My name is ***** ***** I am a NSW Solicitor. Thank you for your question, and will do my best to assist you with your question. Please understand this is not legal advise Please understand this is not legal advice but a guide to assist you.
If there is a judgement against you then that is registered on your credit rating.
In order for the payment plan to be put in place a judgement has to be in place.
So in short there is a black mark for the judgement. Only if the creditor agrees to set the judgment aside will it disappear from your credit rating.
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