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If you are being sued for an unsecured credit card debt and you are not working can the credit card company collect?
Yes. When enforcing a writ of judgment creditors prefer wage garnishment or bank account levy, as those are the easiest to enforce. However, a judgment can also be used to place a lien against property or to liquidate nonexempt assets. All states have exemptions to protect specific property, both real and personal from creditor action. In most cases the most important one is the homestead exemption.
What else can I help you with?
What happens when a credit card debt goes to litigation?
A credit card debt will be granted a judgment possibly and then the company can pursue you to collect the debt. A garnishment could even be awarded, although this is rare on unsecured debt.
Which company offer bad credit loan with unsecured credit?
Some of the places that offer a loan with unsecured credit can do so by browsing the websites for such companies as Amigo Loans, Achieve Credit as well as Aspire Money.
What happens when you are in a nursing home and can longer pay your credit cards?
You will default on your credit card accounts. Being an unsecured loan, there is little a credit card company can do. That is a risk credit card companies take. Regardless of why you can't pay, non-payment will result in default. The extent to which a credit card company will attempt to collect depends on whether or not they feel you have sufficient income.
Can a credit card company collect after 7 years?
no
Is a credit card considered a secured or unsecured loan?
A credit card is considered an unsecured loan.
What are considered unsecured business lines of credit?
An unsecured business line of credit is a working capital that one needs to in order to obtain short term assets to prepare for long term successes. They provide flexible payment options to allow credit solution for businesses.
What is a unsecured credit card?
A secured credit card requires a security deposit. An unsecured credit card is the traditional credit which does not require a security deposit.
Why are unsecured credit cards easy to get?
Unsecured credit cards are easy to get because they have no restriction and anyone can get them. You do not need a good credit history or an account to get one.
Are credit cards considered unsecured loans?
Yes, credit cards are considered unsecured loans because they do not require collateral to be approved for a line of credit.
Credit card company does not have your social Can they still collect?
If they have your address & phone number they will try to collect. They can sue you.
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 Difference Between An Unsecured Loan And Line Of Credit?
An unsecured loan has a set repayment term. An unsecured line of credit can be paid off at your pace and can be used over and over.
