Ever cut a deal, to satisfy a judgment? Did it go well? Did it go badly, and did you end up worse off? Other than a few unpaid collections, Its judgment time for me. Looking for the good, the bad and the Fugly.
Did you recieve proper summons, was the debt within S.O.L., Was it yours? Is there any reason that might allow you to petition the courts to have the judgement vacated? This is the best way to get it off of your report to my knowledge... But I await to hear how naive I am from the veterans. They will have better advice for you. http://profiles.yahoo.com/blkcarded
You want to settle the account with the judgment holder for as little money as possible (suggestion: string it out to as many monthly payments as you can stand to avoid appearing flush with cash). Then you want a satisfaction prepared, with no more identifying information on it than was on the original judgment (try to avoid SSN, current address appearing). You want to file it yourself in the county where the original judgment was recorded, so that you can make sure that step was done. Then you have a dilemma. Do you wait for the CRA(s) to pick it up on their own, or do you send it to them. If you do the latter, there's no way to dispute it as "not mine". If you do the former, your "not mine" dispute may or may not work, and they may or may not pick it up in time for whatever it is you're planning to do (like buy a house or car). If it sticks on your report, it'll be there 7 years.
