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What is the likelihood you will be sued to collect a 500 dollar debt from a credit card?
Lizabeth521
At a minimum, it depends on the following:
What the laws of your state allows through the courts: (liens against property, wage garnishment, etc)
If the laws of your state allow such outcomes, it will be up to the creditor to decide if pursuing you in court will adequately serve their purposes.
If you have no assets or job (i.e. you're 95 years old and are in a protected income status (social security recipient) the creditor may go for a default judgment against you. A default judgment will stay on your credit report for 10 years. (but if you're 95, that is the least of your concerns)
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∙ 12y ago
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Can a credit card company collect after 7 years?
no
What is the annual fee for an American Express Gold credit card?
The annual fee for an American Express Gold credit card is $0 for the first year and then $120 for the following years. This fee is explained by the fact that one can collect points for every dollar one spends with the credit card. These points can be used to get gifts from the company.
What if you leave credit card debt in US?
I owe credit cards companies in the US. Can they collect it in The Netherlands?
What legal actions can a credit card company take to collect a 500 dollar debt?
If this about you, you can be sued.You need to pay the company, or make payment arrangments. This won't go away trust me.
How debit card different from credit card?
When you used your debit card, your purchases will be drawn against your savings or checking account, while when you use your credit card, your purchases will be charged to the credit card issuer, which will collect from you with certain interest added to the total amount of your purchases.
Can a credit card company collect after 7 years?
no
What is the annual fee for an American Express Gold credit card?
The annual fee for an American Express Gold credit card is $0 for the first year and then $120 for the following years. This fee is explained by the fact that one can collect points for every dollar one spends with the credit card. These points can be used to get gifts from the company.
Credit card company does not have your social Can they still collect?
If they have your address & phone number they will try to collect. They can sue you.
What if you leave credit card debt in US?
I owe credit cards companies in the US. Can they collect it in The Netherlands?
If you're 18 and about to start college and you just got a credit card is it good if you have a 9.9 interest rate with a 39 dollar fee to get the card and a 200 hundred dollar credit limit?
No. A credit card is the last thing you need right now.
What cash back rates are available to you on a credit card when making a purchase?
The cash back rates available on a credit card to someone when making a purchase are between 0.5% and 5%. If you spent 100 dollar on your credit card, you will get 5 dollar cashback.
What legal actions can a credit card company take to collect a 500 dollar debt?
If this about you, you can be sued.You need to pay the company, or make payment arrangments. This won't go away trust me.
What is the Illinois Statutes of Limitation for the credit cards debt and the tolling?
They have to collect your credit card debt within 6 years for most accounts. Most credit card companies will try to collect a debt over a certain amount, like a thousand dollars.
Can a US creditor collect on an unpaid credit card when the holder lives in Europe?
No
How debit card different from credit card?
When you used your debit card, your purchases will be drawn against your savings or checking account, while when you use your credit card, your purchases will be charged to the credit card issuer, which will collect from you with certain interest added to the total amount of your purchases.
What does it mean if a credit card company enters a judgment on you?
It means that you have that on your credit report for 8 years and that they have the right to collect the judgment from you.
Can a credit card company collect from a deceased persons parents?
Not unless they were guarantors of the debt.
