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
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.
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.
When you default on a secured debt, the lender reclaims its collateral,
repossessing ... Unsecured creditors don't have this option, so they use other
means ... ... If you did not receive notice that the creditor was suing you, you have
Unpaid, unsecured debts such as credit card balances, medical bills, and ...
Never take the prospect of getting sued lightly - the consequences are too severe
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.
Jul 9, 2011 ... Understanding Unsecured Debts & Bankruptcy ... cannot garnish your wages or
your bank accounts unless they sue you in court and obtain a ...