When a credit card company sues for nonpayment and the assets are in your wife's name also can they take them?

Answer 1

My first question to you is did the creditor take you to court yet? 9 times out of 10 though they might threaten such a case you will never see them in court. It takes more money for them to go through the process of hiring an attorney, and paying those fees then to just put a lien against you. If that creditor puts a lien (most likely it will just become a collection) then you can call the collector that it is sold to and negotiate a settlement. Try to settle for .10 cents on the dollar or 30% of the balance owed. Some creditors will only except 50% as the minimum settlement. Make sure you negotiate, negotiate, negotiate. Good Luck! First, any and all costs, as well as interest will become part of your debt, both by law and by the loan agreement you signed. (One reason, many collection Cos are actually lawyers essentially making their own living.) The idea that the very well experienced and strong financial community is simply unable to enforce and collect debts...and would give away much of anything because you ask...should seem absurd to even the casual reader. (I would note that I believe many of the above posters comments I've seen are simply wrong and ill informed, perhaps stemming from being seen originally in her commercial context postings trying to entice people to use a service that claims to get rid of or reduce debts.....all of which have been identified as scams preying on the vulnerable by most every Consumer group I've ever seen).