View Full Version : I'm very past due on credit cards can they put a lean on my house
lucyhusser
May 24, 2010, 12:43 PM
I'm with a debt settlement company who have not contacted my creditors yet and they are now sueing me can they lean on my house, stocks and savings
JudyKayTee
May 24, 2010, 12:48 PM
No one can move against your assets unless/until they get a Judgment against you and then what they can seize varies by State.
What State? Have you been served with a Summons/Complaint?
DownUnder
May 24, 2010, 12:51 PM
And my question would be how long have you been with this debt settlement company?
JudyKayTee
May 24, 2010, 12:54 PM
and my question would be how long have you been with this debt settlement company?
I don't find this to be material but it is a good question and it brings up another subject - one which does not ask.
Creditors do NOT have to cooperate with debt settlement agencies. Depending on your debts and assets Bankruptcy might be a better way for you to handle your debt. I appreciate that is what you are trying to avoid - but you can spend a LOT of money on a debt settlement company, have ONE creditor refuse to cooperate, be out all the money you spent on the debt settlement company and STILL owe the debt!