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can credit card companies take my house

from Howard Coakley (howard.coakley@bigfoot.com)
I have very large credit card debts and two loans - all unsecured.

I am unable to pay them and soon will have to write to all companies to ask them to accept a nominal amount an (hopefully), suspend adding interest.

Can they get awkward enough to force me to sell my (mortgaged) house? The equity is approx 15% but that will hardly touch what I owe.

I really want to keep my house if possible as my 3-year old son stays with me 1 week out of 4.

(posted 9207 days ago)

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