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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?
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.
What else can I help you with?
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.
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 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.
Can a merchant charge a cancelled credit card for a transaction?
No, a merchant cannot charge a cancelled credit card for a transaction. Once a credit card is cancelled, it cannot be used for any further transactions.
Can you wire money directly to a credit card?
No, you cannot wire money directly to a credit card.
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.
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 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.
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.
Can a merchant charge a cancelled credit card for a transaction?
No, a merchant cannot charge a cancelled credit card for a transaction. Once a credit card is cancelled, it cannot be used for any further transactions.
Can you wire money directly to a credit card?
No, you cannot wire money directly to a credit card.
Can you make returns on a credit card?
No, you cannot make returns on a credit card. When you return an item purchased with a credit card, the refund is typically issued back to the same card or as a store credit.
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.
