I have two judgements filed against me in the state of Minnesota. (MN Judgment SOL = 10 years) I have called the courts and they have verified these judgments. Also these judgments show up in all 3 CRAs.
One has been filed by Liberty Credit Services on April 2003.
Total amount: $3200
Liberty recently sent me a letter saying, "Liberty Credit Services Inc will agree to satisfy the above-mentioned account for $2500. Payoff good through the 31st of January 2007. Satisfaction of judgment will be mailed after funds have cleared the bank."
Should I pay balance in full and ask for Paid in full letter or pay settlement amt of $2500? Which looks better on credit report or does it even matter?
Another one has been filed by Afton Recovery LLC on August 2004.
Total amount: $4500
I have sent two certified mail with return receipt letters to Afton Recovery requesting verification of debt & settlement offer but both letters have come back to me. I have called their 800 and their local contact # that I found in the internet, but none of their phone numbers work. I have a feeling Afton Recovery is out of business.
Should I file a motion to vacate the judgment?
Currently I live in California. Since I live in a different state now, could the judgment be enforceable in my current State? [CA Judgment SOL = 10 years]
Is it a good idea first to dispute it with the CRAs saying "I have no judgment due and owing or unsatisfied in the amount of XXXX with XYZ court".
Your responses and any advice in this matter would be greatly appreciated.