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!
If the collector sues the debtor and is awarded a judgment the judgment can be executed as a wage garnishment.
Any assets you have such as property, automobiles, bank accounts or wages.
Only if the credit card is assigned to the business as a company card.
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.
Collectors cannot. A court order can. A collector needs to go to court and win a judgment and court order. This varies in difficulty from state to state.
If the collector sues the debtor and is awarded a judgment the judgment can be executed as a wage garnishment.
Any assets you have such as property, automobiles, bank accounts or wages.
No
Only if the credit card is assigned to the business as a company card.
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.
Collectors cannot. A court order can. A collector needs to go to court and win a judgment and court order. This varies in difficulty from state to state.
Judgment (judgment lien) collection procedures include: *Examinations--you have to come to court and answer questions *Garnishment of bank accounts or wages *Execution on motor vehicles or boats *other procedures that vary from state to state
yes, and its always against you
How much can a credit card collector do with a lien on your property in Fl
Answer: If your credit card company obtains a judgment against you they may take any property of value that they can find.
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.
The short answer to this question is YES.