2006-11-28 09:55:31 · 12 answers · asked by ? 2 in Business & Finance ➔ Credit
It has already been on my credit for 7 years and the judgement just expired in August. It was supposedly money left over after a repossesed car was sold.
2006-11-28 11:08:22 · update #1
Judgments can be renewed if they get old. You'll want to see a lawyer if you think it is too old, but it is likely too late to dispute the actual debt. (Unless service was not perfected, etc. - (don't expect to win this))
See a lawyer if it's a chunck of change. Otherwise, I'd expect to pay up until it's paid.
2006-11-28 12:09:56 · answer #1 · answered by Anonymous · 0⤊ 0⤋
You had six to seven years to do something about this. Now you have no other option but to pay through garnishment and you have ruined your credit for a very long time. Even, potential new employers (for better employment) may be wary of you as a dependable person.
It is a difficult lesson to learn, but at the very least, you will know know how to deal with such matters in the future. We all go through some financial difficulty at one time or another, so the thing to do, is to always make every effort to resolve the problem before it gets out of hand.
2006-11-28 10:00:13 · answer #2 · answered by Notorious 4 · 0⤊ 0⤋
A judgment can be enforced for 10 years and then renewed for another 10 here in California. It is the one form of derogatory account that can haunt a consumer for a long time....longer than a BK by far. Not much you can do about the garnished wages.
Here is some additional info. Hope this helps.
2006-11-28 11:19:18 · answer #3 · answered by Anonymous · 0⤊ 0⤋
No, if the card was in her name only you cannot be garnished. I doubt that the case will be dismissed though- they will just get a judgment on her. Then if & when she does get a job they will garnish up to 25% of her pay. Also the $900.00 will increase due to additional interest, late fees, court costs & legal fees. It can easily double or even triple. Best to try to make small payment arrangements before they sue. By the way, $900.00 balance hardly ever gets sued for- they may be just trying to scare her.
2016-05-22 23:21:18 · answer #4 · answered by Anonymous · 0⤊ 0⤋
Pay it, If its a big amount take out a loan. Judgment usually have a 12% int rest rate. You cant do anything. I could be 20 years later when you have judgment you open yourself up for a Garnishment. They will take 25% of your monthly income. That's about a check a month.
2006-11-28 11:19:07 · answer #5 · answered by mexchick316 3 · 0⤊ 0⤋
Depending on how steep of a charge your judgement is...you can either voluntarily make a payment plan to suit your needs or look into the expiration date of which they can no longer hold you accountable.
2006-11-28 10:00:45 · answer #6 · answered by pheobe920 1 · 0⤊ 0⤋
most judgement last ten years grin and bear it they take 25% of you check. If you file bankruptcy or get state aid you can get it stopped. But if you let it run it's course make sure you get a copy of a fullfilled judgement to take to the clerk of courts to get it cleared up on you record.
2006-11-28 12:08:23 · answer #7 · answered by MICHELS2 2 · 0⤊ 0⤋
You will need a lawyer at this point. Hire one and have him or her contest the amount of garnishment. Depending on your state it can be high, like 25%. Tell him or her you can't afford that and they can get it down for you.
2006-11-28 10:11:07 · answer #8 · answered by Kevin K 3 · 0⤊ 0⤋
If you owe it -- pay it! I'm sure 'they' gave you ample opportunity to pay before seeking legal remedy. If the judgement is for child support, you should be ashamed of yourself.
2006-11-28 10:04:40 · answer #9 · answered by muffin 2 · 0⤊ 0⤋
if it is alot you could go bankrupt, Bankruptcy takes care of those judgments. But work with them first, use bankruptcy as a threat or bargaining tool. If you go bankrupt the will get nothing
2006-11-28 11:14:43 · answer #10 · answered by Anonymous · 0⤊ 0⤋