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How Do Credit Cards Help to Build Credit History?
How to Consolidate Credit Card Bills
Where to Apply for Your First Credit Card
How to Check Your Credit Card Balance
How to Get a Credit Card With No Credit
How to Transfer a Credit Card Balance
How to Find a Low-Interest Credit Cards
What Is the Difference Between a Debit Card & a Credit Card?
Who Regulates the Credit Card Industry?
Is It Safer to Use My Credit Card Rather Than My Debit Card?
Should I Use My Credit Card or Overdraw My Account?
How Many Credit Cards Do You Need for Good Credit?
Can I Use a Credit Card to Buy Stocks?
Credit Cards That Rebuild Credit
Can I Use a Credit Card to Pay Another Credit Card?
How to Stop Unwanted Credit Card Applications
What Does APR Variable Mean on Credit Cards?
Does It Hurt a Credit Rating to Cancel a Paid Off Credit Card?
What Happens If You Don't Pay Credit Cards?
Can a Credit Card Company Seize a Checking Account?
What Happens If You Are Sued by a Credit Card Company?
What Is the Best Credit Card to Use for Rewards?
What Happens to Credit Card Debt When You Die?
Credit Card Tips for Students
Does a Credit Card Company Owe a Duty of Care to Its Customers?
What to Expect When a Credit Card Company Offers a Reduced Payoff
Where to Report a Credit Card Company?
What Is the Difference Between Paying a Credit Card in Full and Settling the Balance?
There are consumer protection laws for credit card users who dispute certain payments on their monthly sta… More
Entering default on a credit card severely impacts the credit rating of the individual that does it. In so… More
Before working with a collection agency or settling a debt, know the state laws on credit card debt. Learn… More
Debt is part of American life, and credit cards are the dominant form of unsecured credit. They offer easy… More
The new bankruptcy finance laws are designed to protect banks and credit card companies, by allowing them … More
Having a good credit rating is important. If your FICO score is lower than 720, you need to work on impro… More
A credit card is a small plastic card, with a readable magnetic strip, that consumers can use to make purc… More
Your personal credit score can make or break your ability to get your next big loan. Many consumers have n… More
Credit scoring was invented by the Fair Isaac Corporation in 1958 to provide a quick, data-driven method f… More
Most bad debt is written off by credit card companies due to the time and cost it takes to sue debtors, pa… More
Credit is a handy tool that allows consumers to purchase big ticket items without having to pay the entire… More
When you obtain a credit card, you agree to pay the card issuer the amount of any purchases you charge to … More
If you are sued by a credit card company, the judgment against you may end in a wage garnishment, a lien a… More
Starting in the early 2000s, credit card holders began receiving notices of changes to their credit card t… More
The initials APR stand for annual percentage rate, so a credit card APR means the rate of interest that yo… More
Summary: If you are sued by a credit card company, the judgment against you may end in a wage garnishment, a lien against your property or a levy on your checking account. Consult an attorney when getting sued by a credit card company with advice from the owner of a debt settlement company in this free video on credit cards.
Peter Repak has been in the debt settlement business for over half a decade. He and his wife founded the Clear Financial Company with a common goal of helping others to get out of...read more
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"Hi, my name is Peter Repak. I'm the owner of Clear Financial LLC, a debt negotiation company. What happens if you're sued by a credit card company? Well, I'm not a legal adviser. You have to check with a qualified attorney on what really applies in your local state law. Can a credit card company sue you? Yes. What happens? Well, that means you haven't paid your credit card debt for a very, very long time. For a credit card company to bring a lawsuit against you, it is a challenge even for them. It's a very, very rough period, but they can do it, and they do this pretty, pretty amazingly and very, very fast now these days. What is that going to actually accomplish? They're going to accomplish one thing, for sure -- you're going to get a judgment against you if it goes into court that you do owe the debt what they're say that you owe to them. Other than that, they can have certain proceedings by the court and request to put, maybe, a wage garnishment on you if you live on those states where it's possible. Or they can put a lien on your property. Or they can put a levy on your checking or savings account. But they have to have a court proceeding to do this. If you simply don't show up in the court for this because it's a civil matter, you're going to end up with a default judgment. But again, please consult with a qualified attorney on this because I cannot really give you legal advice, but that's pretty much what you have to know about this. My name is Peter Repak, I'm the owner of Clear Financial LLC, a debt negotiation company. Thank you for watching."
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