How long does a Judgement lien last in Georgia?
How long does a Judgement lien last in Georgia?
seven years
How long does a judgment lien last in Georgia? A judgment lien in Georgia will remain attached to the debtor’s property (even if the property changes hands) for seven years (whether the lien is attached to real estate or to personal property).
How does a credit card company obtain a judgment?
In order to obtain a judgment, the credit card company must first file a lawsuit against you in a civil court. The creditor’s attorney will file a document called a complaint and deliver the complaint to you.
What’s the Statute of limitations on open credit cards in Georgia?
Under O.C.G.A. § 9-3-25, the statute of limitations on an open account (i.e., credit card) is 4 years. However, the Court of Appeals of Georgia held in Hill v. American Express that a credit card contract is a written contract, and not open. This 2008 decision may or may not set precedent on all state courts in Georgia.
What’s the Statute of limitations on a judgment in Georgia?
Each state has is own statute of limitations on contracts and judgments. Under O.C.G.A. § 9-3-25, the statute of limitations on an open account (i.e., credit card) is 4 years. However, the Court of Appeals of Georgia held in Hill v. American Express that a credit card contract is a written contract, and not open.
When do you get a default judgment on a credit card?
Getting a Default Judgment. If you do not file an answer to the complaint within the response period, you lose the right to challenge the creditor’s lawsuit. If the creditor presents enough evidence to the court showing that you owe the debt, the court will grant a default judgment.
What can a credit card company do with a judgment?
A judgment gives the creditor the right to use additional collection methods to collect the debt owed to them. For example, if the credit card company proves to the court that you owe $5,000, a court may enter a judgment saying that you owe $5,000 (plus costs and interest). The creditor may then use the additional collection methods to get paid.
Under O.C.G.A. § 9-3-25, the statute of limitations on an open account (i.e., credit card) is 4 years. However, the Court of Appeals of Georgia held in Hill v. American Express that a credit card contract is a written contract, and not open. This 2008 decision may or may not set precedent on all state courts in Georgia.
Each state has is own statute of limitations on contracts and judgments. Under O.C.G.A. § 9-3-25, the statute of limitations on an open account (i.e., credit card) is 4 years. However, the Court of Appeals of Georgia held in Hill v. American Express that a credit card contract is a written contract, and not open.
Getting a Default Judgment. If you do not file an answer to the complaint within the response period, you lose the right to challenge the creditor’s lawsuit. If the creditor presents enough evidence to the court showing that you owe the debt, the court will grant a default judgment.