To correct kat: Creditors can't LEGALLY threaten to do something they can't legally do. Many credit card collection agencies routinely violate Federal law as a standard practice. No ware in the US con you go to jail for failure to pay a debt. If you knew you could not pay when you acquired the debt, that is fraud and you COULD face criminal charges for that.
Sammy&Pete said she got an ARREST warrant last week for a debtor that was not cooperating. Assuming that is not a lie, the warrant was NOT for failure to pay, or even for not cooperating, it was for something they DID.
2007-05-10 13:59:15
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answer #1
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answered by STEVEN F 7
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No. Not at all. I was always scared about this. The only thing the can do is take you to court to get you to pay, harrass you at work, home, wherever they can get a hold of you. Mail you stuff constantly. I don't know if the laws changed but the statue of limitations used to be 4 years.
Also, I just remembered. They said if they put people in jail for owing debt, they're would be so much overcrowding in jail, and it's not worth it. There are other people that need to be there, not the ones that owe.
2007-05-10 13:19:09
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answer #2
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answered by **Irene** 2
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The laws vary depending on what state you are in. Best to look up the laws of your state and contact the Attorney General's office if you have questions about it.
Credit card companies cannot threaten to do things that they cannot legally do in your state. So, be aware of such laws, and if they do those things, you can file a complaint.
For example, in some states, wage garnishment is illegal. They also cannot harass you by making personal statements, etc.
2007-05-10 13:42:15
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answer #3
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answered by Anonymous
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No as long as it wasnt fraud.
But there is one thing though...its not just them chasing you around, calling you or sending you letters.
They can sue you, obtain a judgment and depending on what state your in...garnish your wages, do bank levys, file liens, attach assets, etc.
Oh ya...one thing I have done before is...after I sue people and get a judgment and they refuse to pay...I have them served a summons for whats called a judgment debtor exam and if they do not show up to the hearing I got bench warrants.
Thats about it.
Good Luck
2007-05-10 13:30:37
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answer #4
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answered by smile4cobra 3
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No, unless you intentionally defrauded the credit card company, in which case it is a crime and you could be prosecuted.
2007-05-10 13:22:57
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answer #5
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answered by amy 1
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yes sir-ree.....
That last guy just answered it correctly.
I work in bad debt as well and just last week we got a warrant for arrest issued against a debtor who wasnt cooperating.
The guy below states it was because of something the debtor did --- completely no fraud was involved at all....they owed money, were demanded by the courts to pay us...refused to cooperate...refused to show up in court for the debtors review.... A warrant was issued becasue they ignored as court order.... and for the record I am in Illinois.
2007-05-10 13:45:55
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answer #6
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answered by Sammy&Pete 3
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Nope the government did away with debtors prison years ago, but you can still go to prison for owing taxes... debtors prison...HMMMM????
2007-05-10 13:24:03
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answer #7
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answered by liv3wire ~ 3
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Thankfully no... Although you can have a judgement against you that basically sues you for their money! Yikes....
2007-05-10 13:22:25
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answer #8
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answered by christina h 2
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i hope not!!
2007-05-10 13:17:26
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answer #9
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answered by Anonymous
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