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How do you avoid your credit card going into judgment when you have no money?
Craigash7
It will be difficult to prevent the creditor from obtaining a judgment when the debtor has no monies. The debtor may have to borrow money from friends or relatives to prevent pending legal litigation. The creditor generally prays for judgment after negotiations for repayment of debt have broken down and cannot be agreed upon.
Wiki User
∙ 16y ago
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Can some with no money be sued?
yes, all you can do is get a judgment against them should you prevail, you may never see a penny, but the judgment will damage their credit and reputation
What if it is a credit card debt of your ex can they take out of your account?
If it is a joint account yes, unless you can prove that the money is judgment proof
How can you get credit card with money already on them?
Go to creditcard.com and go to credit for free. Beleive me this is going to be right! I did it!
Can credit card judgment take money from your bank account?
Most states allow a judgment creditor to conduct a bank account levy to help collect a judgment. The exact procedures vary by state and they have to be able to find your account somehow.
How can one avoid going bankrupt with the cost of mortgages these days?
The best way to avoid becoming bankrupt is to not have debt. That means not spending more money than one earns, making sure to pay off credit card bills on time and having an emergency fund.
If someone owes you money can you put a notice on their credit report of upcoming lawsuit even before judgment occurs?
If someone owes you money, you can not put a notice on their credit report of an upcoming lawsuit. A judgment must be entered in court, before it can be reported to a credit report.
How do you place a collection amount against someone's credit that owes money from an eviction?
It has been my experience that judgments from an eviction lawsuit automatically go on a person's credit rating. If you get a money judgment, you should be able to get a judgment lien form from the court clerk and record it at the county recorder's office. Sometimes this is called an abstract of judgment. This should be picked up by the credit bureau's and go on the credit rating.
Can some with no money be sued?
yes, all you can do is get a judgment against them should you prevail, you may never see a penny, but the judgment will damage their credit and reputation
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.
How do you remove an ex-spouse's judgment from your credit?
If your name is on the judgment, you cannot remove it and it will be on your credit report as unpaid until it is satisfied (aka paid). If you have a statement regarding the judgment in your divorce, you may have some success in contacting the credit reporting companies and sending them the information they require. Mind you, it may take some time and you'll probably have to follow up several times to be certain that they have taken care of the issue. If it is a real problem in what you would like to do, such as borrowing money, and nothing else will work, consider paying it off yourself by going to the court that issued the judgment and obtaining the necessary documents. If you get lucky, the judgment will have already been paid and just not reported to the credit reporting companies.
What if it is a credit card debt of your ex can they take out of your account?
If it is a joint account yes, unless you can prove that the money is judgment proof
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 get credit card with money already on them?
Go to creditcard.com and go to credit for free. Beleive me this is going to be right! I did it!
What are advantages of money?
Money makes you responsible for you spending.You only spend what you have.It also help you avoid credit card fees.
Can credit card judgment take money from your bank account?
Most states allow a judgment creditor to conduct a bank account levy to help collect a judgment. The exact procedures vary by state and they have to be able to find your account somehow.
If it has been 8 years since your car was repoed and they are still threatening you for money when will they go away?
7 yrs AFTER the date of the judgment, fed law requires the judgment to be removed from your credit file.
What happens after a entry judgment is granted?
That pretty much depends upon how much the judgment is for. usually, if the judgment amount is small, then nothing happens except that you have a really negative mark on your credit report. If you attempt a purchase a home, the mortgage lender will force you to pay off the judgment before they will extend a mortgage loan to you. The judgment will appear on your credit report for a very long time and will negatively impact your credit score. If the judgment is for a relatively large amount of money, the creditor will most likely seek to garnish your earnings or attach monies in your bank accounts.
