Legal Question in Credit and Debt Law in California
Credit Card
I can't afford to make my minimum payment on my CC, would I lose my house if i dont want to file bankruptcy?
Asked on 6/09/09, 2:47 pm
1 Answer from Attorneys
Michael Stone
Law Offices of Michael B. Stone Toll Free 1-855-USE-MIKE
Re: Credit Card
No. You will get lots of dunning letters and phone calls and eventually a lawsuit, but they can't force the sale of your home, especially if you record a Declaration of Homestead. If the lender on the mortgage is the same as the credit card lender, or if the credit card draws from a home equity line of credit, this would change my answer, read the contracts.
Answered on 6/09/09, 2:56 pm
Related Questions & Answers
Looking for something else?
10,200 active attorneys ready to answer your legal questions today.
Featured Attorneys
Earn additional revenue and grow your business.
