Question about judgement

[tmfris]

Hi all, I am new here, and have a question about what to do. I stopped paying on a revolving account in 2001,the balance was around 2000. We ignored the letters and phone calls and then in 2006 the company went to court and got a judgement. ( we didnt respond, I know now that was the wrong thing to do). Anyway, the amount of the judgement is 1800. Credit reports are listing the account as a revolving account that is past due for 3500,listing last date of activity as 2006, and also listing the judgement for 1800. What should be my first step in dealing with this?

[Trish]

Hi tmfris,

Are you sure it's listing the DOLA as 2006 (this is the OC right?)? If you stopped paying on it in 2001......then that's illegal for them to report it that way.......and if so you should dispute it.

As for the judgment......were you properly served? Are you currently paying on it (and can they garnish wages in your state)?
Here is a thread on how to dispute/removed judgments.

HTH

[tmfris]

Yes, it is through the OC, it never went to a CA. We paid a few payments on the judgement in 2006, so is that why they are reporting that as the DOLA? Can they list it this way? We were served, and I'm not sure if they can garnish wages. We are in Florida.
Thanks for you help.

[Trish]

Oh.....darn, I misunderstood.

If it's the OC reporting the debt AND the judgment.....they might be able to do that. (don't think I've ever seen that happen though)

I would still dispute the DOLA.....that doesn't sound right. Usually a debt's SOL is determined by the DOFD (date of first delinquency). That is the first date (preceding the charge off) in which you were late and the account was never again brought current.

The debt and judgment are 2 different entries on your report.......so IMO they should be treated separately. Hmmm.........may have to look into to that.

In Florida, head of household is protected from garnishments.

[MDI]

If you can afford it, contact the company and offer them 50% of what the original amount of the debt was. Before yoiu send them any monies make sure you get it in writing what they will accept and send it certified mail and only send a bank checkl or money order. When it comes time for them to report to the credit bureuas that you have satisfied your debt, they normally take their time and it is up to you to do this. This is when that letter come in handy.

[Trish]

Originally Posted by MDI

If you can afford it, contact the company and offer them 50% of what the original amount of the debt was. Before yoiu send them any monies make sure you get it in writing what they will accept and send it certified mail and only send a bank checkl or money order. When it comes time for them to report to the credit bureuas that you have satisfied your debt, they normally take their time and it is up to you to do this. This is when that letter come in handy.

If they have a judgment, it's very unlikely they will settle for less. Not unheard of......but somewhat unlikely.

IMHO, it does no good to show a judgment as paid. It is still a judgment. It's still a VERY negative account on your CR.
OP, you need to try and get it deleted. Dispute the DOLA and the judgment first before you contact the company. You may not even have to talk to them.

And MDI, this is a self help forum. We don't promote any businesses unless the Site Admin approves it. You're siggy is spam.