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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 usually sell defaulted accounts to third party collectors. That agency attempts to collect the debt, by contacting the debtor. If satisfactory terms cannot be made, the collector has the option of procuring a collection attorney to file a lawsuit, and perhaps be granted a judgment. The writ of judgment is then executed against any nonexempt property that belongs to the debtor. Some of the options are, wage garnishment, bank account levy, liquidation of nonexempt assets, liens agains real property. Macky Is a credit card unsecured debt?
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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 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.
How does a credit card collector earn a judgment in their favor?
They go before a judge and explain how the payment for that credit card was not made and what is owed including collection costs. The cost of judgment is then added to the total and that becomes the collectors judgment. That stays on your credit report for a long time so avoid!
Can a credit seize other credit cards?
can a credit card that has won judgment against you seize other credit cards that are in good standing
What happens if there is a judgment against you for credit card debt in Louisiana?
court government
Is a credit card judgment legal if mailed to you?
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 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.
Can credit card companies get a judgment?
yes, and its always against you
Can personal property be levied when a judgment is placed against you for credit card deliquency?
Answer: If your credit card company obtains a judgment against you they may take any property of value that they can find.
Does Tennessee allow credit card garnishment?
A person's wages can not be garnished unless a judgment is obtained in court against that person. People get sued all the time for credit card debt. Once the credit card company gets a judgment, then they can garnish wages.
When a credit card company is awarded a judgment can you include this judgment on a Bankruptcy in CA?
The short answer to this question is YES.
When you die can credit card companies put a judgment on my property?
...you...my...?When I die, your credit card companies have absolutely nothing to do with the situation.When I die my credit card companies will take whatever I owe them.
How does a credit card collector earn a judgment in their favor?
They go before a judge and explain how the payment for that credit card was not made and what is owed including collection costs. The cost of judgment is then added to the total and that becomes the collectors judgment. That stays on your credit report for a long time so avoid!
Can a credit seize other credit cards?
can a credit card that has won judgment against you seize other credit cards that are in good standing
What happens if there is a judgment against you for credit card debt in Louisiana?
court government
Does Virginia allow wage garnishment for credit card debt?
Yes, a judgment creditor can execute the judgment as a wage garnishment.
