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You'll be hounded by collection agencies, you'll receive a bad credit score, and you may be taken to court if you have a sufficient enough debt.

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11y ago

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What percent will your income increase if you accept credit cards?

Credit cards cannot increase your income.


Is there 1000 credit on all social security cards?

No. I have no idea where you would have got this notion. Social Security cards are not credit cards and cannot be used as credit cards.


Can MN garnish wages from credit cards sent to a lawyer?

Credit Cards cannot be garnished. If there are credit card debts, the wages can be garnished regardless of the location of the cards.


How can I obtain credit cards for free?

You cannot obtain credit cards for free. Credit cards typically come with fees and interest charges that must be paid by the cardholder.


Should you make payments on some credit cards if you cannot on all cards?

yes.


What happens to credit cards in a bankruptcy when there is a zero balance?

it does not work


If you cant afford to pay car payment and credit cards which is better to pay if you are going to pay on one?

Pay the car payment. So you can take your butt to work and pay the credit cards!


Can you use static shielding bags for credit cards?

no we cannot use


What happens to charged off credit cards?

They are sold to collection agencies and negatively impact your credit report.


Is it bad for your credit to cancel credit cards?

If you have no forms of credit, then it can hurt your credit rating. Your rating is determined on your use of credit facilities - if you do not have any forms of credit then your record will drop. That said, it's unusual not to have some kind of repayment obligation such as a mortgage or car loan, all of which show a track record of credit and repayment. Having too many credit cards can be a poor signal on your credit record. Depending on your income and your existing repayment obligations, having too many cards shows a possibility of incurring a credit burden you cannot afford to repay, so cancelling some of the more expensive APR cards and/or consolidating balances onto a single card may improve your credit rating.


Can two different credit cards have the same number but different last 4 digits?

No, two different credit cards cannot have the same number but different last 4 digits. Each credit card number is unique and cannot be duplicated.


What happens if i default into pay my credit card bill?

This could damage your credit score. It will be harder for you to get credit cards or loans in the future.