Could someone be kind enough to explain the court procedure for people who are having difficulty paying back credit cards and personal loans.
What court are such cases held in and is it open to the public? Does the bank ask the judge to place a judgment on the home of the person who has defaulted due to unemployment etc. Are Judges lenient on borrowers who are paying as much as the possibly can.
Apologies for all the questions - just looking to get a handle on how this situation is handled.
Many thanks.
What court are such cases held in and is it open to the public? Does the bank ask the judge to place a judgment on the home of the person who has defaulted due to unemployment etc. Are Judges lenient on borrowers who are paying as much as the possibly can.
Apologies for all the questions - just looking to get a handle on how this situation is handled.
Many thanks.