A judgment is a court order that lets a debt collector take specific action to collect your debt. If a debt collector sues you and wins a judgment, you could face any of the following consequences:
- Wage garnishment
- Bank levy
- Property lien
If you receive a notice stating that a creditor or debt collector intends to sue you for a judgment, it’s important to respond. Ignoring the lawsuit could result in losing by default and owing even more money.