The short answer is yes. However it is much more complicated. In the case of an incomptent person's finances, where there is no a Power of Attorney or legal guardian order the court takes over. The procedure can be simple or very complexed depending on the state of residency and other contributing factors. The state statutes regarding this issue can be reviewed for specifics. Please email me if you feel I can be of assistance.
It is possible for an 82-year-old with Alzheimer's to be taken to court for unpaid credit card debt. The court would need to determine the individual's mental capacity to handle their finances and legal matters. It is advised to seek legal assistance to navigate this situation.
Yes, credit card companies can sue individuals of any age for unpaid debts. Age does not exempt someone from legal action for failing to pay their credit card bills.
Credit card companies typically consider various factors when deciding to sue for credit card debt, such as the amount owed and the borrower's ability to repay. While age may not be a determining factor on its own, the borrower's overall financial situation and assets may influence the company's decision. It's important for elderly borrowers facing difficulty with credit card debt to seek financial advice and explore options for managing their debt.
If you are unable to pay your credit card bills while in a nursing home in Georgia, the credit card agency may pursue legal action against you for non-payment. This could involve the debt being turned over to a collection agency or an attorney for further action. It's important to be proactive in communicating your situation with the credit card agency and seek advice from a legal professional if needed.
The responsibility for your grandmother's credit card debt typically falls on her estate after she passes away. If there are insufficient funds in the estate to cover the debt, the creditors may not be able to collect. It's advised to consult with a legal professional to understand the specific implications in this situation.
If a person is in a nursing home and unable to make payments on their credit card debt, the debt typically remains their responsibility. The credit card company may work with the individual, their family, or their power of attorney to establish a repayment plan or negotiate a settlement. In some cases, if the individual has no assets, the debt may be written off by the credit card company.
Garnishments can only be issued on debts which have been taken to court and a judgment has been issued. A person can be sued and taken to court for a credit card debt.
It is possible to get an out-of-court settlement for a credit card. Credit card companies and collection agencies offer a variety of payment and settlement options for the debtor.
yes you can be taken to court however if you have no assets really all it will affect is your credit score and some harrassing calls, since it is illegal to garnish your wages in pa
No.
When a person is taken to civil court (for example, a credit card company suing a cardholder to get paid back), the court makes a judgment for or against the plaintiff (entity initiating the lawsuit, in this example, the credit card company). If the judgment is for the plaintiff, the result is effectively a judgment against the defendant (the person taken to court in the example). Part of the judgment is the amount that is to be paid to the entity winning the court case (judgment). Judgements against a borrower (and the amount set to be paid by that borrower) will make their way onto the credit report and will cause a drop in credit score.
Yes. A car can be taken for a credit card debt if the creditor sues you in court, is successful and obtains a judgment lien. The creditor can use that judgment lien to take any property you own including your home and your car and your bank account.
Cristina's Court - 2006 The Dom and the Credit Card was released on: USA: 22 May 2009
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A company can seize assets doe to credit card default if they obtain a judgment through the court. You will be notified of the court date.
your creditor will give ur case to credit collection agency...and if if u dint pay can b taken to court where magistrate can ask u to pay fine and all the debts including court admin charges
Simply contact the credit card company - and ask for a payment to be taken from your debit card. They'll ask for the card number, expiry date and ccv. The payment will be taken from the account associated with your debit card almost immediately.
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.