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Hello and thank you for the question. I am sorry to read of this dilemma.
If a judgment was placed against you there are a few options
1. you may seek to vacate it by motion if done on default without notice
2. you may negotiate a settlement payment plan
3. if you do nothing, and judgment stands, the creditor can levy on bank accounts, and may put a lien on the property
Usually creditor wont do more than that.
Please let me know if that is clear and you are satisfied with the answer.
thanks, XXXXX XXXXX at least four years old. they haven't done anything yet. Do you think I should pay something on it.
On old debts like that you can often settle them for much less than the claim
some creditors will take a fraction or a payout for more
you would need to negotiate
also if they dont have backup documents they cannot collect
so you may ask for proof of the debt
thanks I I am a substitute teacher and I only get 3 days a week at the most. they will have to have a low payment plan. doest continue to build interest on the debt
a payment plan is how most of these settle
and many claims settle for long plans
they cannot get money you do not have
Have a nice evening
You may leverage your limited finances, possible bankruptcy consideration and age of debt to get a good deal
thank you very much
Have a good one
Kindly click on an excellent rating
for the answer
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