Re: judgement payment

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Posted by CardReport.Com on April 25, 2001 at 02:47:29:

In Reply to: judgement payment posted by Dimitri on April 17, 2001 at 21:52:08:

The place to start is with his personal credit reports.
You can get those through our *Credit Reports*
section (the link is at left.) If there are outstanding
lawsuit judgements, they will probably be listed
on the reports.

Also, if he has any of the paperwork from the lawsuits
(e.g. a summons), and/or if he knows what courts
he was sued in, then he can contact those courts
and search for any judgements involving himself.
This might require an in-person visit.

Then he should carefully evaluate the "big picture,"
as far as how old the judgements are, the amounts,
etc. He should be very careful about approaching
the judgement creditors, especially if they start
asking a lot of specific questions, such as where
he works, what bank he uses for his checking and
savings accounts, etc. The creditors may try to
gather as much information as possible, to potentially
start grabbing money via a bank account siezure and/or
wage garnishment. So discretion and caution are
a good idea.

He might consider saving up a bit, to be able to
offer a partial lump sum (e.g. $800 or $1000) when
he first contacts the creditors, which might make
them a bit more agreeable and patient about setting
up a specific agreement for ongoing payments.

Good Luck.

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Comments:
: The place to start is with his personal credit reports. : You can get those through our *Credit Reports* : section (the link is at left.) If there are outstanding : lawsuit judgements, they will probably be listed : on the reports. : Also, if he has any of the paperwork from the lawsuits : (e.g. a summons), and/or if he knows what courts : he was sued in, then he can contact those courts : and search for any judgements involving himself. : This might require an in-person visit. : Then he should carefully evaluate the "big picture," : as far as how old the judgements are, the amounts, : etc. He should be very careful about approaching : the judgement creditors, especially if they start : asking a lot of specific questions, such as where : he works, what bank he uses for his checking and : savings accounts, etc. The creditors may try to : gather as much information as possible, to potentially : start grabbing money via a bank account siezure and/or : wage garnishment. So discretion and caution are : a good idea. : He might consider saving up a bit, to be able to : offer a partial lump sum (e.g. $800 or $1000) when : he first contacts the creditors, which might make : them a bit more agreeable and patient about setting : up a specific agreement for ongoing payments. : Good Luck.

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