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Can a credit card issuer place a lien on your house if you are not paying at their rate in Virginia?
Wiki User
∙ 17y ago
If you mean, not paying at least the minimal amount required by the lending agreement, then yes, a creditor can pursue litigation against the debtor. If awarded a judgment in most cases can use it as a lien against real property that the debtor owns. It is a myth that as long as a debtor makes some type of payment and the lender accepts it that the lender cannot refer the account to collections or file a lawsuit.
Wiki User
∙ 17y ago
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Can you lose your house to credit cards in Virginia?
yes
If you stop paying on your house does it have an effect on your credit cards?
I would think not paying on your credit cards would have the biggest effect on them. I'm sure they would care less if you pay on your house as long as you pay them. If you have to make a choice between the two then pay on your house. Your house is more important to your survival and is secured by your mortgage but your credit card is most likely an unsecured loan.
Can they Take your house if you stop paying credit cards?
sometimes they can sometimes they cant it depends how much you spent
What happens if you are a cosigner on a house that is being foreclosed on?
The foreclosure will affect your credit record. You are fully responsible for paying the loan.
Can they take your house in North Carolina for not paying credit cards?
If your sued and your creditors receive a judgment they can put a lien on your property.
How might one still buy a house with bad credit?
By taking time to pay your debts and improve your credit rating you can make yourself eligible for a good credit rating resulting in mortgage approval. Paying your debts in full will prove you are serious when applying to buy a house
How can one buy a house with bad credit?
If one has bad credit then one can only buy a house if one can convince the mortgage lender that one is able to pay for it. This might need proof that one is paying off any debt and clearing the bad credit record efficiently.
How tall is Virginia House?
Virginia House is 5'.
What is the web address of the Virginia House Museum in Richmond Virginia?
The web address of the Virginia House Museum is: http://www.vahistorical.org/your-visit/virginia-house
If you buy materials to build your home on a credit card can they take your home?
Paying with a credit card, or lending money from the bank and paying cash, or having them send an invoice doesn't matter. Eventually the cost must be payed, and if it isn't the business you owe money can have your house seized and sold so that they get their money back, regardless whether you used a credit card for it or not.
What if you are a co signer on a house that is in foreclosure?
The lender can go after you for any deficiencies and the foreclosure will be reported on your credit record. As a co-signer you are equally responsible for paying the mortgage.
Can you get a credit card if your an athlete?
Your occupation is irrelevant. It's your credit rating and ability to pay back the debt that matters. Nobody is going to give you credit unless you have some means of paying it back -- even if it means losing your house. It doesn't matter if you're an athlete or an astronaut. If you have assets, you can get credit.
