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I have a judgment against me from when I was unemployed. Just about 2 yrs ago. Now I am working and made payment arrangements with the creditor but the creditor is saying I owe MORE than what the judge order me to pay..like thier fees for admin & filing...and they are tackin on interest after the judgment so I just want this paid..but what am I obligated to pay...the origianl judgment amount? Or everything over & above the judgement amount that the creditor is claiming?
And if I plan to pay this all off..can I ask them for a pay for delete.? IDK if this is possible due to it being a judgement?
HeLp!!
Hello Karma Queen. Welcome to credit magic. I will answer the questions I know but others may have to tackle the others. You can always ask for apay for delete. The creditor does not have to do it but some will consider this if you pay the amount off. As for adding filing fees and interest I think they can but I am not entirely sure on this fact. Others here are more knowledgable on those facts so please be sure to stop in and check your post.
Paying a Judgement
Hi KarmaQueen,
Welcome to credit magic community.
A creditor can add interest and filing fees to the judgment amount. However the amount that the creditor can add, depends totally on the state where you are living. For example, in California a creditor is required to provide the copy of these extra charges to the court to be issued by it. It is also required by the creditor to provide a copy of these charges to the debtor, so that the debtor can file objection if needed.
However I must also add that before you decide to pay the amount along with the interest rates and filing fees, you can consult a lawyer.
If you decide to pay all what you owe you can definitely request the creditor to a pay for delete agreement.
paying a judgement
So if you pay a judgement off does it automatically go off your credit score or does it still stay on there for 20 years? Or is that what a pay to delete agreement is? And Justin you seem so knowledgeable on these subjects, how did you learn all this stuff? Most of it is so confusing to me, that when I read it, it just doesn't register. So many ifs, ands, and buts!!!!
Karma queen this sounds very fishy. You have to pay the judgment amount not more. I would call the AG or possibly use that as leverage. They can do a pay for delete or even settle for less.
After the amount is paid, you can advance the case and have the judgment released.
Ciinamon is correct. Call your states atty general. they are willing to get answers for you and it does not cost you anything because this is what they are there for. One quick call can save you a lot of money. If you need to find your states attorney general look on your state web site or in the blue pages of your phone book. Also your could put it in any search engine, yahoo,google bing, and it would be fairly easy to get the information you need.
judgment
I just paid a judgement that I got by defualt on March 22, 2010 by a former landlord. I sent her two money orders for $1761, the entire amountminus any interest because it has not been a year. Wha tis this about having the case advanced and having the judgement released? Also, I heard if the creditor does not let the court know that I paid I can file a form 11 and request up to half of the debt back. Do you know anything about that?
claiming money paid to a judgement on taxes
I recently paid a $100K judgement. How does the IRS know the receipient got the income and can I claim that paid debt on my taxes?
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