Topic: Debt Judgement
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Answers to Common Questions
What Is a Debt Judgement?
When you fail to pay your credit cards and other debts, they go into collections, at which point creditors will likely begin calling your house and workplace demanding payment. Sometimes, they just give up, but other times, they may take yo... Read More »
Source: http://www.ehow.com/about_6705846_debt-judgement_.html
How to Collect a Debt Judgement
Patience: Typically you have to give them approximately three weeks after the verdict to voluntarily pay the debt, then you can take steps to collect. Wage Garnishment: If you know where the defendant works, you can often garnish their wage... Read More »
Source: http://www.ehow.com/how_4552871_collect-debt-judgement.html
What is a debt collection judgement?
If a creditor has obtained a debt collection judgment against a debtor, the creditor may implement any of the following to be able to collect on the debt owed: 1) Garnish wages 2) Levy bank accounts 3) Seize property or put a lien on the de... Read More »
Source: http://wiki.answers.com/Q/What_is_a_debt_collection_judgement
Featured Content:
Debt Judgement
When you fail to pay your credit cards and other debts, they go into collections, at which point creditors will likely begin calling your house and workplace demanding payment. Sometimes, they just give up,… More »
Source: www.ehow.com
More Common Questions
Answers to Other Common Questions
If someone has taken you to court and won a money judement in their favor the court will issue a judgment lien that can be recorded in the land records against your real property. You cannot sell or refinance your property until the lien is...
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Source: http://wiki.answers.com/Q/What_is_Judgement_debt_on_property
Paying a credit card debt after creditors report a judgment to the bureaus will not remove the judgment from your record. However, a paid judgment status on your report helps if you want to apply for a mortgage or other loan. Creditors are ...
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Source: http://www.ehow.com/how_10060188_negotiate-credit-card-debt-after...
Some debt collectors choose to sue to recover the funds that are owed to them. When a lawsuit is resolved in favor of the debt collector, the court will issue a judgment--in essence, a legal determination that the debt is valid. Judgments a...
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Source: http://www.ehow.com/about_6136201_happens-someone-judgement-debt_...
In good or bad financial times, you may come across debt collectors. Some may harass you by calling you at odd hours of the day, swearing or yelling at you or making threats of violence to get you to pay the debt they say you owe. The Fair ...
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Source: http://www.ehow.com/how_7269474_credit-card-judgement-debt-collec...
When a debtor fails to pay his creditors on time, his debt may fall into default. Should this occur, the creditor has the right to file a lawsuit against the individual. A successful lawsuit results in a judgment in the creditor's favor. Fa...
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Source: http://www.answerbag.com/q_view/2010116
No. The sale of debt is basically a repackaging of it. The legal terms are not changed. Mortgages are the best large-scale example of this. And this would be true of judgments, as well (unless, of course, the creditor is willing to forgive ...
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Source: http://wiki.answers.com/Q/When_debt_is_sold_does_it_end_a_judgeme...
