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All creditors have the option to file suit against debtors who default on any contractual agreement. A few of the laws that govern such matters are the statute of limitations for debt in the state where debtor resides; and the real and/or personal properties belonging to the debtor which is exempted from judgment creditor action.
The best option for anyone who believes they might be subject to a civil suit for defaulted debt is to obtain advice from an attorney who specializes in creditor/debtor/bankruptcy matters.
What else can I help you with?
Where can one find information about the North Carolina State Employees Credit Union?
One can find information about the North Carolina Sate Employees Credit Union on their official website. One can find information about loans, credit cards, investments and contact details.
Can they take your house in North Carolina for not paying credit cards?
If your sued and your creditors receive a judgment they can put a lien on your property.
What services does North Carolina SECU offer?
The North Carolina State Employees' Credit Union offers the following services: -Loans -Accounts & Cards -Estates, Insurance, and Investment Trusts -Branch and Online services
What is the top credit card in North America?
There are many good credit cards in North America. In addition, these credit cards are reliable and of top quality. Visa and American Express are famous cards.
Can a city garnish wages for uncollected liens on a property in North Carolina?
If they are tax liens, yes the N.C. laws prohibiting wage garnishment only apply to consumer debt, such as credit cards.
What can happen if you don't pay your credit cards in North Carolina?
The creditor can sue the account holder(s) to recover the debt. The defaulted account will be entered on the consumer's credit report and negatively affect the person's credit score. That type of negative entry will remain on the CR for 7 years.
What is the meaning of the numbers in a credit score?
The credit score is basically a risk calculator to let creditors know how much of a risk you are when it comes to repaying credit cards and loans. Any number 640 and above is considered a good number. Only the very "best" have scores above 770.
Their are old credit cards on your credit report that are 10-11 years old under the statute of limitations of North Carolina you should be able to remove them right?
The SOL goes by the last time you made a payment or when they reported you delinquent. If your card qualifies then contact the credit reporting agencies and tell them to remove it.
Can you use a credit counseling service to pay the deficiency balance in a repo in nc?
I was a Certified Credit Counselor in the state of North Carolina, and the answer to your question is no. The only accounts that a credit counseling organization will accept are revolving accounts (credit cards), payday loans, utility debts, and medical debts. Repossessions will have to be negotiated between you and the collection agency or lender that has this account.
What are the three types of credit cards available in the market today?
The three types of credit cards available in the market today are secured credit cards, unsecured credit cards, and prepaid credit cards.
What credit cards does the Bank of America offer?
Bank Of America offers many different credit cards. It offers cash rewards credit cards, points rewards credit cards, travel and airline rewards credit cards, lower interest rate credit cards, and build or rebuild credit cards.
What companies provide instant decision credit cards?
Instant decision credit cards are not as common in North Amercia as they are in, for example, the UK. In the UK, popular companies include Tesco Bank and MNBA.
