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  #1  
Old 01-31-2006, 09:22 PM
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Join Date: Jan 2006
Posts: 4
Angry

Can not pay credit card

Because of 7 sugeries I can no longer work and can not pay my credit card. The credit card company has threaten a judgment against me . What is this and what can happen. Will I have to go to court or can they take my car,house etc.
I live in North carolina please help.
Scared.
  #2  
Old 01-31-2006, 09:52 PM
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Join Date: Aug 2005
Location: St. Odo of Cluny Parish
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Quote:
Originally Posted by okiedokie
Because of 7 sugeries I can no longer work and can not pay my credit card. The credit card company has threaten a judgment against me . What is this and what can happen. Will I have to go to court or can they take my car,house etc.
I live in North carolina please help.
Scared.
Talk to a bankruptcy lawyer.
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  #3  
Old 02-06-2006, 12:37 PM
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Posts: 1,270
Yes, they can take you to court and sue you for the monies owed. What they can do once they obtain a judgment depends on the laws in your particular state, but it could include a lien on vehicles, homes, personal property, real estate, levying of bank accounts, wage garnishment and etc.

You should do as Judgy advised and speak to an attorney regarding the possible filing of bankruptcy. There are ways to protect/keep your home and car and just take care of the debts that you can no longer handle.
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  #4  
Old 02-06-2006, 01:29 PM
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Posts: 2,336
Whoa. Slow down a second.

NC has a very short 3-year SOL. When was the last time you made a regular payment on these credit cards?

The strategy is different depending on whether or not the debt is out of statute.
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