Legal Question in Credit and Debt Law in Minnesota

Legal contract ?

When a person has a credit card is this a legal contract?

What can happen if not able to pay for it?


Asked on 2/03/05, 3:26 pm

1 Answer from Attorneys
David Anderson Anderson Business Law LLC

Re: Legal contract ?

Yes. There is a contract obligation. However, I work with businesses and individuals who become unable to pay their credit cards and frequently work out payments for less than amount due, without filing bankruptcy. Let me know if you wish to discuss further./

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Answered on 2/03/05, 3:32 pm


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