i saught out a debt settlement company that is working for us with the credit card companies and they are refdusing to work with the settlement company so i am going to try and work out an arrangment with to pay what i can.
2006-11-14 04:03:16 · 4 answers · asked by Sonia H 1 in Business & Finance ➔ Credit
Yes, they can place a lien on your home. But they will most likely work on garnishing your wages or bank accounts first.
2006-11-14 04:08:13 · answer #1 · answered by Anonymous · 0⤊ 1⤋
You have to agree for a lien to be put on your house. For example, when you take out a mortgage, you sign a security agreement stating there's a lien on your house. If you have an unsecured card, then they can't put a lien on anything. They CAN come after you and file suit against you FOR a lien on your property, but that takes foroever, so they probably wouldnt do that. If you have a secured card, you have already agreed that they can put a lien on whatever is in the security agreement.
2006-11-14 04:25:46 · answer #2 · answered by Annette J 4 · 0⤊ 0⤋
Unless you signed an agreement using your home as security, the credit card company cannot place a lien against your home. Most credit cards are considered "Unsecured Debts".
2006-11-14 04:59:04 · answer #3 · answered by Anonymous · 1⤊ 0⤋
you can get a lein put against your home at any time. i dont think credit companies can put the lien against your home but it will be a judgment on your credit.
2006-11-14 04:06:43 · answer #4 · answered by Anonymous · 0⤊ 1⤋