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Answered 2011-09-12 23:13:36

The only thing you can do is to make an offer to the person or agency that hold the judgment against you. But you should know that they do not have to accept your offer.


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1-you're not paying lots of interest charges 2 helps to keep debts under control

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.

The advantage of a person paying with a lump sum is that it will affect the interest that a person will pay on the money they have borrowed. Paying a lump sum will also help a person because a person will pay less on their interest and mortgage.

Generally, yes. But those holding the judgment may well come after the money...and hiding it from them can tuen to criminal charges. Not paying what you are required to has a way of ggetting worse, and worse.

Yes you can. If you have the funds available, you can pay off the whole balance before the 'dues date' - and accrue no interest or charges.

vandalism charges are paying £0.01p for a fine

The penalties by paying on time. The interest by paying it off.

If it was a tax judgment that is 14 years old, you are also probably paying off fines penalties, and interest costs.

I assume the judgment is against you. If you held the judgment, you will have received money and that may or may not be income. If you pay a judgment against you, whether or not you can "write it off" will depend entirely on what kind of judgment it is. Also, you may be able to write it off for state tax purposes but not federal and vice versa. Usually, paying most judgments does not affect taxes.

Your specific question and situation requires a legal opinion. This answer is a general one only. That having been said... Judgments, being legal actions, usually accrue interest according the terms set by the judge when the judgment is granted. So paying the creditor would not stop the interest unless that continency was covered in the disposition.

By paying the entire balance on the card, in one shot, you avoid interest rates. There's no other way.Credit cards are designed & prepared to bill you interest, or finance charges (whatever you want to call it) every month until you debt is paid in full. The sooner you pay off the debt to the credit card, the faster you eliminate fees, interest rates, finance charges etc.

Yes if they have been awarded a court judgment in that state. This means that you CANNOT sell this home without first paying off the judgment plus interest accrued since the judgment was first awarded. There is no time limit on how long a lien can stay on a property.

By paying down the principle you decrease the amount of interest you pay on the loan. This will save you considerable on interest charges over the life of the note. If you simply pay an additional amount on the loan each month, over and above the required payment amount, you will also pay the loan off in a shorter period of time.

If the total interest expense is included in the loan balance, they you'can't pay off the car without paying interest.

If you repay your loan before the interest comes due you will be probably be paying no interest on your loan. You will probably only be paying off the principal.

You will end up paying round about 10% interest all together so not much at all by the end. You would end up paying not too much less as your interest will go up slightly over time whilst still paying.

Yes, paying off your mortgage will be a great idea! You will save all the interest that is left in the remaining years!

It would still fall under civil law, but "just" a civil case could mean a serious judgment against you, garnishment of wages and possible jail should you not satisfy the judgment. Non payment of creditor judgment is not a criminal offense, therefore the person could not be incarcerated. A judgment is not a direct order of the court, once the judgment is rendered it is entirely up to the judgment creditor to collect the debt owed the court will not assist in the action. However, a person who receives goods, services or cash without intent to repay the debt incurred can be subject to charges of intent to defraud, such charges are criminal and can result in large monetary fines and imprisonment.

Was there a special provision which stated all additional interest charges required to be paid when you bought the car? If not you don't pay the interest if you pay the loan off early.

Paying off your loan BI_WEEKLY shortens the interest on your loan. It's important because the first (many) years ---- you're paying on interest, not principal. By paying "bi-weekly", you're paying more on principal than interest. Which means that you're paying less on interest and more on principal, which will shorten the length of your loan obligations. Good luck --- JIM

One person (or organisation) pays interest to another - who earns it.

If you are receiving interest on an assett, a higher interest is better. If you are paying interest on a debit, a lower interest is better.

Yes it does. It shows that eventually you do pay.

Letting the judgment come off would save you some money. However, it is important to note some states allow judgment suits to be renewed once or even several times. Check into your state laws. If the judgment is renewable and the creditor decides to renew, paying the judgment may be in your best interest of your credit worthiness.

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.

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