You are likely to have your wages garnished. Your credit cards will be cancelled and liens may be placed on property.
If someone stops paying their credit card bill, the account will go into collections. Additional fees and interests will be added to the account. Based on the amount owed on the credit card bill, the lender may file suit.
Can you sue your absent husband for not paying a credit card he borrowed money on, the credit card is in my name only?
Paying off you credit card balance helps you, yourself the most. but according the the fico score they like to see a small balance, for some reason its not good to pay off a card totaly, I have never understood this.
If you add a user to your credit card, they will be able to make purchases using the card and the charges will be linked to your account. You will be responsible for paying off any charges made by the added user.
they will add a late fee to your bill, try and contact you, eventually lower your credit limit, and have a collecting agency contact you
you die!
If someone stops paying their credit card bill, the account will go into collections. Additional fees and interests will be added to the account. Based on the amount owed on the credit card bill, the lender may file suit.
Can you sue your absent husband for not paying a credit card he borrowed money on, the credit card is in my name only?
Paying off you credit card balance helps you, yourself the most. but according the the fico score they like to see a small balance, for some reason its not good to pay off a card totaly, I have never understood this.
Both owners of a joint credit card are equally responsible for paying off the balance on the card. When one dies the survivor is responsible for the full balance.
If you add a user to your credit card, they will be able to make purchases using the card and the charges will be linked to your account. You will be responsible for paying off any charges made by the added user.
they will add a late fee to your bill, try and contact you, eventually lower your credit limit, and have a collecting agency contact you
If you are charging and paying it off each month then it helps. If you never use the card then it really doesn't do much either way.
* Leave the country * Change your identity * Hide in the backwoods * Die * Be declared insolvent or bankrupt. * Never run up any credit card debt.
they smell
Yes, paying off your credit card can help improve your credit score because it reduces your credit utilization ratio and shows responsible credit management.
Paying off a credit card can actually help improve your credit score by reducing your overall debt and showing responsible financial behavior.