what happens if I ignore a a judgment for a credit card?

Answer 1

They can file a lien against you with the county. If you own a home, you will have to pay the judgement off before you can refinance or sell your property.

Obviously, it's not terribly good for your credit, either.

Answer 2

They will file a lien and take what ever you have to satisfy the debt.

If you own a home or even have a checking account under your ssn it is GONE.

They will get a order from the court and they will just take it completely under the law with no notice.

The statute is SEVEN YEARS so even if you open a bank account with another bank it is just a matter of time before they find you.

When the seven years is up without collection they will sell the debt to a bottom feeder for a nickle on the dollar or less and they will start to hound you about reinstating the judgement. They will THREATEN and the debt will have grown TEN fold with the interest due.

You won't be able to buy a car, renting will be HARD without a HUGE deposit or co-signer and your life will be a BIT**!

Call the debitor and arrange a payment plan and stick to it. If you have considered going BK, forget it because judgements are NOT discharged under either Chapter 7 or Chapter 11.

Good luck

Answer 3

Here is what happened to me. NOTHING. Now if you try to sell anything like a house or something then they theoretically have a lien on it. Then IF you sold the house the credit people would be the first to get their hands on the money to pay off what you want. Just suck it up for 7 years like I did. If you buy a house, put it in someone else name that you can trust.

Answer 4

They can garnish your wages, file a lien against your home/car, and could eventually ask the court to freeze your assetts (checking/savings accounts).

If they got a judgment, then it must be a valid debt, so there is really no way to avoid paying that debt off.