Can a credit card company sue you in court?
Yes, contrary to what some believe a consumer can be sued for unsecured debt (credit cards, promissory notes, pay day loans,etc.)
Can the credit card company sue you even though you are not a citizen of the country where you get the card?
How can a credit card company sue you when you were not working when you received the card and are not working now and have no cosigner?
In court, "Sue" just means "ask". The credit card company is just asking the court to require you to pay the debt. Yes, they can ask the court to require you to pay. The way THEY view it: You took on an obligation to pay for credit card purchases. You promised to pay for future purchases and be responsible with your finances when you signed the credit card agreement. Then, every time you used the…
A credit card company cannot freeze your bank account. However, it can sue you in court for any overdue balance. If the credit card company is successful, the court will issue a judgment lien that the creditor can use to freeze your bank account and seize any money you have on deposit. In fact, the judgment lien can be used to seize any assets you own to satisfy the lien.
It depends on the credit card application and the structure of the company. Most credit cards issued to a small business are guaranteed by the owner. In that case, you must pay. If the card was issued soley to the company, the credit card company could sue your corporation to recover any assets available. If the company was a sole proprietorship or a partnership, you are liable.
What will happen if you have credit card debt of 90000 from one credit card company and there is a possibility the company may sue you?
Yes, they can. For a credit card company to actually SUE someone is pretty serious. If you're talking about collecting on a debt owed, they can certainly get a judgement against you. If they win a judgement against you, they can collect the debt when you become employed or even have your salary garnished. At least in the U.S., anybody can sue anyone for just about anything. Whether or not that law suit is justified…
Well, the answer is yes, in general. Any company or any person can sue any other company or person for any reason. If what you mean is can a credit card company sue a person for unpaid debt, yes, they can, and they will probably win unless you file bankruptcy or seek some other type of payment agreement.
Will a credit card company win a judgment against you if they sue even though you do not have a job?
If you're talking about a credit card charge you disputed with the credit card company and the credit card company determined the dispute in your favor generally no. The other question you have to ask yourself however is if you received a good or service in exchange for what you charged to your card? Just because the credit card company determined the dispute in your favor and charged back the company, they don't lose the…
Yes, as long as there is an unpaid debt that is due , a cedit card company may sue and get a judgment against the debtor. The problem for the card company is that if there are no wages or income to garnish, it may have to go after other assets the debtor owns or just wait until the debtor gets a job. Judgments are not court orders to find a way to pay them.