Legal Question in Bankruptcy in Texas
credit card debt
what happens if i can't pay the monthly minimums on credit cards?
Asked on 12/04/07, 5:15 pm
1 Answer from Attorneys
Andrew Nichols
Law Office of Andrew B. Nichols
Re: credit card debt
If you cannot pay the minimums you can either pay a smaller amount or consider bankruptcy. Most companies will accept smaller amounts and post them to your account but they will eventually charge you late fees because you are not making the full minimum payment.
Answered on 12/05/07, 4:03 pm
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