Can credit card companies file liens on your home or sue for the delinquent amount plus fees and penalties even though a card is an unsecured debt?

Yes. Most credit cards and other revolving accounts are unsecured. A consumer can be sued within the statute of limitations (as established by state law) and in accordance with the card holder agreement.

If a judgment is granted, the creditor may place a lien against any real property, garnish wages and take any other action allowed by law. Any consumer faced with such a threat/possibility needs to research their state's laws. Find out what the statute of limitations is in their state and whether or not their debt can be acted upon in the manner you have described.

Credit Card companies, sell account to third parties. Those are the people that initiate any legal action. Sometimes it is an agency that works with a law firm, sometimes it is group of collection attorneys.

Every state Ehas a set of exemptions (property exempt from creditors action) they can be used in bankruptcy or lawsuits. You can find out what those exemptions are and how they apply in your situation by doing a simple web search ("Name of State" bankruptcy exemptions) EDIT TO ABOVE: Original creditors may themselves take legal action via an external attorney. No.

An unsecured debt is not secured by property. It is unsecured, meaning the creditor takes a risk in whether or not the debtor will pay back the debt. The creditors usually purchase insurance for security of a default by debtors.

EDIT TO ABOVE: The above information is incorrect. With unsecured debt, such as a personal loan or credit card, a lender can place a lien on property to secure repayment if a judgment has been obtained, the laws for that state permit it, and it has been granted by the court. Most people don't know that most credit card companies now have arbitration clauses in your contract with you.

Research arbitration and credit cards on the internet. Two credit cards just got two judgments against a friend of mine, and he paid more than double what the original debt was, because you have to pay for the arbitration, even though you don't get to participate in the hearing. They send you something saying they have been awarded an award against you, and 6 months or less later you get a judgment from the court.

You are not allowed to attend the court hearing, tell your side or anything. This is the biggest rippoff in the world and 90 percent of people with credit cards probably don't know they have an arbitration agreement, because it comes as a bill stuffer, that most people don't read. I cut up all my credit cards when this happened to a friend of mine, and is is going to get worse since Bush signed the new backruptcy bill today.

Do yourself a favor and read up on it before your house is auctioned off on the court house steps. Not any more. The Supreme Court made it harder for these cases to go to arbitrations.

http://www.consumeraffairs.com/news04/2009/03/scotus_arbitration.html.

I cant really gove you an answer,but what I can give you is a way to a solution, that is you have to find the anglde that you relate to or peaks your interest. A good paper is one that people get drawn into because it reaches them ln some way.As for me WW11 to me, I think of the holocaust and the effect it had on the survivors, their families and those who stood by and did nothing until it was too late.