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What are the credit card judgment laws?

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The 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. The preferred action is wage garnishment or bank account levy, a lien against real property is also possible as well as the seizure and liquidation of other non-exempt asets belonging to the debtor. All states have a set of exemptions a debtor may use to protect real and personal property from creditor attachment, one of the most important is the homestead exemption. It would be advisable to consult with an attorney or the local legal aid society, most attorneys offer free or minimal fee consultations.
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What is a credit card judgment?

  Answer     A 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

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 def

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

What does a judgment mean on an unsecured credit card?

  Answer     It 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 defin

What does a credit card judgment mean?

  Answer     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)

How do credit card judgments work?

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 p

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 wil

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 i

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

Credit card laws in Pennsylvania?

Credit Card debt is considered an Open Line of Credit. The Statute of Limitations for collection in Pennsylvania is 4 years. That is usually from the last use or payment.

What is the law for credit card debt?

In the US there are several laws governing credit card debt. Some of the more interesting include that it is unsecured debt so that it may be discharged in bankruptcy, that y