Typically, unsecured debts include credit card charges and amounts your ... In
some states, the lender must file a lawsuit to foreclose on a house (called judicial
These debts are known as “unsecured” or “non-secured” debts. Credit cards are
a common example of unsecured debt. If you stop paying your unsecured debts,
First of all we need to be clear about what is meant by unsecured debt. Most
loans and debts will fall into one of two categories, secured or unsecured. A
Mar 25, 2010 ... When it comes to debt there are two kinds of debt, secured and unsecured.
Secured debt is a debt that is backed by some form of collateral.
Oct 16, 2013 ... Can My Credit Card Company Sue and Take My Stuff If I Don't Pay? October 16
... Credit card debt, unlike mortgage debt, is unsecured debt.
Feb 24, 2014 ... your credit card company is suing you to try to get a judgment so that they ... First,
understand that credit card debt is a type of unsecured debt, ...
Mar 16, 2012 ... If you owe unsecured debt such as credit card debt, collectors must ... But
threatening to take such actions before they have sued you and won ...
Aug 3, 2013 ... Whether the notice comes in the mail, or is delivered to your doorstep, being told
that you are being sued for a credit card debt can be terrifying.
If it is unsecured, he might offer you a reduced settlement or new payment
arrangement to get you paying again. Big creditors don't sue over small debts.
Sep 5, 2012 ... What happens when you are sued by a debt collector? ... “Most debt collection
law firms file hundreds of lawsuits a day, assuming that 99% of ...... costs in the
courts (at least for this type of unsecured debt) can often include:.