If you live in North Carolina and a credit card debt judgment was issued how can they collect from you?
The state does not allow wage garnishment for creditor debt. The judgment can be executed as a bank account levy (including joint accounts), seizure and sale of non-exempt property belonging to the debtor, liens against real property. N.C. as most states has 'loophole' laws that can prevent the forced sale of a primary residence if the homestead exemption is not sufficient to protect the property.
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\n Answer \n. \nNo. A collection agency has no legal authority. They can refer the account to a collections attorney who can then file a lawsuit for the debt owed.\n. \n…Yes! A collection agency has the right to file a lawsuit as the assigned creditor under the agreement that you signed when applying for the credit card.
Answer . Generally you cannot have a judgment against you unless the plaintiff has given you proper legal notice of the lawsuit and you havehad an opporunity to defend your…self. If you know you have been sued, you can review the court file to see if a judgment has been entered. Judgments sometimes end up on credit reported, so you can check you credit report. You can also pay for a search an any number of websites that collect and sell information like this from public records. Finally, you can got to the court house and review any cases that involve you to see if any of the cases has a judgment in the file. You will also receive legal notice of the judgment creditor garnishs your wages or puts a lien on your property.
Answer . \nYes, 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.
Can a collection agency put a judgment against you for an old credit card debt that is 10 years old?
Answer . \nYou need to have a look at the relevant legislation in your state to ascertain where you stand.\n. \nI would suggest that you contact a financial counsellor who… would be familiar with laws in your state to discuss your options.\n. \nIn Victoria, Australia, debts are statute barred after 7 years - UNLESS one makes a payment on demand thereafter, in which case one is again legally liable for the debt that was incurred.
Does it affect your credit score if you don't have any judgments or collections on your credit report but you do have a lot of credit card debt but always pay on time?
Answer . \nYes, current debt and payment history are significant factors in credit scores. Credit scores are generated by software that considers ALL the data in your file…. The method of calculation is secret, proprietary and extremely complex.\n. \nIt's good that you have no derogatory data in your file. Your score should be near the national average. There are ways to increase your score. Lowering the ratio of credit used (your balances) to your available credit (your credit limit) should yield significant points. Avoid inquiries, continue to pay in a timely manner and aim for a good mix of account types.
Answer . \nNo, they can only be garnished for taxes, government services and child support arrearages.
If a judgment has been filed against you on a credit card debt in the state of texas legally what can they do to collect the debt?
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.
If you are interested in obtaining disability benefits from Social Security, then the local Social Security office can give you the forms you will need to complete with your D…r.'s help. They can also explain the process and steps that you will go through. Your local court house keeps law books for research, they should contain a complete section on Social Security Disability Rules and Regulations. As for the credit card debt, I don't understand what you are asking for, maybe you could reword the question.
STATUTE OF LIMITATIONS (IN YEARS). Open Account: 3 . Written Contract: 3 . Sales (UCC) Contract: 4 . Domestic Judgment: 10 . Foreign Judgment: 10 . BAD CHECK LAWS (CI…VIL PENALTY) 30 day written demand lesser of $500 or 3 x check amount, but not less than $100.. GENERAL GARNISHMENT EXEMPTIONS 100% of last 60 days' earnings for family support. Garnishment only by political subdivisions for taxes, ambulance fees, etc
No they can not issue a warrant for your arrest. Any collection agency that does should be reported immediately to the proper authorities. They will be fined and will lose the…ir license to collect. However, collection agencies can refer your debt to a law firm that specializes in civil claims regarding credit card debt. Those firms can in turn send notices that threaten to file civil suits in a court that covers your city.
A debt collection company is trying to get a judgment against me on a credit card i had't paid on since 2001' what is the statute of limitations in Kentucky?
5 years on an open account. This is a credit card or revolving account. Statute begins tolling from when the cause of action began -- when the individual breached the terms an…d conditions of the contract. Beware that may credit card companies have very precise contracts that people agree to when they open the account. You may have agreed to have the dispute settled using the laws of another state (choice of laws). If the statute has tolled, and you reaffirm the date by taking any actions(such as payments, etc), you may have started the clock again.
The estate is responsible for the decedent's credit card debt.
If a judgment has been filed against you on a credit card debt in the state of Georgia legally what can they do to collect the debt?
They can hold your pay or reposes your personal belongings.
In most cases they will be held responsible. The spouse is considered to have benefited from the debt.
No. The person named on the credit agreement is solely responsiblefor all debts incurred on the card. The only exception is - if theaccount is in joint names - and BOTH partie…s signed the agreement.In that case - each signatory would be equally responsible for thedebt.