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It depends on your situation. If you are disabled and can't work or you are between jobs and making an effort to look for work the judge generally will give you some time. If you're slacking off then yes, the judge can make you pay this debt off and will decide how much will come out of your pay until the debt is paid in full. When you take out a credit card you are basically boring money from a company and it's your responsibility to pay that debt back just as if you were paying off a loan at a bank. Cut-up those credit cards! Marcy * No. When a creditor sues a debtor and wins a judgment is entered against the debtor. The court does not take any part in the collection of a judgment, that becomes the responsibility of the judgment creditor. Not paying a judgment is not considered contempt of a court order. Once the creditor has the judgment they can execute it against any nonexempt property belonging to the debtor. This is done by filing the appropriate forms with the clerk of the court and notification given the debtor that the judgment has been excecuted as a wage garnishment or bank account levy, or other means.
What else can I help you with?
When someone goes to prison what happens to his credit card debt?
The individual would still be responsible for their credit card debt, but their ability to make payments may be impacted while in prison. The debt will not disappear, and the credit card company may pursue collection efforts or legal action to recover the debt.
What amount will Mastercard or Visa credit card sue you over in Texas?
There are no "set amounts" a creditor uses to determine if a lawsuit should be filed. The largest factor is whether or not a judgment is collectible. Does the debtor have a job where wages could be garnished? Bank accounts that can be levied? Is there real estate, cars, luxury items that are not exempt and could be liquidated to pay the debt.
Do credit card bills have to be repaid after death under the Florida homestead law?
The homestead exemption has not correlation to the repayment of debt. The homestead exemption is for the purpose of protecting a primary residence from creditor attachement by means of a lawsuit judgment. Debts of the deceased should be entered into probate procedure along with all non exempt assets and property, all of such will be handled according to the state probate laws.
What is a co-signor?
A co-signer is a person that will make a promise to pay off another persons debt if they default on it. Many banks, realtors and landlords will require a co-signer if a person has bad credit or has no credit.
Is 541 a good credit score?
A credit score of 541 is considered poor. It may make it difficult to qualify for credit or loans, and those that are approved may come with higher interest rates. It is important to work on improving your score by making on-time payments and reducing debt.
When are you in credit card debt?
A person is in credit card debt when they have charges on their credit card and can not pay them. A person can make charges on a credit card and make payments at a later date. When a person charges on their credit card, the charge is now a debt that must be paid.
Is paying off your credit card bad?
Only if you OWN the credit card company. Credit card debt is a silent killer. Make the choice to carry ZERO credit card debt.
What are the different secrets when it comes to consolidation of credit card debt?
The different secrets when it comes to consolidation of credit card debt is to make sure that the credit card debt is not tampered with by the credit card companies. The help of government revenue service systems can be of assistance in the area of verification of legitimate credit card services.
Can they make you sell your clothes and furniture to pay credit card debt?
No
How do you make a debt on doodle god?
Bank + Money = Debt Money+ House = Bank Gold + Paper= Money
how to clear up credit card debt?
It can be very difficult to clear up credit card debt. Therefore, you may need to borrow money from your parents if you have to just to get out of credit card debt. If that is not applicable, then you must watch out your own spending and make sure that there is absolutely nothing that you do not actually need. Apply for financial help is you cannot pay tuition because of the credit card debt.
Massachusetts laws regarding credit card debt of a spouse?
In Massachusetts: Generally, a judge can assign a credit card debt to the other spouse in a divorce proceeding if the circumstances warrant such a redistribution. A creditor must make a claim within a statutory period against the estate of a deceased debtor. If an estate has not been filed in probate court a creditor may petition to administer the estate. The credit card company cannot make the decedent's relatives pay a debt that's only in the decedent's name.
When someone goes to prison what happens to his credit card debt?
The individual would still be responsible for their credit card debt, but their ability to make payments may be impacted while in prison. The debt will not disappear, and the credit card company may pursue collection efforts or legal action to recover the debt.
Where can I find a credit card debt calculator?
One of the websites with a good credit card debt calculator can be found on www.bankrate.com. Make sure you have your financial statements ready to calculate your payments accurately.
How do crooks pretend to pay off credit card debt?
Crooks may pretend to pay off credit card debt by using stolen credit card information to make fraudulent payments, which may temporarily appear as legitimate payments on the account.
If someone dies with 10K in credit card debt and has bank account does the credit card company get the money?
Yes, they are a creditor that can make a claim on your estate.
How can one go about starting a credit card debt settlement?
You need to get in contact with your credit card company and make an agreement on how you are going to pay back your debts. The cost to doing a credits card debt settlement is that you end up with a very bad credit score.
