Help with debt settlement

Discussion in 'Credit Talk' started by monicagee, Sep 22, 2001.

  1. monicagee

    monicagee Well-Known Member

    I did a voluntary repossession on a auto loan in 97' and now I have a judgement for $5500 filed in 98'. I am able to pay able half and would like to negotiate with the original creditor. Has anyone had a successful experience with a professional handling a debt settlement?

    MG
     
  2. marvin

    marvin Well-Known Member

    I'm not sure, but it is my opinion that you would have a very difficult time trying to settle a judgment. Once they get the judgment, they can usually keep renewing it until it is paid. They don't have to worry about the Statue of Limitations.
     
  3. breeze

    breeze Well-Known Member

    this is being addressed in another thread - Monica posted the same message twice.
     

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