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What can creditors do to you for non payment of credit cards?

XanthiaAlysha · 5 · 1676

XanthiaAlysha

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If someone is unable and doesn't make payments on several of their credit cards, what can a credit card company do to you? Are they able to take your car? Your home? What is the most they can do to you?


yojmg

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Why don't you talk it out with your credit card company first. Tell them your predicament, perhaps they will understand and a win-win situation will come out of it. Better to be honest rather than not paying at all and ruining credit standing in the end.


charlt

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The credit card companies can take you to court and get a judgment.Once they get a judgment there are several things they can do.
Good luck.
« Last Edit: Apr 27, 2010, 03:03 AM by charlt »


mjwinxsky

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Hi XanthiaAlysha,

I would strongly suggest that you get in touch with your creditor ASAP and tell them your situation because most of the time they can offer you an amnesty program. But just in case you are in deep trouble with credit card debts. You can check this blog (http://failuretopaycreditcard.blogspot.com/).



naomibatac

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If someone is unable and doesn't make payments on several of their credit cards, what can a credit card company do to you? Are they able to take your car? Your home? What is the most they can do to you?

The credit card company will give you a grace period to pay for your outstanding payables. If you still unable to pay within that period, they may pursue collection by assigning your account to a collection agency.


 


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