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In theory yes, a home in some cases can be sold to pay debts, even unsecured ones such as credit cards. This rarely happens, in the majority of cases the homestead exemption will protect a house from creditors. Some states have such as Florida have unlimited homestead exemption others have laws which directly forbid a forced sale of the primary residence. Creditors prefer easier methods, such as wage garnisment or a bank account levy.... Macky (macky83@juno.com)
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Can you lose your house if you can't pay your credit cards?
Are you kidding me?! Yes you can. Just try to look for someone who could give you a loan.
Are you better off having no credit cards or having multiple credit cards with no balance?
Its best to have only a few credit cards to no credit cards. Say you have 4 credit cards with a 500 limit on each and a zero balance, There is the potential for you to charge 2000.00 whenever you want. When you have so much available credit, Lenders are scared to loan to you, Therefore hurting your credit. Best bet: If you dnt use 'em, Lose 'em.
What are the benefits of using Citi Credit Cards?
The benefits of using Citi Credit cards are plenty. They offer cash back on all purchases, coverages if you lose your card and someone else tries to use it, and great customer service 24/7.
If there is no assets who's responsible for credit card debt?
If a person dies and owes money on credit cards, the person who issued the credit cards loses. The merchant still gets his money. (The credit card companies make money by charging merchants a small fee on each transaction. They make interest. They lose money on deadbeats and deaths.)
Is it illegal to not pay your mortgage?
No its not illegal but you will default if you don't pay and that means you'll lose your house and get bad credit.
Can you lose your house to credit cards in Virginia?
yes
Can you lose your house if you can't pay your credit cards?
Are you kidding me?! Yes you can. Just try to look for someone who could give you a loan.
Is it legal to buy drinks on credit?
Yes. Credit cards count on you charging alcohol on your credit cards. The more you lose your judgment, the more you will get into debt and take longer to pay.
Are you better off having no credit cards or having multiple credit cards with no balance?
Its best to have only a few credit cards to no credit cards. Say you have 4 credit cards with a 500 limit on each and a zero balance, There is the potential for you to charge 2000.00 whenever you want. When you have so much available credit, Lenders are scared to loan to you, Therefore hurting your credit. Best bet: If you dnt use 'em, Lose 'em.
A list on what not to bring at warped tour?
-Chains -professional camera -recording devices -credit cards -a purse(if you are a girl) -wallet(stick money in your pocket or bra) -mp3 player -anything you dont want to lose or break and dont wear flip flops!!!
Can you lose your house if you cant pay unsecured loans or credit card debt?
no
Im paranoid about my credit cards and saw water going through the drain and thought it meant I was going to lose everything and it was a sign?
Water going down the drain is such an daily occurrence it is unlikely that it's a sign about your credit cards.
Can you lose your house for nonpayment on a credit card debit of if your house is paid off?
Not directly. They could sue for your assets, which would include your house though.
What are the benefits of using Citi Credit Cards?
The benefits of using Citi Credit cards are plenty. They offer cash back on all purchases, coverages if you lose your card and someone else tries to use it, and great customer service 24/7.
If there is no assets who's responsible for credit card debt?
If a person dies and owes money on credit cards, the person who issued the credit cards loses. The merchant still gets his money. (The credit card companies make money by charging merchants a small fee on each transaction. They make interest. They lose money on deadbeats and deaths.)
Staying Safe with Credit Cards and Travel?
Any time that you go on a business trip you may tend to pack along every credit card that you would normally keep in your wallet. This is really not a good idea because of the fact that if you were to lose your wallet, you would lose all of your credit cards. It is a better idea to only take along two cards at the most. Take only the ones that you normally use and leave the rest behind. In most cases, you will only use one or two cards during a trip. Therefore, there is no need to take them all anyway.
Can I lose my house in Wisconsin because I have bad credit?
As long as you were given a mortgage and are keeping up the payments, you are not likely to lose it. However, if you fail to make payments on time, bad credit is likely to increase the chances of foreclosure.
