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goes to collection agency
I don't know, but like most things, it is best to take care of business and not put it off. Someday you will need credit again and the sooner you get back on the right path, the better off you will be in the long run. The first thing to do is to reduce your lifestyle to the least you can spend (housing etc. at less than half of what you earn?) and sell your belongings ($4,000 car instead of ?) and bank the results.Go on a spending holiday--buy only food that you can cook.Check out bankrupcy. Go to a non-profit credit counseling. Your credit rating is probably toast for awhile, but even after a few years, bankrupcy clears off of it.
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What happens if unsecured credit card debt is not paid?
It goes on the credit reports as a delinquencyAnswer:If you don't pay your credit card debt then to your creditor may take you to civil court and can get a judgment to hold your property. There are other penalty as well if you dont pay your credit card debt.
Can you keep a credit card if you dont list it on your bankruptcy and want to keep it but file bankruptcy on all other debt?
You are not supposed to do this. You need to list all of your debt. In all likelihood, what will probably happen is that the credit card will find out about it anyway and cancel the card. Even if you have a 0 balance, the credit card will probably take it upon themselves and cancel the card.
Father has credit card debt Mother and Father own the house No Mortgage Can credit card compaines come after house should he die?
You should name your country, In England, no, anywhere else, I dont know.
What are the three c's of a credit card?
Its theftYou cant have it if you dont have a credit cardWe dont know you!
You dont have a credit card can you still get your credit score?
If you have never bought anything on credit, you do not have a credit score.
What happens if unsecured credit card debt is not paid?
It goes on the credit reports as a delinquencyAnswer:If you don't pay your credit card debt then to your creditor may take you to civil court and can get a judgment to hold your property. There are other penalty as well if you dont pay your credit card debt.
When would you subtract a negative number from a negative number in real life?
credit card debt. spending money from money you dont have. credit card debt. spending money from money you dont have.
Can you keep a credit card if you dont list it on your bankruptcy and want to keep it but file bankruptcy on all other debt?
You are not supposed to do this. You need to list all of your debt. In all likelihood, what will probably happen is that the credit card will find out about it anyway and cancel the card. Even if you have a 0 balance, the credit card will probably take it upon themselves and cancel the card.
Father has credit card debt Mother and Father own the house No Mortgage Can credit card compaines come after house should he die?
You should name your country, In England, no, anywhere else, I dont know.
if i dont have a credit card then how can i apply for a grant when i cant get a credit card?
if i dont have a credit card ,how can i apply for a grant without one to pay the $2.95 shipping fee
Somebody stole my debt card?
no i dont
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.
Would it be a good idea to give a teen a credit card gift card?
It would be a good idea to give your teen a credit card gift card becasue it would give them money to spend but it would limit their spending so they dont make you or themselves go into debt
Do you have to pay a credit card bill if don't use the credit card?
No, since you dont use the card, you dont have any charges made to the card, you owe the bank/card issuer nothing, you dont have to pay anything except for an annual fees which is included in the credit card statement/bill
If you dont have credit history how are you going to get a credit card to establish credit?
year
What are the three c's of a credit card?
Its theftYou cant have it if you dont have a credit cardWe dont know you!
If a third party purchased your credit card debt and sends a letter asking if you are the debtor should you answer yes and then proceed the discussion with the third party or keep unanswered?
If you are planning on paying the debt then let them know it is you and negotiate to have it removed from your credit report once its paid. If you dont plan on paying the debt then it will stay on your credit report for seven years regardless of whether you answer that letter.
