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judgement amount differs from collection amount


butterfly_girl
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Post judgment question: Here is where I stand on a payday loan judgment. I have a judgment issued for payment of this loan in the amount of $250 listed on my credit report. When I continuously go to court for the judgment to provide information on assets and income, I get harassed into signing a promise to pay. (does this restart the SOL in Kansas?) I get told I can’t leave the court until I either pay something that day or promise to pay more than my original offer. They list the debt as $800 w/ interest. But nowhere is that amount on my credit report.

I have called the original creditor to try and settle along with the collection attorneys. (Now, I know I should have wrote a letter) They refuse to settle for less than $600. I refused to settle at that amount. What should be my next step?

Things to note about creditor..

➢ Continuously pulls my credit report every 3 mo.

➢ Local law firm and creditor

What do you suggest that I do?

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It's a public record, so it'll be on there regardless what the collector tells you he can or can't do. Once it's paid, the satisfaction will be filed - at least that will show the judgment has been paid.

I have seen instances where the creditor will vacate the judgment upon payoff, but that's pretty unusual.

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Guest usctrojanalum

I've gotten 3 judgments vacated upon payoff, this is an extremely powerful tool that most consumers do not know about. It really does not take any extra work on the part of the plaintiffs attorney and makes your credit score shoot right up basically over night.

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Guest usctrojanalum

i was fortunate enough to borrow a sum of money from my father, i called the plaintiff's attorney and asked him what it would take to have the account settled in full, he asked me how much i had to offer. I lowballed him at 50% he came back with 75% and I took it. I told him I could send him certified funds within 21days, but in return I want the judgment vacated. He agreed.

***I obvioulsy got that agreement in writing first***

I sent him a check for the 75% percent. Then, I had to sign what was called a stipulation to vacate (the plaintiff's attorney signed this doc as well) which basically meant that both parties agreed to vacate the judgment. That got filed in the county clerks office and my credit score went up I think it was like 38 points in a single month.

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  • 3 months later...

usctrojanalum,

I am admiring this.....admiring bigtime I've got a nasty judgement that has been following me around for 6 years tried making payments but then they want my place of employment won't give so they won't take my payments.

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