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Question
I received a call the other day from a Collection agency stating that I owe a credit card for one that I don't remember ever getting. Anyway that said that they were goping to take me to count and put a lein on my house. Can they do that since supposedly the credit was unsecured?
Hi Betty:
In most states, they can do that. This is done by taking you to court and getting a civil judgement against you. If your state allows it, liens on real estate can be one of the collection techniques used to collect on the judgement. Others include wage garnishment, attacking bank accounts, and even taking personal property for sale through the sheriff's office. Again, not all these techniques are allowed in all states and there are exemptions but they are possible.
You should avoid getting a judgement against you at all costs. Use delaying tactics, settlement or even bankruptcy if you are worried about these collection actions.
Good luck, I hope this helps.
Regan
IMPROVE CREDIT, DELETE COLLECTIONS - www.ficofighter.com
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Answers by Expert:
Regan Shinski
Expertise
I can answer questions on collections, repossessions, bankruptcy, credit repair, credit counseling, FICO scores, credit planning, and the cause and effect of credit related decisions. I can also answer questions on collection settlements and preparing to sue your creditors for false debts and credit credit reporting.
Experience
Fifteen years ago I was financially devasted due to severe health issues. I filed bankruptcy, had a foreclosure, car repossession, tax lien, and ruined credit. I immersed myself in credit law. I settled dozens of accounts and had them removed to improve my credit. I personally sued four creditors and collection agencies and won cash settlements for their false reporting on my credit reports.
Since then, I have completely recovered and have nearly $100,000 in revolving credit lines and perfect credit. I have owned a credit repair company for the past five years and have an additional three years of specific work in the collections and debt management industry.
I am fully versed in the Fair Debt Collection Practices Acts (FDCPA), Fair Credit Reporting Act (FCRA), and have used them successfully in collection settlements and lawsuits for myself and others. I am also familiar with and abide by the Credit Repair Organizations Act (CROA).
I have deleted or helped delete literally hundreds and hundreds of derogatory items from consumers' credit reports and helped negotiate many settlements with collection agencies and creditors. I have also advised people on bankruptcy at any stage.
In the current credit market, I have successfully advised numerous people on how to obtain credit and how to negotiate for better terms.
Education/Credentials
BA University of Minnesota
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