Non payment of credit cards

I am a lawyer in CT and practice in this area of the law.  I do not believe the person you spoke to is correct.  A bank is not allowed to take any property from you unless it has a security interest on it (which is not the case here) or have a judgment against.  If the bank has not gotten a judgment against you it cannot yet take your property.  even if the bank got a judgment against you, your personal vehilce is likely exempt from being levied on to satisfy the debt.  You home however, may be liened for the amount of the debt.  i suggest calling a lawyer to help you negotiate the debt or get on a payment plan.  most banks are lenient these days and will work with you to let you pay off the debt.