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Generally no, but it depends upon other events and the state you live in. That would take a court order for garnishment of wages.
The procedure goes something like this:
1) You default
2) They harass you to get you to pay it back
3) They charge it off and sell the debt to a 3rd party collector
4) The collector harasses you. Perhaps if the amount is substantial they will file a lawsuit.
5) You either fight the case or they win a default judgment on the debt (most of the time people ignore the summons and lose by default). ALWAYS answer a lawsuit.
6) If they win the suit, they can try to collect depending upon state laws. They can:
- File to garnish wages (I know Texas doesn't allow this)
- Attach any bank accounts they can find
- File liens on property of value
7) One exception to this rule is if you have a checking/savings account at a bank that you owe money to. They can seize those funds as an 'offset' to their likely loss on a default without having to get a court order. You authorized this when you set up your account (in the small print).
Hope that helps
What else can I help you with?
Which bank issues the Gap Card?
The Gap store credit card called GapCard is issued by GE Capital Retail Bank, which is also known by GECRB. Gap also issues a Gap Visa card that is also issued by GECRB.
Do you have to sign anything before your employer issues you a company credit card?
I would expect you would have to sign an agreement to be held responsible for all purchases made on the card.
What is subsidiary credit cards?
Subsidiary credit cards are viable credit cards issued under the direction of a major credit card company. For example, the American Express Company issues several different types of credit cards. They have cards that give you cash back, cards that give you points to purchase other items, and cards that earn airline travel miles. Each one of these types of cards are subsidiary credit cards.
Who issues Capital One credit cards?
Capital One credit cards are issued by Capital One Financial Corporation, a bank holding company based in the United States. They offer a variety of credit card products, including rewards cards, secured cards, and cards for individuals with varying credit histories. Additionally, Capital One partners with other organizations to issue co-branded credit cards.
What is the normal balance of a common stock account?
Credit balance (it's an equity account - and should normally have a credit balance, if it doesn't you have issues that need to be resolved, pronto) - should be the par value times he number of shares... andt here can be shares issued with different par values, keep that in mind.
When should Skype credit be issued?
"Skype credit should be issued if the service goes down, or if the user is unable to use the software properly. I'd imagine that the company issues credit to their users in a case-by-case basis, but only when the problem was the company's fault (not the fault of the user)."
Which bank issues the Gap Card?
The Gap store credit card called GapCard is issued by GE Capital Retail Bank, which is also known by GECRB. Gap also issues a Gap Visa card that is also issued by GECRB.
Do you have to sign anything before your employer issues you a company credit card?
I would expect you would have to sign an agreement to be held responsible for all purchases made on the card.
What are treasury issues?
Treasury issues are bonds that are issued by the United States government for a specific purpose. Sometimes when a city wants to build a new school or new park, they will ask for a bond issue from their state government. It is a type of loan that has to be paid back over time.
Who issues credit cards?
Credit card companies.
What is subsidiary credit cards?
Subsidiary credit cards are viable credit cards issued under the direction of a major credit card company. For example, the American Express Company issues several different types of credit cards. They have cards that give you cash back, cards that give you points to purchase other items, and cards that earn airline travel miles. Each one of these types of cards are subsidiary credit cards.
Are California iou's an unconstitutional bill of credit?
California IOUs are not considered an unconstitutional bill of credit because they function as a form of payment from the state rather than a promise to pay in the future. They are issued as a response to cash flow issues and serve as a temporary solution until the state can meet its financial obligations.
Is HSBC Bank Nevada NA a legitimate bank that issues credit cards?
yes it is. i have credit card through them. they also work with retailers to provide loans like cars, and motorcycle purchases.
Who issues money?
Paper money is issued by the Federal Reserve.
Employment issues care assistant?
what does employer expect care assistant to do
Why does an employer issue an i9 form?
An employer issues a i9 form because the employer is required to do by the united states government to make sure workers are legal and allowed to be working.
Now take my red black card and your jewelry?
The "red card/black card" reference in "Fire Burning" by Sean Kingston basically means take everything he has. Black credit cards issued by Visa require an excellent credit rating and high salary requirements. They are usually by invitation only by the credit card issuer. Long known as a global leader in the credit industry, American Express issues a red credit card.
