How long before "legal" action?
Find a Conversation
|Wed, 09-05-2007 - 8:13am|
Does anyone know how long you can miss payments on credit cards before the credit card companies will take legal action?
It look like starting next week my hours at work will be reduced so we will be short even more money each month. If we wait 6 months we would be able to qualify for Chapter 7. If we file now we would have to file Chapter 13. We are only 1-2 payments behind on credit cards (nothing else is late) and I was wondering what the chances were that we could hold out on filing for 6 months. I guess if they started legal action we could move ahead with the Chapter 13 anytime, right?
Any help is appreciated.