Re: Consent Judgement (Need legal help)
I would be interested in hearing more about consent judgements also.
Back in the days before creditnet, I also was sued and agreed to a payment plan to pay the creditor. I actually worked through a mediator, who told me the problem would basically be remedied if I agreed to a certain amount per month. I agreed.
A couple of weeks later I received a notice from the court that basically said I had a consent judgement entered, with "execution stayed" as long as the payments were made each month.
This has been in effect for almost a year, and I have had no problems. There are no judgements appearing on my credit reports.
I'm not quite sure how these work as far as reporting goes. It almost seems like it is in limbo as long as payments are made.
Is there anything I should do about this or leave it alone? The creditor had sued and provided complete validation. The account had gone to chargeoff recently so I didn't have a whole lot of options with it.
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