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Can a judgment be settled by going to the courthouse and making payment for the judgment amount?
Wiki User
∙ 8y ago
Yes. Then get a letter stating the debt was satisfied and photocopy it. Get a report from each reporting agency, dispute it saying it should say "satisfied"...attach a copy of the letter from court to your dispute letter. Attach the page of your report (photocopy) and highlight the item disputing. Include the case/account number in your dispute.
Wiki User
∙ 8y ago
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What is a judgment on your credit?
A judgment is essentially a lawsuit that has been filed against you for a debt owed by a creditor. This can be filed by anyone you owe money to, including collection agencies, companies, or people you do business with. It can be extremely damaging to your credit score unless removed. You can remove it by disputing it to the credit bureaus. The credit bureaus will have 30 days to verify the listing with the courthouse where it was filed or it must be removed. Removal all depends are age, amount owed, and the which courthouse.
What does writ amount mean?
The amount of a court issued judgment.The amount of a court issued judgment.The amount of a court issued judgment.The amount of a court issued judgment.
What function in excel takes rate payment and loan amount and outputs a monthly loan payment amount?
The PMT function in Excel outputs a monthly loan payment amount.
Function takes rate payment and loan amount and outputs a monthly loan payment amount?
PMT
Can you refinance your home loan even if its got a judgment?
The judgment must be paid from the proceeds of the refinance. That amount will be deducted from the funds paid over to you.The judgment must be paid from the proceeds of the refinance. That amount will be deducted from the funds paid over to you.The judgment must be paid from the proceeds of the refinance. That amount will be deducted from the funds paid over to you.The judgment must be paid from the proceeds of the refinance. That amount will be deducted from the funds paid over to you.
Can interest continue to be charged on the principal amount of a judgment which has a court approved payment agreement?
Yes.
How can you clear up a judgment?
If the judgment is accurate: Locate the jurisdiction (the county courthouse) it was filed in. Pay the balance, or show proof of payment. The court clerks should be able to advise you on the procedure to obtain a "Satisfaction of Judgment" which is the proper legal disposition for a judgment. After you have obtained a satisfaction, have that document recorded. Send a certified copy of the satisfaction to any credit bureau showing the judgment. If the judgment is not accurate: Order your credit report from all three credit reporting agencies. Once you have a report, follow the procedure listed in that report to dispute the inaccurate information. I don't have an answer but rather another question. Can payments be made on the judgement or do you have to pay the whole amount at once?
When the credit bureau report updated on a judgment exactly what could they have updated on a judgment that was filed 4 years ago except paid?
If it was not paid in full or settled, the judgment may have been renewed by the judgment holder. Most judgments are renewable and can be kept on a credit report for an undetermined amount of time.
How do you Dismiss the judgment?
If a judgment has been recorded against someone, that person must pay the person holding the judgment the full amount of the judgment plus interest unless some lesser amount is agreed upon. When te payment clears, the judgment holder gives a document called a Warrant of Satisfaction (or some similar term), which the debtor sends to the state office where the judgment is recorded. That office will file the Warrant and the judgment will be released. It is never "dismissed". It is just paid and satisfied.
When are civil suits paid?
When the Defendant has the money! Joking, of course. This question leaves out a lot of information. Is there a settlement, a judgment, an appeal? Generally, if there is a settlement, the agreement itself dictates when payment is to be made. If there is a judgment, the Plaintiff has many tools to effectuate payment, if the Defendant is not forthcoming with the payment. If the Defendant appeals the judgment, then the Plaintiff will generally have to wait until after the appeal is heard - but this is usually ok since the Defendant will usually have to file a bond in the amount of the judgment to file the appeal (which secures Plaintiffs' damages, should the appeal fail).
How does one become clear of a civil judgment?
Pay it in full, make a settlement agreement to pay a lesser amount in lieu of full payment or file for bankruptcy.
If your checking account is frozen because of a judgment do you have to pay the entire amount or can you settle?
That's at the discretion of the party who won the lawsuit and had the judgment enforced. In general creditors are only open to a settlement/payment agreement before a lawsuit is undertaken.
Will a lawyer settle on a judgment that is 4 years old and already included in a chapter 7 and released and remove a lien on your property and if so what should you offer?
The judgment and the lien may reflect two different debts. Normally you cannot include a judgment in a bankrupcy or amend the amount to be paid since it is a court ordered payment to be made. You need to pay the court and get a paid receipt for the judgment. The payment of the lien would be reflected in a release of the lien for that property.
What is a judgment on your credit?
A judgment is essentially a lawsuit that has been filed against you for a debt owed by a creditor. This can be filed by anyone you owe money to, including collection agencies, companies, or people you do business with. It can be extremely damaging to your credit score unless removed. You can remove it by disputing it to the credit bureaus. The credit bureaus will have 30 days to verify the listing with the courthouse where it was filed or it must be removed. Removal all depends are age, amount owed, and the which courthouse.
Can you pay the amount of the judgment and stop the judgment before the court date?
A judgment is awarded after a lawsuit has been won. If this is an issue of paying a defaulted debt before the lawsuit is heard then it is quite possible . The majority of lawsuits of all types are settled out of court. Of course it is always at the discretion of the plaintiff on how they wish to handle the issue.
Can a dealership file repo on you if you didn't make a down payment?
If the dealership holds the title (Buy Here, Pay Here) then yes. If the bank you financed it with already has the title and you have your tags, then no. The dealership can, however, place a judgment on you for the amount of the down payment.
Once a credit card judgment has been placed in your name can you ignore it or do you have to pay it off?
If a judgment has been placed against you you will have to pay it off. You should probably contact the credit card company and see if you can work out a reduced payment or if they will forgive a certain amount of it.
