[superfriendlady]

I am in over my head with credit card/loan debt due to losing my job 1 year ago. I've done well in paying my payments but now I am going to stop making payments because its either pay them or my house, food/utilities and car payments/insurance. How long does it normally take before they get a judgement to garnish possible wages (if I ever get another job), lien on my home or freeze my checking/savings accounts? Is it true that credit cards (like macys, kohls, visa/mastercards) are non-secured loans and they can't freeze your accounts or lien on home/cars? Please give me suggestions. I had excellent credit last year, now its going to be BAD. I'm most likely going to file bankruptcy by years end.

[smoothy]

They can (and do) do it right up until the statute of limitations... and that is a number of years.

How fast that might be varies by just how aggressive they are pursuing it.

[Clough]

Hi, superfriendlady!

Have you called the credit card companies to see about making payment arrangements? Usually, something can be worked out. I've done that a number of times.

Thanks!