Unpaid unsecured loan?

Answers:1   |   LastUpdateAt:2012-11-05 18:00:01  

Question
Kiephier
Asked at 2012-09-26 08:13:03
if I did not pay an unsecured
Answer1David ChaneyAnswered at 2012-11-05 17:58:28
Since you mention pounds, I'm not 100% sure. But in the US (our laws are derived from yours), an unsecured creditor needs to:

1. Sue you.

2. Win the law suit, and

3. Get a judgment against you.

Generally with that judgment the creditor may be able to at least garnish wages or have your bank turn over your money.
Related Questions
1
  • Answer This Question:Unpaid unsecured loan?