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Not usually
If you obtained your credit card legally and with your own personal information then no, failure to pay is not a crime. The credit card company took a risk in lending you the money and chose to give it to you. Your failure to repay them is a civil matter not a criminal one and at most they could do is sue you to garnish wages or property in an attempt to recover the money. In most cases it will not even go that far, it will simply get reported on your credit score and make it harder to obtain another credit card until this one is paid back.
There would need to be additional behavior to make it a felony. If you deliberately falsified information to fraudulently obtain a credit card and than defaulted on its payments or if you stole someone's identity and than failed to pay it off than this would be theft during the commission of another crime. This could result in criminal charges for fraud, identity theft and felony theft.
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What is the difference between a debt card and a credit card?
The diffference between a debt card and a credit card is ,in a debt card it's money from your account .In a credit card is when you borrow money from the bank.
Where can I get advice on credit card debt solutions?
I am so in debt and I am worried about paying my credit cards. Where can I get advice on credit card debt solutions?
When are you in credit card debt?
A person is in credit card debt when they have charges on their credit card and can not pay them. A person can make charges on a credit card and make payments at a later date. When a person charges on their credit card, the charge is now a debt that must be paid.
Is an additional credit card holder liable for the whole debt on the credit card account?
ia an additional credit card holder liable for the whole debt of the credit card account
Who is responsible for outstanding credit card debt if bank cancels your credit card?
You are because you incurred the debt.
How long is the Arkansas statute of limitations for felony check writing?
What is the statue of limitations for credit card debt reporting
What is the difference between a debt card and a credit card?
The diffference between a debt card and a credit card is ,in a debt card it's money from your account .In a credit card is when you borrow money from the bank.
Where can I get advice on credit card debt solutions?
I am so in debt and I am worried about paying my credit cards. Where can I get advice on credit card debt solutions?
Could You Get Garnished For A 1900 Credit Card Debt?
There were no credit cards in 1900, hence no credit card debt.
When are you in credit card debt?
A person is in credit card debt when they have charges on their credit card and can not pay them. A person can make charges on a credit card and make payments at a later date. When a person charges on their credit card, the charge is now a debt that must be paid.
Is an additional credit card holder liable for the whole debt on the credit card account?
ia an additional credit card holder liable for the whole debt of the credit card account
Who is responsible for outstanding credit card debt if bank cancels your credit card?
You are because you incurred the debt.
What type of services does 800 Credit Card Dept offer?
800 Credit Card Debt helps you consolidate all of your credit card debt into one monthly payment. They do this by contacting your credit card debt companies and negotiating a payment for you.
Is paying off your credit card bad?
Only if you OWN the credit card company. Credit card debt is a silent killer. Make the choice to carry ZERO credit card debt.
Is an authorized credit card user responsible for credit card debt if the primary card holder declares bankruptcy?
No. The card holder is responsible for all debt on the credit they extended to him. (You may be responsible to the credit card holder for the debt he incurred for you, if that was your agreement).
What is the definition of credit card debt?
Credit card debt occurs when a consumer uses their credit card in excess and are unable to pay the bill. Often times the consumers has more than one credit card and they use them all and get into more debt.
How is getting out of credit card debt possible?
There are companies that offer assistance with getting out of credit card debt. It is possible to get out of credit card debt by carefully watching spending and managing income and expenses, then slowly paying off the debt.
