Bankruptcy can get rid of unsecured debts. If you have been sued or have been threatened with a lawsuit, you’re at risk of losing cash or property. If the majority of your debt is unsecured and you have little chance of paying it off, you might consider bankruptcy, which can get rid of most, if not all, of your unsecured debt. Before a credit card company can seize your property, they’ll have to sue you and obtained a judgment. Even then, it will only be your non-exempt assets that are subject to seizure. At National Bankruptcy Forum, we have attorney members in every state ready to hear your case. I have a rather large outstanding balance on several credit cards, and at this point there is now way I can make the monthly payment consistently. If I don’t pay the Finding the right unsecured credit card, After you click on an offer you will be directed to the credit card issuer’s web site where you can review the terms and Yes, they can. For a credit card company to actually SUE someone is pretty serious. If you’re talking about collecting on a debt owed, they can certainly get a judgement again … st you. If they win a judgement against you, they can collect the debt when you become employed or even have your salary garnished. What you can do if your credit card debt is out of control and collection agencies are threatening to sue. .
What Is an Unsecured Credit Card and How Can You Get One? When people use the term credit card, what they are really referring to is an unsecured credit card. A secured visa credit card can actually help you rebuild credit, An unsecured credit card, Unsecured Cards vs. Secured Cards: Before bankruptcy, can a credit card sue you for nonpayment if the credit is unsecured? Compare unsecured credit cards for Unsecured credit cards for bad credit do not Does it ever make sense to get an unsecured credit card if you .