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A friend is in deep doo doo and just got a notice in the mail of a lien being filed due to her credit card debt. The problem is she doesn't know what the lien really is and frankly either do I. She doesn't own any property, the book value of her car is less than what she owes on the cards(Car is probably less than 2k) so it's not on her car either I assume.
What exactly does a lien for CC debt do? They're not the IRS so they can't garnish wages. Is this just something they have to do before they take you to court or is there a better reason why someone would do that?
What exactly does a lien for CC debt do? They're not the IRS so they can't garnish wages. Is this just something they have to do before they take you to court or is there a better reason why someone would do that?