in financial difficulty,can c/card comps take my property?
Question:
Answers:
However, as above this is correct, but paying a creditor as little as £1 shows a willingness to pay and goes in your favour, always try to talk to them, get them to stop interest and work out a repayment plan.
Other Answers:
No, Credit cards are unsecured debt. A debt that is not tied to any item of property. A creditor doesn't have the right to grab property to satisfy the debt if you default. The creditor's only remedy is to sue you and get a judgment.
No, credit card companies cannot take your property. I assume you are meaning your house.
However, if they sue you and secure a judgment, they may attempt to enforce that judgment by placing a lien on your home as one of many ways to do this.
The best way to do this if you are having these kinds of problems is to meet with a Credit Counselling agency and discuss your options regarding this situation.
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