Posted on November 29, 2010.
What are the consequences of default on an unsecured line of credit business that I personally guaranteeda CLL and I are both in New Jersey. I know a decision was finally put on my credit, but what does that allow the bank / creditor to "do" for me personallya
Take possession or put a lien on everything you have until the debt is paid off, they can even garnish your wages. Plus you will not be eligible to receive any new credit until the trial is taking your credit file.