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Simplified version: File a lawsuit, win the suit, receive a writ of judgment, execute the judgment as a wage garnishment against the debtor/defendant. The average length of time from the filing to the hearing of a creditor vs.debtor lawsuit is 15 months.

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What Before offering terms does a company typically require of a customer without a credit history?

Before offering terms to a customer without a credit history, a company typically requires alternative forms of verification to assess creditworthiness. This may include proof of income, employment verification, or bank statements. Additionally, they might request a co-signer with an established credit history or require a deposit to mitigate risk. These steps help the company evaluate the customer's ability to fulfill payment obligations.


What steps would you need to go through to sign up with Visa credit cards?

The first step to do when signing up for a Visa credit card is to contact the company directly and fill out the application process over the phone. Before that, I would ask for special interest rates and fees.


What steps can I take to dispute a challenge credit card charge?

To dispute a challenged credit card charge, contact the credit card company immediately to report the issue. Provide any relevant documentation, such as receipts or communication with the merchant. The credit card company will investigate the dispute and may issue a temporary credit while they review the case. Be prepared to follow up with any additional information requested by the credit card company.


What two steps are involved with getting a credit card?

at 2 steps are involved with getting a credit card


Can lien be put on jointly owned property if the defaulted credit card is in one name only?

Yes, after the proper legal steps have been taken. Property ownership is often a prime consideration in the decision to sue by a credit card company (or it's collection agency). They would have to file a lawsuit, which the consumer would have a chance to defend. If they won the suit, they could proceed with the legal steps to place a lien on any real property, garnish wages and attach bank accounts. All of these potential scenarios would be determined and governed by state law.

Related Questions

What Before offering terms does a company typically require of a customer without a credit history?

Before offering terms to a customer without a credit history, a company typically requires alternative forms of verification to assess creditworthiness. This may include proof of income, employment verification, or bank statements. Additionally, they might request a co-signer with an established credit history or require a deposit to mitigate risk. These steps help the company evaluate the customer's ability to fulfill payment obligations.


What steps must be taken to obtain an asda credit card?

Like most credit cards, you must apply for an ASDA Finance credit card - and be approved by the company, based on a credit check - to obtain one.


Does a credit card lawsuit have the legal right to enter your home and seize personal property?

No they don't. If a credit card company is threatening to that, it is an illegal tactic and you may want to contact your state's attorney general to file a complaint. Most credit cards are unsecured, which means their are no assets guaranteed to be exchanged if the note is called and the money is not there. Some credit cards are secured; but they are secured with an actual cash deposit that you prepaid to them before they issued you the card. If the credit card company sues you for an unpaid balance and they win a judgement, they will then takes steps to garnish your wages to pay the judgement. Of course, it may be better to sell some of those assets you purchased with the credit card to repay the balance rather than face a wage garnishment. In a garnishment, your employer will be sent an order to withhold an amount from your paychecks to be sent to the court. The court will then issue the money to the judgment holder.


What steps can I take to dispute a challenge credit card charge?

To dispute a challenged credit card charge, contact the credit card company immediately to report the issue. Provide any relevant documentation, such as receipts or communication with the merchant. The credit card company will investigate the dispute and may issue a temporary credit while they review the case. Be prepared to follow up with any additional information requested by the credit card company.


What steps would you need to go through to sign up with Visa credit cards?

The first step to do when signing up for a Visa credit card is to contact the company directly and fill out the application process over the phone. Before that, I would ask for special interest rates and fees.


What two steps are involved with getting a credit card?

at 2 steps are involved with getting a credit card


Can lien be put on jointly owned property if the defaulted credit card is in one name only?

Yes, after the proper legal steps have been taken. Property ownership is often a prime consideration in the decision to sue by a credit card company (or it's collection agency). They would have to file a lawsuit, which the consumer would have a chance to defend. If they won the suit, they could proceed with the legal steps to place a lien on any real property, garnish wages and attach bank accounts. All of these potential scenarios would be determined and governed by state law.


What are the steps to open a Cleaning Company?

what are the steps to open a cleaning company in CT


What steps can you take to build a sound credit rating?

Start with a job, Open a savings account and save regularly, Open a checking account and manage it carefully, and Apply to a local department store or a gasoline company for a credit card.


If a company elect to resist unionizaton what steps should the company follow?

if a company elect to resist unionation what steps should the company follow


What steps should be taken if suspected fraud is detected on a credit card machine?

If suspected fraud is detected on a credit card machine, the steps that should be taken include immediately contacting the credit card company to report the issue, notifying the bank that issued the card, and potentially contacting law enforcement to file a report. It is also important to secure the credit card machine and any related records to prevent further fraudulent activity.


What should I do if I accidentally opened a credit card?

If you accidentally opened a credit card, you should contact the credit card company immediately to explain the situation and request to close the account. It's important to monitor the account for any unauthorized charges and take steps to protect your personal information.