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Credit Card debt

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Subject: Credit Card debt
Posted on 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?

Joined: 10 Jun 2011
sallynachelle's page
Posts: 1023

6864 Magic Points

Subject: Credit Card debt
Posted on 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.

Joined: 03 Nov 2007
goodnatured's page
Posts: 3931

449 Magic Points

Posted on 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.

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