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This could damage your credit score. It will be harder for you to get credit cards or loans in the future.

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Q: What happens if i default into pay my credit card bill?
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What happens when you are in a nursing home and can longer pay your credit cards?

You will default on your credit card accounts. Being an unsecured loan, there is little a credit card company can do. That is a risk credit card companies take. Regardless of why you can't pay, non-payment will result in default. The extent to which a credit card company will attempt to collect depends on whether or not they feel you have sufficient income.


What happens if someone stops paying their credit card bill?

If someone stops paying their credit card bill, the account will go into collections. Additional fees and interests will be added to the account. Based on the amount owed on the credit card bill, the lender may file suit.


When you pay with a credit card do you pay interest?

To have interest on a credit card bill, you must have not paid a bill in full. When this happens, on your next bill, it will inform you that you must pay your current bill, the remainder of your last bill, and a certain amount of interest.


How can the frequency of paying your credit card bill hurt you?

The frequency of paying your credit card bill can hurt you in a number of ways. If you keep missing bills, pay late, or default, other lenders will not look upon you favorably, getting you worse rates in the future.


If you default on credit card payments can they take your car?

no


What happens if you leave Australia and move to Europe without paying your credit card bill?

you die!


Credit card debt default and asset seizure?

A company can seize assets doe to credit card default if they obtain a judgment through the court. You will be notified of the court date.


Can you pay your credit card bill by another credit card?

Yes you can pay your credit card bill by another credit card. It is called balance transfers, you can transfer the balance of another credit card that has a high interest to a credit card that has a low interest. Hopefully this answers your question.


How long will credit card default affect your credit?

7 years, no more than 10.


Is the wife responsible for husbands credit card bill?

No. The husband of the family is responsible for everything that happens to or by the family members.


What is the statute of limitation on credit card debit default?

Limited edition.


If you used your moms credit card will she find out through the bill?

If she knows that she didn't buy something, she will see on the credit card bill that you bought something since the credit card bill shows everything you bought using the card for the month.