hoe long do lenders have to collect on a judgement in fla.
30 days from the date the judgment is entered
In Florida, a garnishment is valid for up to 20 years. This means that creditors can collect payment through wage garnishment or bank account levy for a period of 20 years after obtaining a judgment against a debtor.
Yes, as long as you comply with Florida's regulations concerning the move.
In Ohio, the general time limit to collect on a civil judgment is 21 years. This period begins from the date the judgment is entered. However, the judgment can be renewed before it expires, allowing for potential collection beyond the initial period. It’s advisable to keep track of deadlines and consider legal assistance for the renewal process.
Moving has no affect on a debt. The creditor or his agent the collector may collect against a judgment for ten years from the date of judgment or the date of last payment, which ever is later.
In Michigan, a judgment is generally valid for 10 years from the date it was entered. During this period, the creditor can take steps to collect the judgment, such as garnishing wages or seizing assets. If the judgment is not paid within this timeframe, the creditor may seek to renew the judgment for an additional 10 years. It's important to address a judgment promptly to avoid further complications.
"debtors" can never repo cars, LENDERS can, even after you make 'arrangements". As long as you are in "default", they can repo.
The SOL starts when the Lender gets a JUDGEMENT for the balance due.IF the judgment is sold correctly, it can stretch for a long time.
Most such entries remain on a CR for seven years. If the judgment is renewable it can be replaced upon the CR when/if that occurs in which case the seven year time requirement will begin again.
Long term lenders exist to make money. They want their customers to remain with them so that they can earn more interest.
There is no time limit. They may "have" the account forever, but they may only collect on it for seven years from the date of last payment or ten years in the event of a judgment.
In Florida that would be a fairly long 5 years. Medical debts are normally documented in writing. That gives them a fairly long period of time in which to collect. And it will be measured from the last acknowledgment of the debt, payment or letter from the person who owes.