Credit card agreements, like mortgages, car loans, and many other agreements, are contracts. Like all contracts, the credit card agreements come with obligations, in this case, the obligation to pay back borrowed money.
In tough economies, a lot of people are concerned about the consequences of not paying credit card debt, in lieu of other, more [...]
A blog about legal issues facing Oklahomans
Tag Archive: Garnishment
What Happens if I Don’t Pay My Credit Card?
Credit Cards and Garnishment
When people have financial problems, credit card trouble goes hand-in-hand. The biggest fear most people face is whether the credit card company is going to garnish their paychecks.
Quite simply, garnishment is taking a portion of your paycheck and paying a judgment to another. The problem for the debtor and the creditor is that most people [...]