Judgement

I settled an account with a judgment for 27% of the balance during my last month at my debt settlement company (as an arbitrator if you couldn't tell lol). It certainly is possible, the key in all negotiating is breaking through the collector's initial BS about aggregate, certain levels, etc. The reality is that he may not be cleared to accept payments below 50% of the balance, but his supervisor may be able to at 40%, and his manager at 30%... so you have to be firm, and fax in the offer or mail it once a month for quite some time. Reject offers that are too high.. once they know you have money available, they will eventually try to get it or apply it to a better settlement. Sometimes it just involves talking to a different collector. Drive home the settlement you want through letters mailed and faxed. Offer less than what you want to settle for, because most settlements are a compromise.

One thing to be careful of on judgment accounts is getting an execution of judgment, which can be garnishment or bank account levy. You might want to check with a business or civil lawyer to see if that is something you need to address.

Oh and if it has a judgment it's most likely with a 3rd party, thats who you want to work with. They will be "assigned" to negotiate on the account, probably some little debt 1 right?