answersLogoWhite

0


Best Answer

Yes they will! All they want is their money, but they will want it all and 60% is a large start. Just for your information if you had paid what you could honestly afford on this debt then they wouldn't be coming after you. Even if it doesn't meet the required payment listed on your bill as long as you pay something, WRITE THE COMPANY A LETTER (explaining your circumstances) AND SEND IT REGISTERED MAIL AND KEEP A COPY FOR YOURSELF then they can't legally do anything to you. Remember, they want their money and if it takes 10 - 20 years then they'll wait! If you seek legal advice there is a possibility they will take the 60% and run, but if you do it this way your credit rating could be ruined, plus you'll have a lawyer's bill staring you in the face. It's best to try to pay off your debts. Think of it this way: You are a money lender. You loaned a friend $10,000 and they were making payments for a bit, then they just stopped paying. How would you feel? Of course you would want your $10,000 paid off. When you put anything on a credit card or take a loan out you are loaning someone else's money. If you can't pay for something in cash and can't restrain yourself to use your credit cards for emergencies such as mechanical failures to your car, an emergency flight out of the country, etc., then you should tear those credit cards up and the same applies to loans! Marcy It depends upon how they are able to enforce the judgment. If the judgment is used as a garnishment or bank levy, the creditor will be able to recover the entire amount of the judgment, therefore it would not be in their best interest to settle. If the judgment is enforced as a property lien, they may be open to negotiating a settlement.

User Avatar

Wiki User

โˆ™ 2005-11-19 04:13:38
This answer is:
๐Ÿ™
0
๐Ÿคจ
0
๐Ÿ˜ฎ
0
User Avatar
Study guides
๐Ÿ““
See all Study Guides
โœ๏ธ
Create a Study Guide

Add your answer:

Earn +20 pts
Q: Will creditors settle for 60 percent if they already have a judgment against you?
Write your answer...
Submit
Related questions

How do you turn percent into percent?

A percent is already a percent. No need to change it!


How do you turn 555 percent in to a percent?

555% is already a percentage.


Can a lien or judgment be placed against a 100 percent permant and total Combat Veterans home?

Depends on the state that you live in. Talk to an attorney, if the collection people dont believe you're disabled.


Write as a 12.5 percent percent Round to the nearest tenth of a percent?

12.5 percent is already round to the nearest tenth of a percent.


How do you convert 9 percent percent into a whole number?

It is already a whole #


How do you round 5.6 percent to the nearest tenth of a percent?

5.6% is already rounded off to the nearest tenth of a percent.


How do you round 0.75 to the nearest whole percent?

0.75 = 75%, which is already rounded to the nearest whole percent.


How do you make 110994801 into a percent?

One number can not be turned into a % unless you say it is a percent already.


Why are percentages useful in making comparisons?

because in a percentage like 50% against 60%. you already know 60% is going to be the highest comparison because 60 is already greater than 50 and adding a percent % isn't going to change the number


Can you round 325.5 percent to the nearest tenth percent?

325.5 is already rounded to the nearest tenth.


What is round of to the nearest tenth of a percent of 45.2 percent?

But 45.2% is already rounded to the tenths place


What is the percentage of 4.934 percent?

4.934 percent is already a % rate. However, 4.934 percent is clearly written as 4.934%.


What percent of the population are against homosexuallity?

There can be no real answer to this, but only a minority are against homosexuality.


What is 5373727.1 percent as a decimal?

That number is already a decimal.


What is 3 against 9 as a percent?

33.33%


How would you round 14 percent to the nearest hundredth percent?

It already is rounded to the nearest hundredth percent. But if you wanted to indicate that it was, you could write it as 14.00%


What is 45 percent rounded to the nearest hundredth?

It's already there.


What has already killed about 10 percent of the world's reefs?

Pollution.


What is 60 percent of 8.50?

answer this like a boss already peeps!


What is 7.8 percent in decimal?

7.8 is already in decimal form.


What is 45 percent to the nearest hundredth?

45 percent is 0.45, which is already rounded to the nearest hundredths.


What percent of the world is anti-american?

Sixty percent of the world is against America and only ten percent of theAmerican population notice that sixty percent of the world hates them.


What percent of people are against immigration?

we can not tell right know but there are people that are against immigration and some are not


How do you round 000.2 percent to the nearest tenth of a percent?

000.2 percent, which is the same as 0.2 per cent, is already rounded to the nearest tenth of a per cent.


What is the percent of people against selective breeding?

27.3%