Ask Experts Questions for FREE Help !
Ask
    Chesterbear's Avatar
    Chesterbear Posts: 2, Reputation: 1
    New Member
     
    #1

    Jun 9, 2010, 05:06 AM
    Can credit card company sue for non payment?
    If I stop paying minimum on a credit card, can bank or cc company sue me?
    Chesterbear's Avatar
    Chesterbear Posts: 2, Reputation: 1
    New Member
     
    #2

    Jun 9, 2010, 05:07 AM

    What are consequences of stopping payment on credit card?
    DownUnder's Avatar
    DownUnder Posts: 492, Reputation: 24
    Full Member
     
    #3

    Jun 9, 2010, 12:28 PM

    Please give us time to answer your question. There is no need to post it twice. Ok if you don't pay first will come the calls and then the letters still if you don't pay the interest will keep growing and then you will be sued and if you don't go to court and even if you do most likely you get a judgement which will entitle the creditor to snatch the money in your checking account and if your state allows garnish your wages and then again depending on your state a lien could be put on your property. It will be a nightmare that you do not want to go through so if you can try to work on paying the debt off. How much do you owe? Are you working?

Not your question? Ask your question View similar questions

 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Being sued for credit card debt by law firm representing credit card company [ 7 Answers ]

Well, its happened. I have received a summons for a credit card debt by law firm. I have to go to the county court house to talk with the clerk... (not sure what will happen,never been sued before)If I don't go within 20 days, they say they will start proceedings to garnishing my wages. I do owe...

Will credit card company sue me for $4K if I'm unemployed [ 14 Answers ]

I had to quit my job to take care of my toddler child as no quality daycare is available where I live. I owe Bank of America $4,000+. They called and said the account is going to be written off next week and there is a possibility of them suing me. Do you think they will really sue me, knowing...

Credit card company wants to sue [ 2 Answers ]

When I was young, and dumb I might add... I got a credit card and then was unable to pay it back. I was contacted today saying I had to chose to settle it today or get sued, this credit card was from 1998 and the statue of limitations I believe is 4 yrs in Texas... so I would think they would not...

Can a credit card company sue the debtor? [ 5 Answers ]

Hello, I had a $1,500 credit card that I had in 1994 and I paid on it regularly (min payments). In 2001, due to some fiancial difficulties we had to pay one or the other.. our credit cards or mortgage. We went with mortgage. Supposedly our account was written off. After all this time I heard...


View more questions Search