The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: bozwood who wrote (2388)	4/18/2002 2:31:34 PM
From: Tradelite	Read Replies (1) of 306849

<<What I mean is that if a person does not pay credit card debt, the creditor has no recourse other than damaging a person's credit report>> You might want to go to www.dol.gov and familiarize yourself with the federal wage garnishment law. It has some clout in the situation you describe, and provides protection against some, but not all, the consequences of default. dol.gov You might also want to familiarize yourself with the many consequences of a damaged credit report......if applying for rental on an apartment, a home loan, a car loan, cell phone service, home telephone service, and any other type of monthly-billed service.

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