A credit card company can sue you and receive a judgment in court demanding you repay your debt, but they can't take your car (or any other property) or put you in jail. Check out the Fair Debt Collection Practices Act for your rights as a consumer.
If you are being sued by a credit card company can they take your house?
A motorcycle that was paid for on a credit card can not be repossessed considering the credit card company paid the dealer. You must pay the card company back though or they can take you to court.
No, you should not have to take out a credit card in your name for business use. Also, if you do this and something goes wrong with the company, YOU will be responsible for the credit debt. If the company wants to use credit cards, it should take them out itself and supply these business cards to its staff. However, a company can require you to accept responsibililty for a company credit card issued for your use. Many companies make it a condition of employment to use the company credit card for official travel and purchases. There is nothing they can do to force you to take the card, but they can fire you for not complying with company policies.
They have to take you to court to take anything from you.
Only if you have authorized them to do so.
they will take your money and repossess your belongings
I would dispute it with the credit card companies and once they will have to take care of it or will either not be able to contact the company and therefore have to take it off.
No they cannot
You should not avoid paying the minimum due in your credit card account. The credit card company does not care if you lost your job. What you need to do is to speak with a credit consolidation agency in your area. Ask around about their reputation. The credit consolidation company will make a deal with your credit card company.
no a credit card company may not take your home away. a creditor can never take anything away if the debt is unsecured such as a credit card. regardless of what anyone posts here, credit card companies cant do anything whatsoever if you stop paying them. your credit is ruined and they call alot, but that's all they can do.
Generally, no, unless you cancel the transaction after the fact. If you have made a payment to the credit card company and cancel after the time the transaction was made, yes, the credit card company may take money out of your checking/savings account. If you made some mistake when using your credit card which resulted in a fee or finance charge, the credit card company may put that amount on your credit card bill but may not take the amount out of your checking/savings account unless you specifically ask them to. If you have automatic payments set up, the credit card company may honor those instructions until you send them a WRITTEN request to change the setup. Most card companies allow you to bypass the written component and change automatic payments online.
You can call your credit card company and have a PIN assigned to your credit card, so you can use it to get cash at ATMs. Mind you, this money is considered a cash advance and the fees and interest charged will be higher.
You will default on your credit card accounts. Being an unsecured loan, there is little a credit card company can do. That is a risk credit card companies take. Regardless of why you can't pay, non-payment will result in default. The extent to which a credit card company will attempt to collect depends on whether or not they feel you have sufficient income.
As many time as they like
A credit limit is the maximum amount of credit that a lender will extend to a debtor for a particular tradeline. For example, it is the most that a credit card company will allow a card holder to take out at once on a card.This limit is based on a variety of factors ranging from an individual's ability to make interest payments, an organization's cashflow and/or ability to repay the credit card debt.
Many credit card companies have in their terms that they have the right to take 3 to 4 weeks to credit your account with a refunded amount. So the merchant may have processed the refund but your credit card company will take 3 - 4 weeks to accept it. This is so they can hit you with balance charges.
Answer: If your credit card company obtains a judgment against you they may take any property of value that they can find.
If you owe them money and they apply through the courts, yes they can.
No, all they can do is take you to court and try to get a ruling against you to garnish wages.
A balance transfer is when an amount owing on one credit card is transferred to another credit card. This is usually done to take advantage of lower interest charges. A credit card company usually specifies a minimum/maximum amount you can transfer.
No ,you can't have a credit card at the age 11.In the age 21 only we can take credit card.
Credit card protection is a form of insurance which an individual can take out with an insurance company. If the individual becomes unable to pay off their credit card debt due to illness or redundancy for example, the insurance will cover the debt.
Take a look at the policy or if you paid by credit card, debit card or cheque have a look at your bank statements.