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What does a judgment mean on an unsecured credit card?

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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 defined by state law that belongs to the judgment debtor. The preferred method of executing a judgment is by wage garnishment, followed by bank account levy, the seizure and liquidation of non-exempt property and liens against real property. The state exemptions allowed for personal and real property when properly used can give the defendant/debtor considerable protection against the enforcement of a creditor judgment.
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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 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 are the credit card judgment laws?

  Answer     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 debto

Can a Credit Card Collection Agency put a lien or judgment on your credit and if so what does that mean?

If the collection agency works in tandem with a law firm (which is the case most of the time) then the answer is yes. What does this mean? If a judgment is granted by a judge,

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 are unsecured credit cards?

Unsecured Cards . Unsecured credit cards do not imply any deposit before you can start using them. In other words, the bank looks through your credit history and entrusts a

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

Where can you get a unsecured credit card with poor credit?

There are a number of specialist lenders that offer credit cards for people with poor credit, however the risk they take by providing unsecured cards is off-set by lower credi

Can credit card companys take your house if the cards are unsecured?

No, Unsecured is exactly That Unsecured by any collateral. Now the process is that after they write off the debt a collection agency can take you to court and if they win a de