0
Yes you can always try and see if a creditor will negotiate the debt. When they want the money vad enough they always settle.
Wiki User
∙ 15y ago
Add your answer:
Earn +20 pts
How can you satisfy a credit card judgment?
Your options are somewhat limited. The judgment is a legal determination that you owe the money. You can (1) simply contact the judgment creditor and/or their attorney and tender payment of the judgment; (2) negotiate a payment plan or reduced settlement; or (3) file for bankruptcy.
Can you pay a debt to collector after a judgment?
You can pay the judgement, which will pay the creditor. Or, you can request to pay the creditor directly and negotiate for the judgement to be vacated (removed).
How you you negotiate and settle a NYC dept of labor judgment?
In order to answer this question with the specifics that are asked for,would require offering legal advice, which is not permitted on this site.
Can a settlement be made with a creditor even if a judgment has been made?
Maybe, you would have to negotiate with them and see if they are willing to accept a different offer; if they are not interested then the decision stands.
Will creditors agree to a settlement of a judgment?
Sometimes. Many creditors will allow you to charge off an account, which is to pay a sum of money less than the debt. It's not good for your credit score, but it will satisfy and close out the debt.AnswerMore than likely if a creditor has a judgment out for you, you have lost your chance to negotiate. You should have negotiated before it was taken to court you may have had a better opportunity to settle the debt. Now you have the courts involved and they will ensure the fact that the creditor gets theirs money. How old is the debt?A little clarification, once the judgment has been entered the court will not assist the judgment creditor in collecting monies owed.It is a misconception that not paying a judgment is an act of contempt of a court order, it is not and the consumer cannot be held accountable to the court for the non payment of such.Some creditors will negotiate on a judgment if they believe that there is no way to excecute it in a timely and uncomplicated way.If however, the creditor can execute the judgment as a wage garnishment or bank account levy it is highly unlikely they would be willing to negotiate a settlement.
If you have a judgment against you and cannot pay it all can you settle for less than what is owed?
The party involved can try to negotiate a settlement, but it's unlikely if a judgment has been awarded. Once a judgment is in place the creditor has several options for executing it for payment of funds owed. If the debtor is gainfully employed the creditor will probably enforce the judgment as a wage garnishment and collect the entire balance of the debt.
Can the debtor drop the interest on a judgment or does it have to be paid?
You can negotiate with them, however the decision is theirs and you should get it in writing if they agree to drop it. Do not pay anything, until getting proof in writing.
Can you negotiate a property tax lien judgment?
Yes.. as far as you are willing to pay the tax due.. and if you did not earned just tell the truth so that government will understand the how's and why...
If you have been served notice of a judgment against you can the judgment be dismissed or is it too late?
The defendant debtor can negotiate with the plaintiff creditor up until the time the judge awards a judgment for the debt owed, and sometimes after a judgment has been handed down. Often the presiding judge will request the two parties meet with an indpendent mediator to attempt to settle the issue without it being necessary for the court to make a decision. A judgment is issued after the case has been heard. If the debtor has already received a notice of final judgment that would indicate that the plaintiff creditor has won the case and can execute the judgment in the time and in the way the laws of the state allows. It is in the best interest of the judgment debtor to try and reach a settlement with the judgment creditor. Some creditors will negotiate for a lesser amount even after a judgment award just to have the matter finished, but many will not if they believe they can collect a larger amount by letting the judgment stand. Judgments can be valid 5 to 20 years and many are renewable, they will continue to accrue interest until they are paid or settled and the debtor can end up owing considerably more then the original debt.
How is a civil judgment entered on a credit report?
Credit bureaus contract agencies to search public records. The judgment is then reported to the credit bureau and the notation is placed in the file of the judgment debtor. False/mistaken judgment entries on credit reports are not uncommon and is a major reason why consumer's should check their report on a regular basis. A civil judgment is entered on a credit report 15 to 30 days after a court proceeding. If the judgment is in fact true in nature, you can negotiate with the creditor to pay them on different terms to keep the judgment off. If the judgment is not yours, you will need to find the state and county in which they were filed and dispute this information with all three credit bureaus.
How do you write a sentence using the word negotiate?
We will not negotiate with the terrorists. They negotiate for a raise every year.
What is an example sentence using the word negotiate?
We will negotiate a new price.The United Kingdom does not negotiate with terrorists.The two people began to negotiate and try to reach a compromise.
