Can Credit Card Companies Sue You?
Can credit card companies sue you for non-payment? What are the legal issues involved with credit card debt and possible lawsuits regarding credit card companies?
Yes. Credit card debt is usually considered unsecured debt. But there are many instances when a credit card company can sue ~ Misuse of card per terms and agreements, fraud, charging on card knowing payment is not possible, using someone else's card, applying/using card under false name or social security number ~ The list of reasons a credit card company can sue is endless.
It is possible for a credit card company to sue you but it depends on a few factors including how late you are, the state you live in, and so on.
The problem with credit card debt is if it becomes a prolonged issue of non payment the company can place a judgement against you which then becomes a legal matter in which they can garnish your wages, seize your bank accounts. Credit card debt is not something to take lightly if you are well behind
There are several options to take care of past due balances and dont let them tell you that there isnt any!!
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by Rebecca Graf8 years ago
What questions would you like to see answered about credit card debt?
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