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Answered 2007-09-04 17:04:51

Yes, if the creditor sues the debtor and wins a judgment, the judgment can be enforced as a bank account levy. Unsecured debt simply indicates that there is no specific property attached to the debt, it does not mean that a creditor cannot use a judgment to seize any non exempted property belonging to the judgment debtor. In some states including Missouri, joint marital bank accounts (unless otherwise stated), are considered to be held as Tenancy By The Entirety. This means that a joint marital TBE account cannot be levied when only one spouse is the named as the judgment debtor.

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Why are unsecured credit cards easy to get?

Unsecured credit cards are easy to get because they have no restriction and anyone can get them. You do not need a good credit history or an account to get one.

Is there a statute of limitation for unsecured credit card debt in Missouri?

In Missouri the statute of limitations for an open ended account is set at 5 years. A credit card is an open ended account. That will be measured from the last communications from the debtor. The credit card may be based on a different jurisdiction which could be longer! You need to check your agreement for the applicable jurisdiction.

Which company offer bad credit loan with unsecured credit?

Some of the places that offer a loan with unsecured credit can do so by browsing the websites for such companies as Amigo Loans, Achieve Credit as well as Aspire Money.

What is the statute of limitations on credit card debt in Missouri?

Credit cards are generally considered an open account. In Missouri the SOL of an open account is 5 years.

When a proof of claim form is a credit of money on an account is it a secured claim a unsecured priority claim or a unsecured non priority claim in a bankruptcy?

Presumably your talking about a credit in a general trade or deposit type account, (not a payroll matter, rent deposit or something on the priority list), it is simply an unsecured non-priority claim.

What credit card can you get without you having credit?

Typical credit cards are unsecured credit cards. If you have no credit history, you cannot get an unsecured card. Instead, you must apply for a secured credit card. It works kind of like a savings account. Say you give them $300 then they give you a credit card with a $300 limit.

Can attorney place levy on bank account from default judgment unsecured credit account in the state of Texas in which the debtor lives?


What Is The Difference Between Unsecured Loan And An Unsecured Line Of Credit?

An unsecured loan has a set repayment term. An unsecured line of credit can be paid off at your pace and can be used over and over.

What is a unsecured credit card?

A secured credit card requires a security deposit. An unsecured credit card is the traditional credit which does not require a security deposit.

Can you explain what the difference is between unsecured and secured business credit cards?

Unsecured credit cards allow free spending with a credit limit. They are the most common type of credit card and are based upon trust. Secured credit cards are backed by funds that are pre-paid into the account or collateral. They are more like a loan.

What are some easy ways to protect a credit card account?

Some easy ways to protect a credit card account are: to protect your Personal Identification Number (PIN) and security code, never use your credit card on unsecured websites.

Can a a credit company file the same account twice on your credit report?

It happens and can be disputed. Call you credit card company or credit agencies.

What account is debited when a company returns merchandise to a vendor on credit?


When does accounts receivable have a credit balance?

If an account has a credit balance the customer must have overpaid on their account or a credit was issued by the company and posted to the customers account, resulting in a credit or negative balance.

How can you make the credit card company reopen an account and remove 'closed by credit grantor' from your credit report?

You can't MAKE a credit card company reopen an account. You can call the credit bureau and request that they change the status to indicate that is was closed by you and not the credit grantor. Or, you can simply put a notation in your credit report stating that the account was closed by you and not the card company.

Use an Unsecured Loan for a Money Emergency! ?

For a monetary emergency, getting an unsecured loan can be the best idea. If you only need a couple of hundred of dollars, you may wish to forgo the bank and apply for an online unsecured loan instead. With an unsecured loan, you do not need to supply any credit history to be eligible. You simply need to be employed, or have a steady source of income, and have a checking or savings account. An unsecured loan can get you through until your next paycheck comes, especially when you don't have good credit. Apply carefully, and make sure to check out the company you plan to deal with thoroughly.

Can you get an unsecured credit card with bad credit?

yes u can

Can a credit card company reopen a charged off account?

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What is the definition of debenture?

an unsecured loan certificate issued by a company, backed by general credit rather than by specified assets.

How does a company get your bank account information?

Credit report?

What Is The Difference Between An Unsecured Loan And Line Of Credit?

An unsecured business loan has a set term for repayment. An unsecured business line of credit can be paid off at your pace and can be used over and over.

What are guaranteed unsecured loans?

Guaranteed unsecured loans are loans which are given to people regardless of their credit rating. The term unsecured loan means that it is not based upon a line of credit or assets of the recipient.

Can a credit card company go after the car of a deceased person to satisfy unsecured debt?

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Are there any unsecured credit cards you can apply for if you have bad credit or no credit?

There ain't any!

Does bonding have to do with credit history?

YES! Surety bonds are essentially unsecured credit, and are underwritten differently than insurance. Surety Companies will take into account your credit, financial statements, and experience before they are willing to bond you.