What kind of legal action can a credit card company take and what does a judgement mean?
Asked on 4/05/10, 3:20 pm
1 Answer from Attorneys
Robert F. Cohen
Law Office of Robert F. Cohen
A credit card company can file suit against you to collect the money owed, interest on the money owed, and attorney's fees. A judgment means that the credit card company is now entitled to collect the money awarded by the court, plus interest accruing on that money. It can levy against bank accounts, wages, real property, and any other of your assets.
Answered on 4/10/10, 4:53 pm
