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Can they Take your house if you stop paying credit cards?
sometimes they can sometimes they cant it depends how much you spent
What are two ways to lower your credit score?
1. Max out your credit cards. 2. Pay your bills late. (Or stop paying them altogether.)
What are some ways to manage my debt?
Some tips to manage your debt and start saving money include stop using credit cards. You should also start paying higher payments on credit cards.
What is it called to stop paying off debt?
To stop paying on a debt is to "Default" on the credit agreement.
If you stop paying on your house does it have an effect on your credit cards?
I would think not paying on your credit cards would have the biggest effect on them. I'm sure they would care less if you pay on your house as long as you pay them. If you have to make a choice between the two then pay on your house. Your house is more important to your survival and is secured by your mortgage but your credit card is most likely an unsecured loan.
How soon after you stop paying credit cards can your bank account be frozen?
This seems highly unlikely. I think only the IRS has the power to freeze a bank account.
I have some credit cards what will happen if I stop paying them.?
Please do not stop paying your credit cards back. You will destroy your credit score. It is devastating what can happen if you stop paying off your cards. Credit card companies will harass & chase you for up to 7 years if you do not pay. They can make your life hell. This happened to me. I did my best to always pay off everything I owed. I worked 3 jobs at one time to make sure i had enough money to pay my credit cards on time. But when I got divorced, one of the credit cards I shared with my husband did not get paid. He promised to pay it when we were together. And he was paying it. But when he left me, he took off & decided to not pay the card anymore. Even though the charges on the card were his, I was responsible for the bill (because it was my credit card) . The credit card company did not get tired of chasing me for 7 years. They were relentless with sending me bills, & threatening to take me to court if I did not pay them. They did & I had to pay back the $2,900.00 that my ex-husband did not pay back on my credit card. Fortunately, they did not charge me interest on top of that. This situation ruined my credit score for a few years. After the credit card company got their money back, my credit score slowly recovered but it took many years to recover from this.
If you stop paying on a collection account that no longer shows on your credit report can the collection company report the unpaid balance to the credit bureaus?
Yes they can and they probably will. if you are concerned about your credit profile, it would not be a good idea to stop paying.
How do you stop paying for wow?
dont buy any more cards.
What is the best way to pay off my credit cards and student loan debt?
To pay off loans and debt, be sure that you are paying more than the minimum payment. Stop using your credit cards and pay for everything with cash. When you see actual cash going out, you will me less likely to spend.
If you stop paying your credit cards can they come after your property?
A debt is a debt. The credit card collectors can take you to court and get a judgment on you to pay what is due. They can have your wages garnished. This is the channels they will take first. If they do not get satisfied through garnishments they can go after your property. But this is rare.
Did president Clinton stop the claiming of refunds on credit cards?
yes
