2007-07-01 13:21:03 · 5 answers · asked by cindyso72 1 in Business & Finance ➔ Personal Finance
If it is from your employer, they will deduct it from your paycheck.
If it is from a credit card company, they will start the collection process until you pay. They may eventually sue you and ruin your credit rating. Also, they could file a 1099C against you with the IRS telling them that they have written off the debt and you will have to report it as income and pay additional income taxes.
If it is from a loan shark, Vinny and Bruno will come and break your legs.
2007-07-01 14:34:05 · answer #1 · answered by Steve 6 · 0⤊ 0⤋
If it's from your employer they will deducted from your pay.
If it's from your bank, they will deduct it from your account even if the funds are not available and cause everything else to bounce and it will cause your account to be all messy.
If it's from an istitution, then they will try to collect the fees from your account, everytime they try and it gets returned back you might be charged for a NSF fee. If they can't collect anything for a period of time, they do a Levy against your account ( basically send you to court).
2007-07-04 23:55:54 · answer #2 · answered by Anonymous · 0⤊ 0⤋
They harrass you, put a negative rating on the report that banks look at before opening a checking account in your name, and possibly add a negative rating to your credit report.
2007-07-04 17:09:41 · answer #3 · answered by amaya7 5 · 0⤊ 0⤋
Your hair will fall out and you will become bald. If that does not happen, you feet will turn a bright green. If you want intelligent answers, you have to ask intelligent questions.
2007-07-01 20:25:58 · answer #4 · answered by Anonymous · 0⤊ 1⤋
From your employer, I assume. Normally, they will take it out of your pay.
2007-07-01 20:34:31 · answer #5 · answered by jdkilp 7 · 0⤊ 0⤋