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No not legally, never!
I (the one addressed in the above), agree and must apologise to the previous poster. It was foolish of me to make such an absolute statement as all are frauds. The information s/he provided is excellent...and I believe shows we all agree it is an industry fraught with pitfalls and misunderstandings....and you really need to do a lot of research before doing business with any...and as always...if it souns too good to be true....it probably is.
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∙ 12y ago
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What assets can be seized in a judgment in Florida?
Nothing. A lien may be placed on real property that you own. At time of sale..the lien will be satisfied. Kiss the ground you live in florida. You can steal from credit card companies at will.
You have massive credit card debt no assets and do not care about your credit rating what do you do?
You're already doing it.
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.
Are you responsible for your deceased parent's credit card debt?
If the estate has any assets, the estate should pay for the debt before anything is passed on to the heirs. If there are no assets the credit card company will just have to write it off. You are not held responsible unless you co-signed for the card.
What is a secured mastercard?
A "secured" credit card is one for which the holder has made a deposit, usually in the amount of the credit limit on the card. This insures that the issuing bank is not out any money if the holder defaults; they just keep the security deposit in that case.
Credit card debt default and asset seizure?
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.
Mother is deceased all assets are in a trust fund can credit card debt claim assets?
I do not know the fine points of the law. However, it seems to me that the logical thing to do is to pay off the credit card and any other debt that your mother incurred. You can contact the credit card company and ask. You may need to send them a copy of her death certificate.
How can I upgrade my credit card into a Platinum credit card?
If you have a good credit history, with no defaults or other problems, then usually your card provider will be delighted to upgrade you. They make money when you spend money! It is certainly worth contacting them to ask for a credit limit increase.
Where can a student submit a credit card application?
Credit card applications for students are the same as for any person and may be submitted to any major lending institution that offers credit cards. Because students tend to have few assets and/or a limited credit history it is not uncommon for them to be required to have a parent as a co-signer to the credit card.
If you're an autorized user on credit card can you roll it into bankruptcy?
No. That credit obligation does not belong to you, you have simply been authorized to sign for purchases made. Think of the example of a corporate credit card. A company would authorize you to buy things with the card but it is not part of your personal finances. You don't legally have to make payments on it, and if the card defaults they don't come after you for payment. Therefore the account is not your liability.
Can you get another credit card if you owe another?
Yes, you can. Many places will give you a credit card without paying that much attention to your credit report. But be warned, if you're getting yourself deeper into debt, your assets and possessions might be at risk.
Can a credit card company take your car in NYS?
Yes they can ! You entered into a legally-binding contract with the card company when you applied for the card. If you default on the repayments, that contract allows the card company to seize any assets you own. They can then sell your assets and use the money raised to repay YOUR DEBT !
