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    amorc41's Avatar
    amorc41 Posts: 2, Reputation: 1
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    #1

    Jun 5, 2009, 11:30 AM
    What happens after creidt card company get a judgement?
    I'm in Texas as a credit card Company just won a judgement against me. What happens nest? How do they find my bank accounts and what can I do to protect what few assets I have?
    stevetcg's Avatar
    stevetcg Posts: 3,693, Reputation: 353
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    #2

    Jun 5, 2009, 11:35 AM

    It doesn't matter HOW they find your accounts... just that they will. You protect your assets by arranging a payment plan with them or by getting used to living using nothing but cash for the next 20 years.
    DownUnder's Avatar
    DownUnder Posts: 492, Reputation: 24
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    #3

    Jun 6, 2009, 11:43 AM

    Even though Texas does not allow garnishments of wages the judgement can allow your bank assets to be frozen , and as far as setting up a payment plan that should have been done before the judgement was entered because now the company has little reason to work with you. If you have any money in the bank they will find it
    Fr_Chuck's Avatar
    Fr_Chuck Posts: 81,301, Reputation: 7692
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    #4

    Jun 6, 2009, 06:35 PM

    The time to set up a payment plan is long past, but you can try now.

    You take all the money out of any bank accounts and pay cash only or money orders for everything
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