I am being sued by Citicorp
Date: Mon, 01/09/2006 - 13:39
I am being sued by Citicorp for a credit card balance which I cannot pay. I am not working but I do own my house. I am in a debt reduction program and I have been faithfully putting money in the account there. They have succeeded in settling one of my credit card debts already but I have 7 more to go.
Citicorp cannot garnish my wages since I don't have a job but can they take my house, my car and/or garnish my husband's wages? He is not a party to any of these debts since the credit cards were all in my name only. He is not even a co-signer.
What can Citicorp do other than deal with the debt reduction company? I am hoping they will be able to help me out of this predicament. But if Citicorp will not deal with them then can they take my property away? Thank you for any info.
Citicorp cannot garnish my wages since I don't have a job but can they take my house, my car and/or garnish my husband's wages? He is not a party to any of these debts since the credit cards were all in my name only. He is not even a co-signer.
What can Citicorp do other than deal with the debt reduction company? I am hoping they will be able to help me out of this predicament. But if Citicorp will not deal with them then can they take my property away? Thank you for any info.
Citibank can take legal actions against you but since you have u
Citibank can take legal actions against you but since you have unsecured debts with them, they can't take your property.
They can force you into legal actions by taking the matter to the court. The court will decide how to pay them back. If you fail to make the payments even after the court orders have been served, legal actions against you can be more severe. At that point, you will be at the risk of losing your property.
Talk to your debt reduction company and try to set a lower amount with your lender. Look for a second job so that you can pay the borrowed money. It will be better if you can borrow money from your relatives and pay the whole sum.
