Can someone get jailed for not paying his credit card debts?
Everyone makes mistakes at times and one of those instances is forgetting to pay your credit card. No one so far has ever gone to jail for non payment of credit card… In the US credit score downgrade could be the worst that can ever happen but elsewhere it could contribute to non approval of loans or new credit card applications if the previous credit card unpaid shares info with other financial instituions. Banks or credit card companies has the right to recover whatever a person owes them but they would usually send credit collector over to the house to ask for payment, send several notices, sherifs could be one of the last few options if there are things that can be recovered such as your car or any appliances. Legal suits is their last option but it would be more expensive for credit card companies to exhaust that is why they try their best not to get to such a last resort option. There is thus far no law in any given state or country about Credit card non payor immediately going
