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Expert: Michael Brotherton - 7/30/2007


Question
I am on SSI disability and own a seasonal trailer which I paid $20,000 for a couple of years ago.  I have a outstanding credit card debt of $12,000 which I can't pay.  The credit card company is going to turn the debt over to a collection agency and they are threaten to attach my trailer.  Can they do it?

Answer
Don't be afraid of them. There are limits to what they can do. I will need to know what state you are in before I can give you any real help.

Potentially they can attach a lien on your trailer but they have to file suit and get a judgement then file a judgement lien. There may be an exemption you may file to avoid that but I would need to do some research. If you need further help call 877 270 8204.

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Michael Brotherton

Expertise

Consumer/Debtor Rights Advocate. Mike Brotherton is a negotiator with over 30 years experience in consumer lending and collections. Mike has 30 years in the credit and collections industry as a former loan officer, debt collector and manager of two finance companies over several years. Mike is well versed in Loss Mitigation practices and the legal collection process. He has helped literally thousands of people over many years overcome serious financial problems such as foreclosure, creditor lawsuits and abuse by debt collectors. For more information about resolving your "financial emergency" visit www.financialemergency.com. FinancialEmergency.com is a consumer web site which actively promotes Fair Debt Collection Practices and other consumer protection laws. We teach DEBTOR RIGHTS and enforcement of those rights. The more informed you are of your rights and the credit collections practices of creditors the more peace you can have dealing with your FINANCIAL EMERGENCY. Most financial problems are fairly common and as such have some very common solutions. The key is understanding your rights in the collection process and how to enforce them if need be. Primary business- Debtor Rights Advocacy and Debt Mitigation relating to foreclosure, creditor lawsuits, and other serious financial problems. www.financialemergency.com (copy and paste in browser).

Experience

Over 40 years combined experience negotiating disputes and resolving financial issues related to consumer debt, corporate issues and mortgage modifications.

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