authorize payment dispute the charge with your credit card company.


If a credit card company says you owe them money but it is not on your credit report do you have to pay?

If it isn't on your credit report, the credit card company still has hopes of you paying it off. When they see that isn't going to happen, you can bet your butt that it WILL be on your credit report.


What is the difference between money and a credit card?

Money is an instant payment - once you've paid for something in currency - it's yours. A credit card is essentially a contract between you, the card company and the retailer. The card company pays the retailer on your behalf, and they recover the money from you - usually with interest added for the convenience.


Can a credit card company or debt collector take money from your IRA?

No they cannot


Can you send credit from someone to someone else?

No, you can not give credit that you have to someone else. You can loan someone money or your credit card, but you are still responsible for paying the credit card company back.


What information does the magnetic stripe on a credit card hold?

i think the password of you account. like if you have a credit card(ADCB,ADIB,NBID) any card. the credit card company also have a website which allows you to see your money in the credit card maybe not sure.


Can a credit card company bill a consumer for unauthorized charges if the credit card was improperly issued by the credit card company and the card was not activated and was stolen from the home?

Notify them that the credit card was stolen to the credit card company and dispute all the charges on the credit card. You would also have to file a police report if the credit card was stolen. The credit card company must investigate the charges.


Consequence for breaching a credit card contract?

Your credit card will be withdrawn, your ability to get a credit card from another company will be reduced, your credit rating may suffer, legal procedings may be commenced to recover and money you owe.


How can a grace period help you save money on credit card payment?

If a credit card company offers you a period of time when you do not need to repay your liability, then, when you to start repaying your monthly costs will be more. You certainly will not save money. Speak to the citizens advice bureau or speak again to the credit card company.