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Can a creditor go after a corporation to satisfy a credit card judgment?

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Answered 2006-09-06 16:05:40

Only if the credit card is assigned to the business as a company card.

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What is an outstanding judgment on a credit report?

An outstanding judgment is a court order that gives a creditor the legal right to collect from a debtor. As court judgments are a matter of public record, a creditor can report the judgment on the debtor's credit reports. An example of a judgment placed on a credit report would be a judgment for eviction. This judgment will remain on the credit report for seven years from the filing date.

How to get out of a judgment?

Judgments are essentially lawsuits filed by a creditor that you owe money to. You generally can't get out of a judgment unless you go to court to fight it. You generally will have to pay a judgment willfully or by force to satisfy it. It will also show up on your credit report unless you dispute it to the credit bureaus. The credit bureaus have 30 days to verify it or it will be removed from your credit report.

Can credit card debt put a lien on your taxes?

Yes, if the creditor obtains a judgment lien in court.Yes, if the creditor obtains a judgment lien in court.Yes, if the creditor obtains a judgment lien in court.Yes, if the creditor obtains a judgment lien in court.

How can you satisfy a credit card judgment?

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 their attorney and tender payment of the judgment; (2) negotiate a payment plan or reduced settlement; or (3) file for bankruptcy.

How can you remove judgments from your credit report?

The credit bureaus and the original creditor that filed the judgment are the only ones that can remove it. You can contact the original creditor and try to negotiate removal of the judgment upon payment. You can also dispute the judgment to the credit bureaus and they have 30 days to verify the judgment or it must be removed from your credit report.

How do you pay off a court judgment from a credit card company - pay the court or the lawyer for the creditor or the creditor directly?

You pay the organization/creditor to whom the judgment was granted.

If your debt with a judgment against you has been sold can the judgment still be on your credit report from the original creditor effecting your credit report twice?

No, it's the same account and the new creditor is simply taking over the same rights as the original creditor.

Does Virginia allow wage garnishment for credit card debt?

Yes, a judgment creditor can execute the judgment as a wage garnishment.

Can credit cards garnish your paycheck in Iowa?

Yes. A creditor can sue for a debt and if they get a judgment they can use the judgment to garnish the debtor's wages.

Can a judgment creditor levy funds on a prepaid credit card?

Yes, in some cases a judgment creditor may levy funds on a prepaid card. This depends on which state you live in but most states do allow this.

If a credit card company gets a judgment against you can they take your drivers license?

No. The judgment creditor might take your car and sell it to pay part of the judgment, but your license has no intrinsic value for sale. In addition, the judgment creditor is not permitted to seize your license or ask the state to seize it until you pay the judgment.

What will happen if you do not show up for court when being sued by collection agency or credit card company in the state of Texas?

The creditor plaintiff will most likely be awarded a default judgment. The judgment creditor can then enforce the judgment under the conditions of the laws of the state.

What can the credit card companies do if you refuse to pay a debt in Texas?

The creditor can file suit against the debtor and if the creditor is successful and is awarded a judgment the judgment can be executed against all non exempt real and personal property belonging to the judgment debtor.

What is the difference between a judgment and a lien on your credit report?

A judgment on your credit report conveys the decision of a court concerning a lawsuit. Amounts owed to the creditor are described in the judgment. A lien on a credit report expresses the legal right of one party to keep possession of property belonging to another party.

Will a credit card debt judgment in Canada be imposed in the US?

No, the differences in laws governing the execution of a creditor judgment does not allow for the enforcement of such in countries other than that which the judgment was entered.

Can a credit card company put a lien against you?

A lien cannot be placed against an individual in reality. However, a judgment creditor such as a credit card company can place a lien against real property owned by a judgment debtor. The judgment creditor can take other steps as well to collect the debt, an example would be income garnishment.

Can a credit card company freeze your bank account?

A credit card company cannot freeze your bank account. However, it can sue you in court for any overdue balance. If the credit card company is successful, the court will issue a judgment lien that the creditor can use to freeze your bank account and seize any money you have on deposit. In fact, the judgment lien can be used to seize any assets you own to satisfy the lien.

If your vehicle was repossessed and you now have a judgment how do you get the judgment off?

The judgment creditor must be paid in full according to the terms of the judgment order. Most judgments are renewable and can remain on a credit report indefinitely until paid.

How do you get a judgment listed as satisfied on your credit report?

Your creditor should do it. If not, go to the credit reporting agencies and try a dispute. This is free. No subscription tricks.

Can a person's wages or bank account be garnished for credit card debt in Texas?

Texas allows bank account levy by a creditor judgment. Wage garnishment is only allowed if the creditor does not have any other means of executing the judgment.

Can wages be garnished for non payment of credit card bills in Florida?

If your creditor has obtained a judgment against you, yes.

What are your legal rights on garnishments on a checking account for unpaid credit dept?

none if your creditor has a judgment on you and a writ to do so

Can a car be taken to pay off credit card debt?

Yes. A car can be taken for a credit card debt if the creditor sues you in court, is successful and obtains a judgment lien. The creditor can use that judgment lien to take any property you own including your home and your car and your bank account.

When does a credit card company start garnishing your wages?

After the creditor wins a lawsuit and has been awarded a judgment against the debtor and then files the judgment as a wage garnishment action.

Can credit card company garnish wages in Oklahoma?

Yes, if the creditor sues the debtor and receives a judgment, the judgment can be used as a wage garnishment to collect the debt owed.