Credit Card Debt....Say Capital One?

Question

If you don't pay your credit card Debt with say Capital one can they Garnish your check or just put a bad mark against your account?

Answer 1

They can't garnish your wages! Or at least not in Texas-They will put it on your credit report as a default on a loan.But not usually until it is between 30 to 90 days late! Then it will stay there for seven years.But if you had let medical bills go an let them put it on your credit most creditors don't look down on them. As some of us all  had them at sometime or another.You might go to a debt consolidation like CC CS or some other company an they will ask you what cards you have .But you don't have to turn them all in just the one or ones that are late. It dose hurt you some on credit but it is worth doing to get the interest stopped or lowered an then bills  get paid off eventually!

Answer 2

Yet another reason why you and the rest of the country do not need credit cards. Ever hear of rich people dealing with stupid credit card debt and collection agencies?

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Answer 3

they told me that they would yank my card from me if I don't pay.

Answer 4

They can refer it to an attorney.  Depending on the credit card company this can happen at 60 days to 180 days or even after it charges off.  If they get the judgement, they can garnish your pay up to 25%, garnish your bank account or put a lien on your home--all this depends on the state you live in and what can legally be done.  It will report as a bad mark on your credit report-- and if they sue you and get the judgement, it will report as a judgement.  You would be better off to call the credit company and make arrangements with them.  Most companies will lower your payments, your interest and stop late charges.   ***

Answer 5

First, they will cancel your card.  Secondly, they will place a black mark on your credit history.  Lastly, if you have assests or can afford payments, they will take you to court.  Only after being awarded a judgement, can they can petition for a garnishment.

Answer 6

Hi,

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