Credit Tips: Seize my Home for NonPayment of Credit Cards.

Posted On: October 1, 2005

Author: vaughn
Posted: Thu Aug 21, 2003 9:55 pm
Post subject: Seize my Home for NonPayment of Credit Cards.

First North Amercian National Bank, is trying to seize my home for non-payment of a $3098 credit card acct. I’ve not received any statements, have a good record of payment with this company and all my other debts are in good standing. I informed them of my new address.

It is my understanding that lack of receipt of payments is no excuse for non-payment, and is my fault for not paying.

What recourse do I have? I’m having great difficulty even contacting anyone of authority within the company. Any clues where to start?

Author: Sweetened
Posted: Fri Aug 22, 2003 3:24 pm
Post subject: Seize my Home for NonPayment of Credit Cards.

First of all, they can’t take your home. A credit card is an unsecured loan.

How many months without getting a statement did you wait before trying to fix the problem? It sounds like a long time (to me) if the company is using the “we’re going to take your home” tactic.

Call them and set up a payment arrangement.

When you get soemone on the phone,ask to talk to their manager…Threaten bankruptcy.Tell them you’ve secured a lawyer. They always listen when someone says that.