drf

Would a CA ever negotiate to PFD a judgment? I'm not sure if it being a judgment makes a difference. It is listed on EX under public records and Nat. Recovery just put a collection on all three reports. Also - will they then notify the court that the judment is satisfied? Even if cost is negotiated down? I have to pay it. Will be house shopping within a year.

Self serving bump! Since I know I need to pay it, should I just skip DV and move to PFD? This debt is going to exist somewhere, and I'll have to pay it soon. I've read of some success with PFD and National Recovery. My questions are, since it is a judgment, would they be at all willing to negotiate? Who updates the court that it's satisfied?

Hi All – National Recovery just showed up on my reports attempting to collect on a judgment filed in 2009. I do plan to DV them, but know I’m going to have to pay it (one way or another) because my wife and I will be house hunting in the coming year. My questions are these: Can I negotiate the price down for a PFD on a judgment? I know CAs buy debt for pennies on the dollar, but does the fact that this is a judgment change anything? Also, who is responsible for changing the judgment to “satisfied” once a deal is made? The PR is stuck on my Experian report now accompanied by a collection account. Why would a bank sell the collection of a judgment. The OC never tried to collect.

I found the following: Legal rate: The legal rate of interest is 6% per annum. (41 Pa.C.S. § 202.) The maximum lawful rate of interest for any loan or use of money in an amount of $50,000 or less in cases where no express contract is made is 6%. (41 Pa.C.S. § 201.) So would I send a standard DV letter at this point to see how they arrived at that figure? I wasn't sure that, since it was a judgment, they have to validate anything... Thanks again!

Sorry - Thanks in advance!!

Had a judgment filed on a repo deficiency in 2009. The court paperwork states that it was for the amount of $3336 or so. Haven't heard anything about it until this weekend. I received a letter from National Recovery with a total of $5000+. I know I have to pay it - my wife and I will be house shopping within 2 years. My question is, what are my options outside of paying the $5000+ to NRA? I don't want it on my reports, since their clean otherwise, and I'd like to just pay the original amount. Are these things negotiable? I wasn't sure how it being a judgment changed anything. I am sure the judgment is filed, and quite sure that the repo was legal. Basically - I want to pay, but what is the best way to do so 1) paying as little as possible and 2) keeping it off my reports. There is nothing regarding this on my reports as of today.

Thanks for the replies, though i'm not sure I understand how you can transfer a negative balance (credit card) to a checking account. I successfully transferred the balances to my local CU credit card. I will be paying about $1500 on them before I'd transfer them back to Navy in the middle of February, so the amount would change. I'm just not sure what would raise a flag. As soon as they're transferred, they seem to lose the itemization. They're just kind of one big lump. How is it even trace-able? The only verbage in the fine print that seems to apply is "Navy Federal reserves the right to refuse duplicate account transfers." The total balance transferred will be different than what I already transferred. So it's not "duplicate." Thoughts? Again, I just want to stay on Navy's good side! They've been great to me!

Hi all! I just transferred balances from three Navvy CCs to my local CU CC to take advantage of a 6 month 1.9% rate. Navvy is currently offering a 0% 12 month thru 2/29. Would it look fishy if, before the February 29th expiration of the NFCU offer, if I transferred the balances back to my Navvy CC for the better rate/longer term? Would they have any way of knowing that I was "working" the system. Certainly don't want to **** Navvy off! (purposely misspelled CU name so as not to come up in search - hopefully)

Well, we're currently paying a mortgage, so we can handle it. I can also handle paying the judgment, it would just be ideal if it weren't in one fell swoop. It isn't a matter of WANT, but I realize I NEED to pay this judgment. My question was whether anyone had experience transferring the balance to a CC. So I could make smaller, more manageable payments. I am at 10% utilization, so that isn't a concern.

Hi All, My wife and I will be looking to buy a house in the next year. By that time my reports will be clean, but a judgement from 2008 lurks. I had it removed from TU and EQ by disputing inaccuracies. EX won't budge. It's my understanding that judgements have to be paid off before applying for a mortgage whether or not they appear on your credit. I don't have 4K of disposable income. Is it possible to pay the judgement with a credit card? Essentially shifting the debt from a public record to a CC. I'm not currently making any kind of payment on it. Haven't heard from the OC in over a year. I just want the judgment satsified. Is the amount of time lapsed since the judgement was satisfied a score factor? In other words, is it best to pay it now and let it age (paid) for a year? Several questions, i know. Thanks for any help!

Hi All! I understand that NFCU will not issue two Visa or MC CCs to one member, but while on the phone adding my wife as a co-owner on both of mine, I asked if she could open a Visa and MC card under her account and use me as a co-owner. I was surprised when the CSR said yes. I forgot to ask if they would all report (I know joint NavCheks don't.) Anyone have experience with this? Basically, I could be a co-owner of 2 Visas and 2 MasterCards and have them report? My wife would be the primary on two, and I on the other two. Thanks!

I recently joined NFCU and was approved for the Visa nRewards card. I figured I could add my wife to the checking account (making her a member) and subsequently make her a joint- or co-owner on the Visa. The rep told me that she'd have to have her own checking account (own member number) to come on board the visa. She kept telling me to just add her as an AU, but then when CLI opportunities come along, her good credit and income won't be considered. Anyone know if this is NFCU's policy? Seems odd that a couple can't have a joint bank account and be co-owners/applicants on a visa card. From what I was told, each person needs their own account to go joint on the CC.

I think many would agree that a year and a half isn't a long time to be at it! I've been at it for about...well...4.

Hi all! Long time, no see. Guess that's a good thing! Quick question. Last year I joined (as a cosigner, not an AU) my wife's credit union CC. It's balance and age far exceed anything I have on my own. Though I just signed on, my file is showing perfect history dating back to 2004. I was wondering if it would help my file's age if I closed most of the cards I have opened from, say 2006 on. They are low-limit, crap rebuilder cards, some with annual fees. HSBC, Credit One, Hooters. Follow-up, if there is a 30 day late on one, is it best to wait for it to "visually" age off before closing the card? That is, have two years of clean history before closing it...

Hi All, Long time, no post - that's a good thing I guess! I was recently married and joined my wife's checking account as a co-signer with a local credit union. (Members 1st - Central PA) Anyway, she's held a Visa from them for probably 6 years or so and wanted to sign me onto that as well. We went through that process the day I joined her checking account. Members 1st pulled my credit on account opening (mid-december) for either the account or to add me to the Visa, not sure. Mid January, I suggested she call and ask for a CLI on the Visa, as she's never had one, it's a great rate, and we have some home repairs to do. After she spoke to them, they called ME to make sure I was OK with the request, and pulled my credit AGAIN. The account isn't showing on my reports (at least yet), and all signs point to the fact that i'm a co-signer, not just an AU. Questions: Would you agree that they're treating me as a co-signer, considering the verification phone-call and credit pull on the Visa CLI? If so, would I contact them about getting it on my reports? Seems like an odd request for a fairly small credit union. (I envision telling my story 20 times to various people.) It's a 10K line, which would, by FAR, be my highest, has some age, and I'd like it on there! Thanks!