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What happens if someone stops paying their credit card bill?

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2014-09-18 00:18:04
2014-09-18 00:18:04

If someone stops paying their credit card bill, the account will go into collections. Additional fees and interests will be added to the account. Based on the amount owed on the credit card bill, the lender may file suit.

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The other co-signer is responsible for paying the mortgage. If the mortgage goes into default both credit records will be ruined. Both signers are equally responsible for full payment. If one doesn't pay the other must or the bank will foreclose.



If a contract was signed, then they need to be taken to court for the amount owed.


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There will be no more lending. Debtors would have to declare financial insolvancy. Money might lose it's value actually.


The other signer must make the payments or the loan will go into default, the property will be taken and your credit will be ruined.


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The only way to avoid paying a debt as a co-signer is to never be a co-signer. Once you sign you guaranty the loan will be paid if the primary borrower stops paying.The only way to avoid paying a debt as a co-signer is to never be a co-signer. Once you sign you guaranty the loan will be paid if the primary borrower stops paying.The only way to avoid paying a debt as a co-signer is to never be a co-signer. Once you sign you guaranty the loan will be paid if the primary borrower stops paying.The only way to avoid paying a debt as a co-signer is to never be a co-signer. Once you sign you guaranty the loan will be paid if the primary borrower stops paying.


It stops at about 0.12 seconds.


The statute of limitations is tolled (stops running) until you return to the US, when they may still be able to sue you.


About two months after one stops paying for the vehicle.


Your body stops functioning, and then eventually, you die.


That is dependent on state laws and whether he stopped paying due to be denied access to the children, which happens in 60% of the cases.



I don't think so. They are not required to keep lending the card holder money if the card holder stops paying it back.


The other must pay the mortgage or the property will be taken by foreclosure and both credit records will suffer. If one will be paying the mortgage they should sue the other for their interest in the property or buy their interest out. You should consult with an attorney.


Yes. If you are on the deed and also signed the mortgage you are the co-owner and you have the right to the use and possession of the property. You are also responsible for paying the mortgage in full if the person you "co-signed" for stops paying it.


your body shuts down, your breathing stops, your heart stops, your blood flow stops, you die



A co-signer is needed by a borrower who's credit is not good enough to get approved for a loan in their own name. The co-signer guarantees the loan will be repaid. If the primary borrower stops making payments the co-signer will be held fully responsiblefor paying the loan balance.A co-signer is needed by a borrower who's credit is not good enough to get approved for a loan in their own name. The co-signer guarantees the loan will be repaid. If the primary borrower stops making payments the co-signer will be held fully responsiblefor paying the loan balance.A co-signer is needed by a borrower who's credit is not good enough to get approved for a loan in their own name. The co-signer guarantees the loan will be repaid. If the primary borrower stops making payments the co-signer will be held fully responsiblefor paying the loan balance.A co-signer is needed by a borrower who's credit is not good enough to get approved for a loan in their own name. The co-signer guarantees the loan will be repaid. If the primary borrower stops making payments the co-signer will be held fully responsiblefor paying the loan balance.


It happens when someone stops their exercise program. It can take up to two weeks for muscular strength to change.


If our digestive system stops working we will eventually die...... yeahh...


If that happens, the body will starve to death.


Do the same things he does to you,and he'll be interested.


The current to the load stops flowing and the load device stops operating.



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