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How much debt do credit card companies consider enough to take legal action?
Wiki User
∙ 17y ago
Most creditors base their decision to pursue a lawsuit against the debtor on how successful they would be at enforcing a judgment award. Needless to say larger debts are a priority, but not necessarily the critieria used for making such a decision as a lawsuit or arbitration action. If the debtor is employed in the majority of states wage garnishment is an option for the creditor and in such a case a lawsuit is feasible regardless of the amount of debt.
Wiki User
∙ 17y ago
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Do credit card companies give a credit card to everybody?
Credit card companies have different requirements and qualifications. If you don't have enough proof that you can pay any loan that you will make through your credit card, your application will not be granted.
How can one get a credit card settlement?
For one to get a credit card settlement, you would need to be far enough late in your payments for your credit card to consider settlement. If you are late, you would call and make an offer.
Can a son transfer his credit card balance of a card to his mom's new credit card?
Provided the mother had enough available credit on the card yes. Incidentally, the mother would have to be the one that called her credit card company to action it.
Can getting a new credit score affect your credit score?
If a consumer does multiple inquiries into their credit file, your score will drop, especially if your inquires are from credit card companies. The theory is: a consumer may not have enough money and needs more credit to sustain his/here lifestyle which bring in more debt, thus applying for more credit.
Does the lender of a second mortgage have any recourse if the payments become late?
Yes, they will report the late payments to the credit bureaus which will damage your credit score, and if enough payments are missed can commence a foreclosure action on the property.
Do credit card companies give a credit card to everybody?
Credit card companies have different requirements and qualifications. If you don't have enough proof that you can pay any loan that you will make through your credit card, your application will not be granted.
Is it lawful for credit card companies to charge unfair high credit card rates?
There are legal limits to how much interest can be charged. Usury rates are different in each state, most credit card companies are smart enough not to break the law.
How can one get a credit card settlement?
For one to get a credit card settlement, you would need to be far enough late in your payments for your credit card to consider settlement. If you are late, you would call and make an offer.
How do you know if your credit level is good enough to buy a car?
You can check to see if your credit is good enough to buy a car by filling an application. There are many car dealers and finance companies that will finance your purchase regardless of your credit score so everyone can buy a new car.
Can a son transfer his credit card balance of a card to his mom's new credit card?
Provided the mother had enough available credit on the card yes. Incidentally, the mother would have to be the one that called her credit card company to action it.
What responsibilities do credit card companies have to ensure you dont get to much credit from one company?
None. The CC Company can continue to increase your credit amount based on the info they have. You have to be responsible enough to keep your debt managable.
Where can one get a car loan approval?
If one wants a car loan approval, one must first consider if one has enough credit. Then one can shop at any car loan company to obtain the best conditions. Some companies that offer car loans are monesupermarket and carloan4u.
Can getting a new credit score affect your credit score?
If a consumer does multiple inquiries into their credit file, your score will drop, especially if your inquires are from credit card companies. The theory is: a consumer may not have enough money and needs more credit to sustain his/here lifestyle which bring in more debt, thus applying for more credit.
Does the lender of a second mortgage have any recourse if the payments become late?
Yes, they will report the late payments to the credit bureaus which will damage your credit score, and if enough payments are missed can commence a foreclosure action on the property.
Where can I get a computer finance?
I know that companies like Compaq and Hewlett Packard have their own financing options on their website. You can also finance Apple products, if you have good enough credit.
Can you refinance and remove the co signer?
Yes, if your credit rating has improved enough to get a loan approval on your own.Yes, if your credit rating has improved enough to get a loan approval on your own.Yes, if your credit rating has improved enough to get a loan approval on your own.Yes, if your credit rating has improved enough to get a loan approval on your own.
What are the advantage and disadvantage of credit?
AdvantagesYou can buy the stock and pay later when you have sold the stock and made enough money to pay them backEases the cash flow as you can pay after 28-30 daysDisadvantagesIf you do not pay them back on time you can build up a bad credit historyOnly companies with good credit history can be accepted the trade credit grant
