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Most credit card counseling plans can only decrease the amount of interest you have to pay per year. They don't actually decrease the amount that you owe on your debt.

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โˆ™ 2011-12-08 12:13:37
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Q: Why does credit card counseling often fail?
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What happens if you don't make your credit card payment?

READ YOUR CREDIT CARD AGREEMENT If you fail to pay your credit card, you defaulted on the loan, it will go to a debt collection agency, and you can be taken to court by the credit card company, resulting in a judgment against you.

Can you use a debt card at Redbox?

yes. just tell the redbox its a credit card, then just swipe your debit card.An Opposing Answer:A credit card is not the same as a debit card, and vice versa. If you process a debit card as a credit card when that debit card is not encoded as an alternative credit card, the transaction will fail.

What can a credit card company do if you fail to pay off the bal?

harass you until it gives up

How can I improve my changes of getting approved for a credit card?

You can start by never paying over your limit on a credit card. You will have a good credit score that way and will always be approved. If you do go over your limit and fail to pay back the debt in time, your credit score will get worst.

If you owe 2000 in credit card debts and 4000 from a car repossession what will happen to you if you fail to pay and can they send you to jail for that?

I don't know about anyone going to jail for failing to pay on credit. Basically what happens is unpaid debt usually gets sent to collections but the credit card companies can file suits against you to garnish your wages so they can collect. Basically as far as that's concerned your credit will pretty much be screwed for a long, long, time. IF this is the case for you I would advise consulting credit counseling firms and see what they can do for you.

Can they put you in jail if you fail to pay your debt in credit card?

No. Non payment of debt is a civil matter not a criminal one.

What are the disadvantages to making a credit purchase?

The one possible disadvantage is - You would be charged a hefty interest and penalties if you fail to make payments on your credit card on time. And also it would affect your credit rating..

If you fail to pay your credit card can you be charged with fraud?

Even if you run up thousands in debt and don't pay for six months, they still can't arrest you. In fact, the only way you could really go to jail for racking up credit card debt is if you used someone else's identity to do it. That's called credit fraud

What is considered not credit?

a 0 or fail or if you did not do it

What is mean by personal counseling?

personal counseling means whatever the the things that have known to your self does exist well and believing you are good enough .but if you fail to do it that's the best way to have personal counseling

What are the costs and pitfalls of using charge card debit card and credit card?

With a credit card or charge card - the main pit-fall is interest. If you don't repay the whole outstanding balance before the end of the month, the card company willl charge you interest on the remaining balance. Charge-cards are often limited to one type of store - and charge higher interest than a 'standard' credit card. Debit cards can only be used if there is already enough money in the linked bank account to pay for the goods you're buying immediately. For example, if you try to buy something worth £100, and your account only has £75 in it - the transaction will fail.

Where can one get college credit cards?

There are various banks that offer college credit cards for students. If you already are a customer at a bank where you have an account, check with them and see whether or not they could provide a card. Should they fail to do this, there are some websites you could go to. Like Credit Cards, Find College Cards, U.S. Bank, College Board and Credit Card Guide.

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