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Can a credit card company put a lien on a house that you own with another person or by yourself to try to collect their money?
Wiki User
∙ 18y ago
It depends. Some credit cards come to you as equity loans (you activate the card, it gives you a limit on the card equal to the equity on your house) and if you don't pay off the loan, the house belongs to the company. If it is a regular credit card and you don't pay, they may take you to court and win a judgment against you. That would allow them to put a lien on the house in the amount of the judgement. So, to answer your question, yes, there are ways that a credit card company can put a lien on your house.
Wiki User
∙ 18y ago
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Can a credit card company collect after 7 years?
no
What does it mean if a credit card company enters a judgment on you?
It means that you have that on your credit report for 8 years and that they have the right to collect the judgment from you.
Can a credit card company collect on a debt over seven years old?
Yes. Even though the chargeoff line item should come off of the credit report in seven years, the credit card company may attempt to collect their debt for as long as they wish (assuming no fair credit collection laws are broken in the process).
What do you do when your application for credit is rejected?
Try for another company.
What happens if one of your credit cards is sold or transferred to another credit card company?
you are still liable to pay what you owe
Can a credit card company collect after 7 years?
no
Credit card company does not have your social Can they still collect?
If they have your address & phone number they will try to collect. They can sue you.
Who is midcoast credit?
They purchase bad credit and attempt to collect and resell the bad debt. One of the founders started another company called Creditmax LLC in West Palm Beach, FL.
What does it mean if a credit card company enters a judgment on you?
It means that you have that on your credit report for 8 years and that they have the right to collect the judgment from you.
Can a credit card company collect from a deceased persons parents?
Not unless they were guarantors of the debt.
Can a credit card company collect on a debt over seven years old?
Yes. Even though the chargeoff line item should come off of the credit report in seven years, the credit card company may attempt to collect their debt for as long as they wish (assuming no fair credit collection laws are broken in the process).
What do you do when your application for credit is rejected?
Try for another company.
How are credit accounts affected when another company buys them out?
When often another company buys a credit card company, they have purchased your account. Most often, it is business as usual, and payments are directed to the new owner of the account.
What happens when you are in a nursing home and can longer pay your credit cards?
You will default on your credit card accounts. Being an unsecured loan, there is little a credit card company can do. That is a risk credit card companies take. Regardless of why you can't pay, non-payment will result in default. The extent to which a credit card company will attempt to collect depends on whether or not they feel you have sufficient income.
What happens if one of your credit cards is sold or transferred to another credit card company?
you are still liable to pay what you owe
What legal actions can a credit card company take to collect a 500 dollar debt?
If this about you, you can be sued.You need to pay the company, or make payment arrangments. This won't go away trust me.
Do you need permission to access a company's credit report?
No. Several credit monitoring companies, including Dun & Bradstreet Credibility Corp., offer products that can give you access to another company's credit information for a fee.
