Best buy credit card

I do not know if they can repossess it. What I can tell you if you do not keep up with the payments they will send your account to collections. it will probably at that point be reported to the Credit Bureaus possibly ruining your credit report.

what about settlement, is it going to work with them?

That depends on the status of your account. Some credit card companies will not even consider settlemet untill the account is 120 days past due.

Are you unable tp pay for your cc due to financial hardship? I suggest calling them an maybe they can put you on a hardship program.

Thanks, i don't have late payments yet, but I'm sure it will be soon, that's why i a little worry about the stuff i bought.

Well read your contract an see if it covers anything on payment default. In my experience most unsecured credit cards do not repossess valuables, they will seek a civil suit instead after a period of time.

[quote]Credit card purchases.

Credit card debt is unsecured, which means the credit agreement does not name anything as collateral for the loan. Therefore, items purchased with a credit card cannot be repossessed. SOURCE [/quote]