Legal credit judgement

A judgment is basically a decision taken by the court. In this situation, a judgment implies that the court shall decide upon the repayment of a debt which has not been cleared by the debtor. The court has to decide upon the amount the debtor owes and the interest he needs to pay on the unpaid amount.

The court can also place a lien against the debtor's real property as collateral for the creditor requiring the judgment to retrieve his money. The court can also issue an order to garnish wages or anything that the debtor possesses in order to clear the debt. But the debtor is also given a chance to appear in the court and explain why the creditor should not be allowed to garnish any possession of the debtor.

Once you get into court there should be an arbitrator there, they will probably put a judgement against you that will lifted once the payments have all be made. The arbitrator should set affordable monthly payments for you, much lower than what the collection agency is demanding. Goodluck, hope you find resolution to your problem.

That is probaly the only way to get a collector to take smaller payments. Can a person get an arbitrator or do they have to wait for the company to sue. Because in the mena time on an amount like this it could really add up in late and over the limit fees.

In my case the court assigned three attornies to be the arbitration team, so I did not have to do anything.

That is good to hear unless you have to pay for three attys. Imagine the fees?

I don't think that I have to pay any of the attorneys, at least I hope not, Ouch, did not think of that.

In my understanding it is very rare to have t pay attny fees in small claims court

best buy credit repair,

I would say that while it does take time to learn the FCRA, FDCPA and your state laws it is not a daunting task. I also believe that everyone should know this information regardless of their credit score or debt situation. Anyone who just assumes that a company or individual providing a service knows more than them and just trusts them blindly is going to get ripped off. Credit repair does involve alot of tedious letter writing and follow up but, it is not a difficult task. Anyone who puts some time and effort into credit repair will get results. Yes, some ppl will rather pay ppl like you and I to do the leg work for them because they value their free time over $$ but, They really should be encouraged to learn the process for themselves.

Yanno, Teach a man to fish......

CMBV I am not even giving bbcr the reply. I don't believe whom ever is even reading these posts and trying to help. I think this is just a free form of advertising.

yeah, I figured that out when I read the same post about 800x after I wrote this.

Me too. I commented on a few and then seen there was still a milion other listings.

Hi Donna:

You can opt for debt consolidation. Debt consolidation can lower your interest rates, and thus it becomes more easier to pay off the debts. Moreover, in debt consolidation, you need to take out a loan to pay off your debts. Thus, you need to make a single payment each month in place of many payments towards the various creditors. You forward the payment to the consolidation company, and they in turn forward the payment to all your creditors.

big pete:

Can you tell your state? Wage garnishment is not allowed in some states.

Liane:

Judgment is reported from the date the judgment was awarded. It stays on your report for 7 years from the date the judgment was awarded.

Thanks,

Aaron

bureaus usually pick up this information on thier own from third party data providers like Lexis Nexis. They like consumers to think they get this info directly from court records, but that's lie and your local courthouse can even verify for you that they don't supply credit bureaus w/ information. so, basically, you don't need to do anything.

do u know where person moved to? if the judgment amount is worth it, then consider having a sister judgment issued in the state where they moved. then you can go after them in that state.

I would think that you could call the court house where they moved to and see if you can file the judgement or a copy of it in that county but my initial thoughts are that the judgement will stick with them where ever they go, you don't need to do anything other wise you will be chasing them forever.

Is there a way you can have the irs deduct and pay you when they file their taxes? Just a thought//??

Hi S.C.,

Yes, some can get a judgment to garnish your wage, and some can win a judgment and put a lien on your property. However, as far as I know creditors cannot do the both on the same debt. Another thing is that wage garnishment is not allowed in some states. So, you can check the garnishment laws in your state.

To stop wage garnishment, and to remove the lien on your property, you need to pay off the credit card debts. If you can't seem to pay off the outstanding debt amount, you can try to settle the debts.

Thanks,

Aaron

Hi S.C.,

I did a bit of googling and found that a creditor can both put a lien on your property, and garnish your wage for the same debt. However, the lien will be removed when the debt gets paid off through garnishment of your wages.

I also noticed another thing. That is as California is a community property state, the creditor may also garnish your spouse's wage. Ina community property state both the spouses are held liable for a debt incurred by the other.

Thanks,

Aaron

Hi S.C.,

Hope that you will be able to solve this problem.

Regards,

Aaron