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    mugzy's Avatar
    mugzy Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Oct 19, 2008, 05:38 PM
    Credit cad judgement
    Can a creditcard judgement make you refinance your home
    Fastfun1's Avatar
    Fastfun1 Posts: 80, Reputation: 11
    Junior Member
    		  
    #2

    Oct 26, 2008, 04:45 PM

    I believe you are asking whether a creditor is able to use your home as recourse for your default obligation. Each state has its own set of laws... realistically, the creditor could place a lien on your home for the balance owed. The lien would have to be satisfied at the sale or refinance of the home.
    Fr_Chuck's Avatar
    Fr_Chuck Posts: 81,301, Reputation: 7692
    Expert
    		  
    #3

    Oct 26, 2008, 04:59 PM

    No they can not make you refi, they may or may not be able to put a lien on your home depending on your state law
    jwyatt 123's Avatar
    jwyatt 123 Posts: 2, Reputation: 1
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    #4

    Aug 6, 2009, 05:52 AM

    Can a credit card judgement get a portion of my pay check
    jwyatt 123's Avatar
    jwyatt 123 Posts: 2, Reputation: 1
    New Member
    		  
    #5

    Aug 6, 2009, 05:54 AM
    What can a credit card jugement do to me
    DownUnder's Avatar
    DownUnder Posts: 492, Reputation: 24
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    #6

    Aug 6, 2009, 10:46 AM

    First of all you should start your own post,but to answer your question if your state allows yes a judgement could mean a garnishment of your wages and also they could attach your bank account now with that being said a judgement will stay on your credit report for at least 10 years and in some states can be renewed for another 10 and not to mention your credit is shot and if you are lucky to get credit for a car etc, the interest rate will be extremely high. Oh yea, the company with the judgement will hound you until they get there money you will see no peace!
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