Not exact matches
For instance, if a creditor such as a
credit -
card company obtains a
judgment against you they can garnish approximate 25 percent of your wages.
Once a private sector creditor (a bank or
credit card company) notifies you that they want to get a
judgment against you, do not ignore it.
While 93 percent of people who are sued for
credit card mistakenly do not respond to a summons for
credit card and end up with a default
judgment against them (according to the New York Times article mentioned below), there is plenty of hope for any «guilty» debtor who answers a
credit card debt summons.
If a judge sides with the
credit card company, he or she will receive a negative
judgment against me.
If the
credit card company or debt collection agency wins the lawsuit and obtains a
judgment against you, they can place a lien on your home.
If you own property and fall into arrears with an unsecured creditor, such as a
credit card or line of
credit, that creditor has the option to obtain a
judgment from court and register a writ
against your property.
If the SOL has not expired, the
credit card company can file a lawsuit and get a
judgment against you for the full amount of the debt, plus interest, penalties, court costs, and attorney fees.
If a
credit card company has sued you, obtained a
judgment against you, a bankruptcy discharge «voids» this
judgment (ie the
credit card company can not collect on it.
Credit card companies have a variety of means at their disposal to pursue the recovery of monies owed on delinquent accounts, the most common of which are debt collection agencies and
judgments against the delinquent cardholder.
Since this week I've been hammering on the Chase IHG Rewards Club and Hyatt Gold Passport co-branded
credit cards, and the value of their annual free night certificates, I thought I'd finish out the week discussing a
card I actually have (
against my better
judgment): the Chase Marriott Rewards Premier Visa
card.
Many of our clients have
credit card debt, IRS debt, foreclosure issues, financial
judgments against them, repossessions, or other business financial problems; and Zooberg Law Firm, P.A. helps every step of the way.
These can include notices from the company or agency owed the debt, such as a
credit card company, followed by delinquency notices from debt collectors, a lawsuit filed
against you and possibly a court
judgment issued
against you.