scooter2374
Junior Member
What is the name of your state (only U.S. law)? tx
negotiated a lump settlement for some cc debt from divorce.
here is the exact wording:
The parties agree that upon entry of the Agreed Judgment , Bank (USA), N.A. may file an abstract of judgment in any jurisdiction it deems appropriate; however, Bank (USA), N.A. may not seek to execute or collect on the Agreed Judgment as long as you are making your payments. You agree that should you miss any payment and fail to correct that situation within 10 days, then Bank (USA), N.A. would be allowed to seek enforcement of the Judgment without either further notice or demand to you.
what makes me wonder is the abstract of judgment. I know what it is etc, but is it just boiler plate language in the agreement? if they are paid, there should be no reason for it to be filed....or is there a deeper darker meaning for it, such as I pay them, they still file one for court costs etc?
negotiated a lump settlement for some cc debt from divorce.
here is the exact wording:
The parties agree that upon entry of the Agreed Judgment , Bank (USA), N.A. may file an abstract of judgment in any jurisdiction it deems appropriate; however, Bank (USA), N.A. may not seek to execute or collect on the Agreed Judgment as long as you are making your payments. You agree that should you miss any payment and fail to correct that situation within 10 days, then Bank (USA), N.A. would be allowed to seek enforcement of the Judgment without either further notice or demand to you.
what makes me wonder is the abstract of judgment. I know what it is etc, but is it just boiler plate language in the agreement? if they are paid, there should be no reason for it to be filed....or is there a deeper darker meaning for it, such as I pay them, they still file one for court costs etc?