If you don't pay your credit card debt, the company could sue you and file a judgment against you until the debt is paid off. With a judgment, in most states, the company can garnishee your wages and seize your personal property. They can also place a lien on your house. Most of the time, they can't foreclose on your home, but you will not be able to sell or refinance the house until the judgment and interest are paid off. We would like your feedback on this Personal Finance Frequently Asked Question.

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