Yes, you may leave the country even if you have outstanding debt. However, you will still be held accountable for paying off that debt.
During events of emergencies such as car accidents, personal property damages or getting too sick, some credit card companies offer supplemental insurance for credit card. The case of being sick with unpaid credit cards will be handled accordingly with applicable laws.
Unpaid credit cards won't effect your ability to travel. If left unpaid, they will be charged off and likely assigned or sold to a collections agency. The collections agency will continue to attempt collections, and your credit will be impacted negatively for seven years.
Most business credit cards do come with a personal guarantee. There are, however, ways to get a business credit card that does not require a personal guarantee.
There are many types of credit cards as per your requirements.
As a chase customer I can honestly say yes they do offer both personal & business credit cards and they have a wide variety of personal and business credit cards some have rewards and other special perks.
You credit score will decrease significantly if you do not pay your minimum credit card payment every month. Unpaid cards will be reported as delinquent and really destroy your score.
When leaving the country as much as possible one must have a good standing credit. 0 cards mean bad credit score, which happens to anyone who are stuck in financial crisis due to unpaid credit card debts.
During events of emergencies such as car accidents, personal property damages or getting too sick, some credit card companies offer supplemental insurance for credit card. The case of being sick with unpaid credit cards will be handled accordingly with applicable laws.
Unpaid credit cards won't effect your ability to travel. If left unpaid, they will be charged off and likely assigned or sold to a collections agency. The collections agency will continue to attempt collections, and your credit will be impacted negatively for seven years.
YES, that is one of the fears with not paying your credit cards on time.
Most business credit cards do come with a personal guarantee. There are, however, ways to get a business credit card that does not require a personal guarantee.
The statute of limitation for unpaid credit cards in N.Y. is 7 years.
There are many types of credit cards as per your requirements.
As a chase customer I can honestly say yes they do offer both personal & business credit cards and they have a wide variety of personal and business credit cards some have rewards and other special perks.
You could possibly go to jail and or prison. Sorry IF this question is an actuality for you. :(
No. When you applied for the business credit cards, it appears you were required to sign as personal guarantor as a condition of the cards being approved. The only way to be removed is to request it from the credit card companies who issued the cards. it would depend how long you have had the cards and if they feel your business has developed an acceptable credit history.
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