How to pay off

[Sky lynx]

Florida. A judgment was entered against me for a credit card debt. I'm judgment proof as am disabled and have only widow's benefits to live on. The judgment was for $6000, double what I owed! Rotten deal, mean judge. Now I want to pay off this debt in cash, as have found a way I could borrow maybe $1500 or $2000. Can I do this, and how would I start? Thank you in advance for any advice.

 

[stephenk]

When was the judgment entered? has there been any attempt by the judgment holder to try and collect on the judgment?

 

[Sky lynx]

want to pay off

Florida: Thanks for answering my request StephenK. The judgment was made in Aug 2003. I received a letter from the attorney the week after that and asked how much a month I could pay. I replied that it would be only $25 per month, and attorney agreed not initiate any collection efforts as long as I sent the $25 monthly. So, that's what I've been doing.

 

[stephenk]

you can negotiate a compromised settlement of the judgment. Be sure you are clear that the money you are offering is for a complete satisfaction of judgment and is not just a payment toward the owed balance.

Confirm all discussions in writing.

 

[Sky lynx]

pay off

Thanks StephenK for advice about negotiating a payoff

 

[JETX]

And make sure that the judgment creditor files a signed 'Satisfaction of Judgment' with the court upon payment, with a copy to you.