How do I negotiate a settlement on a default judgement?

Submitted by BGRobinson on Wed, 07/21/2010 - 12:35
Forums

I've received a letter from the attorneys for a CA that they would like to discuss a settlement on a default judgement against me four years ago. The amount they show owed is roughly $12K....they froze three of my bank accounts and accessed roughly $3000 through joint accounts I had with my son and my mother even though the money wasn't mine.

At this point what steps should I take? Anything I should watch out for or that I should ask for? We are in a position that in about 90 days we'd be able to pay about 25% in a lump sum. Any information would be greatly appreciated! I'd LOVE to get this behind me!

BG

Hi BGRobinson,

You will have to remove your names from joint accounts first. Also, talk to the collection agency about payments, and debt settlement. Get the settlement agreement in writing, and pay off the settled amount.

However, can I know how old this judgment is?

Thanks,

Aaron

Wed, 07/28/2010 - 06:35 Permalink

Aaron - thanks for responding, I hoped you would... the judgement is roughly 4 years old, the debt itself I don't know. At the time this occured I didn't know to ask for validation of debt and all that goes with it.

Yes, I've since removed my name from joint accounts, and the legal firm representing the owner of the debt (Unifund) sent a letter last week to see if we'd be willing to settle the judgement, when the money could be expected, etc... and they would take it to the owner to see if it would be accepted. Any ins or outs I should look out for -- what percentage should I ask for to settle this, etc... all information is greatly appreciated!

BG

Wed, 07/28/2010 - 18:30 Permalink

Hi BGRobinson,

Debt settlement is generally done at 40-60% of the debt amount. However, this is in general. You can make your own offer, but the settlement percentage will also depend on the collection agency. Well, whatever you settle for, do remember to get the agreement in writing.

Thanks,

Aaron

Thu, 07/29/2010 - 07:45 Permalink
matzcrorkz (not verified)

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Tue, 08/05/2014 - 23:02 Permalink
SMan (not verified)

Is there a SOL for a Post-Judgment Promotion Lien. Last activity was November 15, 2013. I've head nothing from them since then. They have tried to levy two different bank accounts and had very little in both accounts. What can I do? I'm going through a cancer battle and want to focus on that and not worry about funds being taken that I need for treatment. I live in Kansas. Thanks.

Mon, 06/08/2015 - 14:18 Permalink
Andrewunalo (not verified)

traditions on Belarus

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Wed, 09/18/2019 - 05:02 Permalink
Williamnet (not verified)

Future players

there may be little voices with little hands swinging little clubs. and maybe even big clubs. close (As tall) Golfers may be trucking located on the greens, Laughing or giggling and having fun and very can be not totally attuned to the strict rules of the of kings.

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for almost 15 years, Golf as a whole has been fighting in this country.

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Fort Wayne and the surrounding area have several golf programs aimed at kids and young adults.

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It hard to tell how much of an impact such programs are having here in Fort Wayne, But golf pros are seeing a bit of a renaissance when you are young ones picking up the game.

Getting a ton of little children, gary Gant, A PGA impressive at Chestnut Hills. virtually any place from4 or 5, And then you get groups of junior high kids running around.

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require that program, Dye might not have played four years at Indiana Tech, Where she studied biomedical technological know-how, And she might never at the moment are the 2016 Fort Wayne city tournament champion, equally.

object is, Exposure has become a thing, pronounced Dye, Who managed to graduate from college this year. Think visibility, Just having a program in your city moldova beauty and going to the schools and introducing the sport to kids is a big thing.

simple school, You see basketball or track or volley ball or whatever. You don get the option the game of golf, Dye had said. Lot of kids could possibly play basketball, And that what they going to do simply never got exposed to golf. methods many teach now include using plastic clubs and balls, And the focus might be more on fun than on the score.

Like buttoning a shirt, Gant considered that. Older you will enjoy start late, It hard. If you start out early, It doesn take much at all to start. And let them come out finally, enjoy yourself. Make sure they having fun. Don come out and get disappointed. let them do it come out, Hit some balls and have fun.

With young golfers like Jordan Spieth, Rory McIlroy and Dustin Johnson becoming the new faces of the online game, PGA officials have seen traffic to the corporation website and social media accounts skyrocket, according to CNBC.

by 2015, Millennials made up 28 % of total golfers, with 6.5 million playing 100 rounds in, moldova dating PGA officials said in this article.

already have had a spike in our membership in the 23 to 40 year old group, particularly the mid to late 20s set, asserted Billy Blumenherst, A PGA competent at the private club Coyote Creek.

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