answersLogoWhite

0


Best Answer

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.

User Avatar

Wiki User

โˆ™ 2014-09-18 00:18:04
This answer is:
๐Ÿ™
0
๐Ÿคจ
0
๐Ÿ˜ฎ
0
User Avatar
Study guides

๐Ÿ““
Create a Study Guide

Add your answer:

Earn +20 pts
Q: What happens if someone stops paying their credit card bill?
Write your answer...
Submit
Related questions

Can you live in your apartment without paying rent?

Of course, as long as someone is paying it. When the rent stops, you no longer have the right to occupy the apartment; it is someone else's property.


What happens when a coborrower stops paying their portion of mortgage?

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.


When can a bank reposses someone's car?

When the "owner" stops paying for it, the bank will probably call repeatedly and may send something in the mail.


What happens if someone stops likeing you but you still love them?

Move on. It's over and you can't change it.


What if someone stops paying in a contract to purchase a mobile home from a private seller?

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


Where do Philadelphia storage auctions occur?

"Philadelphia storage auctions are something that happens when someone has a storage unit full of stuff and stops paying their storage fees. The stuff is auctioned off to pay the rent, this could happen at any storage facility."


What happens if everyone stops paying debts?

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


What happens if cosigner stops making payments?

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.


When will new moon be available to buy?

when it stops paying in theaters


What happens if you do not pay your credit card and leave the country?

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


What happens when sun nuclear fusion stops?

It stops at about 0.12 seconds.


If the biological father stops paying child support and hasn't seen his children for over 3 years how long after he quits paying child support until the step parent adopts the children?

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.


When will your car be repossessed?

About two months after one stops paying for the vehicle.


Can you stop visitations if dad stops paying child support?

In the US, no.


If you don't pay a credit card bill does the company have to get a judgment before freezing your account?

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


What will happen if an unmarried couple separates and one person stops paying the mortgage?

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.


What happens if your heart stops beating?

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


If your name is on a deed and a mortgage with someone else are you co owner of the property?

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.


What does it mean if she randomly stops texting you?

She has run out of phone credit...


What happens if your brain is dead?

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


What happens if respiration stops?

You die.


How do you avoid paying a debt as co signer?

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.


How soon does cardio respiratory detraining occur?

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


What to do when a boy stops paying attention to you and treating you nice?

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


What happens to the body if the digestion stops working?

If that happens, the body will starve to death.