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What else can I help you with?
Do you have to pay credit card debts if your name has changed?
Just because your name has changed doesn't mean that you don't have to pay credit card debts. They are still your debts to pay.
Can you lose your house if you cant pay unsecured loans or credit card debt?
no
Are utility bills unsecured debts?
== == Yes, utility bills are classed as unsecured debts but if you are struggling with debts then it is important that you class these as a priority debt. If you find that you are in arrears with your suppliers then it is important that you seek debt help and advice as soon as possible. If you do not pay your bills, your supply can be cut off, in this way they are more important to pay that other form of unsecured debts, such as credit cards or store cards.
Can you explain how an unsecured credit card works?
An unsecured credit card is a type of credit card that does not require any collateral or security deposit. When you use an unsecured credit card, the card issuer extends you a line of credit that you can borrow against. You can make purchases with the card up to the credit limit, and you are required to repay the borrowed amount, usually with interest, by the due date. If you do not pay the full balance, you will be charged interest on the remaining amount.
What should you do if you have a lot of credit card debt then moved from the US to Europe and a credit card company starts to call you?
Pay off the debt. Pay the debts that you owe. Don't you feel responsibility for the debts that you incur?
Does an estate have to pay off the unsecured credit crards of the deceased?
Yes. The debts of the decedent must be paid before any property can be distributed.
Are there any free debt consolidation or debt assistance companies?
No debt consolidation will be free. All they do is pay off your debts for you, and then have you owe them the money. You still have to pay someone the money, and there is still interest gained on it.Debt settlement helps you in reducing your credit card debt & other unsecured debts. yourdebtfreeadvisor.com provides credit card debt settlement,tailor made plans for debt negotiation and giving you relief from your debts & taking the financial burden off your shoulder.
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 your uncle died and he has an estate account do you have to pay his credit card debt?
All assets and debts are handled in accordance with state probate laws. All non-exempt assets are used to pay the deceased's debts according to their priority, credit card accounts and other unsecured debts are considered of low priority. The deceased's family members are NOT responsible for paying the debts, the exception is a surviving spouse if the couple resided in a community property state. If there was a will, no property will be distributed to named heirs until debts have been satisfied, if there was not a will the state's intestate laws will apply.
What is a secured credit card and an unsecured credit card?
A secured credit card is a pay to play system. That is you must bank a certain amount with the issuing bank before you may use the card. If that balance is met or exceeded, your ability to use the card will end. An unsecured card is a type of loan; you may use the card up to your assigned limit with no penalty (other than that outlined in the credit agreement).
When you die do your children have to pay your credit card off?
The estate is responsible for the debts. Anyone on the credit card would also be liable for the debt.
What should you pay off first secured or unsecured depts?
When deciding whether to pay off secured or unsecured debts first, prioritize secured debts, such as mortgages or car loans, as these are tied to assets that could be repossessed if unpaid. Unsecured debts, like credit cards or personal loans, typically have higher interest rates, but they don’t involve collateral. However, if your unsecured debt is significantly affecting your credit score or finances, addressing it sooner may be beneficial. Ultimately, consider your overall financial situation and interest rates to make the best decision.
