If you do not pay your debts, a creditor may take court action and try to secure the debt to an asset, to assure payment. They can then start to foreclose or take the asset to get payment. Any costs a credit card company incurs to collect the debt you owe becomes costs you are responsible for. So you will pay for their lawyers too. Uh....do you think you can just not pay on your sworn legal promise to pay and nothing will be done?
I believe that if a credit card company takes you to court and you or your representative (attorney) do not appear, a summary judgment can be issued against you and the court can order your wages garnished.
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.
A credit card company can garnish you wages if they successfully sue for the owed funds in court. They cannot garnish wages before going through the court system.
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.
No.
They have to take you to court to take anything from you.
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.
Yes, after obtaining a judgment writ from the court.
As many time as they like
No, all they can do is take you to court and try to get a ruling against you to garnish wages.
No, a sheriff sale in Pennsylvania cannot be held to repay credit card debt. Sheriff sales are typically used to sell foreclosed properties to repay mortgage debt, unpaid taxes, or certain government liens. Credit card debt would be resolved through a different legal process, such as debt collection or civil court action.
The credit card company will pursue you for the unpaid debt, usually they will get a court order which will give you a very poor credit rating for several years