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Hi,
In 2004 my wife to be had a civil judgment filed against her from a credit card company, the judgment was for $5000. We have not heard from the company for 6 years. We have been working on improving our credit.
So, I called the credit card company and they forwarded our call to a lawyer's firm. They told us that because of interest the debt was now $8000. I told them I would be able to pay the debt of $4000 in full if they would remove the mark from my wife's credit report. They told me they were authorized to reduce the amount to $4500 but they could not remove the judgment from her report.
So, please tell me is it in my best interest to pay the $4500 and have the judgment updated as paid/satisfied.
Thank you