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Full Version: Can someone go to jail for not paying their credit cards debts?
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They often tell me that no one can actually go to jail if they didn't pay their credit cards debts.  They say that there's no law for not paying debts for credit cards it’s not actually considered as a criminal act. There are a lot of people aware of this that's why they're not afraid getting in jail if ever they didn't pay their balances. Some people are so greedy that they will swipe their credit cards for a higher amount to buy things and worst part they didn’t pay what they’ve been purchased.

Can someone really go to jail for not paying their credit cards debts or it depends on a country if they have a law for not paying debts?

 
 
My friend didn't pay her credit card bill for more than 10 years now and she still not in jail. As what iv'e known credit cards are insured so when every time a credit card holder won't pay his or her credit card bill the bank will only send her letter of notice and that's about it. But here's the negative side of not paying your credit bill, you will be most likely be ban for applying a new credit card and your other bank accounts will be track down specially when your other bank is connected with the bank which you have owed money because that's what happen to my friend.
I think it's depend on your country. There is different law on every country. In my country I think there is no one go to jail for not paying their credit card debt.
Many people here are getting greedy like what you said. They just swipe their credit card and didn't pay for what they've purchased. There's also some case in some Telecommunication plans which include a handset that other people just getting the handset and after they got the phone, they will not pay the plan anymore and they didn't go to jail by doing so.
Credit card debts are civil liabilities so debtors are not likely to go to jail for non-payment of their debts. However, credit card companies can take legal steps to garnish their wages, take hold of their savings fund, or put a lien on their properties. Additionally, there are cases that can qualify for fraud. In such cases, the debtor may be sued criminally and be sent to jail if found guilty. Such cases include acts that tend to demonstrate intent to defraud the credit card company like moving to another address without informing the bank or credit card conmpany, misrepresenting information like claiming to be still employed or running a business to obtain a loan through the card, taking out a loan or using the card for purchases without any valid means or source of funds to pay for them and demonstrates the fact of incapacity by not being able to pay on the next billing cycle.
In as much as it's difficult to sentence people to jail for nonpayment of their credit debts, I still think that it is not the impetus for one to intentionally go into such debts. You see the reason that such plan is bad is that you'll be blacklisted from doing any form of transaction on any of your bank accounts since you submitted your social security identification number and consider how bad it gets when situation arises.
As far as I know, there is a law that prosecutes people who has debt towards a certain person and/or company, institute etc. But I've never heard someone who got arrested for bad credit. Although credit is technically debt as well, so, maybe they just don't want to exhaust resources for a measly debt of a few thousand dollars? I'm not sure. But just be reminded there is a law against those who has debts, estafa is the word, I guess. Correct me if i'm wrong.
Going to jail is not included as punishment for not paying credit card debts, and I believe that if it was, there wouldn't be so much credit card debt on the increase as the day progresses. People take advantage of this benefit and abuse it beyond imagination or should I say the irresponsible ones. I believe that major punishment melted to credit card debtors is restricting their access to funds in any financial institution and giving bad credit reputation which makes it impossible for them to apply for anything on credit.
(01-08-2018, 07:44 AM)thediamante Wrote: [ -> ]As far as I know, there is a law that prosecutes people who has debt towards a certain person and/or company, institute etc. But I've never heard someone who got arrested for bad credit. Although credit is technically debt as well, so, maybe they just don't want to exhaust resources for a measly debt of a few thousand dollars? I'm not sure. But just be reminded there is a law against those who has debts, estafa is the word, I guess. Correct me if i'm wrong.

I think Estafa is different from debts. Estafa is a fraud and it can be done by issuing of bouncing checks. Issuing of bouncing checks is a criminal act that's why they can go to jail. Maybe there's no one can go to jail for not paying their debts because they're giving a chance to those who can't pay they can settle and make an agreement. Though you opt to not to pay, you're going to have a bad credit history.
Not paying debt is the reason why credits go down. In some countries where in you really need to build up your credit standing this is a NO-NO. Although you didn't pay they money that you used.It's going to fire back at you. Hitting you credit score.
Here in the US you can not go to jail for not paying your credit card debt, but I don't know how it is in other countries around the world. You can go to jail though if your creditor sues you and you fail to show up in court. That would not be likely to happen though, they would most likely just order a default judgment against you and you could not plead the case the debts were not yours.
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