If someone had major heart surgery and was even in a coma for a time, force payment after the person has been placed on disability, to sell all assets including his home to pay the debt? What if the debitor decided not to pay them because they are unable with the money they have to live on. Medical bills are taking all of the money in question and Medicare will not pay past bills. Even the 20% is well over a hundred thousand dollars. Some of the credit card debt was trying to pay the medical bills.
2006-11-08 23:00:11 · 9 answers · asked by Anonymous in Business & Finance ➔ Credit
It is pretty cruel but they don't care. To them business is business.
I was also in a medical situation where another family member used my credit card to run up thousands of charges I knew nothing about. The only concession the credit card company would give me was payment plan which would take years to pay off.
2006-11-08 23:08:39 · answer #1 · answered by Bella Donna 5 · 0⤊ 0⤋
Not if you beat them to the punch; you should refinance or check out a reverse mortgage. Chances are the collection agency would settle out the debt for less money as well. Don't allow your assets to be at risk when you can do something about it.
Instant message me for more info.
2006-11-09 01:40:59 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Your decrease than minimum fee is coming up a default with the aid of fact the "lacking" volume is purely further to right here month's minimum fee. in case your minimum fee is $40 yet in one month you pay purely $30, the subsequent month's minimum fee would be $50 ($40 + the lacking $10)
2016-10-03 11:01:29 · answer #3 · answered by ? 4 · 0⤊ 0⤋
well you can always let your card charge off. it will put an R9 on your credit rating, but at least they won't be able to take your house. legally the companies do own the things you bought with the card until you pay the card off. so they can actually come in and take what you bought back.
2006-11-09 09:03:16 · answer #4 · answered by Starry Eyes 5 · 0⤊ 0⤋
Yes the can forceably collect on their debt if they get a judgement against you. Why do you think you are entitled to use your credit cards to pay for surgery when you know that you can't pay the debt back?
2006-11-09 00:06:43 · answer #5 · answered by Anonymous · 0⤊ 1⤋
at one time or other most every one has a problem, but people that don't pay the bills it's passed on to the ones that do in higher prices
2006-11-10 21:39:57 · answer #6 · answered by moonwalker 3 · 0⤊ 0⤋
YES THEY CAN
That's why sensible people pay the optional insurance on their card bills so that payments are covered if they are unable to work.
2006-11-08 23:02:02 · answer #7 · answered by Anonymous · 0⤊ 2⤋
There are some useful tips here.
2006-11-09 02:42:39 · answer #8 · answered by Anonymous · 0⤊ 0⤋
Not if you declare bankrupt
2006-11-09 00:07:49 · answer #9 · answered by hawkeye 2 · 1⤊ 0⤋