![]() |
|
|||||||
| Debt Collection Debt collection statutes, state and federal law, etc. |
![]() |
|
|
|
|
Thread Tools | Search this Thread | Rate Thread | Display Modes |
|
|
#1 |
|
Junior Member
Last Online:
05-09-2008 12:47 AM Join Date: Apr 2008
Posts: 1
|
I have 3 credit cards which combined have an outstanding balance of about $22,000. I have not been able to make any payments on them in a little over a year now and needless to say, I am getting numerous calls from collectors every day about it which I am avoiding since I just don't have the money to pay them and I don't know what to tell them.
What I'm really concernd about and what I want to know is: Can they eventually put a lien on my residence if I can't come up with the money to pay them soon? If so.., what will happen if they do put a lien on my residence? Is there any way out of this situation that I'm in? |
|
|
|
|
|
#2 |
|
Top Level Member
Last Online:
Today 02:40 PM Join Date: May 2007
Posts: 692
|
They have to sue you and in some states could place a lien eventually yes...
See just fyi http://www.worldlawdirect.com/article/935 -- Collecting on a court judgment. |
|
|
|
![]() |
| Thread Tools | Search this Thread |
| Display Modes | Rate This Thread |
|
|
Similar Threads
|
||||
| Thread | Thread Starter | Forum | Replies | Last Post |
| Due process clause | mahmut68 | Law Wiki | 0 | 10-28-2008 11:29 AM |
| New Mexico complaint for debt and money due for deficiency after repossession | noelia | Debt Collection | 1 | 10-10-2008 09:18 AM |
| Overtime due | Unregistered | Salary & Workers Compensation | 4 | 07-24-2008 12:35 AM |
| Can a debt collector take my stimulus check if the debt has passed the SOL? | BarbaraH45 | Debt Collection | 0 | 05-24-2008 05:01 PM |
| Lawsuit due to ID theft | Unregistered | Courts, Decisions, Appeals | 1 | 12-09-2007 08:42 PM |