What is a debt judgment?

Answer If you owe money, your creditor has the right to collect that money. One way for a creditor to do that is to get a judgment against you. The creditor simply needs to prove in court that you still o... Read More »

Top Q&A For: What is a debt judgment

How long after a credit card debt judgment can a debt be collected in Michigan?

The statute of limitations on collecting a judgment in Michigan is 10 years. Keep in mind that if the debtor is paying off the judgment in installments, the statute of limitations is put on hold du... Read More »

How long after a debt judgment can a debt be collected?

After a debt judgment (a court order recognizing your debt and ordering you to pay it) the debt may be collectible indefinitely. The statute of limitations for debts varies by state, and is as low ... Read More »

What Happens When Someone Has a Judgment on Your Debt?

Creditors attempt to collect debts from consumers in a variety of ways. Some may send numerous debt collection letters, others may call repeatedly and some companies will use collection agencies to... Read More »

What Happens When a Credit Debt Judgment Happens?

Credit cards provide a rapid and convenient way for consumers to make purchases. Unfortunately, that same speed and convenience makes overspending more likely. If an individual fails to keep close ... Read More »