Best Answer

You can try to settle the case any time, but each case is different. Unless you file bankruptcy, you cannot force a creditor to compromise a debt. Some creditors will settle debt before it goes to judgment in order to avoid the expense of attorney fees and other litigation costs. Others will get the judgment and try to collect before agreeing to settle. Others won't settle at all. It depends on how aggressive the creditor is and your ability to pay.

User Avatar

Wiki User

โˆ™ 2005-11-15 14:56:50
This answer is:
User Avatar
Study guides


67 cards

selection process for all federal judges

appellate jurisdiction vs original jurisdiction in federal courts

how did the 14th amendment affect civil liberties in the united states

what term describes the view that only fundamental bill of rights protections should apply to the statesย 

See all cards

government vocab

17 cards

adversarial system

affirmative action

ACA affordable care act

Alexander Hamilton

See all cards

US Constitution

20 cards

Which amendment set the minimum age for voting in a national election

Who has the power to approve the appointment of federal judges

Party delegates from which of these groups attend the national party convention every four years

Which branch of the federal government has the power to declare a law unconstitutional

See all cards

Add your answer:

Earn +20 pts
Q: Can you settle a judgment for a lesser amount or are settlements just for before the judgment?
Write your answer...
Related questions

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.

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.

What is the percentage of copper are in pennies before 1980?

The copper content of pennies before 1980 was 95% copper and 5% zinc. The percentages changed in 1982 to a lesser copper amount.

Is there any way to get a civil judgment for credit card debt lowered because of inability to pay when on a pension?

People who have the means have an attorney negotiate with the creditor who will often settle for a lesser amount. You might try contacting the legal department of the creditor (perhaps the person whose name is on the court papers for the credit card company). You could try to make an offer to send a cash payment and see if they will take a lesser amount if you agree to pay it off. Tell them you are on a pension and otherwise it will take you a very long tie to pay it off. It's up to the creditor. No one else can change the amount of the judgment.

What is solute and solvent of gasoline?

a solute is lesser amount a solvent is greater amount..

Can be prepared by adding enough amount of soute in a lesser amount of solvent?

hypertonic solution

Is there purgatory life for the dead before judgment in Catholic church believe?

The Church gives the name Purgatory to this final purification of the elect, which is entirely different from the punishment of the damned. The Church formulated her doctrine of faith on Purgatory especially at the Councils of Florence and Trent. The tradition of the Church, by reference to certain texts of Scripture, speaks of a cleansing fire: As for certain lesser faults, we must believe that, before the Final Judgment, there is a purifying fire.

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.

What is the substance that is part of the solution in the greater amount?

In a solution, the substance of which the amount is greater is called the solvent, and the substance of which the amount is lesser is called the solute.

Compare the mass of iron and oxygen before the reaction with the mass of rust resulting from the reaction?

the mass of the iron is lesser than that of the oxygen so wen combined it creates a generous amount.

What is a Dendritic settlement?

A settlement characterized by a concentrated center of political/economic control that exerts influence over a series of smaller less significant settlements over a a great distance. The further the lesser settlements are from the elite center the less allegiance they have towards their the capital settlement.

What does decreased mean?

Decreased means that something became smaller or of a lesser amount.

What do you do if you have made a large deposit and the bank entered a lesser amount then what you deposited?


What does increase and decrease mean?

Increase means becoming bigger or greater in amount. Decrease means becoming smaller or lesser in amount.

Can the IRS put a lien on your home if you file a quit claim deed and turn the property over to your husband?

If you know you owe taxes you cannot convey your interest in property to avoid a tax lien. It would be quite easy for the IRS to obtain a judgment against you for transferring title to property in order to avoid a lien. It may then add those legal costs to the amount of the lien. You should seek the advice of an attorney before making any transfer to determine what the consequences might be and your options are. Perhaps the amount you owe could be negotiated to a lesser sum.

Does electron has lesser amount of charge than proton?

No, their charge is equal to each other.

What did the know-nothing party support?

for three and a half years i been paying a lesser amount and know he said that i owe him a large amount

What is the law of decreasing opportunity cost theory?

To produce an additional unit of a commodity a nation has to forego lesser and lesser amount of other commodity is known as decreasing opportunity cost.

What is saturation and unsaturation?

solute is present in lesser amount in comparison with solvent no more solute is dissolved in definite amount of solvent saturation

What is solute?

A substance dissolved in another substance, usually the component of a solution present in the lesser amount

Are there more calories in butter or margerine?

it is the same amount of calories, but butter is the lesser of the 2 evils.

Can you put multiple lesser amount stamps on letter to add up to the shipping cost?

Yes, you can.

Why is Saint James named 'the Greater'?

The answer is unknown. Perhaps he was taller that Saint James the Lesser, perhaps James the Greater was called by Our Lord before James the Lesser.

Is there anyway of negotiating to pay less on a collection instead of paying the full amount?

Possibly a lesser monthly payment perhaps, but no reduction in the total amount owed.

What does solute meen?

A substance dissolved in another substance, usually the component of a solution present in the lesser amount.