Skip to main content

Debtconsolidationcare.com - the USA consumer forum

Old judgements from previous business

Date: Thu, 02/05/2009 - 10:03

Submitted by anonymous
on Thu, 02/05/2009 - 10:03

Posts: 202330 Credits: [Donate]

Total Replies: 2


I have spent the last several years cleaning up my credit and have my score into the mid 600's. I see today that the tax liens are gone as reported however I have 2 remaining judgements from creditors. Do I negotiate a pay off with the creditors to remove them also? I don't know anything about judgements.


Judgments aren't reported by the creditor, they're reported by the court itself. So you can't really negotiate to have a "judgment" removed. Albeit when paid and the creditor files a satisfaction with the court, then your credit should be updated as a "paid judgment." To remove it completely, you'd have to dispute it with the court and get them to remove it.

You could negotiate for a creditor to remove its own tradeline.

As far as guest above said re settling less than full, it all depends on the collectibility of the judgment. If the creditor don't know where you work, or if your income is exempt from garnishment, they might just settle for a lesser amount because they'd rather get something over nothing.


lrhall41

Submitted by DebtCruncher on Thu, 02/05/2009 - 19:40

( Posts: 2293 | Credits: )