What should you do if you simply don’t have the money to rescue the account from charge-off, or if the account has already been charged off by the creditor?
By John Hurley You may be wondering “can a creditor sue me for unsecured debt?” The answer to that question is a resounding “yes.” Unfortunately, credit card companies and other debt holders can come back years later and try to get the money from you – plus compounded interest. Creditors are more likely to sue [...]
It is not a permanent solution to foreclosure, but it has many advantages. You get to stay in your home, saving up your money the whole time your loan is in dispute.