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Can I negotiate after a Judgement?

Can I negotiate after a Judgement?

Even after a judgment is entered against you, it is still possible to settle a debt for less than the court-approved amount. However, you may be able to negotiate a discount to the debt, in return for a lump sum payment.

What happens when a judgment is entered on a credit card?

A judgment is an order entered by a court of law indicating the court’s findings. A judgment gives the creditor the right to use additional collection methods to collect the debt owed to them.

How to settle a target credit card debt?

If your account is more than a few months behind, you are likely dealing with a debt collector hired by Targe, or perhaps a debt buyer. In either case, calling Target directly to settle the debt will likely result in being referred to whoever is collecting now. It would help me to know more about your situation.

How does a judgment work in a debt collection case?

In a debt collection case, the judgment is a court’s decision that you owe a specific sum of money. Armed with the judgment, the holder of the debt, called a “judgment creditor,” can take legal steps to seize the amount. It can also charge interest at a court-approved rate, typically in the range of 5 percent to 10 percent, until you pay up.

What happens if a credit card debt is default?

If the creditor presents enough evidence to the court showing that you owe the debt, the court will grant a default judgment. At any time before the court issues a judgment, you may enter into a settlement agreement with the creditor. In a settlement agreement, you and the creditor agree to certain terms.

A judgment is an order entered by a court of law indicating the court’s findings. A judgment gives the creditor the right to use additional collection methods to collect the debt owed to them.

Can a credit card debt result in a judgment in NC?

Yes- credit card debt can result in a judgment due to non-payment. Judgments are how creditors enforce their right to collect. Without the right to sue and obtain a judgment banks would not be in the business of loaning money. What does it mean to have a judgment against you in NC? A judgment in NC usually is for a specific dollar amount.

If your account is more than a few months behind, you are likely dealing with a debt collector hired by Targe, or perhaps a debt buyer. In either case, calling Target directly to settle the debt will likely result in being referred to whoever is collecting now. It would help me to know more about your situation.

In a debt collection case, the judgment is a court’s decision that you owe a specific sum of money. Armed with the judgment, the holder of the debt, called a “judgment creditor,” can take legal steps to seize the amount. It can also charge interest at a court-approved rate, typically in the range of 5 percent to 10 percent, until you pay up.