Hello mitra haru,

1ota company named "Legacy Reliance Group" le malai call garera mero discover credit card (credit limit $500.00) ko debt pay gara natra court ma summon garchhu bhani kind of dhamki diyo..Note: ahile ko balance about $1800.00 jati chha. Sath-sathai tyo companyle malai only $500.00 pay garyo within the nearest deadline (few days) bhane sabai debt tire saraha hunchha and future ma kehi pani tirnu pardaina bhanyo. I mean sabai debt clear hunchha re.

1. K yo company real ho ki fake and how about the offer?
2. Can a credit card company sue the debtor if he/she does not pay the monthly fee for a long time?

By the way mero credit card 2010 ma issue bhaeko ho.
Yedi kohi sathi yestai situation ma pari umkinu bhaeko bhae or yesto problem tackle garna safal hunu bhaeko bhae or kasailai yas bare knowledge bhae please do share with me.

bittertruth ji,
tapai ko comment haru padha tapai alik kshamata bhanda balik nai janne hunu huncha jasto lagyo...alikati subject bujhera comment hanne garnu bhayo bhane alik padnne like ni majja aauthiyo hola....

lamopuri bro,
i am posting a link here which may help you understand benefits of secured cards....http://money.usnews.com/money/blogs/my-money/2011/03/31/the-hidden-benefits-of-secured-cards
please google it , thats only link i found but there are hundreds more...

Please read before commenting. If you have already f...ed your credit up, then why pay additional $500? But you should never f;;k it up in the first place. Remember that always...

very few people want to purposefully fk up their credit. Most find themselves in a dilemma to take care of very important things in life vs. good credit and forced to allocate their finances towards the very important things in life vs. good credit to buy house or a fancy car. For eg, someone might end up in emergency room an end up with thousands of dollars in bill when they get out, so rather die than to ruin credit? bad things happen to good people all the time unfortunately, no one knows how this bro ended up 8k on debt but i sure hope he did not pile the debt smoking weed and watching tv all day. That is there is bankruptcy law, there is 7 years of bad credit to fall of law, credit card companies can not renew cycle, illegal and harassing debt collection practices are forbidden and punishable harshly. Credit card and loan companies are aware of the defaults too and most of the time are willing to work with you. They have their business model build such way that defaults are only a very small percent of the loss and they make up such loss by other charges such as overdraft fees, high interest charges etc etc. Worse come worse they get govt bail money which is guess what our tax dollars. But all this does not mean you should purposefully fk up your credit. you definitely want to be upstanding citizen and having good credit will improve your quality of life. but if you somehow have to live with bad credit it's not the end of the world. there are lots of ppl in US who religiously or due to their moral principle chose not to get any credit and they do just fine.

Urban Khasi bro,
I am not arguing against the fact that secured cards are beneficial. The point is, virtually anybody can get a secured card coz it's SECURED. It helps you build credit, no doubt but there is no way in the world that it can be compared with 'Unsecured Credit Cards'. The bottom line is it is always like using a debit card until the issuing company feels comfortable enough to increase the credit line.

CosyNepal,

It's never to late to built your credit. I know that your credit has been fucked up. You have also accepted that you are the responsible party for destroying all your credit history. Now you are in a situation like "Bal aba yesai fuck bhayo ausai fuck bhayo, I will not pay" and I get that.

My recommendation is call your credit card company and tell your situation about how you will not be able to pay your credit card dollar amount that you used. Tell them (credit card company) the offer you are getting from that Legancy group. Tackle this situation wisely and involving both party,. Talk to the credit card company and start paying whatever you can. They will be able to help you reduce your amount/interest whatever they can.

You may be able to start fresh after 7 years but it's not about the money or new start. It's your attitude how you do things.

Change your habit and learn to be responsible and you will not have this problem in future.

I know I went a little hard on you but its all for you to be a better you.

and to answer to your question, yes they can sue you if they want.

Thanks,

Nepali

lamopuri bro,
Absolutely agreed with you...
But I just do not recall comparing secured vs unsecured credit cards....unless i misread something somewhere...
My point is to help how to rebuild credit through other channels buz unsecured cards are out of question!

Thanks a lot for all of your useful information and invaluable suggestions.