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Response to can credit card companies take my house

from Lee (repossession@bigfoot.com)
They can't repossess your house unless they have secured a loan on it and I have not seen credit card terms that "secure" the loan on your house. A creditor can, however, apply for a charge against your assets, including your home, so that you have to pay them off when you sell. I don't know of this happening with credit card companies but I do know of it happening on other unsecured loans.

Even though they do not repossess, they can make your life pretty unpleasant.

Hope this helps. Good luck Lee

(posted 9207 days ago)

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