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Terry L.
Terry L., Attorney
Category: Bankruptcy Law
Satisfied Customers: 2901
Experience:  Better Business Bureau. 18yrs bankruptcy experience. Chicago Bar Assoc. American Bankruptcy Institute member.
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Hello, I have three major credit cards with a $35K balance.

Resolved Question:

Hello, I have three major credit cards with a $35K balance. I am unable to continue meeting the payment schedule due to increased interest percent charges. What legal action can the companies take? I am a homeowner in the state of Florida and employed.
Submitted: 8 years ago.
Category: Bankruptcy Law
Expert:  Terry L. replied 8 years ago.
They can send you to collections, and then eventually sue you. They can then garnish wages, freeze/seize bank accounts. Perhaps you should consider filing a bankruptcy case.
Customer: replied 8 years ago.
These cards are in my husband's name, they are his cards. Can it affect me as his wife?
Expert:  Terry L. replied 8 years ago.
Unless you are a joint card holder, they cannot come after you.
Terry L. and 2 other Bankruptcy Law Specialists are ready to help you