The person's credit card debt will remain as unpaid unless they pay it. Going to prison does not cancel any type of debts incurred.
The individual would still be responsible for their credit card debt, but their ability to make payments may be impacted while in prison. The debt will not disappear, and the credit card company may pursue collection efforts or legal action to recover the debt.
Yes, using someone else's credit card without permission is considered credit card fraud, which is a criminal offense. If caught, you may face legal consequences such as arrest, prosecution, and potential imprisonment. It is important to always obtain proper authorization before using someone else's credit card to avoid legal trouble.
The legal age to obtain a credit card in Alabama is 19. However, individuals under 19 can be authorized users on someone else's credit card.
The legal age to get a credit card in Canada is 18 years old. Those under 18 can become secondary cardholders on someone else's account or get a pre-paid credit card.
You must be at least 18 years of age to apply for credit in the US. However, you must have a co-signer and/or proof of adequate income. To independently get a credit card you must be 21.
Yes, an emancipated minor can establish credit by applying for a credit card with a co-signer, becoming an authorized user on someone else's credit card, or getting a secured credit card. Building a credit history by making on-time payments and keeping credit utilization low can help establish good credit.
You'll be in prison.
Absolutely yes. It happens to someone everyday.
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.
No, you can not give credit that you have to someone else. You can loan someone money or your credit card, but you are still responsible for paying the credit card company back.
Yes I believe you can report credit card fraud if you know someone who has someone elses credit card, if let's say one of your friends or family member got there credit card stolen and you also know the person who stole the credit card you can report a credit card fraud or you can just let your friend or family member report fraud on there credit card, I hope this helps :).
No, unless you hack someone
If they have granted permission. Ideally they'd contact the credit card company to add you as an authorized user.
If they have a credit card facility yes
yes for credit card fraud
to be put in prison
Someone's credit card limit is determined by examining their credit score. Typically, one who has good credit will receive a much higher credit card limit than one who has a bad credit score.
This happens when someone pays too much money on their credit card statement. You have money "on credit" in addition to your credit limit. These amounts can be refunded but will usually remain in the account until you charge using the card again, then those funds will be applied towards your purchases on credit.