Prosecuted as in charged with a crime, not typically, unless you committed fraud in obtaining it. Normally it will be a civil suit and could include judgement and garnishment of wages.
Yes. Credit card companies have no obligation to offer an account to anyone they believe could be a future "risk."
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.
It means you will be prosecuted by law if you are still using the card
It could be that your business has reached its credit limit for the month. It could also be that someone using the business credit card is buying something not business related and the credit card company has stopped the card temporarily.
you may not use a credit card in some places, but you could use a debit card
Yes. Credit card companies have no obligation to offer an account to anyone they believe could be a future "risk."
No
Yes.
Not directly. They could sue for your assets, which would include your house though.
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.
It means you will be prosecuted by law if you are still using the card
Yes, if you were prosecuted for it and a judgment was made against you.
Generally, it will sue (or sell the debt to someone who will sue) within the statute of limitations for suing on a credit card debt in your state. This is often 5 years, but it can be less or more.
It maybe related to the credit card processor, or there could be a problem with your card as well. You could ask the restuarant what credit card processor they use, it might be on their POS terminal.
A new green card holder will be in the same situation as any other consumer that has not yet established credit accounts that are reported to the three main credit bureaus. Until you have a traditional credit account that is reported to credit bureaus, you will have no credit history. You will be known as an unscorable, since there is insufficient data to be able to adequately predict your risk of nonpayment on a credit account.
There were no credit cards in 1900, hence no credit card debt.
It could be that your business has reached its credit limit for the month. It could also be that someone using the business credit card is buying something not business related and the credit card company has stopped the card temporarily.