Legal Question in Credit and Debt Law in Louisiana
if a creditor tries to file a judgement and you all come to a agreement all th parties involved agrees to make and accept payment arrangments why is the judgement howing on my credit if we came to an agreement on monthly payaments we didnt fgo to court and i have been paying on the account since may2008 until present.
Asked on 12/04/09, 3:56 pm
1 Answer from Attorneys
Adam Lambert
The Law Office of Adam S. Lambert
The Judgment will likely show up on your credit report until it is paid off. You need to talk to the creditor and make sure they will agree to sign what is called a "Satisfaction of Judgment", which is a document that confirms to the Court that the Judgment has been satisfied and nothing is owed. They won't sign that until the Judgment is paid, but you can get their written promise that they will sign it when the time comes.
Answered on 12/10/09, 5:26 pm
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