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Answered 2011-09-13 17:40:43

It means YOU will be paying for a car someone else is driving. it means lenders and collection agencies will be calling YOU and bugging YOU while they ride around listening to CDs. It means YOU will be getting letters in the mail about judgments while they drive around lookin purty. It means YOU will have your paycheck garnisheed every week while they ride around for free. NO, I'm not trying to be mean, its just the facts. Signing for someone else is NOT the thing to do. Best thing you could do for your credit is go get the car, drive it yourself and PAY FOR IT. good Luck

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What can happen if i don't pay my credit card bills?

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If it isn't on your credit report, the credit card company still has hopes of you paying it off. When they see that isn't going to happen, you can bet your butt that it WILL be on your credit report.

Can a property be foreclosed on for credit card debt?

Since credit cards are unsecured loans, there is no collateral that the credit card company can repossess if you go into default on your payments. That being said, a credit card company can take you to court and sue you for the unpaid balance. When that happens, the judge can order income withholding or other measures to settle the debt. I've never heard of any judge ordering a foreclosure because of unsecured debt, and while I suppose it's possible, I don't think it would ever happen. The amount owed would have to be so immense that it would make sense for the credit card company to go to that much effort. I hope that helps, and best of luck to you! --Connie, ConsolidatedCredit.org

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