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Can a credit card company put a lien against your property in Florida?
Wiki User
∙ 12y ago
Take a look at your credit card agreement. There may be a clause that allows them to do that. And they can always get a judgment against you to allow them to place a lien.
Judgment Liens For Creditor DebtCredit cards are unsecured debts, this means no specified collateral has been used to secure the debt.For a creditor to place a lien against a debtor's property due process needs to be followed.
Due process means the creditor's attorney would need to sue the debtor in the state court in the county where the debtor resides. If the plaintiff/creditor wins the case a judgment is entered against the debtor and the judgment can be executed as a lien against real property.
Even in cases where arbitration is allowed in lieu of a lawsuit, the plaintiff/creditor must still follow the judicial process of filing for and executing a judgment in accordance with the laws of the debtor's state.
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Above info not correct in Florida!!!!!!!!
If this is your homestead home it is illegal to place judgment against homestead residence & noncollectable
see Fl Statute
http://www.leg.state.fl.us/statutes/index.cfm?App_mode=Display_Statute&Search_String=&URL=Ch0222/Sec01.HTM
Glen
Wiki User
∙ 12y ago
Wiki User
∙ 12y agoYes. If they sue you for the debt and win a judgment lien.
Yes. If they sue you for the debt and win a judgment lien.
Yes. If they sue you for the debt and win a judgment lien.
Yes. If they sue you for the debt and win a judgment lien.
Wiki User
∙ 12y agoYes. If they sue you for the debt and win a judgment lien.
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