Question

 What does it mean to default on credit card debt?

Answer To default on credit card debt is to fail to comply with a contractual agreement to repay a loan. This occurs when an individual or an entity misses or avoids a payment.Source:Investopedia DefaultB... Read More »
http://www.answerbag.com/q_view/1902019

Top Q&A For: What does it mean to default on credit card debt

How many people default on credit card debt yearly?

There is about $905.6 billion in outstanding credit card debt, according to data released in July 2009 by the Federal Reserve. Delinquencies longer than 30 days account for 5.5 percent of all credi... Read More »
http://www.answerbag.com/q_view/1792178

Can personal property or a paid off condominium be taken by a debt collector to pay off credit card debt in Pa?

Creditors may certainly look to seize/attach your assets of most types to pay the debts you promised or obligated to pay and don't. They also get to recover any costs for having to act to have you ... Read More »
http://wiki.answers.com/Q/Can_personal_property_or_a_paid_off_condominium_be_taken_by_a...

How long after a credit card debt judgment can a debt be collected in Michigan?

The statute of limitations on collecting a judgment in Michigan is 10 years. Keep in mind that if the debtor is paying off the judgment in installments, the statute of limitations is put on hold du... Read More »
http://www.answerbag.com/q_view/2113063

How to Consolidate Debt and Eliminate Credit Card Debt?

Credit card debt can seem like a never-ending cycle. You can make minimum monthly payments on time, but the balance never gets smaller. There is hope, however. One way to pay off high-interest cred... Read More »
http://www.ehow.com/how_6377196_consolidate-eliminate-credit-card-debt.html


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