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    khurram08's Avatar
    khurram08 Posts: 3, Reputation: 1
    New Member
     
    #1

    Oct 11, 2008, 09:13 AM
    Credit card debt!
    Hi, I'm a undergrad student and live in a rented room.I don't have any property or any money in the bank. Moreover I'm unemployed since last 3 months.im getting calls from TFCU bank regarding my outstanding credit card bill.I ve tried to explain them that I don't have any money on me to even make like 50$ contribution towards my bill rite now.so gimme sometime but they isn't willing to compromise. Now today they said that if I won't pay them money by 4 pm they will take further action againts me. Can you tell me what sort of action they will take?will I be sent to jail?will they come to my place or send anybody to collect money? I'm having a panic attack rite now. Help me & let me know about the risks involved in this! I ll really appreciate the help!
    ZoeMarie's Avatar
    ZoeMarie Posts: 2,049, Reputation: 468
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    #2

    Oct 11, 2008, 09:15 AM

    I know this isn't going to answer your question at all but have you been looking for a job?? Anything??
    khurram08's Avatar
    khurram08 Posts: 3, Reputation: 1
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    #3

    Oct 11, 2008, 09:32 AM

    Yup I'm.. but things isn't wrkng out yet & the TFCU people are hounding the life out of me.. they said they will take action against me:(
    ZoeMarie's Avatar
    ZoeMarie Posts: 2,049, Reputation: 468
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    #4

    Oct 11, 2008, 09:40 AM

    Well, I'm not an expert but I googled it and this is what I came up with.

    WikiAnswers - What legal action can a credit card company enforce

    You could try it too and see what you come up with.
    slowandeasy's Avatar
    slowandeasy Posts: 353, Reputation: 14
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    #5

    Oct 11, 2008, 03:27 PM

    Hello K

    You can not go to jail. But the creditor can sue and win a judgement thus giving them the ability to garnish your wages,{when you go to work} if your state allows and freeze your bank account. How old is the debt?
    khurram08's Avatar
    khurram08 Posts: 3, Reputation: 1
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    #6

    Oct 11, 2008, 09:58 PM
    Hey thanks everyone for answering my querry.. its just 2 months old... my main concern is that they dun show up at my door as I ve stopped replying to their fone cals & their mails.. as I tried a lot earlier to make them understand that I'm out of job gimme sum time but they dun seem to believe me... :S
    rodie151's Avatar
    rodie151 Posts: 7, Reputation: 1
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    #7

    Oct 12, 2008, 06:27 AM
    They will probably just turn it over to a collection agency who eventually will pursue civil action against you. Your not going to jail.

    Here's some tips.
    Investment For Beginners

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