Can creditors go after joint tenants?

Can a creditor go after joint tenancy assets? Joint tenancy (with rights of survivorship) is extremely common between spouses and in nearly all cases creditors very little to no rights against property held in joint tenancy between the deceased person and the joint tenant.

Does a credit card judgement ever go away?

In most cases, judgments can stay on your credit reports for up to seven years. This means that the judgment will continue to have a negative effect on your credit score for a period of seven years. In some states, judgments can stay on as long as ten years, or indefinitely if they remain unpaid.

Can a creditor place a lien on a jointly owned property?

If a creditor gets a judgment against your spouse (and not you), can it record a lien against real estate that you own jointly with your spouse? State laws vary widely on the extent of a creditor’s ability to place liens on real property jointly owned by spouses.

Can a credit card company place a lien on my house?

Yes it’s possible for a lien to be placed on your home for certain debts, but a debt collector’s threats to do so may be illegal. Here is what you need to know to protect your property. When can a credit card company place a lien on your property? A credit card is an unsecured debt.

Can a credit card company put a lien on your car in Missouri?

While creditors can attach a lien to your home for unpaid credit card debt, Missouri law does not permit creditors to create a lien on any property other than real estate. Thus, you need not worry about losing your vehicle or other personal property, such as jewelry, over an unpaid credit card debt.

Can a lien be attached to real estate?

The lien might not attach to the real property at all. If you live in a community property state, you and your spouse legally share almost all property and debts.