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Certainly ... and why shouldn't they? The consumer has purchased an item using money that was borrowed on the condition (in writing) that the consumer would repay the advanced money within a specified time limit at a certain interest rate. When the consumer refuses to make the monthly payment, they have breached a written, and legally binding, agreement, and the credit card company has full rights to use whatever legal means are necessary in order to be repaid.
Put yourself in the creditors shoes ... say some nimrod borrows $4,000 from you and doesn't want to pay you back, so you just "forgive" the loan? Hardly!
CORRECTION!! Yes. They can sue you. Everyone has the right to sue. However, you don't have to show up at court and you can't get arrested for it. Of course it's always better to take care if your debt. But the fact is-it just a bunch of paperwork.
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What can happen if i don't pay my credit card bills?
If you don't pay your credit card bill, the company may put the nonpayment on your credit report. Also, the credit company may sue you in court.
How does someone pay for another person's credit card with their credit card?
Phone the person's card company - tell them you'd like to make a payment - then follow their instructions.
How much does a person need to spend on a company credit card before its considered a crime?
If the person is not authorised to use the company credit card, anything they spend is fraud - no matter how much or how little the amount !
Can you be turned down for a credit card that you had claimed on a Ch 7 because of nonpayment if your credit is now good?
Yes. Credit card companies have no obligation to offer an account to anyone they believe could be a future "risk."
What should a person do if he she receives a pre-approved credit card and does not want to use it?
Return it to the card company !
What can happen if i don't pay my credit card bills?
If you don't pay your credit card bill, the company may put the nonpayment on your credit report. Also, the credit company may sue you in court.
How long before credit card company sues for nonpayment?
Generally, it will sue (or sell the debt to someone who will sue) within the statute of limitations for suing on a credit card debt in your state. This is often 5 years, but it can be less or more.
If you have both checking and credit cards with the same bank can the bank freeze your checking for nonpayment of the credit card?
Yes.
How does someone pay for another person's credit card with their credit card?
Phone the person's card company - tell them you'd like to make a payment - then follow their instructions.
Who is responsible for a deceased person credit card?
Bank's Insurance company
How much does a person need to spend on a company credit card before its considered a crime?
If the person is not authorised to use the company credit card, anything they spend is fraud - no matter how much or how little the amount !
Is it legal for retailer to store credit card numbers?
No it is not !If a person pays for goods or services by credit card, the Credit Card Company is the only organisation allowed to retain details about the customers card.
Can you be turned down for a credit card that you had claimed on a Ch 7 because of nonpayment if your credit is now good?
Yes. Credit card companies have no obligation to offer an account to anyone they believe could be a future "risk."
Can a person with just lifetime rights on a deed be sued by a credit card company?
I mean is can the house have a lien put on it by the credit card co.?
Can you re-open a credit card once closed?
Credit card companies will not reopen a credit card account once it has been closed. The company will issue a new credit card and new account if it wishes to do business with the person.
What should a person do if he she receives a pre-approved credit card and does not want to use it?
Return it to the card company !
What should a person do if he receives a pre-approved credit card and does not want to use it?
Return it to the card company !
