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Can collection agencies 4 credit card debt put a lien on my home

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neeeceee1 Joined: 23 Apr 2011 Posts: 1 1.39 Dollars($)	Posted: Sat Apr 23, 2011 8:13 am    Post subject: Can collection agencies 4 credit card debt put a lien on my Like 0 Dislike 0 I live in GA. I was laid off from a good paying job 8 years ago.. I used my savings trying to keep my debt paid during the months I was without a job. When my savings ran out I tried to make payment arrangements with the creditors but they all wanted more than I could pay so I just sent them what I could afford each month. When I did find a new job, it paid considerably less than my prior job and I now live from paycheck to paycheck. I continued to make the same monthly payments ($50 - $75 per month) and all have gone into collections. Note that my highest original single debt was $2200 so I have paid far more than that as I have been paying monthly for about 6 years. I am now trying to prepare for my retirement iwithin the next 4 years and want to stop these payments. Can the collection companies put a lien on my home?
adonis Joined: 22 Oct 2005 Posts: 10562 Location: ALASKA 1089.18 Dollars($)	Posted: Sun Apr 24, 2011 10:53 pm    Post subject: Like 0 Dislike 0 Hi neeeceee, If the collection companies can get a judgment against you from the court, then they will be able to place a lien on your property. I will suggest you to contact the collection agencies and apply for settlement. This will help you in reducing your balance amount by 40-60% and it will make it easier to pay off the debts and get rid of it. _________________ Procrastination is the enemy of your financial success

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