I know other collection accounts can, but what if they sued you?
2007-02-02 17:37:15 · 5 answers · asked by Anonymous in Business & Finance ➔ Credit
You can try and negotiate ANYTHING, but the problem with a judgment is that a court has already agreed with the plaintiff that you owe that amount of money.
The time to negotiate is before court, not after.
The person or entity that got the judgment against you knows that they are in a position of power - since it shows on your credit report and nobody is going to extend credit to you while that judgment is out there.
As a rule, I NEVER accept a settlement offer on a judgment, because I know I will eventually get the full amount.
Sorry!
2007-02-02 23:59:51 · answer #1 · answered by Pugsly 2 · 0⤊ 0⤋
Anything CAN be negotiated, but the real question is, WILL they negotiate with you on a judgement. Answer, probably not. At this point, they have no reason to. The judge has said they are right, you are wrong, you owe them money. If you don't pay, they now have the legal right to garnish your wages and use any other means necessary to collect from you.
2007-02-02 17:50:18 · answer #2 · answered by Brian G 6 · 0⤊ 0⤋
You are playing with a very crappy poker hand.
The purpose was to negotiate BEFORE the court system and extra lawyers got involved.
You can try to negotiate AFTER the fact, but you aren't playing from a position of power any longer. Any agreements made need to be in writing and ultimately blessed by the judge for their ultimate removal from your credit report.
This is very tricky territority.
2007-02-02 17:45:34 · answer #3 · answered by DaMan 5 · 0⤊ 0⤋
Yup...just be sure you get it in writing BEFORE you pay anything, and get a receipt for what you paid and KEEP IT.
2007-02-02 18:59:22 · answer #4 · answered by bundysmom 6 · 0⤊ 0⤋
NO
2007-02-02 18:43:41 · answer #5 · answered by Angel 2 · 0⤊ 0⤋