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The Fair Credit Reporting Act states that a judgment may remain on your credit report for 7 years. Many jurisdictions will also use a date a judgment was paid as the expiration date, even though payment does not necessarily constitute a disposition, called a satisfaction of judgment, which is a separate legal action. After a judgment is granted, the plaintiff may garnish the defendants wages, file an extention of the original judgment to extend the time period it may legally show on a consumer's credit report, or place a lien upon any property owned by the defendant. The latter might prevent sale or refinance of that property.
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When a credit card company sues you for non-payment and you have no assets what can they actually sue for?
They can actually sue you to obtain a judgment against you. Under the state's law in which you are sued, judgments can have dire financial consequences which extend far into the future. These include wage garnishment, bank account seizure, damage to your credit and the possibility of the judgment being renewed. You may be "judgement proof" at this time, but a judgment that can be renewed indefinitely imperils you financially for the rest of your life.
What is an outstanding judgment?
A judgment is a court order giving a creditor or someone who is owed money (such as money that was borrowed from a friend) the legal right to collect the debt in accordance with the laws of the state. The term "outstanding" indicates the judgment has not been paid or settled, but is still valid. A judgment that has been awarded to the judgment plaintiff but has not been paid by the judgment debtor.A judgment that has been awarded to the judgment plaintiff but has not been paid by the judgment debtor.
How long to you have to pay a judgment made against you in pa?
Anytime that you have a judgment on you no matter where you are you have to pay it. There are some instances where you may not have to but it don't matter if you are in PA or LA a judgment is a judgment.
What is the difference between a summary judgment and a default judgment?
Basically, a default judgment is something you did NOT argue about in court by filing answers to the Summons and Complaint, and the Summary Judgment is something you did argue about IN COURT.
Should you sign a Stipulation for Judgment agreement?
That really depends on the terms of the proposed stipulation. Without adequate protection such as a court-ordered repayment plan, having a judgment against you can negatively impact your credit and give the creditor the ability to garnish your wages and take your property. On other other hand, you need to consider what would happen if you didn't sign it and compare the consequences of both actions to see what is best for your situation.
How would you characterize Odysseus judgment?
Odysseus's judgment can be characterized as both cunning and strategic. He is known for his ability to make wise decisions and outsmart his adversaries, but he also has moments of pride and recklessness that can cloud his judgment. Ultimately, his journey in Homer's "The Odyssey" showcases a complex portrayal of his judgment and its consequences.
What is Meaning of irrespective?
Without regard for conditions, circumstances, or consequences; unbiased; independent; impartial; as, an irrespective judgment., Disrespectful.
What is the main theme of Jonathan Swift's The Day of Judgment?
The main theme of Jonathan Swift's "The Day of Judgment" is religious repentance and redemption. The poem explores the idea of judgment day and the consequences of one's actions in life, emphasizing the importance of seeking forgiveness and salvation before facing divine judgment.
Does a DUI deferred judgment in Iowa still on your record?
A DUI deferred judgment in Iowa will show up on your driving record, but it may not be considered a conviction if you successfully complete the terms of the deferred judgment. However, it can still have consequences such as affecting your insurance rates and appearing on background checks.
What are the consequences for refusing to pay the judgment on a breach of contract?
The court can authorize the seizing of assets. The sheriff can confiscate items and sell them. Wages can be garnished as well.
How you find out if you have a default judgment?
You can find out if a default judgment has been entered against you by checking court records, contacting the court where the case was filed, or receiving notification from the court or the other party involved in the case. It is important to address any default judgments promptly to understand the consequences and explore your options for challenging or resolving the judgment.
What is the moral leasson of the story of The judgment of the wind?
The moral lesson of "The Judgment of the Wind" is that actions have consequences and it is important to think before making decisions that can harm others. The story highlights the themes of accountability, regret, and the impact of our choices on ourselves and the people around us.
When do you face consequences?
There is no set time for when a person has to face the consequences of his actions. But rest assured, whether your actions are good or bad, you will face the consequences at some point. It often cannot be determined beforehand whether the consequences will be good or bad; there's always the possibility someone may take an action they feel is good at the time but the outcome is not so good, and vice versa. It is always best to weigh the consequences before you take action and use your best judgment.
What are the moral consequences of sin according to Nathaniel Hawthorne?
Nathaniel Hawthorne explores themes of guilt, redemption, and the consequences of sin in his works. He often shows how sin can lead to isolation, suffering, and a loss of innocence. Hawthorne suggests that moral consequences of sin can manifest as inner turmoil, societal judgment, and a tarnished reputation that can haunt individuals throughout their lives.
How long do I have to respond to a judgment served against me?
The time frame to respond to a judgment served against you typically varies by jurisdiction. Generally, you may have between 20 to 30 days to respond by filing an appeal or motion, but it is essential to check the specific rules and time limits in your local court. It is crucial to act promptly to avoid potential consequences such as a default judgment.
What is an example of a time you demonstrated good judgment?
Although you can use any example from your life experiences, it is better to use a career example, if you have one. Using a career example reminds the interviewer that you have relevant work experience.
In order to make moral judgment reliable one must?
Develop critical thinking skills, consider different perspectives, and be aware of personal biases.
