No, but in all likelihood a default judgment will be entered in favor of the plaintiff and can be enforced against the defendant debtor's real or personal property according to the laws of the debtor's state.
No, there are no debtor prisons in the United States. Being in debt is not a crime. If all the consumers who had credit card debt were arrested, there would be nothing but prisons in America. The average American has approximately $8000 of credit card debt. This does not include those of us with defaulted or derogatory accounts.
A settled credit card account affects the co-signer in the same manner as the primary card holder. Settlement is payment for less than the full balance on a defaulted debt. Defaulted debts ruin your credit record. The co-signer is liable for the debt and the record of its' activity shows on that persons' credit for the full reporting time period.
Yes.
Most importantly, appear in court on the date and at the time you are summoned. Bring with you all records of payments against the debt. Be prepared to explain to the courts why you defaulted, and plead for the opportunity to make arrangements for payment.
It goes on the credit reports as a delinquencyAnswer:If you don't pay your credit card debt then to your creditor may take you to civil court and can get a judgment to hold your property. There are other penalty as well if you dont pay your credit card debt.
court government
A company can seize assets doe to credit card default if they obtain a judgment through the court. You will be notified of the court date.
I don't see how defaulting in credit card gets your resume rejected. If you got the interview, pass the background check and the company decided to run a credit card report on you and you defaulted then they will not hire you. Resume rejection is only if you did not get the interview.
No, a sheriff sale in Pennsylvania cannot be held to repay credit card debt. Sheriff sales are typically used to sell foreclosed properties to repay mortgage debt, unpaid taxes, or certain government liens. Credit card debt would be resolved through a different legal process, such as debt collection or civil court action.
A UK credit card debt cannot be enforced overseas. It is the UK County Court that can take action on an unsecured UK debt. The accused should be living in the UK so the papers can be sent to him and for him to be able to attend court hearings.
If the original debt has been "assigned" to a second organisation then you owe the second organisation (e.g. a debt collection agency that buys defaulted debt ... for about 14p in the pound) If the original debt has not been "assigned" then you owe the original creditor (i.e. the credit card company) It is a question that many credit card companies and the debt collectors they appoint from time to time are very cagey about. Ask them whether or not it has been assigned as you have the right to know this and also ask for a copy of the deed of assignment.
Contact your lawyer - ask them to find out when the court date is.