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-   -   I'm very past due on credit cards can they put a lean on my house (https://www.askmehelpdesk.com/showthread.php?t=473060)

  • May 24, 2010, 12:43 PM
    lucyhusser
    I'm very past due on credit cards can they put a lean on my house
    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
  • May 24, 2010, 12:48 PM
    JudyKayTee

    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?
  • May 24, 2010, 12:51 PM
    DownUnder

    And my question would be how long have you been with this debt settlement company?
  • May 24, 2010, 12:54 PM
    JudyKayTee
    Quote:

    Originally Posted by DownUnder View Post
    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!

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