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What else can I help you with?
If you can't pay your credit card bills can the company sue you?
Yes! They can take you to court. If they get a judgment against you they can then garnish your wages. You will be responsible for the money owed, any and all interest, collection fees and court costs. Any amount unpaid will still accrue interest, even if your wages are garnished.
You just finished paying off a wage garnishment I got a bill in the mail stating that I still owe them more money to cover the interest so can interest accrue while being garnished?
In most instances and U.S. states judgment creditors are allowed to charge interest on valid judgments including those executed as wage garnishments. The interested party needs to check the laws of his or her state concerning such fees, as the percentage of interest and the application of same vary.
Do you still have growing interest when you close a credit card account to pay it off?
If there is A ballance still owed on it then the interest is still being billed to the ballance, If you have not closed the card account,,,,,,,,,,,,,,,,,,,,,,,,,,,,DO NOT CLOSE IT UNTILL ITS PAID IN FULL. That is terrible for credit score.
If you close your account with a balance will this hurt your credit or your credit score?
To successfully close an account, you must first have a zero balance on said account. Otherwise, you will still receive bills on that balance, which can and probably will accrue late charges.
Can the bill collector who bought the bad credit card charge interest over the interest that has already accumulated before?
Collection agencies can only charge interest if you agreed to it in your original contract. If they actually bought the debt they shouldn't be able to charge any additional interest on it since you did not sign a contract with them allowing them to do so. Please keep in mind that not all collection agencies buy debt. Some are still collecting on behalf of the original creditor which means interest and fees could continue to accrue.
If a person dies can the credit card account still accrue interest?
No, it should not continue to accrue interest.
If you can't pay your credit card bills can the company sue you?
Yes! They can take you to court. If they get a judgment against you they can then garnish your wages. You will be responsible for the money owed, any and all interest, collection fees and court costs. Any amount unpaid will still accrue interest, even if your wages are garnished.
What happens to unpaid expired credit card?
Only the card expires, not the line of credit it is attached to. So interest will still accrue on the unpaid debt.
Does interest still accrue on your balance once you have closed a credit card account?
Yes, just like any other loan. Late charges, too, if you don't make the payments on time. If you close an credit card account with the bill remaining, do you still have to pay for it.
You just finished paying off a wage garnishment I got a bill in the mail stating that I still owe them more money to cover the interest so can interest accrue while being garnished?
In most instances and U.S. states judgment creditors are allowed to charge interest on valid judgments including those executed as wage garnishments. The interested party needs to check the laws of his or her state concerning such fees, as the percentage of interest and the application of same vary.
Why is it people with poor credit scores can still get credit cards?
Because high interest is a bonus for the credit card business.
Do you still have growing interest when you close a credit card account to pay it off?
If there is A ballance still owed on it then the interest is still being billed to the ballance, If you have not closed the card account,,,,,,,,,,,,,,,,,,,,,,,,,,,,DO NOT CLOSE IT UNTILL ITS PAID IN FULL. That is terrible for credit score.
You received a summons for a credit card bill can your wages be garnished if you do not answer the summons can your wages be garnished if you go to court and still don't pay the balance?
Well there are a variety of things that happens when you don't pay a credit card bill. Your interest goes sky high, and your balance will become huge, they cut you off, your reported to the credit agency/ bureau and collections agency. Yes they can garnish your wages if that is an option for them. You can go to court, there may be jail depending on circumstances. In the end your credit will be ruined. The only circumstance that would bring "Jail" into the equation is if you stole the credit card, or some other form of identity theft. There is NO debtor's prison in the United States!
If you close your account with a balance will this hurt your credit or your credit score?
To successfully close an account, you must first have a zero balance on said account. Otherwise, you will still receive bills on that balance, which can and probably will accrue late charges.
Can the bill collector who bought the bad credit card charge interest over the interest that has already accumulated before?
Collection agencies can only charge interest if you agreed to it in your original contract. If they actually bought the debt they shouldn't be able to charge any additional interest on it since you did not sign a contract with them allowing them to do so. Please keep in mind that not all collection agencies buy debt. Some are still collecting on behalf of the original creditor which means interest and fees could continue to accrue.
What if your credit is 700 but all your credit is max out can you still get a good car loan with a good interest rate?
High utilization will not help you when it comes to getting good interest rate.
Can your income tax check be garnished if your wages are already being garnished?
if my wages are being garnished can they still take my income tax check?
