Does a Credit Card Judgment Affect Me?
February 25th, 2010
A credit card judgment is a serious infraction on your credit report and a black mark against your credit history. You will not be able to apply for any other credit until it is paid in full. Your wages can be garnished in increments until the debt is paid. This means an amount will be deducted every pay period.
Laws vary from state to state, but there are no legal reasons prohibiting a credit card lender from garnishing your wages. Simply because you changed residences and now live in a different state from where you first applied for the credit card will not stop a law suit or proceedings to collect this debt.
Your creditor may be able to help you if you speak to them. In some instances, negotiations as to a settlement amount or payment plan can be made if you ask for them. If you have lost your job or be cut back on hours that reduce your wages , talk to them and have all pertinent information like pay stubs when discussing your options.
If you want to appeal before a judge to have the judgment vacated, there are several things you can do. Go to your local small claims court and ask the clerk for a “Notice of Motion To Vacate Judgment.” This form MUST be completed within thirty days of receiving your Notice of Judgment so that it can be time stamped and filed with the proper court.
A clerk will timestamp the paperwork, set the date and time in which you must appear. If you were not aware of the “Notice of Judgment” filed against you, the law also states you have 180 days to file a “Notice of Motion to Vacate Judgment.” A judge may consider your circumstances, but you have to appear before the court to be heard.
Learn how to effectively dispute and erase a legal judgment from your credit reports. See the true story of how judgment victims cleaned up their credit scores at www.creditreportjudgement.com.
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