The party can issue a Writ of Garnishment to take money out of your bank account, they can issue a Writ of Execution to take eligible property or any other discoveries such as tax refunds, inheritance, etc. Those are worst case.
It means that you have that on your credit report for 8 years and that they have the right to collect the judgment from you.
A lien cannot be placed against an individual in reality. However, a judgment creditor such as a credit card company can place a lien against real property owned by a judgment debtor. The judgment creditor can take other steps as well to collect the debt, an example would be income garnishment.
It means that a claim has been filed with a court for judgment and they are going to try to collect legally through a court. A judgment just gives them the right to pursue you or file for garnishment.
An outstanding judgment is a court order that gives a creditor the legal right to collect from a debtor. As court judgments are a matter of public record, a creditor can report the judgment on the debtor's credit reports. An example of a judgment placed on a credit report would be a judgment for eviction. This judgment will remain on the credit report for seven years from the filing date.
Anyone can file suit against you, and if they win the case, get a judgment awarded in their favor. The credit bureaus monitor public records looking for legal items of a financial nature that can be reported on consumer's credit. Most often, this is done by outside vendors, who collect this information and transfer, or sell it to the bureaus.
Question is not clear, but your father's Medicaid eligibility is not affected by his financial troubles. The credit card folks may get a judgment against him, which will affect his credit rating. If he comes into some money in the future, presumably they will attempt to collect that judgment, possibly from his estate.
If the judgment names only one spouse as the judgment debtor it will not be entered on the non judgment spouse's credit report.
Yes, if they get a judgment against you, and most do. Once the judgment has been entered and is public record, that judgment will go on your credit reports and it will tank your credit scores.
yes, and its always against you
Answer: If your credit card company obtains a judgment against you they may take any property of value that they can find.
I have a civil judgment against me and the mobile home wasn't in my name. It is showing up on my credit report. How do I dispute it?
No