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Can a judgment be put on a Certificate of deposit which has a secured loan on 75 percent of it?
Yes, a judgment can be placed on a Certificate of Deposit (CD) even if it has a secured loan against it. However, the lender with the secured loan has priority over the funds in the CD, meaning they would be paid first in the event of default. The judgment creditor may be able to access the remaining balance after the secured loan obligations are satisfied, but this depends on the specific circumstances and local laws.
What else can I help you with?
Does American express have a secured American express card?
Yes, they do. You have to open a Certificate of Deposit and pledge it as collateral. The limit on the credit card is equal to the amount of the CD you open.
Do you have to put a deposit on a secured credit card?
Yes, the fact it is "secured" is what that means.
Does American Express have a Secured American Express Credit Card?
Yes, they do. You have to open a Certificate of Deposit and pledge it as collateral. The limit on the credit card is equal to the amount of the CD you open.
What is a secured credit card?
a credit card that is secured by a deposit of your own money
What are secured and collateral accounts?
Secured accounts are secured by a deposit. The bank would then extend a credit line - usually an amount from 100% to 200% of the deposit. For instance a $500 deposits would generally get you a $500-$1000 credit line. You likely will earn interest on your deposit and be considered for an unsecured line after a certain amount of time.
In bankruptcy is a judgment that was entered by a lawyer for a collection agency which resulted in a drivers license suspension a secured claim by the collection agency?
It depends on the judgment. If it is a Motor Vehicle Judgment it is not a secured claim which makes sense since they went after your license and not your assets. Sometimes these Motor Vehicle Judgments show up on your credit report and the only way to get it off is to settle the judgment or file bankruptcy. If it is not a Motor Vehicle Judgment it is most likely a secured claim.
What credit cards are available that match your deposit?
Secured credit cards are available that require a deposit matching the credit limit.
How much money do I need to deposit for a secured visa credit card and what are the interest rates like for them?
The lowest amount you should deposit in a secured visa credit for you get interest is $ 500.00. Expect to get 5 % interest back into your account.
What credit cards rebuild credit?
There are two* types of credit cards, secured and unsecured. Usually the best credit cards for rebuilding credit are secured credit cards. They work just like an unsecured card, but you need to post a security deposit against a secured card in addition to any annual/monthly fees. One secured card that stands out is the Capital One Secured Card, since the annual fee is reasonable and the security deposit can be as low as $49 for a limit of $200 (terms may change, this statement is as of this writing).Most secured credit cards require a deposit that will match your credit limit. Noted cards that give a limit equal to the deposit include the Platinum Zero Card from Applied Bank and Open Sky Secured Card.* in reality, there are three different types. Along with the two types mentioned, there are partially secured cards. These cards may not necessarily require a security deposit equal to the limit. However, these are usually classed amongst fully secured cards since a deposit is still necessary.
What is a secured mastercard?
A "secured" credit card is one for which the holder has made a deposit, usually in the amount of the credit limit on the card. This insures that the issuing bank is not out any money if the holder defaults; they just keep the security deposit in that case.
Does a judgment become a secured debt?
If it is against property..if it is a judgement against you generally, then no.
What are the differences between a prepaid credit card and a secured credit card?
A prepaid credit card requires you to load money onto the card before using it, while a secured credit card requires a security deposit that acts as your credit limit. With a prepaid card, you are using your own money, whereas with a secured card, you are borrowing money that you have secured with a deposit.
