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If you owe an unsecured credit card 750 dollars and you are unable to pay will they likely sue you?
Wiki User
∙ 8y ago
Creditors make the decision to sue on the basis of whether or not the debt is collectable. If the consumer is employed and wages can be garnished, and if the state where the consumer lives allow small claims by CC they probably will sue. If however it involves higher judiciary procedures such as Circuit Court, probably not. It really depnds on how much time and expense is involved in the litigation process.
Wiki User
∙ 8y ago
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How can foreclosure on my credit report affect me?
A foreclosure will affect your credit and credit score by decreasing your score, and potentially lowering your overall credit scoring method. If you have a trust deed and the vast majority of home sales in the United States involve a trust deed once the sale takes place the lender simply gets the home back. There is no deficiency owed. However if there is a second mortgage or most likely a second trust deed that lender will normally not bid at the foreclosure sale and you will owe that as an unsecured debt. If you have only one mortgage or trust deed you can simply let the home go back if you are unable to sell the home. If you owe a significant 2nd loan then you may need to consult with a bankrutpcy attorney to resolve that debt
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my husband is 72 and got laid off. i am 60 and unable to work. we have 15,000.00 in card debt. besides getting a bad rate can they force us to pay ?
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How can foreclosure on my credit report affect me?
A foreclosure will affect your credit and credit score by decreasing your score, and potentially lowering your overall credit scoring method. If you have a trust deed and the vast majority of home sales in the United States involve a trust deed once the sale takes place the lender simply gets the home back. There is no deficiency owed. However if there is a second mortgage or most likely a second trust deed that lender will normally not bid at the foreclosure sale and you will owe that as an unsecured debt. If you have only one mortgage or trust deed you can simply let the home go back if you are unable to sell the home. If you owe a significant 2nd loan then you may need to consult with a bankrutpcy attorney to resolve that debt
What percent of your tax dollars goes for national defense?
Unable to answer - no country is named.
Free credit report with out credit cards?
Credit reports determine your credit score based on your credit card usage. Without a credit card, you'll be unable to obtain a credit report. If you are of age, it is best to obtain a credit card and use it responsibly in order to build good credit. Good luck!
Do you have to pay an unsecured card debt?
my husband is 72 and got laid off. i am 60 and unable to work. we have 15,000.00 in card debt. besides getting a bad rate can they force us to pay ?
What is the difference between credit card primary gateway and credit card secondary gateway?
A secondary gateway is just that, a backup to your primary credit card gateway. A lot of the larger online stores have 2 in case of outages on the primary. Being unable to accept credit cards for even a short period of time for large can lead to thousands of dollars lost to a company. 2 of the most common are Authorize.net (http://www.usamerchantaccounts.net) and Linkpoint (http://www.firstdata.com)
How does one know if they are in credit card crisis?
The signs of credit card crisis are often fairly obvious. If you are unable to keep up with your credit card payments, and are in debt, you can be sure that you are in crisis, and you need to get out.
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