Can credit card companies sue for unsecured debt?

Answer The term "unsecured debt" just means that the items you buy with the credit card cannot be taken from you by the credit card company when you default on the payment. However, the credit card compan... Read More »

Top Q&A For: Can credit card companies sue for unsecured debt

Is a credit card unsecured debt?

On One Hand: Usually UnsecuredUsually, credit cards are considered unsecured debt because they require no collateral for a line of credit, according to the U.S. Federal Trade Commission. Because of... Read More »

What does unsecured credit card debt mean?

Credit card issuers who extend unsecured credit lines do not require that any collateral be held in trust in exchange for credit. This means that the lender expects a consumer to pay back all unsec... Read More »

How to Write Credit Card Companies to Lower Debt?

If you are struggling with credit card debt and are barely able to make minimum monthly payments, you can try to negotiate a debt settlement with the lender. The credit card company may or may not ... Read More »

How to Negotiate on Your Own With Credit Card Companies for Debt Reduction?

Consumers use credit cards for a variety of reasons. The reasons can include small purchases, such as a cup of coffee or newspaper or much bigger buys, like an airline ticket or hotel reservation. ... Read More »