0
Can liens be placed on your home if you cannot pay off your credit card debt and can you lose your home if you do not pay this debt?
Wiki User
∙ 8y ago
Yes, a lien can be placed against real estate for unpaid debt. Generally, this results in no loss of the real estate, rather impedes the title by having additional liens which need to be cleared by payment prior to sale or transfer by some other means (like a will). Consult a real estate attorney for more specific information.
I would add that it would be a good idea for homeowners to check how their property is titled. And also to be informed of the laws of the resident state concerning such matters. For example, a state which recognizes "tenancy by the entirety" is quite different in real property, than a commnity property state.
Wiki User
∙ 8y ago
Add your answer:
Earn +20 pts
What happens if you never paying credit card debt?
You are likely to have your wages garnished. Your credit cards will be cancelled and liens may be placed on property.
Can Liens by credit card companies be placed on jointly owned property?
Yes. My husband had credit card debt from before we got married and purchased out house. It turned into a judgment lien and not it's attached to the house we bought together even though the house is in both our names and I had nothing to do with the credit card.
What can a credit card company do if they take you to court but you are disabled and still can't pay?
If you are getting disability or social security, credit card companies cannot garnish your wages. However, the judge can issue liens against your property.
What are the requirements of applying for a credit card?
There are many requirements to applying for a credit card. The biggest requirement is having a good credit score. Without a good credit score, one cannot get a credit card.
Can liens be placed on property in North Carolina for non-payment of credit card debt?
Yes, in most cases a lien can be placed against real property belonging to the debtor. If the person is married and it is not a joint debt the property would be exempt from any attempt at forced sale. The N.C. homestead exemption is $10,000.
What happens if you never paying credit card debt?
You are likely to have your wages garnished. Your credit cards will be cancelled and liens may be placed on property.
Can Liens by credit card companies be placed on jointly owned property?
Yes. My husband had credit card debt from before we got married and purchased out house. It turned into a judgment lien and not it's attached to the house we bought together even though the house is in both our names and I had nothing to do with the credit card.
What can a credit card company do if they take you to court but you are disabled and still can't pay?
If you are getting disability or social security, credit card companies cannot garnish your wages. However, the judge can issue liens against your property.
Can a lien be put on property you're renting to pay credit card debt?
No. Liens may be placed on property owned, but must be done by via legal judgment.
Can credit card companies put liens on houses in pennsylvania?
Credit cards are unsecured debt. If use your home to back up the Credit line. Yes they can.
How do you reactivate an expired credit card?
You cannot. The card will need to be replaced.
What are the requirements of applying for a credit card?
There are many requirements to applying for a credit card. The biggest requirement is having a good credit score. Without a good credit score, one cannot get a credit card.
Can liens be placed on property in North Carolina for non-payment of credit card debt?
Yes, in most cases a lien can be placed against real property belonging to the debtor. If the person is married and it is not a joint debt the property would be exempt from any attempt at forced sale. The N.C. homestead exemption is $10,000.
Can a credit card company suzuki reposses a motorcycle if the title has no liens?
If you bought the bike on credit and miss the payments, they can and will repossess the bike and sell it at auction. Just like a car.
Can someone pay you by transferring funds from their credit card to yours?
They cannot transfer funds from their credit card but they could make a check or cash payment to your credit card.
What is a medical credit card used for?
A medical credit card is used like a credit card. If a person cannot afford to pay for a procedure directly out of pocket, they can use a special medical credit card to help pay for the procedure.
Where can I purchase home depot credit card online?
You cannot purchase home depot credit card online but you can purchase a home depot gift card online or in the store. To get a credit card you have to apply for it
