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Yes. If the creditor wins a lawsuit against the debtor a judgment is entered in favor of the creditor. A judgment can be executed against any non-exempt property belonging to the debtor including but not limited to the placing of a lien against real property. In most situations a lien is possible regardless of the status of ownership of the property, with the exception being marital property held under TBE laws.
What else can I help you with?
What does Balance on company credit card represents?
it denotes the amount of unpaid purchases on the card.
Can a credit card company garnish wages for unpaid debt in Texas?
No.
How long does a credit card company have to sue you for unpaid credit card debt?
as long as it remains a part of your credit report, 7 years.
What action can a credit card company take on unpaid credit cards?
They can sue you, the results can lead to jail time for fraud or allow them to place a lien on property or to garnish wages. They can place a lien on property (depends on the agreement you signed). They can make an adverse entry in the credit reports.
What will happen if had a stroke but still got unpaid credit card and personal loan?
During events of emergencies such as car accidents, personal property damages or getting too sick, some credit card companies offer supplemental insurance for credit card. The case of being sick with unpaid credit cards will be handled accordingly with applicable laws.
Can you be sued by your credit card company for not paying your bill?
Yes, the agreement includes their ability to sue you for unpaid bills.
What happens to unpaid expired credit card?
Only the card expires, not the line of credit it is attached to. So interest will still accrue on the unpaid debt.
Can a credit card company issue a summons for unpaid debt or can a credit card company retain services of an attorney and sue for unpaid debt?
sure they can but they cant collect or that is what happens in texas they can get an injunction against you but that means you have to pay them but not when Absolutely. You own them the money and they can hire an attorney or sell the debt to a collection agency.
What is the law on unpaid credit charges?
In the United States, consumers are protected by the Fair Credit Billing Act, which sets rules for the resolution of billing errors on credit card accounts. If a consumer believes they were charged incorrectly on their credit card, they have the right to dispute the charge with the credit card company. It is important to report any billing errors promptly to avoid being responsible for unpaid charges.
Can you sue for unpaid credit card?
y bro
What happens if one does not pay credit cards?
The credit card company will pursue you for the unpaid debt, usually they will get a court order which will give you a very poor credit rating for several years
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.
