Why do credit card companies sue consumers?

Answer A credit card company will forward your account to a collection agency if they cannot get you to pay your past due debt. The collection agency will attempt collection activities and will pursue mor... Read More »

Top Q&A For: Why do credit card companies sue consumers

Consumers' Rights in Credit Card Fraud?

Credit card fraud, the fastest growing white-collar crime, cost U. S. consumers over 50 billion dollars in 2009, according to Penelope Salt, writing on Credit card crime the same year a... Read More »

How much credit card debt do consumers carry?

Statistics on American credit card debt are calculated per household and, according to MSN Money, the average American household carries $8,000 in credit card debt as of 2010--more than twice the a... Read More »

If I Negotiate With Credit Card Companies Myself, Will It Negatively Affect My Credit Score?

If you lose your income, you may find yourself with credit card accounts that you are having trouble paying. As these balances become past due and move further into delinquency, account holders may... Read More »

How soon do credit card companies report to credit agencies?

Credit card companies do not have to report to credit agencies at any particular time, according to Bank Rate. Also, some credit card companies and other lenders may only report to certain credit b... Read More »