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Can liens be placed on property in North Carolina for non-payment of credit card debt?
Wiki User
∙ 18y ago
Yes, in most cases a lien can be placed against real property belonging to the debtor. If the person is married and it is not a joint debt the property would be exempt from any attempt at forced sale. The N.C. homestead exemption is $10,000.
Wiki User
∙ 18y ago
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What happens if you never paying credit card debt?
You are likely to have your wages garnished. Your credit cards will be cancelled and liens may be placed on property.
Can Liens by credit card companies be placed on jointly owned property?
Yes. My husband had credit card debt from before we got married and purchased out house. It turned into a judgment lien and not it's attached to the house we bought together even though the house is in both our names and I had nothing to do with the credit card.
If you have been sued for nonpayment of a credit card but everything is in your husband's name except your bank account can a judgment be placed against you and can they freeze your bank account?
If the debt is valid and proper legal procedures according to state laws is followed a judgment will be granted if the plaintiff wins the lawsuit (they will). Whether the joint bank account can be levied or other property attached by a lien or even a forced sale, depends on state laws and how the property is titled. For example, if you live in a TBE state, a judgment cannot be levied against a joint marital account, although the creditor might still try. If you reside in a community property state most debts are considered joint and both spouses are responsible, regardless of who is the account holder.
In Missouri is the surviving spouse liable for credit card debt?
The estate is responsible for any outstanding credit card bills. But the assumption is that the wife inherits the husband's assets. One way or another, the spouse ends up paying the debt. The spouse has some right in all real property owned by the husband. If the assets are not enough to cover the debt, the real property may have a lien placed against it to cover those debts.
Can a credit card company put a lien against 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.
Can a lien be placed on property for nonpayment if you have cancelled checks to prove a 5000 dollar loan to a friend?
Yes. Any creditor can file suit in the appropriate court. If the case is won, a writ of judgment can be issued, and a lien can be placed against any real property of the defendent. It depends what state you are in.
If a credit card placed a lien on your property and you sold it for payoff do you still have to pay the lien?
Yes.
Can personal property be levied when a judgment is placed against you for credit card deliquency?
Answer: If your credit card company obtains a judgment against you they may take any property of value that they can find.
What happens if you never paying credit card debt?
You are likely to have your wages garnished. Your credit cards will be cancelled and liens may be placed on property.
Can a lien be put on property you're renting to pay credit card debt?
No. Liens may be placed on property owned, but must be done by via legal judgment.
Can a lien placed by condo assoc on property that is paid for show on credit report?
Yes.A lien is a matter of public record and the credit bureaus will pick it up and add it to your record.
Can a property owners association affect credit score?
Yes. If, for example, you do not pay your assessments, and a lien is placed on your title, the filing is reported to the credit bureaus, and will show up on your credit report. Your score could suffer.
Can a lien be placed on your personal property by a credit card company if the account is in arrears?
A creditor must follow due process as prescribed by the laws of the state where the debtor resides. For a lien to be placed against real property the creditor must first sue the debtor, be awarded a judgment and enforce the judgment as a property lien.
Can a construction lien appear on your credit?
Yes, a construction lien can potentially appear on your credit if it is filed against you. A construction lien is a legal claim placed on a property by a contractor or supplier who has not been paid for work or materials provided. If the lien is not resolved and a lawsuit is filed, it could potentially impact your credit report and score.
When can a sold sign be placed on a property?
when the property is sold of course.
What happens if a person dies leaving credit card debts and they have placed all their property into a non-revokeable trust?
The Trustee of the Trust is responsible for paying the debt out of the trust funds.
Can Liens by credit card companies be placed on jointly owned property?
Yes. My husband had credit card debt from before we got married and purchased out house. It turned into a judgment lien and not it's attached to the house we bought together even though the house is in both our names and I had nothing to do with the credit card.
