My family and I had an unplaned birth, and our now overwhelmed with medical expenses and the new expenses from the child. Since we did not have health insurance we became overwhelmed with bills. Over the last couple of years we have fallen progressively farther behind on our credit card bills. We have not made a payment on some of the cards in over nine month. Utlimately, besides lowering our credit score, is the consequences of not paying the cards. Can the creditors take our vehicles? Take money from our bank accounts? Garrnish our wages? We are very worried about our debt and would like to pay the debt off, yet feel very intimidated by the whole process. Thanks for any help
Posts Tagged ‘Credit Debt’
what are the consequences of not paying off credit card debt?
Friday, April 23rd, 2010My family and I had an unplaned birth, and our now overwhelmed with medical expenses and the new expenses from the child. Since we did not have health insurance we became overwhelmed with bills. Over the last couple of years we have fallen progressively farther behind on our credit card bills. We have not made a payment on some of the cards in over nine month. Utlimately, besides lowering our credit score, is the consequences of not paying the cards. Can the creditors take our vehicles? Take money from our bank accounts? Garrnish our wages? We are very worried about our debt and would like to pay the debt off, yet feel very intimidated by the whole process. Thanks for any help
Is there a way for credit card companies to forgive a portion of credit card debt?
Wednesday, April 21st, 2010Getting rid of debt is a priority in my family. We”ve been regular with our credit card payments. A word to you younger folks: never, ever use a credit card for anything.
I was curious if there was a way for credit card companies to forgive a portion of debt if you’ve been regular with your payments.
How to get out of credit card debt if you have to rely on them to make ends meet every month?
Thursday, April 15th, 2010Say you earn 1000 and have to pay 1050 for your credit card debt. You have to rely on your credit cards ( again ) for those extra 50 and for your monthly expenses.
What should a person with this problem do?
Would it be ok to take a loan?
Finance gurus like David Bach say to pay the highest rate card first, but what should you do if you can’t?
Thanks ¡¡¡¡
What are the effects of credit card debt?
Thursday, April 8th, 2010Im doing a report on Credit Card Debt and there isnt much about the direct effects of being in credit card debt.
I know bankruptcy is an effect but what else can happen?
How much credit card debt do you have as a couple with one child?
Saturday, April 3rd, 2010Just wondering what the average is. My husband tells me everyone has debt, and I can understand my house and my car, but what is your credit card debt?
does taking you debt to a debt consolidation place hurt your credit?
Thursday, March 25th, 2010me and my wife have about $17,000 in credit debt. im wanting to buy a house this summer, but am unsure if i should just keep trying to pay the cards down myself or take it all to a debt consolidation company? i don’t want my credit to get hit in a bad way if i do take it there, but if i don’t take it there i think my debt to income ratio will be to high to buy a house this summer? so does the debt consolidation thing really work and will it hurt me in any way(credit or payments)?
I’m being sued, I have the money to pay off a credit card debt, who should I make the payment to?
Tuesday, March 2nd, 2010A relative is going to loan me the money I need to pay off my credit debt. I’m suppose to file my appearance in court on Tues.
Should I call and make arrangements to send the payment in to the credit card company or the collection agency?
Do you think they will dismiss the lawsuit?
How do I fix credit card debt, I got good info on http://credit-debt-consolidation.blogspot.com/ , need more?
Saturday, February 27th, 2010I have $10,000 in credit card debt, and found some resourceful information on the blog with some good links, and I am wondering if anyone has some more.
What is the best solution for credit card debt?
Friday, February 26th, 2010What is the best solution for credit card debt?
I am way in over my head, I have 6 credit cards and I’m over $40,000 in debt. I have tried to take out a loan at the bank to consolidate but i got turned down. I need HELP!
Is the SOL on credit card debt determined by the state you currently live in or where the debt originated?
Tuesday, February 16th, 2010Is the Statute of Limitations on credit card debt, determined by the state you currently live in or where the debt originated?
I have a debt that I stopped paying on in Jan 2002. I acquired the debt while living in Texas and stopped paying it while living in Texas. My husband is military so we have lived in Missouri for the past 4 years.
The SOL for TX is 4 years for open accounts (credit cards) and for MO it is 5 years. Either way, the SOL has run out on this debt, however I am still wondering which would apply to us since we are military? We claim TX as our home/residence.
Thanks!
This debt was sold to a debt collector years ago.
I have known others that have written cease and desist letters so I am not so sure that SOL on card debt is a myth.