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What else can I help you with?
Can you provide an example of unsecured debt?
An example of unsecured debt is a credit card balance that is not backed by collateral like a house or car.
How do you settle debt with credit card?
Debt CAN be settled with credit card debt and other unsecured debts. Negotiating a settlement is between you and your creditor and settlements have happened for millions of people and helped them get out of debt.
Can you loose home to credit card debt?
No. Credit card debt is unsecured and they can take nothing from you ever. They can only harrass and threaten and trick you into settling for a percntage of what you owe.
Is a credit card considered an unsecured loan?
Yes, a credit card is considered an unsecured loan because it allows you to borrow money without providing collateral, such as a house or car, to secure the debt.
Can credit card companies garnish wages for unsecured debt in NE?
There is no such thing as unsecured debt. There is debt that is not secured by collateral. There is debt that is secured by your signature on a contract. And, yes, if the creditor has obtained a judgment against you for credit card debt, they may serve your employer with an order of garnishee and secure up to 25% of your paycheck per pay period.
Is a credit card considered unsecured debt?
Yes, a credit card is considered unsecured debt because it is not backed by collateral.
Is credit card debt unsecured, meaning it is not backed by collateral?
Yes, credit card debt is unsecured, which means it is not backed by collateral.
What happens when a credit card debt goes to litigation?
A credit card debt will be granted a judgment possibly and then the company can pursue you to collect the debt. A garnishment could even be awarded, although this is rare on unsecured debt.
Can you provide an example of unsecured debt?
An example of unsecured debt is a credit card balance that is not backed by collateral like a house or car.
Can you lose your house if you cant pay unsecured loans or credit card debt?
no
How do you settle debt with credit card?
Debt CAN be settled with credit card debt and other unsecured debts. Negotiating a settlement is between you and your creditor and settlements have happened for millions of people and helped them get out of debt.
Is credit card debt a crime?
No, credit card debt is a unsecured debt. Unsecured debt refers to any type of debt or general obligation that is not collateralized.Hope this helps,My Plastic Walletwww.myplasticwallet.com
Is your husband responsible for your credit card debt in ill if it is at a collection agency?
If his name is not on the card,(He did not sign for the card) Then NO! And credit cards are unsecured loans.
Can you loose home to credit card debt?
No. Credit card debt is unsecured and they can take nothing from you ever. They can only harrass and threaten and trick you into settling for a percntage of what you owe.
Is a credit card considered an unsecured loan?
Yes, a credit card is considered an unsecured loan because it allows you to borrow money without providing collateral, such as a house or car, to secure the debt.
What are the potential risks associated with unsecured credit card debt?
Potential risks associated with unsecured credit card debt include high interest rates leading to increased debt, damage to credit score, accumulation of late fees and penalties, potential for identity theft, and financial stress impacting mental health.
What are some examples of unsecured debt?
Examples of unsecured debt include credit card debt, personal loans, medical bills, and student loans. These types of debt do not require collateral and are typically based on the borrower's creditworthiness.
