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View Full Version : Being sued for credi card drbt can they take my home


bigboy61
May 2, 2007, 02:46 PM
Hi I'm just found out I'm being sued for some credit card debt about 1700 dollars when I was working I always paid them on time was making 4000 a month now I'm disabled and on sued with a income of 1331 a month and doctor bills and medication are so high that I just don't have the money to pay for them I do have a mor on my house its only 350 a month so you see I'm afraid of losing it because I would not be able to rent something else for the same can anyone help answer thanks

excon
May 2, 2007, 06:16 PM
Hello big:

No, they can't take your home. Credit cards are "unsecured" debt. That means they have nothing to secure their loan but your word. They can't all of a sudden get your home as security.

excon