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There are a few things that happen if you do not pay your credit card. In the long run, at least making the minimum payments regularly will pay off. For one thing, the credit card companies can raise the interest rates at will and many of them will raise rates on other cards you have if you miss a payment on another. They can't and will not garnish your pay. Second, late payments and charge offs really do affect your credit score for a long time, resulting in higher interest rates when you do qualify for a loan for a house or car. Finally, it is best to get into the habit of paying for services and things that you buy. It is the basis of our economic system and is better for everyone in the community. Also, life is easier without constant worries about what will happen.
In short following things will happen.
- Collection Calls
- Credit Card Cancellation
- Collection Agents on your Door
- Increased Interest Rates
- Bad Credit Score
- Legal Action
- Bankruptcy
What else can I help you with?
If you did not pay your credit card what happens?
the credit card company sends people to get their money i would want to pay them.
What happens when you over pay on a credit card?
When you over pay a credit card, you have then a "credit balance." This means, in essense, the credit card company owes you money. You can either have them send you a check to pay off the difference, or the credit balance will be eliminated when/if you use your card again.
What happens when you overpay on your credit card?
The overpayment will sit on your credit card account until youeither use your card to pay for items and use up the overpayment or you claim it back from the credit card company.
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.
What happens if unsecured credit card debt is not paid?
It goes on the credit reports as a delinquencyAnswer:If you don't pay your credit card debt then to your creditor may take you to civil court and can get a judgment to hold your property. There are other penalty as well if you dont pay your credit card debt.
If you did not pay your credit card what happens?
the credit card company sends people to get their money i would want to pay them.
What happens when you over pay on a credit card?
When you over pay a credit card, you have then a "credit balance." This means, in essense, the credit card company owes you money. You can either have them send you a check to pay off the difference, or the credit balance will be eliminated when/if you use your card again.
What happens when the credit card on file with a company you owe money to is invalid?
They say that I am in contract to pay for everything. They have my credit card and that's it. What can happen if the credit card on file is invalid?
What happens when you overpay on your credit card?
The overpayment will sit on your credit card account until youeither use your card to pay for items and use up the overpayment or you claim it back from the credit card company.
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.
What happens if unsecured credit card debt is not paid?
It goes on the credit reports as a delinquencyAnswer:If you don't pay your credit card debt then to your creditor may take you to civil court and can get a judgment to hold your property. There are other penalty as well if you dont pay your credit card debt.
What happens when you make a purchase using a credit card?
When you make a purchase using a credit card, the credit card company pays the merchant on your behalf. You then owe the credit card company the amount of the purchase, which you must pay back according to the terms of your credit card agreement.
Can you pay movers with a credit card?
Yes, you can pay movers with a credit card.
What happens if one of your credit cards is sold or transferred to another credit card company?
you are still liable to pay what you owe
Can you pay for an appraisal with a credit card?
Yes, you can typically pay for an appraisal with a credit card.
What happens if you cannot pay off your credit card debt in the state of Texas?
You'll be in prison.
Can anyone get a credit card?
if you have money you have to pay for a credit card
