Yes. If the creditor wins a lawsuit against the debtor a judgment is entered in favor of the creditor. A judgment can be executed against any non-exempt property belonging to the debtor including but not limited to the placing of a lien against real property. In most situations a lien is possible regardless of the status of ownership of the property, with the exception being marital property held under TBE laws.
no credit card debt is unsecured they do not normally go after you home but it depends on which state you live in, they can file a lawsuit to collect the debt, which can turn into wage garnishment.
Credit card companies will not generally be able to put a lien on your house for unsecured debts. There may be some exceptions to this, but this situation would be rare.
Yes if they are awarded a judgment in court.
In this state a credit card judgment can not put a lien on a house. Other answers indicate that in other places it can. You will need to find out about the law in your area.
Yes. It can sue you in court, obtain a judgment lien and record it in the land records. You could not sell or mortgage the property until the lien is paid.
it denotes the amount of unpaid purchases on the card.
No.
as long as it remains a part of your credit report, 7 years.
They can sue you, the results can lead to jail time for fraud or allow them to place a lien on property or to garnish wages. They can place a lien on property (depends on the agreement you signed). They can make an adverse entry in the credit reports.
During events of emergencies such as car accidents, personal property damages or getting too sick, some credit card companies offer supplemental insurance for credit card. The case of being sick with unpaid credit cards will be handled accordingly with applicable laws.
Yes, the agreement includes their ability to sue you for unpaid bills.
Only the card expires, not the line of credit it is attached to. So interest will still accrue on the unpaid debt.
sure they can but they cant collect or that is what happens in texas they can get an injunction against you but that means you have to pay them but not when Absolutely. You own them the money and they can hire an attorney or sell the debt to a collection agency.
y bro
unpaid credit card bill in the phils. can affect your police clearance and nbi?
Answer: If your credit card company obtains a judgment against you they may take any property of value that they can find.
The credit card company will pursue you for the unpaid debt, usually they will get a court order which will give you a very poor credit rating for several years