frustratedguyhere01 Posted September 21, 2010 Report Share Posted September 21, 2010 Hi, I sent a letter to a creditor that has a judgment, trying to negotiate a lump sum payment. I included the standard letter of the amount I would pay in request for a Writ of Execution Returned as Wholly Satisfied, Acknowledgement of Satisfaction of Judgment, no filing of 1099-C. I got a response back that crossed out Writ of Execution Return as Wholly Satisfied and the no filing of 1099-C. I'm gonna push for the no filing of 1099-C, but should I push hard on the Writ of Execution Returned as Wholly Satisfied? Thanks Link to comment Share on other sites More sharing options...
Massive Posted September 21, 2010 Report Share Posted September 21, 2010 Hi, I sent a letter to a creditor that has a judgment, trying to negotiate a lump sum payment. I included the standard letter of the amount I would pay in request for a Writ of Execution Returned as Wholly Satisfied, Acknowledgement of Satisfaction of Judgment, no filing of 1099-C. I got a response back that crossed out Writ of Execution Return as Wholly Satisfied and the no filing of 1099-C. I'm gonna push for the no filing of 1099-C, but should I push hard on the Writ of Execution Returned as Wholly Satisfied? ThanksWhy don't you include a demand for proof of ownership of the debt and see what response you get back?? Link to comment Share on other sites More sharing options...
frustratedguyhere01 Posted September 21, 2010 Author Report Share Posted September 21, 2010 Well the judgment was in 2006 so I don't think they have to provide me w/ anything Link to comment Share on other sites More sharing options...
Dr. Evil Posted September 21, 2010 Report Share Posted September 21, 2010 Why don't you include a demand for proof of ownership of the debt and see what response you get back??You are going to loan the judgement debtor your time-machine right? Link to comment Share on other sites More sharing options...
Massive Posted September 22, 2010 Report Share Posted September 22, 2010 Well the judgment was in 2006 so I don't think they have to provide me w/ anythingReally? Stay naive!! Link to comment Share on other sites More sharing options...
Massive Posted September 22, 2010 Report Share Posted September 22, 2010 You are going to loan the judgement debtor your time-machine right?No, It's staying in my garage!! I'm just trying to pass on what has been useful in my endeavors defending against old judgments. lol Link to comment Share on other sites More sharing options...
JackB_Nymble Posted September 22, 2010 Report Share Posted September 22, 2010 I just wanted to say thanks.. on an unrelated quagmire. More later for certain. Link to comment Share on other sites More sharing options...
Massive Posted September 22, 2010 Report Share Posted September 22, 2010 No problem, that should help you most definitely!! Link to comment Share on other sites More sharing options...
Dr. Evil Posted September 22, 2010 Report Share Posted September 22, 2010 Really? Stay naive!!Why would they have to valididate or prove ownership of what is seemingly a perfectly valid judgment? Link to comment Share on other sites More sharing options...
soveu53 Posted September 29, 2010 Report Share Posted September 29, 2010 You should consider a dismissal/vacate of the judgment if this is the original creditor, because a satisfied judgment rating on your credit report will stay on your report if its being reported for a total of 7 years from the date it was satisfied. I would resend the letter to the CEO if you can locate that party and explain to them your situation and what lead you to not be able to fulfill your financial obligation(s). If this is a Collection agency I would suggest you do a DV so you can ensure your negotiating with the proper parties and not being scammed. Good luck on whatever you decide.(Disclaimer: I'am in no way acting nor representing myself or my comments as an Attorney when in legal doubt seek the assistance of an Attorney.) Link to comment Share on other sites More sharing options...
FL4answer58 Posted September 29, 2010 Report Share Posted September 29, 2010 You should consider a dismissal/vacate of the judgment if this is the original creditor, because a satisfied judgment rating on your credit report will stay on your report if its being reported for a total of 7 years from the date it was satisfied. I would resend the letter to the CEO if you can locate that party and explain to them your situation and what lead you to not be able to fulfill your financial obligation(s). If this is a Collection agency I would suggest you do a DV so you can ensure your negotiating with the proper parties and not being scammed. Good luck on whatever you decide.(Disclaimer: I'am in no way acting nor representing myself or my comments as an Attorney when in legal doubt seek the assistance of an Attorney.)What about trade line removal in negotiation? Link to comment Share on other sites More sharing options...
soveu53 Posted September 29, 2010 Report Share Posted September 29, 2010 (edited) From my experience with a Judgment I had vacated I sent a copy of the the court order vacating the judgment to the CB and they deleted it off of my credit report. If for some reason they will not budge on dismissing/vacating you can list that as another option I like to start with the Big One first lol.. see what they are willing to work with. From my experience on this site the Compromise of Agreement form has gotten me some good responses from settling my accounts and paying them off.Note: Im only referring to my experience each person will have a different situation and experience. Edited September 29, 2010 by soveu38 Link to comment Share on other sites More sharing options...
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