Legal Question in Credit and Debt Law in New Jersey
Credit Card Debt
i thought a unsecured credit card from a bank could not be collected on. is this true? they say they can take me to court, and get a judgement.
Asked on 1/13/09, 12:13 pm
1 Answer from Attorneys
Tina Amodeo
Law Office of Tina Nielsen Amodeo, LLC
Re: Credit Card Debt
Yes, they can. An unsecured debt can become "secured" if a creditor goes to court, obtains a judgment and then has the judgment docketed in the Superior Court in Trenton, New Jersey. At that time, the judgment will attach as a lien on all property owned by the debtor in the state. The judgment will not necessarily have priority over other secured debt, though. For example, if you purchased a property with a mortgage loan, that mortgage will take priority over the judgment.
Answered on 1/13/09, 2:07 pm
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