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A judgment is a court order giving a creditor or someone who is owed money (such as money that was borrowed from a friend) the legal right to collect the debt in accordance with the laws of the state. The term "outstanding" indicates the judgment has not been paid or settled, but is still valid. A judgment that has been awarded to the judgment plaintiff but has not been paid by the judgment debtor.
A judgment that has been awarded to the judgment plaintiff but has not been paid by the judgment debtor.

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โˆ™ 2016-02-19 11:37:37
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Q: What is an outstanding judgment?
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Can a judgment be placed on you due to a deficiency in a repossession?

Yes, the lender can file suit for the outstanding amount and if they receive a judgment they can execute the judgment in the manner in which the laws of the judgment debtor's state allow.


What is an outstanding judgment on a credit report?

An outstanding judgment is a court order that gives a creditor the legal right to collect from a debtor. As court judgments are a matter of public record, a creditor can report the judgment on the debtor's credit reports. An example of a judgment placed on a credit report would be a judgment for eviction. This judgment will remain on the credit report for seven years from the filing date.


Can unemployment benefits can be garnished by outstanding judgment?

Yes, in the majority of U.S. states unemployment benefits are not exempt from creditor judgment action. The usual amount is 10% of the expendable income.


Is wage garnishment for a defaulted student loan considered an outstanding judgment?

In the US, a student loan collection company that is garnishing your wages will already have a court judgment against you. You can get out of the judgment and garnishment by consolidating your loans. Click the link at the bottom of this text box to get help with the consolidation of your loans.


Can a doctor or hospital take a portion of you compensation settlement for an outstanding bill?

Yes, if you have a judgment against you the money you owe can come from any source that you may have.


Does a credit card judgment not allow you to refinance your house because you have a judgment from Citibank and the Loan Officer is telling you that you have to pay this off first?

Yes, all reputable lenders will require the applicant to clear any outstanding judgments before considering approval of a loan.


Can a collection agency have the court garnish your wages in NC for debt owed to a banking institiution?

Yes, provided there is an outstanding judgment against you. Without the judgment, neither the agency nor the original creditor has any recourse for garnishment, and will not be able to obtain an order for garnishment.


How is interest calculated on a money judgment?

That answer will vary from state to state. In California, you can collect 10% per year on the oustanding balance. You take 10% of the outstanding judgment and divided that number by 365 to obtain the daily rate of interest. Multiply the number of days since the entry of judgment. Payments are applied to interest first and then to the principle. The interest is not capitalized.


What is the difference between a Public Record judgment and a Public Record Collection?

The judgment part indicates that the creditor has won the lawsuit and been awarded a judgment. The collection may indicate that the debt is still outstanding or has been paid. Public means, well simply that. Anyone who is interested can find out the information. For instance if there are delinquent taxes, resulting in a lien against real estate.


What does egregous mean?

outstanding, usually in the sense of outstanding mistake or outstanding lie


What is outstanding assest?

outstanding assets


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What will a lender do if someone takes their car overseas and then stops making payments?

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What Emmys is The Marvelous Mrs. Maisel nominated for?

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Who is the grantor in an abstract of judgment?

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What Emmys is Fleabag nominated for?

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What Emmys is Veep nominated for?

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What Emmys is Barry nominated for?

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Does the state of Missouri allow wage garnishment if a repossessed mobile home is sold for less than the contracted amount?

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What is the meaning of outstanding?

That stands out; undischarged; uncollected; not paid; as, outstanding obligations.

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