Stipulation to Judgement

Firstly, don't sign it unless you completely agree that you owe every penny they say you do. Secondly, don't sign it unless you are prepared to abide by it to the letter. One misstep and a default judgment will be granted against you, even without your notice, and enforcement proceedings (such as wage garnishment if applicable in your state, etc., etc.) will begin almost immediately.

Unfortunately, in Mediation you are virtually doomed to follow their terms. The stipulation *is* a good method to get out of having a judgement on your records. But it begs the question: if you could not afford to pay this alleged debt to the point of them taking it to court, then how can you afford it now?

I can afford the payments negotiated now and was unable to at the amounts before. I'm just curious if this will be reported on my credit. They sued right before SOL ran out....so its been 3 years of negative reporting....so I'm curious if it will fall off in 4 years or this Stipulation to Judgment besets that or does it start a whole new reporting of its own....or does it not show up at all on my credit?

The stip is not a judgement, so of course it will not be recorded as a judgement.
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