what can credit card companies do to you if you are unable to pay your bill?

Answer 1

All they can do is call you and threaten you. However, you can stop this by simply demanding that they no longer contact you by phone and only by mail. If they continue to call, you have the right to sue them for harassment.

Hope this helps.

Answer 2

Reflect nonpayment on your credit report - which will make it more difficult for you to get credit in the future and can cause other credit card companies to raise their interest rates on any other cards you have.

Turn it over to a Collection Agency which will continuously harass you.

It's better to make a deal with the Credit Card company and come to an agreement on what you're capable of paying. They are usually willing to negotiate.

Answer 3

take you to court, if they win they can maybe get an order to take some of your belongings to pay your bill. A judge may issue an order requiring you to pay itt off over time at a rate you can afford.

If you cant make a payment contact the company and see what arrangements you can make before its way overdue.

Its not a criminal matter so you cant go to jail.

Answer 4

Worse case scenario, they can file a lawsuit against you, and put a lien or garnish your salary, or if you have property and want to sell it, they can collect the money you owe them from the sale.

Answer 5

You should try debt settlement. they can end all the calls and save you up to 60%

Call 888-5-debt-Pro

Answer 6

keep charging you late fees, call you constantly, make your interest rate go up-and ruin your credit......obviously you shouldn't have a credit card if you cant afford the minimum payment!!!!!!!!!!!!!!!!!!!!!!!!!!!

Answer 7

Michael F is correct they can do that