Wiggins, MS asked in Consumer Law and Collections for Mississippi

Q: If someone is in default on credit cards, what recourse do the creditors have? Unemployed individual owns home no mortg

Can the Credit Card companies sell the home even though the individual is unemployed? Can they seize bank accounts or investment acct even though the individual is unemployed etc?

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1 Lawyer Answer

A: They can sue you and reduce their claim to judgment which can result in a judgment lien.

I am not admitted in Mississippi, but here in Florida it would not affect your owning your house free and clear because of our constitutional homestead protection; however, I cannot quote you the Miss. result. Go see a good property or bankruptcy lawyer for a reading on that.

Good Luck


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