Credit Card debt

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VB
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Subject: Credit Card debt

Tue Oct 04, 2011 1:49 am

My mother is elderly and the only thing she possesses is an automobile that my father purchased prior to his death. She draws a meagar SS income and she had several credit cards that she could no longer pay. She recieved a letter brought to her in person which practically scared her to death. He simply asked her name and said I have a letter for you. My question is I know they cannot garnish her social security but is there any thing else they may do. Place a lein on her vehicle maybe?
Thanks

sallynachelle

Joined: 10 Jun 2011
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Posts: 216

1451 Magic Points

Subject: Credit Card debt

Fri Oct 07, 2011 7:02 am

Welcome to the forums!!!
You are right…SS income is exempted from garnishment. The creditors can file a lawsuit against your mother if she is unable to pay-off the debt. Once the court issues a judgment against your mother, then they can place a lien on her vehicle. Your mother can contact with her creditors and negotiate with them. She may try to arrange a better repayment plan with them.

goodnatured

Joined: 03 Nov 2007
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Posts: 3927

59 Magic Points

Thu Oct 27, 2011 3:16 am

I believe that some of the time that it is the credit card companies faults, there was a time where they would give people a credit card regardless of their income.
Kind of what the mortgage lenders did. So then the person don't have the income to pay it they are nagged by collectors.

Discount OEM Software
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Subject: aZXCiisyOENPkAI

Thu Mar 08, 2012 10:02 am

risoIT Thanks a lot for the post. Great.

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