Dear dbaldwin - What you need is a Satisfaction and Release of Judgment from the creditor. I would get a letter from the attorney stating that upon payment of the agreed amount they will prepare and file a Satisfaction and Release of Judgment on your case. If they fail to act after you pay then you can make a motion to the court to have the judgment released and use a copy of their letter along with your receipt of payment as evidence.
Once your Release of Judgment has been filed with the court then you can get certified copies of the Release and send them to the various credit bureaus. The judgment will still show on the credit report but it should reflect that it has been paid an released. Make certain that you get something in writing and not just a promise over the phone.
The Release of the Judgment will then prevent anyone from any further collection activities on that judgment.
David Kennett - JD - Attorney at Law
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