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The creditor has won a lawsuit judgment against the debtor(s) and can execute the judgment against any nonexempt property belonging to the debtor(s). The preferred method of judgment execution is wage garnishment followed by bank account levy, or seizure and sale of nonexempt property or a lien against real property. North Carolina, South Carolina, Pennsylvania and Texas do not allow wage garnishment for creditor debt. The exception is Texas where the court can grant wage garnishment if the debtor has no other property for which the judgment can be executed against. Married couples living in community property states are both usually responsible for debts incurred during the marriage regardless of which spouse is the account holder or borrower.
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∙ 18y ago
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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 creditor go after a corporation to satisfy a credit card judgment?
Only if the credit card is assigned to the business as a company card.
How does a credit card collector earn a judgment in their favor?
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!
Can a credit seize other credit cards?
can a credit card that has won judgment against you seize other credit cards that are in good standing
What happens if there is a judgment against you for credit card debt in Louisiana?
court government
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.
Is a credit card judgment legal if mailed to you?
No
Can a creditor go after a corporation to satisfy a credit card judgment?
Only if the credit card is assigned to the business as a company card.
Can credit card companies get a judgment?
yes, and its always against you
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.
Does Tennessee allow credit card garnishment?
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.
When a credit card company is awarded a judgment can you include this judgment on a Bankruptcy in CA?
The short answer to this question is YES.
When you die can credit card companies put a judgment on my property?
...you...my...?When I die, your credit card companies have absolutely nothing to do with the situation.When I die my credit card companies will take whatever I owe them.
How does a credit card collector earn a judgment in their favor?
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!
Can a credit seize other credit cards?
can a credit card that has won judgment against you seize other credit cards that are in good standing
What happens if there is a judgment against you for credit card debt in Louisiana?
court government
Does Virginia allow wage garnishment for credit card debt?
Yes, a judgment creditor can execute the judgment as a wage garnishment.
