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Can they take house in California for unsecured credit card debt?

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If a credit card that I defaulted on and they were granted a judgment against me, could they take our house or any personal property like furniture, electronics, etc.? My husband is on the title also and owns most of these and had no knowledge of these debts. Help!




SOAPLADY


Debt Samaritan
Posts: 17191
Credits: 474465.88869987

Sub: #1 They wont take the house but they could put a lien against it.
Sun, 03/15/2009 - 08:55

They wont take the house but they could put a lien against it.




Unregistered

Sub: #2 lien against home
Tue, 09/08/2009 - 12:16

This is totally untrue. No unsecured debt can put a lien against anyone's home unless the owner of the home used home equity to aquire money to pay off those debts. This happens all the time and it is foolish. When this is done the customer is making an unsecured debt a secured one and therefore is allowing the home to be collateral against an unsecured debt. Never a good idea.




Frogpatch


Posts: 5385
Credits: 65249.255519088

Sub: #3 A judgement is NOT an unsecured loan! They can put a lien on any
Tue, 09/08/2009 - 12:26

A judgement is NOT an unsecured loan! They can put a lien on any assets including a home, bank account and even garnish pay! If they put a lien on your home you will not have it removed until you pay the judgement! That means you can't sell it or take a second mortgage. Guest above is terribly misinformed! Soap Lady who spent her career in the business of collecting is correct!




Unregistered

Sub: #4 judgements
Tue, 09/08/2009 - 13:15

You are correct that a judgement is different, however you are failing to mention in all your experience collecting debts that judgements on unsecured debts only occur in todays market if the customer sits on their hands and allows it to happen. In todays market and with todays banking protocols there are several ways to prevent a judgement from occurring on an unsecured debt. These ways include the increasingly popular debt settlement process. This is a simple program that involves hiring a company who can negotiate the principle balances of your unsecured debts to far less than owed and gaining approval from the creditor to satisfy that debt for that smaller amount. This process is accepted by banks, collection agencies, attorneys, and other creditors before judgements are passed. I have experience in the settlements of thousands of debts with all of these types of creditors and it is true. In fact with the changes that have occured within the banks since last september they have become even more flexible with regard to the terms of settlement than ever before historically. This is making these programs very attractive and easy for consumers who have been blindsided by this turning of the economy and simply cannot afford anymore, to pay their debts on the original terms they were given by their creditors.




Chrys Henderson

Posts: 2560
Credits: 17373.3

Sub: #5 Doing debt settlement will not stop any collector from suing and
Tue, 09/08/2009 - 23:52

Doing debt settlement will not stop any collector from suing and obtaining a judgement, in fact it may even increase the chances of a lawsuit.

But anyway, this is a moot point in this case. The original poster was talking about a judgement against them and it does no good answering a specific question with every other "you could have done" that they could have done.




Frogpatch


Posts: 5385
Credits: 65249.255519088

Sub: #6 Many attorney collectors will ignore attempts at any form of se
Wed, 09/09/2009 - 08:59

Many attorney collectors will ignore attempts at any form of settlement and file in district court to collect their legal fees on top of the debt!




Unregistered

Sub: #7 H e l p ! ! ! !
Tue, 02/02/2010 - 09:32

what kind of help is out there to help people who , cannot file bankruptcy .
Or who cannot do debt consolidation . This is so frustrating . we have to equity on our house to do bankruptcy . And we can't afford monthly payments to do
debt consolidation . I am really confused . I will have to sell my house . And with the little money I get from the sale , I'll pay the debt off .
Is there any other help out there .
If Donald Trump can file for BANKRUPTCY , WHY can't we . There's laws to protect him but none to protect me and a few million others . I don't know what else to do .




SOAPLADY


Debt Samaritan
Posts: 17191
Credits: 474465.88869987

Sub: #8 Donald Trump probably did a business bankruptcy, not a personal
Tue, 02/02/2010 - 11:13

Donald Trump probably did a business bankruptcy, not a personal one. There is a big difference.




Unregistered

Sub: #9 If you have a law suit, if you settle it makes it easier for neg
Tue, 02/02/2010 - 14:26

If you have a law suit, if you settle it makes it easier for negotiations to lean your way. I have been helping clients for the past 3 years with debt and the law suits along with it




Unregistered

Sub: #10 In the State of VA, if both spouses loose thier job due the the
Mon, 02/22/2010 - 05:57

In the State of VA, if both spouses loose thier job due the the mass layoff, can they file bankruptsy, on all debts, cc, mortgage, medical and keep thier house and cars?




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