Well, to start with a judgment stays on your credit for a minimum of 10 years until you pay it off.
It could have an impact on your ability to buy a home, a vehicle, get other credit cards, etc.
The creditor can file suit against the debtor and if the creditor is successful and is awarded a judgment the judgment can be executed against all non exempt real and personal property belonging to the judgment debtor.
how long does personal judgement stay on credit in texas
55.6 INR
YES!
Yes it can if the loan company taKES it to court and gets a judgment against you, then by all means they can take your taxes, pay, etc.
how long does personal judgement stay on credit in texas
The creditor can file suit against the debtor and if the creditor is successful and is awarded a judgment the judgment can be executed against all non exempt real and personal property belonging to the judgment debtor.
Go to the clerk of the courts and pay for a record search.
The creditor would need to obtain a lawsuit judgment from the Texas court before wage garnishment would be allowed. Texas only allows garnishment of wages when there are no other means for a judgment creditor to collect a debt owed. If a judgment has already been entered against the debtor in a different state, the judgment creditor can place a "foreign" judgment lien against property owned by the debtor.
55.6 INR
YES!
The creditor will still have to file for a judgment in circuit court before they can take any action against nonexempt property belonging to the debtor. Bank account levy is possible in the state of Texas, wage garnishment is not.
Can a payday loan company garnish my wages or levy my bank account, assuming they are successful in getting a judgment against me.
The plaintiff will in all probability win the lawsuit. The only viable defense against a lawsuit for debt is the ability to prove the debt is not valid. If the plaintiff wins, they will file for a writ of judgment and then execute the writ against the defendant's nonexempt property. Please check the link to access a list of allowable exemptions under Texas statutes.
Yes it can if the loan company taKES it to court and gets a judgment against you, then by all means they can take your taxes, pay, etc.
If they have a valid judgment against you in Oklahoma, absolutely. The Constitution requires states to give "full faith and credit" to the judgments of other states. Your creditor could simply go to a Texas court with a copy of the Oklahoma judgment, and get it enforced.
The 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 preferred method of judgment execution is wage garnishment followed by bank account levy, or seizure and sale of nonexempt property or a lien against real property. North Carolina, South Carolina, Pennsylvania and Texas do not allow wage garnishment for creditor debt. The exception is Texas where the court can grant wage garnishment if the debtor has no other property for which the judgment can be executed against. Married couples living in community property states are both usually responsible for debts incurred during the marriage regardless of which spouse is the account holder or borrower.