Can you be arrested for credit card debt?

Can you be arrested for credit card debt?
by

1 Answer

Answer :

answer:You won’t go to jail for it. You could be fined for not paying the bills on time. It will certainly affect your credit rating. I would contact the credit card company, they may allow you to pay back your fees in instalments. I’d suggest maybe staying away from credit cards in the future. I used to have one myself in the past. While I never ran into debt with it, I did find the interest rate was pretty high. I only use a bankers debit card now (which takes the funds directly out of my bank account). All I ever pay is a transaction fee.
by

Related questions

Why are the ATM machines still busy, if people can pay with credit card, and debit card just about any store nowadays?

Description : Why are the ATM machines still busy, if people can pay with credit card, and debit card just about any store nowadays?

Last Answer : It doesn’t cost me anything to use the ATM at my bank. And sometimes I just want to pay with cash. If I’m out with friends, I pay my share with cash. At strange gas stations away from home I prefer to pay with cash. Buying a quick donut or sandwich, cash.

Credit card/credit question.

Description : Credit card/credit question.

Last Answer : I would just ask the bank,or the credit company the card was issued under, BUT if I had to guess I would think you would have to use it somewhat, but why not, just don’t go nuts and make sure you pay it off completely every month and your credit will soar.

How long should I wait before requesting a credit line increase on my credit card?

Description : How long should I wait before requesting a credit line increase on my credit card?

Last Answer : I would wait at least 6 months, possibly a year. You don’t want to be turned down for an increase—that would impact your credit score. Be sure to use the card regularly and pay it off on time every month.

Who paid for the fraudulent charges on my credit card? and how do they know I didn't visit the strip club?

Description : Who paid for the fraudulent charges on my credit card? and how do they know I didn't visit the strip club?

Last Answer : You were probably not the only one who was scammed. Often, they just don't pay the company where they charge was made, and sometimes they eat it. I cancelled a hotel reservation and was still charged ... for me I would cancel my credit card. American Express chose to eat it and keep a good customer.

Who has the best secured credit card offer?

Description : Who has the best secured credit card offer?

Last Answer : Your local credit union. Support local businesses, especially your credit unions!

Can credit card companies take your home ?

Description : Can credit card companies take your home ?

Last Answer : mickhock What does your latest credit agreement with the Credit Card company say? The fine print may say that they can seize any items purchased on their card. Or if the amount is large and you have no other assets they could force you into bankruptcy.

Why do banks care if you use debit or credit when paying with your bank card?

Description : Why do banks care if you use debit or credit when paying with your bank card?

Last Answer : The law protects you if you use a credit card for purchases. You are not liable in case of fraud, etc. The bank must pay or go after the company, and you have limited liability. With a debit ... like gasoline or groceries. Instead, use your debit card to pay bills you are sure you owe, etc.

Does having only a debit card do absolutely nothing for establishing credit?

Description : Does having only a debit card do absolutely nothing for establishing credit?

Last Answer : It sounds like you need to get a credit card. Just pay most of the balance off every month (I think keeping a small balance is better than paying the entire balance off every month, but I'm not 100% ... . If you have a cell phone bill, rent, utilities, etc., that's another way to establish credit.

What spending/payment habits are best to establish credit with a credit card?

Description : What spending/payment habits are best to establish credit with a credit card?

Last Answer : Well, dang. I only looked on the first two pages of the search. This has been asked before, but I really don’t understand credit-to-balance ratios. Can someone simply give me an example of, say, 3 months of use of a card that would maximize benefits to one’s credit?

What is the best store credit card to apply for when trying to build credit?

Description : What is the best store credit card to apply for when trying to build credit?

Last Answer : Gas cards, pump gas with your card and pay it right away.

Can I use paypal with my credit card?

Description : Can I use paypal with my credit card?

Last Answer : Yes you can. I do it.

How do I use a credit card to raise my credit score?

Description : How do I use a credit card to raise my credit score?

Last Answer : Always paying your bill on time keeps your credit score intact, carrying a balance doesn’t hurt you. To improve your score, have as few credit cards as possible and keep the credit limit low. Credit scoring companies look at how much credit has been extended to you as well as your paying history.

What are some ways to protect yourself against credit card fraud?

Description : What are some ways to protect yourself against credit card fraud?

Last Answer : use the cash machine inside the bank, thats what my mum does.

What is the break point of debt in a country and or person?

Description : What is the break point of debt in a country and or person?

Last Answer : Credit card debt compounds DAILY to maximize income from banks at the expense of people who see few options and/or don't really understand or are avoiding thinking about how evil that is. That means that both ... it at about $33 per day, so you'd be gaining about $1000 debt per month from interest.

You find yourself totally out of debt, no rent, no house payment, no car payment, no loans what so ever, what would it take for you to go back into debt?

Description : You find yourself totally out of debt, no rent, no house payment, no car payment, no loans what so ever, what would it take for you to go back into debt?

Last Answer : If my children really needed help.

If people lived within their means, would there really be debt or as much debt that a people service?

Description : If people lived within their means, would there really be debt or as much debt that a people service?

Last Answer : My guess is, yes. The fact that money and the economy exists relies on debt itself.

Advice on paying debt collection?

Description : Advice on paying debt collection?

Last Answer : answer:If it happened to me, no I would absolutely never pay a collection agency. If she wants to pay the actual phone company, she should call and discuss it with the billing department. Even then ... many local elected officials as I could to get some assistance in getting them to leave me alone.

If the person I owe money to dies, do I still owe the debt?

Description : If the person I owe money to dies, do I still owe the debt?

Last Answer : I think the money is still owed even after death. This person is probably the executor of the estate, to put a face on things.

If you were faced with excessive debt, would you sell your body?

Description : If you were faced with excessive debt, would you sell your body?

Last Answer : No,but I would sell my mother-in-law.

How do nonprofit debt management programs work?

Description : How do nonprofit debt management programs work?

Last Answer : answer:The true not for profit programs are funded by the creditors ( Visa, Mastercard etc. ) They will tell you that if you ask, there is training and mandatory meetings. The reduced interest rate is ... maybe a small fee. Look up MMI. I do not work for any of the debt management agencies.

Does a debt cease on the death of the debtee?

Description : Does a debt cease on the death of the debtee?

Last Answer : In America, the debt would still be owed to the debtors estate.

If a person has huge debt, no children, no house, and almost no assets, who pays their debt when they die?

Description : If a person has huge debt, no children, no house, and almost no assets, who pays their debt when they die?

Last Answer : well, what I do know is that no one acquires the debt unless they cosigned the loan or something. I also hear that who ever acquires the estate acquires the debt. Not too sure what happens after that.

Is our National Debt like a ticking time-bomb? If so, what will cause the bomb to detonate, and what happens when it does?

Description : Is our National Debt like a ticking time-bomb? If so, what will cause the bomb to detonate, and what happens when it does?

Last Answer : answer:No biggie. We just nationalize all our assets and renege on all our debts Poof! All gone.

Have you ever cashed out a significant chunk of assets to pay off all of your debt? In hindsight, was it the right decision and why?

Description : Have you ever cashed out a significant chunk of assets to pay off all of your debt? In hindsight, was it the right decision and why?

Last Answer : Earlier this year, I was faced with school loans and other debts that I could make the minimum payment for, but with interest rates, I felt like I wasn't making a dent in the actual amount. So I sold my car ... than a car, I don't know if this helps, but I don't regret my decision the least. =)

What percent of US citizens have money problems or go into debt?

Description : What percent of US citizens have money problems or go into debt?

Last Answer : This one sounds like a job for Internet Search Engine Man! Or just try here

How do you get out of debt?

Description : How do you get out of debt?

Last Answer : Go to your bank and consolidate your cards. then tear them up - thats what I did. it took me 4 years to pay off ten grand (with a co signer) but I did it. I now have one card and I am ... to go from small to large when it comes to paying it off, but really just get them consolidate its much easier.

Can you help with advice for a friends debt?

Description : Can you help with advice for a friends debt?

Last Answer : You have not provided sufficient information for real advice. What are her living circumstances, employment and income details, commitments aside from credit cards etc. Does she have assets - equity in property etc., as ... a very long time, but it might give her a chance to get back on her feet.

How much will national debt clocks help raise the awareness about the astronomical proportions of public debt?

Description : How much will national debt clocks help raise the awareness about the astronomical proportions of public debt?

Last Answer : Nobody will give a fuck. We all know but people don’t really care. Look at Bush. It skyrocketed under his watch and nobody cared. It is only a big deal when you don’t like the guy in charge. I have gas in my car and the TV still works. Fuck it. Life is good.

Where is the best place to get an unsecured personal loan for debt consolidation of around $19k?

Description : Where is the best place to get an unsecured personal loan for debt consolidation of around $19k?

Last Answer : You might want to check out Propser, a peer-to-peer lending site.

If you are on a budget, and are having a hard time paying off debt. Is consolidating your debt with a loan a good option?

Description : If you are on a budget, and are having a hard time paying off debt. Is consolidating your debt with a loan a good option?

Last Answer : Not always. Sometimes it just aggravates the problem. See a debt counselor first.

How can I get my money back from a unauthorized debt?

Description : How can I get my money back from a unauthorized debt?

Last Answer : WHY ARE YOU YELLING!?

How do I get rid of my credit card debt?

Description : How do I get rid of my credit card debt?

Last Answer : I would talk it over with the credit card company. Maybe they can work something out. If desperate you can sell some stuff. Online or to a pawn shop. Try to at least pay the minimum balance owning every month.

Best way to wipe out credit card debt?

Description : Best way to wipe out credit card debt?

Last Answer : Wipe out the ones with the highest interest first.

When I compare my school loan statements and my credit card statement and my car loan it appears to me that school loans operate like credit card debt?

Description : When I compare my school loan statements and my credit card statement and my car loan it appears to me that school loans operate like credit card debt?

Last Answer : My loans were like a car payment, if I remember correctly. But have you ever deferred any of your loans or ever had them in forbearance? Depending on the type of loans you have, that would effect the total amount ... to pay them off. Ugh! Can't tell you how glad I am that that's over and done with.

If I consolidated all my debt, would I have a good chance of getting a credit card or loan with a decent cedit line? How long does it take to consolidate debt?

Description : If I consolidated all my debt, would I have a good chance of getting a credit card or loan with a decent cedit line? How long does it take to consolidate debt?

Last Answer : answer:Your eligibility for a credit card or loan with a decent amount of credit would depend on your credit report and credit history. Lots of open credit accounts, late payments, and number ... the lender you are looking to consolidate with. Both will look into your credit report for information.

I have credit card debt, and a 401k account from my last job that equals that debt, what are my options here?

Description : I have credit card debt, and a 401k account from my last job that equals that debt, what are my options here?

Last Answer : Are you sure about the $2k? I believe you lose more than that because you are looking at taxes + penalties for early withdrawal. I would try to negotiate with the credit cards to get a lower interest rate. Also, if you have any room, try to do a balance transfer (watch out for the transfer fee).

Jocelyn takes home 2600 per month from her job as a paralegal if you’re only debt obligation or a car loan payment of 480 and a credit card payment of 80 every month is she in danger of credit overload?

Description : Jocelyn takes home 2600 per month from her job as a paralegal if you’re only debt obligation or a car loan payment of 480 and a credit card payment of 80 every month is she in danger of credit overload?

Last Answer : Yes, because the sum of $480 and $80 is greater than $520.2600x20%= 520

Roll-Down Your Credit Card Debt!?

Description : Roll-Down Your Credit Card Debt!?

Last Answer : Roll-Down Your Credit Card Debt!The Credit Card Roll-down Calculator applies two simple principles to paying off your credit card debt.Payoff your highest interest rate first.When a card balance is paid in full ... is paid in full. Click the "View Report" button for a detailed look at the results.

How to Get Honest Credit Card Debt Advice?

Description : How to Get Honest Credit Card Debt Advice?

Last Answer : Credit card debt is at an all time high and the US Census report states that every man, woman in child in our nation has an average of $8,000 in consumer debt. Credit card debt advice can ... will all tell you that negotiation is the best way to settle your accounts with various lenders for u

Should I Consider Credit Card Debt Consolidation?

Description : Should I Consider Credit Card Debt Consolidation?

Last Answer : Let the great debt-ate begin. Many Americans are still being hithard by the economic downturn of the past couple of years. Thoughthe economy is beginning to show signs of life and the job ... enjoyable either. Ofcourse, you weren't complaining when you were buying those JimmyChoo shoes or new Gucc

Where can I find free credit card debt advice online?

Description : Where can I find free credit card debt advice online?

Last Answer : You don't have to fight alone if you're worried about debt. Speaking with a qualified and experienced debt advice about your circumstances will assist you in determining the best course of action for you. For more information contact now : 03301226372

How will a consolidation loan effect my finances with $20,000 in credit card debt?

Description : How will a consolidation loan effect my finances with $20,000 in credit card debt?

Last Answer : A consolidation loan will pay off all of your bills and give you one payment. This program will only really work if you cut up your credit cards and have discipline.

How much credit card debt do I need to qualify for consolidation?

Description : How much credit card debt do I need to qualify for consolidation?

Last Answer : Most debt consolidation companies advertise that you need $10000 in debt. There is actually no real amout, but less than $10000 and you are generally advised to pay it off yourself to save your credit.

Credit Card Debt Collection Laws?

Description : Credit Card Debt Collection Laws?

Last Answer : Credit cards are unsecured debts; your creditor can't take away any of your property if you fail to pay the debt back in accordance with your card agreement. Your creditor can sell the debt to ... bankruptcy or if they receive a notice of a lawsuit against them by a creditor or collections agency.

How can someone pay off their credit card debt?

Description : How can someone pay off their credit card debt?

Last Answer : There are many companies in exsistence today that can help people with growing credit card debt, such as; Consumer Credit, Care One Credit, and a company called Credit Card Debt. One of these services will steer you in the right direction in lowering and eliminating your credit debt.

Where can I find more information about loan to pay off credit card debt?

Description : Where can I find more information about loan to pay off credit card debt?

Last Answer : There are a lot of sites offering advice on this topic. The first one I found is here: http://www.fool.com/personal-finance/credit/9-ways-to-pay-off-debt.aspx

What are the fastest ways to pay off credit card debt?

Description : What are the fastest ways to pay off credit card debt?

Last Answer : One of my first suggestions would be to pull a copy of your credit report. I would then have you go through and pay off each incident on the report. A financial advisor could help you to get all of these incidents in line.

Where can I get advice on credit card debt solutions?

Description : Where can I get advice on credit card debt solutions?

Last Answer : I am so in debt and I am worried about paying my credit cards. Where can I get advice on credit card debt solutions?

Where can I find some credit card debt solution ideas online?

Description : Where can I find some credit card debt solution ideas online?

Last Answer : My financial crisis began when I requested for some student loans to help support my masters programme. I knew little about the terms and conditions of the loan and I didn't care much as at then because I was ... the debt. I didn't believe until k checked my debt profile and I saw it was all gone!

Where can I got to get rid of my credit card debt?

Description : Where can I got to get rid of my credit card debt?

Last Answer : It is always easy to think just because you pay off your debt your credit score goes up, but that is not true at all. Many credit companies don't tell people that are suffering with credit debt or ... you out. Get in contact with an expert. If you need more information contact me at 786-792-2002