Hi, im new to this site,, i hope some one can give me an answer,:~)
my son is havin problem with his credit cards, he has alot of them
and he is way behind on them, some of them have been turned in the the C Bureau
will they put a lien on his home and if so what does that mean?
thanks in advance
Redrose02

SnakeBite

Credit card debt stinks, especially if you don't have the money to pay them. The interest just keeps on adding up and up.

To answer your question: There has to be a judgement for them to place a lien on his house. Creditors want their money, they don't want the house of the car. If he makes feasible payment arrangements, they will leave him alone. However, if he ignores the debt, you can bet they will sue him and then they can put a lien on his property -- house, car, etc...

mr.yet

He need to make arrangement to pay these, now, and than cut up the credit cards and never get one again.

If he fails to pay, they will sue for a judgment against him, attach wages, garnish accounts.

Credit Cards are bad if not handled carefully.

redroses02

Thanks to the 2 who answerd my question,, but I would like to know what does a lien mean in case it happens to my son, he doesnt have a computer
thanks

Fr_Chuck

I have moved your question back to your orginal post, this way it will make sense to others reading it.

ScottGem

A lien is an encumbrance on a piece of property that prevent the property from being transferred or sold until the amount of the lien has been paid.

In most areas, a primary residence is exempt from having a lien placed on it for unsecured debt such as credit cards. Even if a lien is placed, it won't force the sale, they would still have to awit until its sold and their lien would be secondary to his mortgage.