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Being in the collections business, I will guarantee you that people get sued by credit card companies everyday. What can they get? That depends on what state you live in and what the laws of that state permit. I know for a fact that in many cases the defendant can be assessed with attorney's fees, court costs, interest - nasty stuff that could have been avoided if it never went to court. If you want to know what can happen but don't start asking, you will run out of time. Waiting could be it's own answer.
The last posting was probably written by a bill collector. The chances that a credit card company will sue you is very very slim. If the credit card company sells your debt to a Collection Company the Collection Company cannot legally sue you in most states. The big question is" How long can you put up with harassing phone calls and letters?? If it doesn't bother you, don't worry about it.
Sorry, but the above entry is not quite correct. Credit card debt is considered unsecured debt. That does not mean that the issuer or the third party purchaser cannot take legal action to recover monies owed. It is true that the CC company itself seldom sues but sells the account to a collection agency. Collectors do sue for any amount they can get because that is how they make money. All states allow lawsuits for defaulted debts. The issue is not if a person can be sued but what property real or personal can be seized for the repayment of the debt. That matter is where state laws differ in what can be taken, how it can be taken and what the amount can be. For example, garnishment laws differ state-to-state.
What else can I help you with?
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?
Can you sue your absent husband for not paying a credit card he borrowed money on from you?
Can you sue your absent husband for not paying a credit card he borrowed money on, the credit card is in my name only?
If you left the US and have not paid the credit card for a year and now want to return would the credit card companies be able to trace and sue you?
Sure, if you get a job, it would be fairly easy for a "skip tracer" to track you down.
What are some of the 'major' credit card companies?
Some of the 'major' credit card companies are Visa, Mastercard, and American Express. These three are the three largest credit card companies in the world.
What credit card companies offer cash advances?
There are a number of credit card companies that offer cash advances to customers. One can get them from Citi credit cards, Commonwealth Bank Credit card and the HSBC Credit Card.
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?
Can credit card companies sue you if your 65 years old or older?
No. They cannot sue you just because you are 65 years old or older. Yes - They can sue you, if you owe them money
Can credit card companies sue after the settlement for unpaid due?
tyes because u r fat
Can you sue your absent husband for not paying a credit card he borrowed money on from you?
Can you sue your absent husband for not paying a credit card he borrowed money on, the credit card is in my name only?
Can the credit card company sue you even though you are not a citizen of the country where you get the card?
Yes. Why should your citizenship matter? If you did something that harmed the credit card company, they can sue you.
Where to get a credit card?
Banks and credit card companies i guess
If you are enrolled with a debt consolidation program can the credit card companies sue you and take your property?
First off, the credit card company doesn't want your stuff. They won't come and take your TV or whatever you bought. Usually, if you are having a debt consolidation company divide up your payments - the credit card company won't bother you. BUT, sometimes the consolidation companies don't start making the payments when you give them the money. Sometimes, they keep your first and/or second payments as part of their fee. IF they didn't pay, the credit card people can sue you.
What are some of the 'major' credit card companies?
Some of the 'major' credit card companies are Visa, Mastercard, and American Express. These three are the three largest credit card companies in the world.
When you die can credit card companies put a judgment on my property?
...you...my...?When I die, your credit card companies have absolutely nothing to do with the situation.When I die my credit card companies will take whatever I owe them.
If you left the US and have not paid the credit card for a year and now want to return would the credit card companies be able to trace and sue you?
Sure, if you get a job, it would be fairly easy for a "skip tracer" to track you down.
How do credit card companies earn profits?
Credit card companies earn profits by charging interest.
What credit card companies offer cash advances?
There are a number of credit card companies that offer cash advances to customers. One can get them from Citi credit cards, Commonwealth Bank Credit card and the HSBC Credit Card.
