julcreek Posted February 26, 2012 Report Share Posted February 26, 2012 I have a judgment from 2006. This week I received a settlement offer from a CA saying they represent the creditor. The settlement offer uses a % of the debt plus interest since the settlement but the amount is inflated and not correct. I have a cease and desist with the original creditor which I know does not apply to this CA 1) How do I know this is legitimate and they are really representing the creditor. 2) Should I dispute it and have them validate the debt.. Link to comment Share on other sites More sharing options...
1stStep Posted February 27, 2012 Report Share Posted February 27, 2012 For starters, judgments generally accrue interest. For example, in AZ, a judgment can accrue interest at a statutory rate of 10% annually. If you want to know if they are legit, send them a DV and see what happens.... Link to comment Share on other sites More sharing options...
IndiraMehta Posted February 29, 2012 Report Share Posted February 29, 2012 If you're ever unsure on a judgement, go to the court in which the judgment was granted, cite the case number for the clerk to locate the case, and you will get the current amount of the judgement, per the court. Link to comment Share on other sites More sharing options...
Denita Posted February 29, 2012 Report Share Posted February 29, 2012 In Florida, in most counties, you can pull up a copy online of the judgement at the Clerk of Court for (insert county name here). Judgements last for 10 yrs and can be renewed for another ten years. I believe the statutory interest for judgements is 11% per annum in Fl, but you would need to verify. Take care of the judgement - either pay it or vacate it (if possible). It is a real hinderance to have an unpaid judgement on your public record that continues to grow. If you choose to pay it, make sure you get a Satisfaction of Judgement and record it. Remember, a judgment sticks around long after the 7.5 yr reporting period on your credit report. Link to comment Share on other sites More sharing options...
credit911 Posted March 12, 2012 Report Share Posted March 12, 2012 I was given default judgment and been sent notice of levy writ of execution under money judgment and recordation of involuntary property lien. The judgment creditor offered me a settlement but I have not accepted it yet. Any help in outlining the terms and conditions before I accept their offer and start sending them the agreed payment? Link to comment Share on other sites More sharing options...
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