Re: Can they take my (paid for) home for unsecured credit card

Posted by Theresa (149.174.164.20) on May 16, 2004 at 11:02:44:

In Reply to: Can they take my (paid for) home for unsecured credit card posted by D on May 16, 2004 at 00:15:59:

It is a violation for the CA to "say" that they
can take your home. You should not be talking to them, only to find out who they are. The more they can pressure you, the faster you will make a mistake in handling your situation. The CA is simply not on your side and is not required to look out for your future.
Did they send a dunning letter? You have a right by law to dispute all claims made by a CA and a 30 day window is left open by law for them to stop calling you once you send in a letter of dispute, even if the debt is yours or not.

Can they attempt to sue you, yes.
Can they get a judgement against you, maybe.
Can a judgement then attach your home, partially.
Can you negotiate a settlement? It's worth a try.
Can you confound them by filing bankruptcy? Yes,
with reduced credit opportunities, and other troublesome aspects for the future.
Can you log collection violations and sue them
for up to $1000 each. Yes.

Hope this helps. Good luck

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