I have a house , I am working on my credit score to refiance but in the mean time law firms / collection agents are filing liens against my property for credit cards which are 5/6 years old .. I thpught they were charged off but see they werent.
I am recieving public assistance and my wife is disabled..
2006-12-17 16:40:15 · 4 answers · asked by Anonymous in Business & Finance ➔ Credit
What? Credit cards are unsecured loans. How can they be filing liens on your property?
I'd recommend getting to a reputable credit counselor right away.
2006-12-17 17:27:39 · answer #1 · answered by Uncle Pennybags 7 · 0⤊ 0⤋
Depending on what State you live in credit card debt has a statute of limitations and most are from 3 to 5 years.
You can look up the statue of limitations for your State on line.
http://www.yourdictionary.com/business_profile/debt/statute_of_limitations_for_debts.html
http://credit.about.com/od/debtcollection/a/limitperiod.htm
http://www.totalcreditrestoration.com/welcome/10/can-a-time-barred-debt-be-collected-tell-that-debt-collector-to-shove-it/
2006-12-18 00:46:16 · answer #2 · answered by Anonymous · 0⤊ 0⤋
I would file bankruptcy. And I would get a job. Why aren't you working? If you are able to work you should not depend on public assistance. I am not trying to be insensitive but if you can work you should!
2006-12-18 00:50:37 · answer #3 · answered by otisisstumpy 7 · 0⤊ 0⤋
They can do that because they can not garnish any wages received from the government.
2006-12-19 23:38:50 · answer #4 · answered by luciousgreeneyedlady 5 · 0⤊ 0⤋