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Can credit card companies put you in jail for non-payment when you have no assets left?
Wiki User
∙ 18y ago
Absolutely not. Even when lawsuits are inititated, won and judgments granted to the plaintiff, many debtors will be "judgment proof" (the legal term is execution proof). This indicates the debtor has no assets that can be attached by creditors for debt owed. Many judgments are renewable, therefore, the judgment holder may exercise that option in the hope that the debtor will eventually acquire attachable property.
Wiki User
∙ 18y ago
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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 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.
What are some of the 'major' credit card companies?
Some of the 'major' credit card companies are Visa, Mastercard, and American Express. These three are the three largest credit card companies in the world.
What credit card companies offer cash advances?
There are a number of credit card companies that offer cash advances to customers. One can get them from Citi credit cards, Commonwealth Bank Credit card and the HSBC Credit Card.
What companies offer guaranteed credit card approval?
When looking for a credit card some type of credit history assessment will have to take place. No companies will offer a guaranteed offer of credit. Some companies are easier to be accepted to if you have poor credit history such as a credit builder card.
Can you lose your house for nonpayment on a credit card debit of if your house is paid off?
Not directly. They could sue for your assets, which would include your house though.
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."
Which credit card companies extend credit to small businesses?
For one, I know Bank of America has many small business credit card programs. A small business credit card is always better than using your personal card because the debt is tied to business assets instead of personal assets. Go to www.bankofamerica.com to see what they offer.
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.
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.
Where to get a credit card?
Banks and credit card companies i guess
When you die can credit card companies put a judgment on my property?
...you...my...?When I die, your credit card companies have absolutely nothing to do with the situation.When I die my credit card companies will take whatever I owe them.
What are some of the 'major' credit card companies?
Some of the 'major' credit card companies are Visa, Mastercard, and American Express. These three are the three largest credit card companies in the world.
How do credit card companies earn profits?
Credit card companies earn profits by charging interest.
What credit card companies offer cash advances?
There are a number of credit card companies that offer cash advances to customers. One can get them from Citi credit cards, Commonwealth Bank Credit card and the HSBC Credit Card.
Where can one find reviews on Credit Card Companies?
There are many places where one can read reviews on credit card companies. One can read reviews on credit card companies at popular on the web sources such as Capital One and Credit Card Guide.
What companies offer guaranteed credit card approval?
When looking for a credit card some type of credit history assessment will have to take place. No companies will offer a guaranteed offer of credit. Some companies are easier to be accepted to if you have poor credit history such as a credit builder card.
