Can a credit card company sue me for not paying my debts?

i have a credit card and i used it to the extent of my credit limt. and now i find it hard to pay the card issuer, this time i am very difficult and financial problem i am suffering now. i have no intention to run my obligation. what is the best thing that i cud do?

Can a credit card company sue me for not paying my debts?

the financial institution will sue u for bankrupty...

Can a credit card company sue me for not paying my debts?

Contact the company that issued you the card. Explain your situation, they may be able to lower your payments.

Communication is key

If you avoid them it will only get worse

Yes they can sue you and probably will if you don%26#039;t pay

KIM S - YES, they CAN and DO sue or file claim in a court (which is the same as suing)against non-payers. It depends on the amount, if it is worth a suit.

Can a credit card company sue me for not paying my debts?

Yes, they can sue you. You could claim bankruptcy, but you will still ahve to pay it back starting with all your stuff. People need to be better educated about how to manage their finances and to take responsibility.

Can a credit card company sue me for not paying my debts?

Yes they can put liens and/or garnish wages. I hope you learned your lesson. With the exception of a modest car and house if you can%26#039;t pay cash or pay your CC in full each month........... YOU CAN%26#039;T AFFORD IT!!!!!!!!!!!!!!!

Can a credit card company sue me for not paying my debts?

did you read your agreement upon sign the paper at the bank.

Can a credit card company sue me for not paying my debts?

pay it off, stop using your card.. cut it up

Can a credit card company sue me for not paying my debts?

If you do not pay they can take your money out of your pay check. Your best bet is to get credit counseling, some place LSS or something like that. Depending on the extent of your debt may bankruptcy is an option. That may be your last choice if your debt is not that bad.

Can a credit card company sue me for not paying my debts?

tell the company you%26#039;re having trouble and they%26#039;re more likely to be lenient and then PAY THEM! it%26#039;s their money, they just let you use it, you need to give it back. work with them to organize a payment plan and then stick to it. not paying your bills can cause all kinds of problems including but not limited to messed up credit, never being able to get credit cards again, jail time etc. do yourself a favor and pay them back because the alternatives aren%26#039;t fun

Can a credit card company sue me for not paying my debts?

Sure they can sue you and even get a judgment against you, and start taking it out of your pay.

I believe the best thing to do is call them, explain everything,

get the name of the person you spoke to, and also then sent

a letter to them, telling them you have discussed the matter

with them. Maybe you can offer a small payment a month,

that only includes interest and when you are better of...

you will pay principal and interest.

Hope this helps a bit.....been there, done that

Can a credit card company sue me for not paying my debts?

Sell some of the stuff you bought. Get a bettter paying job, even if it%26#039;s unpleasant. Never use credit cards again. Credit Cards are an idiot trap.

In the future, never buy anything that you don%26#039;t have the money in your pocket to pay for. Think about what you bought with your credit cards. How much of it is worth anything now if you sell it? How much was for food and booze that%26#039;s long gone. It%26#039;s kind of dumb to drink a $4 bear in 2005 and still be paying for it years later at 20% interest or more. By the time you%26#039;re done paying for it, that $4 beer will have cost you $16. Would you pay $16 for a beer in cash?

Why would you put it on a credit card?

Hopefully, you bought stuff you can sell.

Yes, they will sue you, they will garnish your pay. You will never be free until you%26#039;ve paid everything. Like I said, idiot trap.

Can a credit card company sue me for not paying my debts?

No...- But you%26#039;re GOING to have to pay that Card off - or else your %26quot;Credit%26quot; will be ruined, %26amp; you WON%26#039;T be able to take out any loans (like for a car, or house, or school- etc.) or get any new Credit cards. So keep on paying as MUCH as you can- and keep your spending DOWN- until you get that card at LEAST half paid off! Good luck.

Can a credit card company sue me for not paying my debts?

They can%26#039;t sue you, the worse they can do is report you to the claims department and give you a bad credit note. You will although have to make even minimal payments then they can%26#039;t do anything about it. If you are finding it difficult contact them and make arrangements for a different payment plan you might be able to get an overdraft or loan from your bank at a lower interest rate than your card and pay it off this way. Also destroy your card and stop using it, they will let you go beyond your limit they like that.