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    mace70's Avatar
    mace70 Posts: 2, Reputation: 1
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    #1

    Apr 1, 2009, 05:00 AM
    What happens after a judgement?
    What happens after a credit card company gets a judgement? Can they turn it back over to another debt collector? How long can this drag out? It's been over 2 years now since the judgement.
    JudyKayTee's Avatar
    JudyKayTee Posts: 46,503, Reputation: 4600
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    #2

    Apr 1, 2009, 05:17 AM

    Once they get a Judgment they have no need to use a collection agency - they can collect by any means which is legal in your State, including garnishment of wages, liening bank accounts, liening property. Varies by State but the Judgment is "usually" good for about 10 years with a renewal of another 10.
    mace70's Avatar
    mace70 Posts: 2, Reputation: 1
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    #3

    Apr 1, 2009, 06:08 AM

    What if the debtor is considered uncollectable, then what?
    ScottGem's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
    Computer Expert and Renaissance Man
    		  
    #4

    Apr 1, 2009, 06:58 AM

    The judgement holder will keep it on file and periodically check to see if the debtor's situation has changed. Generally a judgement lasts 7-10 years and can be renewed for at least one more term.
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