The effects of a judgment range include garnishment of bank accounts, liens on property, and seizing of property with a writ of execution. Creditors may employ other strategies such as post judgment discovery, in which you will be sent questions regarding your assets or you may be forced into a deposition. You must answer these questions under oath, and if you fail to answer them correctly or at all, then you may be held in contempt of court.
Judgments require immediate attention and assistance from a legal professional. They can last for 10 years and have the may be renewed for an indefinite period. Your credit score will be jeopardized as a result of the judgment. The creditor can continue to collect, so please do not assume otherwise. If you have a judgment against you for a debt, call us so that we can look over your situation. We have defended thousands of consumers that have been sued for credit card debt, and many of them have had a judgment issued against them as well.