[a_worried_student]

I have too much balance on my credit card. And now while I have maxed out all my credit cards, I am unable to pay even the minimum payment. I wanted to know:

1: How long does it take for credit card companies to send my case to collectors.

2. Do the collection agent come to the house?

2. Will I be sued? I have no property except for an old car. Will they arrest me?

3. I am in US on a student visa. Will I be deported from the country?

[Mr. Knowitall]

1: How long does it take for credit card companies to send my case to collectors.

That depends upon the policies of the credit card company.

2. Do the collection agent come to the house?

It is very unlikely.

2. Will I be sued?

Possibly.

I have no property except for an old car. Will they arrest me?

No.

3. I am in US on a student visa. Will I be deported from the country?

No.

[a_worried_student]

Thank you very much for your reply.
Would you please explain what happens when a person like me who has not enough income and no assets is sued in the court? What is the possible judgement?

[Mr. Knowitall]

The court would likely enter a judgment which includes the amount of the debt, interests, court costs, and (if allowed by contract or law) attorney fees. The prevailing party would seek to enforce that judgment by collecting against whatever assets it can find, within the confines of state law.

[geofan49]

Each state has a different set of rules for how much of what you own can be "excluded" or is exempt from a judgement.

The court tries to be fair so you can keep the basic living essentials. In California it is about $20,000. Some states are much less.

Often, the creditor learns that the debtor does not have any assets that can be taken... That makes your "judgement proof" and they may not even want to incur the cost of trying to sue you, since there is nothing to be gained. I

f it is secured property, like a house or a car, then they can take it. If you can keep making car payments and let the rest of your unsecured accounts just slide, you could get away with it. You will get lots of letters and phone calls, though. Those would stop if you declared bankruptcy. May not be worth doing BK if you don't care about the calls and letters, and you do not have any assets that can be taken.

GOOGLE THIS: Exemptions From Enforcement of Judgment OHIO