What happens if I fail to pay my credit card debt?

If you fail to pay your credit card debt in Virginia, you can be subject to legal action. The creditor can take you to court and sue you for the amount you owe, plus interest and any accrued late fees. The court may then enter a judgment against you for the amount of the debt. If this happens, the creditor can take legal steps to collect the debt. This can include garnishing your wages or putting a lien on your property. If they are unable to collect the debt through these methods, they may turn it over to a debt collector. Debt collectors can pursue collection of the debt through legal means. You should also be aware that if you fail to pay your credit card debt in Virginia, your credit score can be negatively impacted and it can remain on your credit report for up to seven years. This can significantly hurt your ability to get credit in the future. Under Virginia law, if you have a dispute about a credit card debt, you have the right to dispute it in writing with the creditor. The creditor must investigate the dispute and provide you with a written response. If the creditor does not respond or refuses your dispute, you may be able to dispute the debt through a third-party dispute resolution organization, such as the Better Business Bureau. You can also file a complaint against the creditor with the Federal Trade Commission.

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What happens if I fail to pay my credit card debt?

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