| NotMe 2006-08-20, 10:36 pm |
| "Jerry Stuckle"
| >>
| >>| >| Could be. But then he wouldn't have a reason to complain - or get
| >>| >| almost $5K from her, would he?
| >>| >
| >>| > Getting a judgment and collecting are two different events.
| >>| >
| >>|
| >>| A judgment - and especially an unpaid one - is a very nasty black
| >>| mark on someone's credit.
| >>|
| >>| A $5k unpaid judgment could make or break someone's ability to get a
| >>| car, a house, or a line of credit for their business.
| >>
| >>Take my word for it a judgment only slow things down and not by much.
| >>
| >
| >
| > Take my word for it, a judgment really XXXXs your credit.
| Yep, I agree, Karl. In the U.S., someone with an unpaid judgment on
| their credit report will find it virtually impossible to get credit.
| And the person getting the judgment can do all kinds of things to collect.
|
| About the only restriction is in most states you can't take their house.
| But most everything else can be fair game.
Ain't quite so simple for the judgment holder. More so as there is a lot
that can be done on behalf of the person who has a judgment against them.
Much depends on the jurisdiction and the do diligence of the person holding
the judgment.
As example in some areas the judgment has to be perfected. If this is not
done or one step in the process is missed the judgment goes away. Other
areas the judgment goes away over time.
As example there are many things even the IRS can't touch.
|