If you can't pay anymore, the lender has the right to repo. The repo will be reflected on your credit report just like everything else. It will stay on their just as long as everything else. If it is auctioned, the lender has the right to charge you and seek judgment on the difference that the car sold for vs. what you owe them. So yes you will be hounded for the difference plus any costs to repo, ship, auction, paperwork, etc.
You cannot use it until you renew it.
If you return something you bought with a credit card, the merchant will typically refund the purchase amount back to your credit card. This will result in a credit on your credit card statement, reducing the amount you owe.
When you receive a refund on a credit card with a zero balance, the refund amount will typically be added as a credit to your account. This credit can be used towards future purchases or you may request a check for the refunded amount.
You'll be in prison.
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the company is collecting accounts receivable amount equal to the increase in credit
No, you cannot typically purchase an item with a credit card and then return it for cash. Most stores will only refund the amount back to the credit card or provide store credit.
Some examples of nonrefundable tax credits include the Child and Dependent Care Credit, the Adoption Credit, and the Lifetime Learning Credit. These credits can reduce the amount of tax owed, but if the credit exceeds the tax liability, the excess amount cannot be refunded to the taxpayer.
When you return something you bought with a credit card, the amount you paid for the item is typically refunded back to your credit card account. This can help reduce your credit card balance or provide you with a credit for future purchases.
You cannot close it until you settle all your dues to the card issuing bank.
If the credit card was included in the Chapter 7, nothing happens. The account will be closed by the creditor and the amount owed including any accrued interest is wiped out.
You'll be hounded by collection agencies, you'll receive a bad credit score, and you may be taken to court if you have a sufficient enough debt.