Legal Question in Credit and Debt Law in Arizona
trouble for not paying
If I stop paying on a credit card bill for a card that I no longer have what can happen to me?
Asked on 6/30/02, 9:19 pm
1 Answer from Attorneys
Charles Griffin
Law Offices of The Griffin Firm, LLC
Re: trouble for not paying
It will be reported on your credit report, most probably. Also, the balance may continue to accrue interest. Further, some companies, such as Discover Card, are actually suing their cardholders who default and are getting judgments against them.
Answered on 6/30/02, 10:10 pm