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You let your friend use your credit card with the agreement that he would pay monthly until the balance was paid off. He's not paying. How do you collect your money?
Wiki User
∙ 14y ago
You would need to sue your friend in court and obtain a judgment in your favor. However, verbal agreements are extremely difficult to prove. You would need evidence such as a record of what was purchased, proof he made some payments such as copies of payments he made by check, copies of emails where you discussed his purchase and where he admitted he owed you money and wasn't paying, copies of text messages where you discussed the same. You would need to prove to the judge's satisfaction that he owes you money.
Best advice for everyone is:
- don't let anyone else use your credit card;
- don't co-sign for any loans;
- don't loan sums of money without having a signed promissory note with a due date signed by the borrower;
- don't let anyone else drive your car;
- don't drive anyone else's car.
Wiki User
∙ 14y ago
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What is a monthly trial balance?
A monthly trial balance is a listing of all the net balances (debit or credit) of all ledger accounts at the end of each month. The trial balance is said to "balance" if the sum of all the debit accounts equals the sum of all the credit accounts.
What is the finance charge on a credit card balance of 3299.19 at a monthly rate of 1.2?
$39.59
Monique's previous credit card balance is 199.26 and she has a monthly finance charge of 1.5 How much will the credit card company assess in finance charges on this balance?
$2.99
Protects you when applying to receive credit?
Calculate the finance charge on a credit card balance of 3,299.19 at a monthly rate of 1.2%.
What protects you when applying to receive credit?
Calculate the finance charge on a credit card balance of 3,299.19 at a monthly rate of 1.2%.
Do Capital One credit cards make you pay a monthly fee?
Yes Credit cards have an interest charge that applies to your monthly balance as well as a monthly fee for having a card . Credit cards are vwery expensive . You are better off only using cash .
What is the finance charge on a credit card balance of 3299.19 at a monthly rate of 1.2 percent?
39.59
How a credit agreement may be terminated?
A credit agreement that affects real estate can be terminated by paying off the balance and requesting a release/discharge from the lender that can be recorded in the land records. If the agreement doesn't affect real property then any balance must be paid off and the account should be closed.
Can credit card companies sue you after or during bankruptcy?
Not likely. They can come to collect if you have a balance but sue you why?
Will a credit card company collect on a debt when the person has no money to pay the debt?
Yes, the credit card company will just continue to send you the bill until such time that your balance reach an amount applicable for a legal proceeding. When you don't pay your bill, your balance will accumulate penalties and charges, which will increase your balances monthly. Therefore, it is best that you seek the assistance of a credit card debt help counselor.
What is the statute of limitations in on medical bills in Kentucky?
Debt collection in Kentucky is long. The creditor has up to 15 years to collect on a written agreement. They have 5 years for an Oral agreement or Credit Card.
How much would a monthly payment be on 14000 on credit card?
Three to five percent of the statement balance.
