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What are the implications of credit cards being considered secured debt?
When credit cards are considered secured debt, it means that the credit card company can seize and sell the collateral (such as a house or car) if the cardholder fails to repay the debt. This can have serious consequences for the cardholder, as they risk losing their valuable assets if they are unable to make payments on their credit card.
What is the difference between a debt card and a credit card?
The diffference between a debt card and a credit card is ,in a debt card it's money from your account .In a credit card is when you borrow money from the bank.
Where can I get advice on credit card debt solutions?
I am so in debt and I am worried about paying my credit cards. Where can I get advice on credit card debt solutions?
When are you in credit card debt?
A person is in credit card debt when they have charges on their credit card and can not pay them. A person can make charges on a credit card and make payments at a later date. When a person charges on their credit card, the charge is now a debt that must be paid.
If surviving spouse is insolvent is she responsible for credit card debt in Arizona a communty property state if her name was not on credit card and she never used credit card?
The estate is primarily responsible. However, a spouse is normally considered to benefit from such debt and can be held responsible.
Is a credit card considered unsecured debt?
Yes, a credit card is considered unsecured debt because it is not backed by collateral.
What is the sol in Tennessee for a credit card debt?
Credit Card debt is considered an Open Line of Credit. The Statute of Limitations for collection in Tennessee is 6 years. That would be from the last use or payment.
What are the stature of limitions on credit card debt in Tennessee?
Credit Card debt is considered an Open Line of Credit. The Statute of Limitations for collection in Tennessee is 6 years. That would be from the last use or payment.
What is the statute of limitation on credit card debt inFlorida?
Credit Card debt is considered an Open Line of Credit. The Statute of Limitations for collection in Florida is 4 years. That is measured from the last use or payment.
What is alabamas staue of limmitations law regarding credit debt?
Alabama has one of the longer statute of limitations (SOL) for credit card debt. Credit card debt is considered a contract debt in AL. That makes the SOL 10 years from the date of last activity on the account.
Is a past due credit card debt over 10000 considered a federal offense?
Debt is not a crime in America.
What are the implications of credit cards being considered secured debt?
When credit cards are considered secured debt, it means that the credit card company can seize and sell the collateral (such as a house or car) if the cardholder fails to repay the debt. This can have serious consequences for the cardholder, as they risk losing their valuable assets if they are unable to make payments on their credit card.
If your wages are garnished for a credit card debt do you list it as a secured debt when filing bankruptcy?
No, credit card debt is always considered "unsecured" regardless of what legal action may have been implemented in the collection of monies owed,
What is the difference between a debt card and a credit card?
The diffference between a debt card and a credit card is ,in a debt card it's money from your account .In a credit card is when you borrow money from the bank.
Where can I get advice on credit card debt solutions?
I am so in debt and I am worried about paying my credit cards. Where can I get advice on credit card debt solutions?
What is the statute of limitation for ex spouses credit card debt in Illinois?
Credit Card debt is considered an Open Line of Credit. The Statute of Limitations for collection in Illinois is 5 years. That is measured from the last use or payment.
Could You Get Garnished For A 1900 Credit Card Debt?
There were no credit cards in 1900, hence no credit card debt.
