It depends. Some credit cards come to you as equity loans (you activate the card, it gives you a limit on the card equal to the equity on your house) and if you don't pay off the loan, the house belongs to the company. If it is a regular credit card and you don't pay, they may take you to court and win a judgment against you. That would allow them to put a lien on the house in the amount of the judgement. So, to answer your question, yes, there are ways that a credit card company can put a lien on your house.
If they have your address & phone number they will try to collect. They can sue you.
They purchase bad credit and attempt to collect and resell the bad debt. One of the founders started another company called Creditmax LLC in West Palm Beach, FL.
It means that you have that on your credit report for 8 years and that they have the right to collect the judgment from you.
Not unless they were guarantors of the debt.
Try for another company.
Yes. Even though the chargeoff line item should come off of the credit report in seven years, the credit card company may attempt to collect their debt for as long as they wish (assuming no fair credit collection laws are broken in the process).
When often another company buys a credit card company, they have purchased your account. Most often, it is business as usual, and payments are directed to the new owner of the account.
Accounts payable is a credit balance, because that is how much you owe to another company. Accounts receivable (the amount you will receive from another company) is a debit balance.
you are still liable to pay what you owe
The statue of limitations on credit card fraud in Florida is 4 years. The credit card company forfeits any legal action to collect debt after 4 years.
Thomas Cook used to be a credit card company years ago. Thomas Cook no longer provide any credit cards they were bought out and merged with another company.