Credit Card Debt Judgement Help

If you have a credit card that you have not been keeping up with your payments, it is typically only a matter of time before the credit card company sends your account to collections. Eventually, the credit card company can get a judgment against you to collect the debt. If you are faced with a credit card judgment, it can be a difficult time, but there are ways to deal with it.

Credit Card Judgment

Typically, the process of getting a judgment takes some time on the part of the credit card company. They will first turn your account over to a collections agency to try to get the money. If that does not work, they will then file a lawsuit against you. On the court date, the court can issue a judgment against you. Once the credit card company has this judgment, they have the legal right to try to collect from you in several different ways.

Enforcing the Judgment

Once the credit card company has the judgment, getting the money from you can still be difficult. In some states, you could simply still refuse to pay and the credit card company will not be able to make you pay without taking further action. In some states, the credit card company can take further action to get a writ of execution against you. At that point, they can enforce the judgment by garnishing your wages or levying your bank account.

Payment Plan

If you know that the creditor has filed a lawsuit against you, it is generally in your best interest to go to the court date. Skipping the court date will make it look like you do not care about repaying the debt. When you go to the court date, you can generally set up a payment plan with the help of the court to eliminate your debt. Even after the court issues the judgment, you can work with the credit card company to set up a repayment plan that will work for you and them.

Garnishment

When you fail to show up to court date or fail to set up a repayment plan, the credit card company might move towards garnishing your wages. Once they get the writ of execution from the court, they can work with your employer to set up a plan in which part of your paycheck is sent directly to them. State laws govern how much of your pay can be taken through a garnishment, but this can seriously affect how much money you have to live on.