Yes. If the account is not paid as agreed in the original contract the creditor can sue the debtor, but they ususally try to avoid legal action.
If you are being sued by a credit card company can they take your house?
If you don't pay your credit card bill... yes.
No, but in all likelihood a default judgment will be entered in favor of the plaintiff and can be enforced against the defendant debtor's real or personal property according to the laws of the debtor's state.
Yes you can.
I mean is can the house have a lien put on it by the credit card co.?
Absolutely yes. It happens to someone everyday.
Your bank sets the limit. But yes.
Of course, and they can be sued if they don't pay.
Yes. Every time you sign for a purchase, you are agreeing to the terms and conditions of use of the credit card which includes repayment. If you don't repay the debt, you will be sued for not only the credit card charges but for interest and probably legal fees, too.
Yes....AND/or you would have your wages garnished.
A credit card company can be sued if the company puts the charge on your bill. It is a civil matter and would be taken to small claims court.
Yes, but only after you are sued, lose and have a judgement against you.
A person's wages can not be garnished unless a judgment is obtained in court against that person. People get sued all the time for credit card debt. Once the credit card company gets a judgment, then they can garnish wages.
If you're only an authorized user on a credit card, you don't directly owe anything as far as the credit company is concerned. However, you can still be sued by the individual who has the card account.
It means that if you copy something copyright and don't give it its props (or credit) you will be sued
Yes, the agreement includes their ability to sue you for unpaid bills.
Generally, credit card companies cannot "seize" money in any form. However, they could get a court ordered judgment against you, and if the company has a lien on your bank accounts, they will be able to take any money that is deposited there, regardless of the source. However, if you've defaulted on credit cards to the point where you've been sued, and they've gotten judgments, you aren't going to qualify for a student loan anyway, so this is moot.
In Indiana, a credit card company can only garnish wages if there has been a judgment against you. If they sued you, and you lost or did not show, and the Judge determined you owed, they can garnish you. They can not do it on their own.
There are no laws concerning the age of the debtor that prohibits a creditor lawsuit with the exception of those that relate to minors. An individual under the age of majority for their state of residence (usually 18) cannot legally enter into a financial contract and therefore could not be sued for debt. The exception to this rule is if the minor obtained credit, goods, monies by the use of deliberate fraudulent actions, such as using false indentification/information to procure a credit card.
get a job(s!) and pay off the debt
In general, yes, however if you don't, you will (normally) automatically lose the case.