Can a Credit Card Company Reposes Your House?
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Posted: Thu Sep 23, 2004 6:15 pm
Post subject: Can a Credit Card Company Reposes Your House?
An
Date: 3/10/2001 3:01 pm CDT
Can they actualy take your home or vehicle? How long can they bug you for $19000. in credit card debt?
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
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Posted: Thu Sep 23, 2004 6:15 pm
Post subject: Can a Credit Card Company Reposes Your House?
Board Monitor - AD
Date: 3/10/2001 7:37 pm CDT
Dear An,
Credit card debt is considered as "Unsecured Debt" so it is not like a mortgage or auto loan, which are secured by your assets. Though depending on the State in which you reside, they could take legal action or they may simply write it off.
I would take a look at the following site of the Federal Trade Commission for more info:
http://www.ftc.gov
Sincerely,
Alex Daskaloff
http://www.creditcardfreedom.com
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
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Posted: Thu Sep 23, 2004 6:16 pm
Post subject: Can a Credit Card Company Reposes Your House?
Ariel
Date: 3/10/2001 10:07 pm CDT
Excuse me 4 a personal question, but where you've got your family name "Daskaloff". Maybe we can speak same language.
And second one - I saw a review on Students Blue on the web site (brand new). It's strange 2 me how you can review something that exist just for 24 hours;))
Anyway, I have AMEX Students Optima - do I have to submit a new application to upgrade it, or what's going to happen? AMEX didn't even send me an e-mail with any explanatations about.
Ty, Ariel
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
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Posted: Thu Sep 23, 2004 6:16 pm
Post subject: Can a Credit Card Company Reposes Your House?
Board Monitor - AD
Date: 3/11/2001 12:27 am CDT
Dear Ariel,
My last name is from my father who is from Bulgaria. Unfortunately, I do not speak Bulgarian, only a few bad words that I had picked up when I was a child from my father (who is a painter), who would scream out a Bulgarian curse every time he made a mistake on one of his paintings.
Reviews on credit cards are based on the information posted online by card issuers. The reason that Blue for Students receives a high rating is due to the fact that it offers students a gorge of benefits at a reasonable interest rate (for a student card) with no annual fee.
I am especially attracted to the number of travel certificates offered at discounted rates, as I know from my college years, they can be very valuable, and especially due to the fact that a companion can also take advantage of the travel certificates.
I am not sure about upgrading to Blue, you should contact American Express on that issue. But I would do a comparison between the two, and from there decide whether it's worth the change.
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Posted: Thu Sep 23, 2004 6:15 pm
Post subject: Can a Credit Card Company Reposes Your House?
An
Date: 3/10/2001 3:01 pm CDT
Can they actualy take your home or vehicle? How long can they bug you for $19000. in credit card debt?
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
archive
Posted: Thu Sep 23, 2004 6:15 pm
Post subject: Can a Credit Card Company Reposes Your House?
Board Monitor - AD
Date: 3/10/2001 7:37 pm CDT
Dear An,
Credit card debt is considered as "Unsecured Debt" so it is not like a mortgage or auto loan, which are secured by your assets. Though depending on the State in which you reside, they could take legal action or they may simply write it off.
I would take a look at the following site of the Federal Trade Commission for more info:
http://www.ftc.gov
Sincerely,
Alex Daskaloff
http://www.creditcardfreedom.com
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
archive
Posted: Thu Sep 23, 2004 6:16 pm
Post subject: Can a Credit Card Company Reposes Your House?
Ariel
Date: 3/10/2001 10:07 pm CDT
Excuse me 4 a personal question, but where you've got your family name "Daskaloff". Maybe we can speak same language.
And second one - I saw a review on Students Blue on the web site (brand new). It's strange 2 me how you can review something that exist just for 24 hours;))
Anyway, I have AMEX Students Optima - do I have to submit a new application to upgrade it, or what's going to happen? AMEX didn't even send me an e-mail with any explanatations about.
Ty, Ariel
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
archive
Posted: Thu Sep 23, 2004 6:16 pm
Post subject: Can a Credit Card Company Reposes Your House?
Board Monitor - AD
Date: 3/11/2001 12:27 am CDT
Dear Ariel,
My last name is from my father who is from Bulgaria. Unfortunately, I do not speak Bulgarian, only a few bad words that I had picked up when I was a child from my father (who is a painter), who would scream out a Bulgarian curse every time he made a mistake on one of his paintings.
Reviews on credit cards are based on the information posted online by card issuers. The reason that Blue for Students receives a high rating is due to the fact that it offers students a gorge of benefits at a reasonable interest rate (for a student card) with no annual fee.
I am especially attracted to the number of travel certificates offered at discounted rates, as I know from my college years, they can be very valuable, and especially due to the fact that a companion can also take advantage of the travel certificates.
I am not sure about upgrading to Blue, you should contact American Express on that issue. But I would do a comparison between the two, and from there decide whether it's worth the change.
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
posted by CardRatings.com at 12:27 PM
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