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Do you owe taxes on credit card debt?

Updated: 8/18/2019
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Q: Do you owe taxes on credit card debt?
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If you are leaving dubai will your credit card debt follow you?

Your credit card debt will follow you but may not be recorded on United Sates credit reports. You will still owe the debt but there may be no record of it.


Can you get a passport card if you owe taxes?

No credit check for a passport.


How can you get your credit card interest lowered?

By paying off the debt you owe


What is outstandanding balance in a credit card?

The outstanding balance is very simply the amount of debt that you have charged on the credit card. You owe that amount to the credit card company.


Can you loose home to credit card debt?

No. Credit card debt is unsecured and they can take nothing from you ever. They can only harrass and threaten and trick you into settling for a percntage of what you owe.


What if you leave credit card debt in US?

I owe credit cards companies in the US. Can they collect it in The Netherlands?


If you owe a credit card money and they have your middle initial wrong on the card and account and the debt doesn't appear on your credit report do you have to pay the debt?

you run like hell to Mexico


You owe about 45k on credit card debt and the debt relief agency will not work with you because you have no income what do you do?

Go bankrupt.


Can you be denied a passport because of debt?

Depends on the debt. Usually if you owe things like child support, alimony, and taxes they most likely will deny you a passport. I have never heard of being denied a passport for bad credit card debt.


If credit card debt was sold to another company do you still owe to the original credit card company or the one it was sold to?

If the original debt has been "assigned" to a second organisation then you owe the second organisation (e.g. a debt collection agency that buys defaulted debt ... for about 14p in the pound) If the original debt has not been "assigned" then you owe the original creditor (i.e. the credit card company) It is a question that many credit card companies and the debt collectors they appoint from time to time are very cagey about. Ask them whether or not it has been assigned as you have the right to know this and also ask for a copy of the deed of assignment.


What happens when parents die and their debt is more than the assets by over 60000 in credit card debt and is this debt cancelled?

the debt dies with them... you owe nothing


What should you do if you have a lot of credit card debt then moved from the US to Europe and a credit card company starts to call you?

Pay off the debt. Pay the debts that you owe. Don't you feel responsibility for the debts that you incur?