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The way it is reported is the decision of the credit reporting bureau. It might be listed in different ways on individual reports. Generally it will remain on the report as a " settlement",not as a "satisfied in full."
An annuity settlement is a payment to an individual for a settlement, typically from an insurance claim. It's basically any type of settlement for legal suit or other such cases.
It is possible to get an out-of-court settlement for a credit card. Credit card companies and collection agencies offer a variety of payment and settlement options for the debtor.
A structured settlement is a financial or insurance arrangement whereby payment is made by a series of periodic payments. Structured settlements are now commonplace in product liability or injury insurance claims.
Yes. If a debt is defaulted on, there are several penalties that can be assesed by the collector. They can sue andmaybe received a judgment. Collecting on any judgment, however, is a different matter. Proof of payment to the original creditor would provide an affirmative defense to a lawsuit from a collection agency.
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.
Usually you can work out a payment plan with a judgment creditor. If you do not have the money now, a payment plan (and settlement agreement) is a cheaper and better alternative to the other collection techniques in the Creditor's arsenal.
Has anyone receive any payment for avaandia settlement
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).
The statement, "execution of judgment is stayed until final payment is received at which time judgment will be deemed satisfied" means that the judgment will be held against you until the debt is completely paid off. You can then get a letter of clearance to have the judgment removed from your credit report. Most debts will remain on a credit report for 7-10 years, even after they have been paid and satisfied.
i have a judgment aganst my exhusband but cant seem to get payment even thou i have been to court several times . tell me how i can get this.
No-
This means that the defendants have an opportunity to make payment before the judgement is to be satisfied by the court officers. The person who lost the suit can pay before the judgement before their property starts being forfeited to settle the debt.
Pay it in full, make a settlement agreement to pay a lesser amount in lieu of full payment or file for bankruptcy.
i want to find out about my settlement
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.
This means that the final judgment cannot be heard until all financial obligations are met. This is mainly associated with lawsuits and court related cases.