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    lucyhusser's Avatar
    lucyhusser Posts: 1, Reputation: 1
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    #1

    May 24, 2010, 12:43 PM
    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
    JudyKayTee's Avatar
    JudyKayTee Posts: 46,503, Reputation: 4600
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    #2

    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's Avatar
    DownUnder Posts: 492, Reputation: 24
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    #3

    May 24, 2010, 12:51 PM

    And my question would be how long have you been with this debt settlement company?
    JudyKayTee's Avatar
    JudyKayTee Posts: 46,503, Reputation: 4600
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    #4

    May 24, 2010, 12:54 PM
    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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