Credit Card Debt Rules

July 24th, 2010

Question: Has anyone ever been taken to court for credit card debt?

If so, for what amount and what was the outcome of you going to court? Did the judge rule in your favour or the creditor? Thanks!

Answer: I personaly dont but know of many cases.

Usually if you dont appear they rule on creditor favor, if you appear and show you cant pay they try to help you out.

New credit card rules and what they mean to you

Did you know that there are new rules governing the fees and penalties that credit card companies can charge you? The provisions in the Credit Card Accountability Responsibility and Disclosure (CARD) Act of 2009 should save consumers at least $10 billion a year, according to the Pew Foundation.

Your Money: Guide to New Credit Card Rules – NYTimes.com