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Discussion in 'Credit Talk' started by ElL, Jan 6, 2001.
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The judgement will give you BAD (major derog) credit. You should arrange a payment plan with the customer before it goes that far.
Otherwise you risk 7 years of bad credit for the judgement, and 10 (7) for bankruptcy.
Is that what you want?
In all honesty, prolly be cheaper to pay the guy before it gets out of hands. 7 years of bad credit is VERY painful.
I agree 100% with Sam prediction.
Take action before it too late to act and