No, it is still valid and the holder of the judgment writ can enforce it in the manner allowed by the laws of the judgment debtor's state.
If you have a judgment from a collection agency and it is valid, you have to pay it to have it reversed. If it is not valid you can try to appeal it.
you "satisfy" a judgment by paying balance in full or settlement. but understand that once a judgment has been issued by a court then there can be no one else that does this.
A collection agency cannot call your employer to garish your wages. In order for your wages to be garnished, you must be sued by the collection agency. And the agency must win a judgment against you.
No, Unsecured is exactly That Unsecured by any collateral. Now the process is that after they write off the debt a collection agency can take you to court and if they win a default judgment , BOW they can proceed to garnish wages, seize assets and so forth. But a lien on the property would come first. The main goal is to prevent a judgment from happening in the first place. Get legal assistance or work something out with the collectors. The answer is No and collection companies are 3rd party vendors that have no legal right to a judgment or a lien. I agree with the above beginning and end but nothing in the middle. There are other options with unsecured cards. Cindym
== == Yes they can. Happens all the time.
If a judgment is in place the judgment holder can execute it under the provisions of the law of the debtor's state. It would not be necessary for the creditor to transfer the debt to a collection agency. That being said, a judgment is not transferrable, so if the original judgment holder did not record the judgment and take action they could not simply "pass it on" to another collector unless that collection agency was acting in their behalf and was part of the original suit.
No. A collection agency may not legally make any false claims. However, they may have obtained a judgement by default if you failed to answer a summons.
If his name is not on the card,(He did not sign for the card) Then NO! And credit cards are unsecured loans.
In Washington state, a collection agency can potentially file for a judgment as soon as they have exhausted other debt collection methods and the applicable statute of limitations has not expired, which is generally six years for most debts. However, the timeline may vary depending on the specific circumstances of the case. It is advisable to seek legal advice if you are facing a potential judgment from a collection agency.
I presume your question is in regards to a bill for tuition (and perhaps other fees) claimed by the school, and that the school has sold this debt to a collection agency. I am convinced that tuition for education/training services is unsecured debt. Of course the school can withhold certificates that were to be awarded upon satisfactory completion of the education, and may not list you as matriculated/graduated in their records until they are satisfied. As you indicate that the school has sold the debt to a collection agency, then such action to suspend the economic value of the education probably has already happened. So now you have an unsecured debt being pursued by a collection agency -- the same as all other unsecured debts being pursued by collection agencies. Apparently, you are about to learn-the-hard-way about the details of such collections. If the collection agency does not get you to make payment that is adequate for a negotiated settlement between you and them, then they might resell the debt to another collection agency that will start pursuing you again, or simply give-up pursuing you, or bring a civil suit against you.
The defendant debtor will receive a notice of final judgment from the court where the suit was heard and a judgment was awarded. The notification may be served by an officer of the court or independent agency or it may arrive by certified mail.
There is no definite answer as creditors establish their individual collection procedures, it might also depend upon whether it is the original creditor or a collection agency.