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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 possible for the creditor to enforce the judgment to seize and liquidate non exempt property (bonds, stocks, etc.) belonging to the debtor and place a lien against real property.

For homeowner's it is very important that they know what the laws of their state concerning the homestead exemption in order to prevent a forced sale of the residence.

The best option is for the debtor to obtain legal advice or representation as soon as possible. Most attorneys offer free or minimal fee consultations to discuss the individual's personal circumstances.

If the individual cannot afford a private attorney he or she can contact the local branch of legal aid society.

Please be advised, all legal aid agencies have a waiting list and specific requirements for eligibility.

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βˆ™ 2011-09-12 21:18:51
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Q: How do credit card judgments work?
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Related questions

Where can one find information on credit card judgments?

One can find information on credit card debt judgments on the Nolo website. Additionally, one can find information on credit card judgments on websites such as AskDoctorDebt or ConsumerRecoveryNetwork.

Texas statute of limitations on credit card judgments?

The Statute Of Limitation for credit card judgments in Texas is four years. The Statute Of Limitations is a time frame as to when companies can sue you for money owed.

Does Texas law allow judgments by the courts to garnish wages for credit card debt?

Yes, Texas allows garnishment of wages for credit card debit

What will you do if you can not get a credit card?

You have to work on your credit until you can

Endowments and credit card judgments can they put a judgment on my IRA or endowment policy?

The simple answer is yes, they can. I believe that only Military and Government pensions are immune from judgments and/or garnishment

How do a walmart credit card work?

Do you use a pi number to purchase with the credit card or cash

What are the effects and consequences of not paying off credit card debt?

What are the possible consequences of not being able to pay monetary judgments against you.

What do you do if the security code on your credit card doesn't work?

Call your credit card company and they will help you reset the code.

How long do civil judgments stay on credit report in tx?

Civil judgments can appear on your credit report 7 years from the date they were filed.

What statute of limitations for judgments on a credit report in Maryland?

Judgments do not have a statute of limitations on a credit report. They will stay on until they are paid off or satisfied.

How does web credit card processing work?

Credit card processing works on webpages when buying something. The credit card makes the order, it is processed through the card company and seller's webpage.

How do you get judgments that are paid removed?

Judgments will stay on your credit report for up to 7 years whether paid or not. You can dispute your judgments to the credit bureaus by sending dispute letters to each of the credit bureaus. The credit bureaus will have to investigate the items and if they are paid they have a greater chance of being removed.

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