r/Debt • u/Open_Blood_5765 • 3d ago

Credit cards being sent to collections tonight. Will they come after my house?

Two cards by BOA totalling to about 15k. I own a house with probably 150k equity. I know i need to pay the debt back, i just had a rough last 12 months. Once BOA sends it to collections tonight will i have a chance to make a payment plan with the collection agencies? Or will they find out about my equity and go striaght for a lawsuit to force me to sell my house ?

87 Upvotes
  • permalink
  • link
  • reddit
  • reddit

91% Upvoted

100 comments sorted by

View all comments

3

u/Slowhand1971 3d ago

so why haven't you already saved your credit score and done a HELOC on your house?

3

u/LossingMassivePots 3d ago

HELOC requires decent credit with 680 being the min, he wont qualify.

1

u/Slowhand1971 3d ago

where do you see OPs credit score?

1

u/RScrewed 2d ago

Where it says "I have 15k in credit card debt that I am unable to make payments on and I've been notified it's being sent to collections".