i live in california i had my car voluntarily repo'd in nov08. we are current on 5 cc's totaling about 33,000. but that could all change this month. with my hours at work cut back last year and my wifes paycheck stopping in june we have used our cc to supplement our income. i thought it would get better..
my question is that if we start getting to far behind in our CC bills and they decide to sue us and win a judgement will they go after my home which is our only residance and is about 30,000 upside down. my payments are current and dont see this changing.
I am afraid because i dont want to file BK (not even sure if this will help.) i do owe the money. we did use our cc to help our income which was a mistake. I made wrong decisions while things were good and now i see they were wrong. any advice is appreciated.
my question is that if we start getting to far behind in our CC bills and they decide to sue us and win a judgement will they go after my home which is our only residance and is about 30,000 upside down. my payments are current and dont see this changing.
I am afraid because i dont want to file BK (not even sure if this will help.) i do owe the money. we did use our cc to help our income which was a mistake. I made wrong decisions while things were good and now i see they were wrong. any advice is appreciated.
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