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It depends on how much you owe the credit card company. If it is under 3000.00 they will sell it to a collection agency who then can take you to court. It ruins your credit. If it is over 3,000.00 they can go to court (usually without your knowledge) and put a garnishment on your bank account. You go to the bank one day and surprise..no money. They will leave the levy on your account until the amount owed(plus interest) is satisfied. The bank has to do this if there is a court order. Your best bet is to call the bank or credit card company and try to work out payments. Retired Credit Collections Supervisor

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18y ago

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