Once a debt is defaulted the balance is due in full. Even in collections, the time is past when a consumer should think of making payments. This is especially true once a judgment has been granted by a court of law. A judgement requires a legal disposition. Paying the amount would not "lift" the judgment. However, upon payment in FULL, the defendant would be able to go back to court to obtain the disposition which is a Satisfaction of Judgment. In order for future credit applications not to be impaired by this issue, it is imperative for the defendant to obtain the disposition, have it recorded in the same jurisdiction as the original filing, and forward a certified copy to all 3 credit reporting agencies. Depending upon the states' laws which govern this judgment, the defendant may be able to have the judgment dismissed with an Order to Vacate Judgment. This would "lift" the judgment, as a judge would declare the legal action invalid. If the debt and the legal procedure were valid, the chances of this happening are slim.
A judgement can be lifted on only after it's payed off.
You can't satisfy a judgment for restitution without paying. That is the exact opposite of what the judgment is for. You can only erase a judgment by satisfying it.
It will start the day you pay off the judgment.
when automatic stay is lifted what can occur to the debtor?
To get an injunction lifted against you in England, you will need to satisfy the terms of the injunction. Usually this means paying the fees and fines.
Yes it does. It shows that eventually you do pay.
Yes, a creditor can garnish wages even if a levy was lifted on the account. This would require a judgment and the court documents.
Paying the judgment will help, but you will have to wait 7 years for the judgment to fall off your credit. Once the judgment is paid, it will show other landlords that you will fulfill your obligations, regardless of the stain on your credit.
you "satisfy" a judgment by paying balance in full or settlement. but understand that once a judgment has been issued by a court then there can be no one else that does this.
You either move to modify, vacte, or alter the judgment or you can file an appeal.
Paying the bill is one way to get the judgment to go away. But, almost 30 years???