0
What does it mean if a credit card company enters a judgment on you?
Wiki User
∙ 12y ago
It means that you have that on your credit report for 8 years and that they have the right to collect the judgment from you.
Wiki User
∙ 12y ago
Add your answer:
Earn +20 pts
Can a creditor go after a corporation to satisfy a credit card judgment?
Only if the credit card is assigned to the business as a company card.
Can an credit card company garnish your wages in Virginia?
Yes, after obtaining a judgment writ from the court.
Can a credit card company freeze your bank account after a garnishment is ordered even if your credit card was not with that bank?
Yes, that is the way a garnishment works. When the credit card company sues you for non-payment of debt, they win a judgment. The judgment can be a garnish on your paycheck or your bank account. It makes no difference who you have a bank account with if they were awarded the garnishment by court.
Credit card debt default and asset seizure?
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.
What do you do next after being served with lawsuit papers from credit card company?
If you are served with lawsuit papers from a credit card company, contact an attorney immediately. If you wait, your time to answer the petition will expire and depending on the state you live in, that credit card company can obtain a default judgment to garnish your wages or your checking/savings accounts.
Can a creditor go after a corporation to satisfy a credit card judgment?
Only if the credit card is assigned to the business as a company card.
When a credit card company is awarded a judgment can you include this judgment on a Bankruptcy in CA?
The short answer to this question is 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.
Does Tennessee allow credit card garnishment?
A person's wages can not be garnished unless a judgment is obtained in court against that person. People get sued all the time for credit card debt. Once the credit card company gets a judgment, then they can garnish wages.
Can a credit card company intercept your income tax refund if you have a judgment against you?
Yes - the refund is an asset - which the card company can use to offset your debt !
Can a credit card company file a judgment lien against your house if there is no equity in the property?
Yes.
Can an credit card company garnish your wages in Virginia?
Yes, after obtaining a judgment writ from the court.
Can a credit card company freeze your bank account after a garnishment is ordered even if your credit card was not with that bank?
Yes, that is the way a garnishment works. When the credit card company sues you for non-payment of debt, they win a judgment. The judgment can be a garnish on your paycheck or your bank account. It makes no difference who you have a bank account with if they were awarded the garnishment by court.
What is status active on a civil jugement by a credit card company?
it means that the judgment is enforceable if they have obtained one on you
Credit card debt default and asset seizure?
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.
What do you do next after being served with lawsuit papers from credit card company?
If you are served with lawsuit papers from a credit card company, contact an attorney immediately. If you wait, your time to answer the petition will expire and depending on the state you live in, that credit card company can obtain a default judgment to garnish your wages or your checking/savings accounts.
Can credit card company garnish wages if you do not show up in court?
I believe that if a credit card company takes you to court and you or your representative (attorney) do not appear, a summary judgment can be issued against you and the court can order your wages garnished.
