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If a credit card company sues you in a state where you do not live earn any income or own any property can they collect anything?
Wiki User
∙ 8y ago
Being sued by a creditor (especially if you don't defend against the suit) will result in a default judgment being granted. This legal item will find its' way onto the Public Records portion of your credit report. The fact that the jurisdiction is out of state for you, as the Defendant, simply makes it more difficult to dispose of.
Judgements can accrue interest, depending on the laws of their jurisdiction. They are rarely "collected", but do remain on your records and credit report, causing problems into the future. Consumers usually have to deal with public record issues upon trying to secure credit. Under certain states' laws, judgments can be renewed. This means that no matter how long you try to wait them out, you will have to pay the debt one way or another. In the meantime, all accounts and services which utilize credit reports are costing you more money. These include: Housing, utilities, insurance, employment and (of course) credit.
Having any items in the public records portion of your credit report causes all other marks to impact your score more than someone with no public records. This is the case even when those legal items are paid and have their proper disposition. For all of these reasons, it is in a consumer's best interests to answer/fight/settle all lawsuits to avoid a judgment being granted.
Wiki User
∙ 8y ago
If a credit card company successfully sues you in a state where you do not live, earn income, or own property, they may face challenges in collecting the debt. In some cases, they may seek to enforce the judgment in the state where you do reside or have assets. It is advisable to seek legal advice to understand your rights and options in such a situation.
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Can a sheriff sale be held to repay credit card debt in the state of Pennsylvania?
No, a sheriff sale in Pennsylvania cannot be held to repay credit card debt. Sheriff sales are typically used to sell foreclosed properties to repay mortgage debt, unpaid taxes, or certain government liens. Credit card debt would be resolved through a different legal process, such as debt collection or civil court action.
What is the law on unpaid credit charges?
In the United States, consumers are protected by the Fair Credit Billing Act, which sets rules for the resolution of billing errors on credit card accounts. If a consumer believes they were charged incorrectly on their credit card, they have the right to dispute the charge with the credit card company. It is important to report any billing errors promptly to avoid being responsible for unpaid charges.
How long does creditor has to file a lawsuit for a charged off debt Arizona?
In Arizona, creditors generally have six years to file a lawsuit to collect on a charged-off debt. This time period is determined by the statute of limitations for debt collection in the state. After the statute of limitations expires, the creditor may no longer pursue legal action to collect the debt.
If you have a judgment and after 7 years it's off your credit does that mean that the creditor can't put a lien on any of your property?
The expiration of the judgment on your credit report does not necessarily prevent the creditor from enforcing the judgment by placing a lien on your property. You may need to check the laws in your state regarding the statute of limitations for enforcement of judgments. Additionally, the creditor may still pursue other legal avenues to collect the debt even if the judgment is no longer on your credit report.
Is the second person on a credit card legally responsible to pay the debt?
Yes, the second person on a credit card is usually equally responsible for the debt incurred on the account. Both primary and secondary cardholders are legally obligated to repay any charges made on the card, regardless of who made the purchases.
Can a credit card company collect after 7 years?
no
Credit card company does not have your social Can they still collect?
If they have your address & phone number they will try to collect. They can sue you.
When debt was illegally incurred by a niece is credit card company entitled to insurance payment since house burnt down?
Possibly. If you're saying the niece used your credit card, and they want to collect from you, and you are receiving an insurance payment... if they get a court judgment against your property, then you will have to pay. You can, of course, sue your niece to recover anything you had to pay because of her actions.
What does it mean if a credit card company enters a judgment on you?
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.
Can a credit card company collect from a deceased persons parents?
Not unless they were guarantors of the debt.
Can a credit card company collect on a debt over seven years old?
Yes. Even though the chargeoff line item should come off of the credit report in seven years, the credit card company may attempt to collect their debt for as long as they wish (assuming no fair credit collection laws are broken in the process).
If you incur a debt on credit card after you file chapter 13 and are still under the bankruptcy can that credit card company do anything legal to collect your debt?
Declaring bankruptcy does not allow you to go out and spend money without having to pay it back. Yes, the debt is not covered by the Chapter 13 filing, so they can do what they can to collect the new debt.
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 personal property be levied when a judgment is placed against you for credit card deliquency?
Answer: If your credit card company obtains a judgment against you they may take any property of value that they can find.
Can a credit card company file a judgment lien against your house if there is no equity in the property?
Yes.
What can credit card company take if you don't pay?
They have to take you to court to take anything from you.
If you have broken a lease and you are then sued by the property management company and you do not show up in court. How long will it take for the judgment to appear on your credit report?
If the management company files it immediately with a credit agency, it may be hours or days.
