Will the judgment remain active after the SOL period is over?
Date: Fri, 07/12/2013 04:46
I have received judgment for a collection account. The SOL period on the collection account will expire in October 2013. Will the judgment remain active after the SOL period is over? I was planning to sell my house in South Pasadena and pay off the judgment. But, if the judgment doesn't remain valid, then I will not sell my house.
By signing up a debt counseling session, your provided details (Name, Email ID and Phone No.) will be forwarded to the company advertising on the DebtCC. However, you have no obligation to use their services.
Some creditors and collection agencies refuse to lower the payoff amount, interest rate, and fees owed by the consumer.
Creditors/collection agencies can make collection calls and file lawsuits against the consumers represented by the debt relief companies.
Debt relief services may have a negative impact on the consumer's creditworthiness and his overall debt amount may increase due to the accumulation of extra fees.
The amount which the consumer saves with the use of debt relief services can be regarded as taxable income.