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
If the collector sues the debtor and is awarded a judgment the judgment can be executed as a wage garnishment.
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!
No
court government
Yes, the creditor or more likely a collector who buys the account can file a lawsuit against the debtor. If the plaintiff (collector) wins the suit, they will be awarded a writ of judgment. A judgment can be used to garnish wages, levy bank accounts, place liens against real property or liquidate nonexempt property owned by the debtor.
If the collector sues the debtor and is awarded a judgment the judgment can be executed as a wage garnishment.
yes, and its always against you
Answer: If your credit card company obtains a judgment against you they may take any property of value that they can find.
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!
No
court government
Yes, the creditor or more likely a collector who buys the account can file a lawsuit against the debtor. If the plaintiff (collector) wins the suit, they will be awarded a writ of judgment. A judgment can be used to garnish wages, levy bank accounts, place liens against real property or liquidate nonexempt property owned by the debtor.
Yes, if you were prosecuted for it and a judgment was made against you.
can a credit card that has won judgment against you seize other credit cards that are in good standing
yes....after they obtain a judgment in court...they can put a lien on your home, file an abstract against your social security number and attach wages and bank accounts...
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.
Yes.