Answers
Good Afternoon!
Here is a link to the information about statute of limitations in North Carolina--I hope it helps:
http://www.fair-debt-collection.com/SOL- by-State.html#34
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http://www.DebtCounselingCorp.org
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No. The only one who can make you sell your home to satisfy a debt is your mortgage company. What the credit card company can do is get a judgment against you and ask the judge to attach the house, meaning that if you sell the house or your estate (when you die) tries to sell the house, the credit card judgment will have to be satisfied before the proceeds from teh sale can be accessed.
this person is on disability but doesnt receive enough to pay off credit card debt only enough to pay rent and the bare necessities in life with no extras in life its impossible for the debt to be repaid and survive. does north carolina law allow them to take the vehicle of this person or their ss disabilty check.owns nothing else.individual was able to work pay the bill a the time the debt was made but life has not been kind .
it depends on who financed the car, most dealers willnot tell you what sources they use for their financers and probably the car is not worth what you paid anyway. also what co. it will pass it to for recovery and how far behind you are in payments ;can you work with the co.,.to have it adjusted to your income.most co. do not protect your rights .in what conditions did you attain the car helps you forsee what to do if its going to repo or not.
I have SS disability for my MS and $1,000 is all I receive every month. I recently fell, and had to relocate closer to my kids. So my rent jumped from $199.00 to $550.! I am on the list for subsidised housing but in the meantime I am terribly broke. I have sold all my jewelry and possessions. I can no longer pay my $350. credit card debt. I am 60, can not borrow money from anyone and can not pay my monthly payment. I am forced to stop paying and want to know the ramifications. I know my credit rating will be screwed, but getting vet care for my service dog is more important right now. Finally, my question is....can "they" garnish my disability for non-payment of debt? My total default will be about $9,000 from 5 different CC companies. Thank you so much for your time.
Social Security checks can not be garnished.
If you have no job they can't garnish your wages. You do not own a car or home so they can not put a lien on your property. You don't really have that many items for them to seize, and as long as you don't keep much money in the bank they can't seize that either.
In other works, you are considered "judgment proof" and there really is no way for them to collect if they sue you.
I will give best answer to the most helpful....
Im trying to contact a professional to find out if I am responsible for my wife's personal loans and credit card debt. She ran off to be a party sl.t and I dont even know where she is. Im worried I will have to pay these debts. Even worse, I didnt even know she HAD all these debts!
I agree with Brian. As long as your name is not on any of her credit cards you are safe. Best to check your credit reports, and check her accounts to be certain. Get your name taken off immediately if they are on them.
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