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If a credit card company has a judgment against you can they force you to sell your home?
The forced sale of a homestead to pay unsecured creditors is in some cases possible. However it is very seldom done. In the majority of situations the homestead exemption will protect the property. Other factors negating a forced sale depend on how the property is titled and state statutes. Not knowing your state of residency I regret I cannot be more specific.
What else can I help you with?
Can your company force you to use a corporate credit card that effects your credit?
If it is a corporate card I would imagine it is in the name of the company and not your name. If that is the case it shouldn't impact your credit.
Can a credit card company force an estate to sell a home to pay their bill?
No, credit companies cannot force anyone to sell anything to pay them.
If the mortgage on your home was not reaffirmed after bankruptcy can the mortgage holder report on your credit report?
I can only speak from my own experience. It does indeed appear on our credit report and also states that the mortgage company is filing a claim against us--even though we did not reaffirm the loan. Completely wrong and I've disputed it many times with ALL the credit bureaus but they will not remove it. I'm not sure if there's a government organization that can help force the mortgage company to report correctly to credit bureaus or one that can force the credit bureaus to actually DO an investigation when you dipute it. No win situation, I'm afraid
How much of money should you owe for a credit card company to drag you to court?
Wow Considering that Credit Card companies do not have a sense of humor any amount could lead to legal proceedings. But usually it is not the amount you owe it is the payment history and if there has been fraud or other crimes committed by the card holder against the credit card company. So if they force you into bankruptcy to get your assets over twenty dollars you really should have paid them or not committed the crime.
Can a credit card company legal offer no grace period?
Absolutely, there are no statutes that can force a private company into such an agreement. Credit card issuers make a lot of money from the charging of late fees, therefore one can see why they would not be amicable to terms such as a "grace period."
How to get out of a judgment?
Judgments are essentially lawsuits filed by a creditor that you owe money to. You generally can't get out of a judgment unless you go to court to fight it. You generally will have to pay a judgment willfully or by force to satisfy it. It will also show up on your credit report unless you dispute it to the credit bureaus. The credit bureaus have 30 days to verify it or it will be removed from your credit report.
Can your company force you to use a corporate credit card that effects your credit?
If it is a corporate card I would imagine it is in the name of the company and not your name. If that is the case it shouldn't impact your credit.
Can a credit card company force an estate to sell a home to pay their bill?
No, credit companies cannot force anyone to sell anything to pay them.
What happens after a entry judgment is granted?
That pretty much depends upon how much the judgment is for. usually, if the judgment amount is small, then nothing happens except that you have a really negative mark on your credit report. If you attempt a purchase a home, the mortgage lender will force you to pay off the judgment before they will extend a mortgage loan to you. The judgment will appear on your credit report for a very long time and will negatively impact your credit score. If the judgment is for a relatively large amount of money, the creditor will most likely seek to garnish your earnings or attach monies in your bank accounts.
If the mortgage on your home was not reaffirmed after bankruptcy can the mortgage holder report on your credit report?
I can only speak from my own experience. It does indeed appear on our credit report and also states that the mortgage company is filing a claim against us--even though we did not reaffirm the loan. Completely wrong and I've disputed it many times with ALL the credit bureaus but they will not remove it. I'm not sure if there's a government organization that can help force the mortgage company to report correctly to credit bureaus or one that can force the credit bureaus to actually DO an investigation when you dipute it. No win situation, I'm afraid
If one spouse has a judgment against them in Florida can the creditor pursue or force the sale of a Connecticut property that is held by joint tenancy?
Generally yes, against the husband's interest only. However, they would need to find the property first and obtain a judgment in Connecticut.
How much of money should you owe for a credit card company to drag you to court?
Wow Considering that Credit Card companies do not have a sense of humor any amount could lead to legal proceedings. But usually it is not the amount you owe it is the payment history and if there has been fraud or other crimes committed by the card holder against the credit card company. So if they force you into bankruptcy to get your assets over twenty dollars you really should have paid them or not committed the crime.
Is a fielder's choice a hit against the pitcher?
No. Since the fielder's choice is a force out, the batter doesn't get credit for a hit even if he is safe, nor does the pitcher get a hit counted against him.
Can a creditor force you to sell your car?
If the creditor wins a lawsuit judgment against the debtor he may be able to execute it against a vehicle belonging to the debtor defendant. States establish vehicle exemption which are to be used to prevent a forced sale by a judgment creditor. Judgment creditors however rarely take such action, as the seizure and sale of a vehicle is complicated and seldom worth the effort needed. Creditors prefer to execute a judgment as wage garnishment, bank account levy or a lien against real property as means to recover debts owed.
In the state of Florida under homestead exemption can a collection company for a credit card place a lien on that property or force a sale?
how do i get an answer to this question
Can an insurance company force you to keep their policy?
What sort of question is this? Are they going to hold a gun to your head if you don't? No business in America can force you to do anything, well except maybe the credit card companies...
Can a credit card company legal offer no grace period?
Absolutely, there are no statutes that can force a private company into such an agreement. Credit card issuers make a lot of money from the charging of late fees, therefore one can see why they would not be amicable to terms such as a "grace period."
