Was wondering?

Question

hmm.. well i have have a prepaid mastercard and i was wondering what happens when reacurring charges are made when you dont have money on it.. will they just cancel or what happens?

this has been on my mind for almost a year..

Answer 1

Reoccuring charges won't happen more than the one-off chance that you get an over limit authorization from your card company. The person who is trying to charge your card will get continuous declines and they'll just send it to a collection agency. Believe me, you don't want that...that negative information will stay on your credit report for 7 years.