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Can a credit card company put a lien on a car your making payments on?
Wiki User
∙ 11y ago
If you fail to make payments on your credit card, the company could sue you, take a judgment against you, and possiblyseize your car and sell it at auction. However, the credit card company would have to pay off the car loan in order to clear the title. That would not be worthwhile for them to do unless the car was worth significantly more that the unpaid car loan balance.
It is also possible that the credit card company could not seize and sell your var because most states provide certain exemptions from execution on judgments. These exemptions vary widely from state to state.
Wiki User
∙ 11y ago
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Can a credit card come send you to collections if you are making a payment?
They can do whatever they want if you are behind, but it would be weird for them to pursue collections if you are making REGULAR payments. Call the credit card company and make arrangements.
Can you close your credit card account and continue to make payments?
No, what usaully takes place is that the credit card company freeze your credit card account and you continue to make payments
If you are enrolled with a debt consolidation program can the credit card companies sue you and take your property?
First off, the credit card company doesn't want your stuff. They won't come and take your TV or whatever you bought. Usually, if you are having a debt consolidation company divide up your payments - the credit card company won't bother you. BUT, sometimes the consolidation companies don't start making the payments when you give them the money. Sometimes, they keep your first and/or second payments as part of their fee. IF they didn't pay, the credit card people can sue you.
How do you get into credit card debt?
By using them & only making the minimum payments.
Can a person be jailed for not making credit card payments?
No. They can't put you in jail.
Where can free software be found to allow a company to accept credit cards?
Several websites offer services where a company can accept credit card payments for free. The Site Wizard is one site that will guide one on how to accept credit card payments on their website.
Does the credit card company can sue you because of non payment of your monthly dues while you are staying in the other country?
A credit card company will add non payment onto the outstanding balance and that in turn wil incur the agreed interest charges of your credit card company. Also, if you continue to miss payments even though you are staying abroad, this will eventually affect your credit rating, making it very difficult to get future credit.
Do credit card charges increase if you make a few late payments?
Depends on the credit card company. If you are constantly late with your payments you have to pay the late fee and some companies may charge you a higher rate.
How can one apply for a credit card when already has a mortgage in the UK?
As long as one is not behind on their mortgage payments, one should not effect the other. If one hasn't been making payments they will likely not be accepted for a credit card.
Which company is this with telephone number 072052499?
First Gulf Bank Collections department - Credit Card Payments
What happens if you did not pay a credit card debt in UK?
The card company can (and usually do) take you to court to recover their money. If you have a credit card, you have a contract with the card company to repay any outstanding balance. If you default on payments, you will have ample opportunity to rectify your failings. If you simply ignore reminders etc - the card company can swiftly get you into court to answer for your failure to keep to your part of the contract. A judgement against you will result in money taken directly from your wages (or state benefits) and you will be placed on the bad debtors list - making it virtually impossible to get a loan, mortgage or credit card in the future. If you're having difficulties making the monthly payments - TALK to the card company ! They would usually prefer to come to a sensible arrangement, that go through the legal route !
What makes my credit rating increase?
By making on or before time payment of your financial liabliliies.. like EMI's, credit card payments etc..
