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You are totally disabled and can not pay your credit card debt What will happen if you just stop paying?
Wiki User
∙ 13y ago
first ... you'll start getting phone call and letters from the credit card company asking you to pay... keep in mine that all the while there will be fees added to you total sum owed ... second ...the credit card company will sell your debit to a third party (collection agency)... thirdly ... the third party will start sending you latter and calling you asking you to pay ... the third party may even cut what you owe them by as much as half ... keep in mined that the half price deal is not much of one considering that the credit card company has add fee to the amount owed ... fourthly ... the third party may or may not sue you and or ask a Judges for a lean on your property or garnish your pay ( with the exception of SSI and disability moneys they are protected under law ) ... in any event call the credit card company and tell them why you cant pay they may just work with you ... trust me they will take $1 a mouth Vs $0 ...
Wiki User
∙ 13y ago
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What can happen if you stop paying your lease payment?
Assuming it is about a car, they will take it away, you will lose your deposit and your credit will be ruined.
If a credit card company says you owe them money but it is not on your credit report do you have to pay?
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 paying off credit cards increase your credit score?
Yes off course. Paying off any debts will increase your credit score.
How can paying down your credit cards lower your credit score?
Paying down your credit cards won't lower your scores-- but paying off and closing the credit cards will lower the scores. You want to show that your cards are not maxed out and you have plenty of room between the credit limit and the balance .
Does paying your car loan on time raise my credit score?
Paying a debt on time improves your credit score if you had previously not been paying on time (or not at all!)
What is a statement about disability insurance?
Disability insurance will replace your income loss by paying a monthly benefit in case you are too sick or hurt to be able to work at full capacity or totally disabled.
What can happen if you stop paying your lease payment?
Assuming it is about a car, they will take it away, you will lose your deposit and your credit will be ruined.
If a credit card company says you owe them money but it is not on your credit report do you have to pay?
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.
how can i get help paying my credit cards and hospital bills?
help paying credit cards
How do you fix your personal credit?
Pay your bills, develop a history of paying your bills on time and in full. Repairing your credit doesn't happen overnight. Companies want to have assurances that you are a good risk. Paying a few bills doesn't convince anyone. It takes time.
Can being claimed disabled stop father from paying child support?
no
What is an Example of good credit?
Paying off all credit cards each month Paying off all credit cards each month
Can paying off credit cards increase your credit score?
Yes off course. Paying off any debts will increase your credit score.
How can paying down your credit cards lower your credit score?
Paying down your credit cards won't lower your scores-- but paying off and closing the credit cards will lower the scores. You want to show that your cards are not maxed out and you have plenty of room between the credit limit and the balance .
Does paying your car loan on time raise my credit score?
Paying a debt on time improves your credit score if you had previously not been paying on time (or not at all!)
What is an example of exhibiting good credit?
Paying off all credit cards each month Paying off all credit cards each month
Why are you still paying them?
Why are we paying all these countarys and taking money away from our own military and disabled vets .why are we paying for japan after all these years and they started the war
