Legal Question in Credit and Debt Law in Tennessee

what happens if i default on a personal unsecured loan from a company?


Asked on 7/21/10, 9:43 am

1 Answer from Attorneys
Howard R. Peppel Peppel, Gomes & MacIntosh, P.C.

You can be sued and if the creditor is successful, they can then have a garnishment issue upon your salary or any other source where someone/something owes you money, or have a levy issue where property of yours is taken and sold. Also, if you have any real estate in Tennessee, a judgment lien can then be filed against the property.

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Answered on 7/21/10, 1:03 pm


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