Can unsecured debt take your house 2024?
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40more
Works at the Global Education Initiative, Lives in New York, NY.
Credit card debt, unlike mortgage debt, is unsecured debt. This means your credit card company can't come immediately take your stuff -- including your home or car -- when you don't pay. ... Once an unsecured creditor obtains a judgment, they can then attach your non-exempt property in satisfaction of past-due debts.
2023-05-07 09:37:10
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Amelia Brown
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Credit card debt, unlike mortgage debt, is unsecured debt. This means your credit card company can't come immediately take your stuff -- including your home or car -- when you don't pay. ... Once an unsecured creditor obtains a judgment, they can then attach your non-exempt property in satisfaction of past-due debts.