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

    Aug 20, 2007, 09:33 AM
    Judgements and liens on property
    Great Site!
    I want to make sure I understand posts I have read on this subject.
    Before a credit card co. can place a lien on property they need to go to court and get a judgement. Is this correct?

    Thank you for all the information contained on this site.

    James
    ScottGem's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
    Computer Expert and Renaissance Man
    		  
    #2

    Aug 20, 2007, 09:44 AM
    Before a credit card company can do ANYTHING to collect money other than ask you to pay, then have to obtain a judgement. Whether it's a garnishment, attachment, lien or whatever.

    Also, since credit card debt is unsecured, its harder to obtain a lien against real property. Usually they can only attach cash assets.
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