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Answered 2007-01-31 20:00:58

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.

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Can you lose your house to credit cards in Virginia?


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