Credit card debt....?

well, ive been through some rough times and have neglected my cc payments what is the worst that could happen???

Credit card debt....?

will show on your credit report but not the end of the world there is always an other day to get a fresh start in life they can take you to court an sue you and may garnish your wages if done in your state

Credit card debt....?

Your credit score will be somewhat below the level of the water in the toilet and you will spend a significant amount of time getting creditors to trust you again and you will have higher interest rates.

Read this article from Ezine. I know this is about college students and credit cards, but the lesson here is worth it! You are in the position of whether you pay a small amount on future interest or increase your risk to creditors at a cost of $500,000 on more in this lifetime!

Credit card debt....?

bank will be ask for some money real soon

Credit card debt....?

The typical procedure for a finance company, when you go in to default on your payments, is to get a legal judgement against you. With this legal document, (default judgement) they can lay claim to assets you own and possilby, have wages withheld from your paycheck, depending on your state, etc. Obviously, this is not a good situation to put your employer in either.

Credit card debt....?

Your credit card privlages can ( or maybe they have been) revoked along with lowering your credit score. Call the credit card company up, if your three months behind, most of them will stop the interest and all the money will go toward principle. They will set up a mutual payment plan...one that you both can agree on and Most are willing to work with the people to get them paid especailly during hard times. They want thier money, so it%26#039;s a win win situation for you both.

Credit card debt....?

Well there are a few things that can happen:

1. These creditors may be calling you at home or at work for the payments really soon.

2. They may even take legal action against you, and if they win then they may garnish your wages and even put a judgment against you.

3. Your credit rating will definitely suffer a negative impact which will, in turn, make it very difficult for you to qualify for a loan.

My suggestion for you is to try to pay it off if you can, and if you can%26#039;t then you should explore the option of seeking professional financial help.

There are many options out there that you may take to get out of this situation.

I hope this helped.