Question: What happens if you cannot pay off your credit card debt?

Answer: Most people know credit cards are unsecured debt(s). And some are under the mistaken idea that the companies have no recourse if a card holde defaults. That is, of course not true. They have the legal option to sue to recover their monies. Not being able

Question: Can the authorized user be sued for charges on the credit card?

Answer: You can't be sued by the credit card company since it states in the agreement for authorized users that the person is not responsible. As for your family member, I'm not sure if they would win or be able to prove you didn't pay them back

Question: How secure are credit cards?

Answer: Technically, there is nothing to stop that phone operator from taking down all your credit card info for her/himself and using it. But it would be very easy to track down who did it if they used your card... simply because they are employed by the busines

Question: Can your employer apply for a company credit card in your name without your permission?

Answer: Ordinarily, that would be fraud, but from the credit card co. standpoint, you accept responsibility once you make a purchase on that card, in most cases. It will report good and/or bad on your credit once you begin usage. Just keep the card very secure fo

Question: Can a credit card company audit you in Texas?

Answer: It depends on what you mean by "audit". It's extremely hard to touch TX accounts, due to strict guidelines. It depends on balance of account, length of activity, along with other things. It depends on if the risk is worth it to the company to pay attorney

Question: What should a college student know about credit cards?

Answer: Before you start using a student card, decide what it will be used for. Remember that a credit card limit is not free money. It is a loan that you must repay. Start slowly with one card with a low limit, and use it responsibly. Starting small will help

Question: Why would a restaurant put a temporary charge on your credit card?

Answer: Assuming that you are not a cheapskate, you will be leaving a tip. The restaurant only places the temporary authorization there to make sure enough available credit in place to cover the tip. Shortly after the credit card is closed out on their system, th

Question: Can a credit card company raise your APR because you have too much outstanding debt?

Answer: They are probably raising it because your credit score is lower due the outstanding debt. This being said, a credit card company can pretty much raise your rate anytime they like just as they can lower it when your credit improves. I would simply close th

Question: What happens when you are in a nursing home and can longer pay your credit cards?

Answer: You will default on your credit card accounts. Being an unsecured loan, there is little a credit card company can do. That is a risk credit card companies take.

Question: Do you have to pay a credit card bill if you have left the country?

Answer: My first response is: have some self respect and don't borrow what you aren't going to pay back. You still owe the balance, regardless of where your body is located. Should you ever come back to the country where you have borrowed money and subsequently j