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    reneey19's Avatar
    reneey19 Posts: 8, Reputation: 1
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    #1

    Nov 7, 2007, 06:43 PM
    Credit card debt
    Can you go to jail for having credit card debt for certain credit cards.
    Clough's Avatar
    Clough Posts: 26,677, Reputation: 1649
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    #2

    Nov 7, 2007, 06:46 PM
    I suppose that might be a possibility down the road after all other avenues of the credit card companies getting their money have been explored. But, it's usually not what happens. I personally, have not known someone to go to jail for credit card debt. But, maybe someone else has.

    Why do you ask, please?
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    Clough Posts: 26,677, Reputation: 1649
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    #3

    Nov 7, 2007, 06:56 PM
    I'm not an expert on financing or credit card debt. But, I have been in debt with credit cards to the extent that court action was going to take place.

    I do have strategies that I used in order to avoid the court action and also lower payments on cards to what I can afford. I may be able to advise you concerning that, if you would share some with me as to why you are asking your question.
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    reneey19 Posts: 8, Reputation: 1
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    #4

    Nov 7, 2007, 07:11 PM
    Quote Originally Posted by reneey19
    can you go to jail for having credit card debt for certain credit cards.
    Because I receive a subpoena in the mail from one of my credit card companies, they want me to fill out all this information about me, I do not know what to do, do you think I should send it?
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    Clough Posts: 26,677, Reputation: 1649
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    #5

    Nov 7, 2007, 07:14 PM
    I wouldn't send out or sign anything without speaking with the credit card company first. Have you tried calling them? Is it a subpoena for you to go to court or just a letter that says they will be taking court action against you?
    reneey19's Avatar
    reneey19 Posts: 8, Reputation: 1
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    #6

    Nov 7, 2007, 07:18 PM
    It is a subpeona
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    reneey19 Posts: 8, Reputation: 1
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    #7

    Nov 7, 2007, 07:20 PM
    Do you think that it is a good idea to file bankrupt
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    reneey19 Posts: 8, Reputation: 1
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    #8

    Nov 7, 2007, 07:22 PM
    The credit card is with the attorneys office and they will not answer any of my questions until I send the subpoena.
    Clough's Avatar
    Clough Posts: 26,677, Reputation: 1649
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    #9

    Nov 7, 2007, 07:23 PM
    Quote Originally Posted by reneey19
    It is a subpeona
    From the court? Was it hand-delivered to you?
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    Clough Posts: 26,677, Reputation: 1649
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    #10

    Nov 7, 2007, 07:24 PM
    Quote Originally Posted by reneey19
    do you think that it is a good idea to file bankrupt
    Only as a very last resort after absolutely everything else has been tried.
    reneey19's Avatar
    reneey19 Posts: 8, Reputation: 1
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    #11

    Nov 7, 2007, 07:24 PM
    It is a subpoena to go to court
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    reneey19 Posts: 8, Reputation: 1
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    #12

    Nov 7, 2007, 07:26 PM
    No it was not hand delivered to me it was send in the mail for the attorney office
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    reneey19 Posts: 8, Reputation: 1
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    #13

    Nov 7, 2007, 07:27 PM
    What are the pro and cons of filing bankrupt do you know?
    Clough's Avatar
    Clough Posts: 26,677, Reputation: 1649
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    #14

    Nov 7, 2007, 07:31 PM
    Quote Originally Posted by reneey19
    no it was not hand delivered to me it was send in the mail for the attorney office
    Do you live in the U.S. And if so, what state, please?
    Clough's Avatar
    Clough Posts: 26,677, Reputation: 1649
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    #15

    Nov 7, 2007, 07:36 PM
    Quote Originally Posted by reneey19
    what are the pro and cons of filing bankrupt do you know?
    The pros that I know of would be that you would have your debts to people to whom you owe money paid off, either in whole or in part. I'm no expert at this. But, I have considered filing at certain times myself. There are also at least two types of bankruptcy to consider. I'm not sure of all the ins and outs to them.

    You would get more or less of a fresh start with your finances would be another pro.

    The cons that I can think of would be that you have to pay for the bankruptcy and that your credit for a number of years will be not very good at all.
    Clough's Avatar
    Clough Posts: 26,677, Reputation: 1649
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    #16

    Nov 7, 2007, 07:39 PM
    Some additional questions:

    Are you working?

    Are you married?

    Do you own your own home and automobiles?

    Is this subpoena for only one credit card?
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