How do credit card judgments work?

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How a creditor judgment can be executed depends upon the laws of the debtor's state.
The preferred method is wage garnishment or bank account levy.
In most states it is also possible for the creditor to enforce the judgment to seize and liquidate non exempt property (bonds, stocks, etc.) belonging to the debtor and place a lien against real property.
For homeowner's it is very important that they know what the laws of their state concerning the homestead exemption in order to prevent a forced sale of the residence.
The best option is for the debtor to obtain legal advice or representation as soon as possible. Most attorneys offer free or minimal fee consultations to discuss the individual's personal circumstances.
If the individual cannot afford a private attorney he or she can contact the local branch of legal aid society.
Please be advised, all legal aid agencies have a waiting list and specific requirements for eligibility.
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What is a credit card judgment?

Answer . \nA writ of judgment is issued by a court after a debtor (defendant) has been sued and the plaintiff (creditor) has won the case. Credit card companies usually sel

How do you know if there is a judgment for your credit card debt?

Answer . Generally you cannot have a judgment against you unless the plaintiff has given you proper legal notice of the lawsuit and you havehad an opporunity to defend your

How can you satisfy a credit card judgment?

Answer . Your options are somewhat limited. The judgment is a legal determination that you owe the money. You can (1) simply contact the judgment creditor and/or their at

What are the credit card judgment laws?

Answer . \nThe ways in which a creditor/plaintiff can execute a judgment against the debtor/defendant usually depends upon the laws of the state where the debtor resides. T

What does a judgment mean on an unsecured credit card?

Answer . \nIt means the creditor has won a lawsuit, been awarded a writ of judgment and can execute the judgment against non-exempt assets and property as defined by state

What does a credit card judgment mean?

Answer . \nThe creditor has won a lawsuit judgment against the debtor(s) and can execute the judgment against any nonexempt property belonging to the debtor(s). The prefer

What happens when you get a default judgment on a credit card?

I have a default judgement and it has turned into a civil case. If you werent served properly vacate or set aside judgement. If it is still in theres a web site that will give

What happens if you are unemployed and you return to work with a default judgment for credit card debt unresolved?

The creditor can haul you into court to garnish or attach your wages to satisfy the judgment, unless you earn too little under your state law to garnish. ans Generally s

What can credit card companies get in judgment?

What property can be seized or attached by a judgment creditor depends upon two basic things, the laws of the state in which the judgment debtor resides and the manner in whic

What is exempt from credit card judgments in Florida?

Your home is exempt from a credit card judgment, $1000 worth of your personal property which means items you own solely, your car is exempt up to a $1000 if you have a a car l