i'm a beginner here so go easy on me. I have alot of credit card debt and i'm not sure what to do. most of my accounts say 'charge-off' on my credit report and they range between $660 to $3200. however there's one that really concerns me. my dad back in 2009 opened a Target Visa in his name and he got me a card on the account as well (i don't remember if the card numbers where the same). He used his card and mine on occasion and i used mine as well. I was making the payments on the card up until about a year ago then stopped do to job loss. We've been getting some calls and whenever they ask for me or my dad i just say 'I'll take a message'. They say they'll call back. my other CC debt i'm not worried about just yet. It's the Target one that concerns me. I am unemployed. I take care of my elderly father. I have a checking account with about $110 in it. my dad has two sources of income; social security and a reverse mortgage. So far we've not gotten any notice of a lawsuit but if we do is my dad's reverse mortgage check garnishable? should i take any action on this Target account now (or on any of my other cc accounts) or should i just let sleeping dogs lie?
I suggest you read "Making Yourself Judgment Proof" in the Flyingifr Method. Dad is permanently Judgment Proof and you are temporarily.
Dad's Social Security is not garnishable, and neither is the Reverse Mortgage, and neither is your unemployment. BUT.... once these funds hit a bank account, only dad's Social Security remains safe.