What Happens When a Credit Card Collector Goes to an Arbitration Board?

Answer When you default on your credit card debt, the credit card company charges off the debt and sells your balance to a collection agency after 180 days. Because collectors buy debts for far less than ... Read More »

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What Happens When You Max Out a Credit Card?

Using credit cards is a convenient way of making purchases, both online and off. With banks making checking accounts accessible through the use of debit cards, which act similar to actual credit ca... Read More »

What happens to credit card debt when a person dies?

What happens to credit card debt after a person dies depends on a number of factors, such as the place of residence, who applied for the card and whether the deceased held the account alone.Lone Ho... Read More »

What happens when you are sued over credit card debt?

If standard debt collection methods, such as letters and telephone calls, fail, a creditor has the right to file a lawsuit against the debtor. When a creditor wins a lawsuit, the court grants a jud... Read More »

What Happens When Credit Card Companies Turn You Over to Collections?

A credit card company might be patient with consumers who miss one payment, but after numerous missed payments and failed collection attempts, the credit card company will turn unpaid accounts over... Read More »