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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 these forms for free. If you cant pay the creditor or they are not working with you. You can file to pay the court installments (be careful this is just like a ticket) again if small claims you can get this form off the internet. If civil you can still set aside judgement if not served properly however you have to find civil forms for this or file a motion to set aside judgement with a paralegal cost me $200.00 also file a motion too pay the court installments another $200.00. if it goes to civil they can take rental payments, levy your bank account, take your cars, taxes, garnish wages any assets coming to you and if you have enough equity if you own a house force you too sell it worse case senerio. if you are low income start with legal aid they can help alot.
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Credit card debt default and asset seizure?
A company can seize assets doe to credit card default if they obtain a judgment through the court. You will be notified of the court date.
What happens if there is a judgment against you for credit card debt in Louisiana?
court government
What happens if i default into pay my credit card bill?
This could damage your credit score. It will be harder for you to get credit cards or loans in the future.
What happens if unsecured credit card debt is not paid?
It goes on the credit reports as a delinquencyAnswer:If you don't pay your credit card debt then to your creditor may take you to civil court and can get a judgment to hold your property. There are other penalty as well if you dont pay your credit card debt.
What do you do next after being served with lawsuit papers from credit card company?
If you are served with lawsuit papers from a credit card company, contact an attorney immediately. If you wait, your time to answer the petition will expire and depending on the state you live in, that credit card company can obtain a default judgment to garnish your wages or your checking/savings accounts.
Credit card debt default and asset seizure?
A company can seize assets doe to credit card default if they obtain a judgment through the court. You will be notified of the court date.
What happens if there is a judgment against you for credit card debt in Louisiana?
court government
What happens if i default into pay my credit card bill?
This could damage your credit score. It will be harder for you to get credit cards or loans in the future.
What happens when you are in a nursing home and can longer pay your credit cards?
You will default on your credit card accounts. Being an unsecured loan, there is little a credit card company can do. That is a risk credit card companies take. Regardless of why you can't pay, non-payment will result in default. The extent to which a credit card company will attempt to collect depends on whether or not they feel you have sufficient income.
What happens when you get a default judgement on a credit card?
That depends. A default judgment occurs when one party, after receiving notice and summons in a suit, fails to file an appearance and response before the court. If you got a default judgment against the credit card company, congratulations on your incredible victory - that doesn't happen often. Its exceedingly rare for a credit card company to make such a mistake. What you probably meant though was that a credit card company got a default judgment against you. Bad luck my friend, you should have showed up. By not participating in the judicial process, you have significantly limited your options. You could attempt an appeal, but because you didn't show up, the facts are assumed to be exactly as the credit card company stated them, so your grounds for appeal are practically non-existent. Really the only time default judgments get overturned in most cases is when one side failed to properly serve the defendant, which I assume is not the case here. You could try bargaining with the credit card company to reduce your debt, but the credit card company isn't going to be as willing to bargain now that they have a judgment against you. Why? Because now that they have a judgment, if you fail to pay, they can go to court and get an order enforcing the judgment against you. This kind of order typically allows them to have a law enforcement officer collect your property and sell it off to pay your debt (exactly how this works varies from state to state). Because of the default judgment, the credit card company also enjoys priority in any bankruptcy you might have, so they have very little incentive to negotiate with you over the amount of your debt. Speaking of which, if you can't pay, your best option now is probably to go to a lawyer and discuss your bankruptcy options. Whatever you choose to do, do it sooner rather than later. Putting off dealing with this type of issue puts people in hot water FAST.
Is a credit card judgment legal if mailed to you?
No
What happens if unsecured credit card debt is not paid?
It goes on the credit reports as a delinquencyAnswer:If you don't pay your credit card debt then to your creditor may take you to civil court and can get a judgment to hold your property. There are other penalty as well if you dont pay your credit card debt.
What do you do next after being served with lawsuit papers from credit card company?
If you are served with lawsuit papers from a credit card company, contact an attorney immediately. If you wait, your time to answer the petition will expire and depending on the state you live in, that credit card company can obtain a default judgment to garnish your wages or your checking/savings accounts.
If you default on credit card payments can they take your car?
no
Can a creditor go after a corporation to satisfy a credit card judgment?
Only if the credit card is assigned to the business as a company card.
What happens when a credit card debt goes to litigation?
A credit card debt will be granted a judgment possibly and then the company can pursue you to collect the debt. A garnishment could even be awarded, although this is rare on unsecured debt.
What does it mean if a credit card company enters a judgment on you?
It means that you have that on your credit report for 8 years and that they have the right to collect the judgment from you.
