Yes, you can be sued for unpaid credit card debt even if you are retired and living on a fixed income such as Social Security or a pension. Here are the key points to consider: 1. Lawsuit for Unpaid Debt If you fail to pay your credit card debt, creditors or debt collectors can file […]
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When you stop paying your credit cards, the consequences can escalate over time and affect your credit score, finances, and even legal standing. Here’s a breakdown of what can happen: 1. Late Fees and Increased Interest Rates (1–30 days late) Late Fees: Most credit card companies will charge you a late fee for missing a […]
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Using your credit cards just before filing for bankruptcy can be risky and may raise concerns. Here’s what you need to consider: Potential for Fraud: If you make significant purchases or cash advances on your credit cards shortly before filing, the bankruptcy court or your creditors may view these transactions as fraudulent. This is especially […]
