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How to negotiate a settlement with a judgment creditor


The last post in this topic was posted 2541 days ago. 


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Hi all, I need suggestions as to how to settle a debt with a credit union who has a judgment against me.


https://creditboards.com/forums/index.php?showtopic=551274 is the topic I posted before I came to the determination that the only way to resolve everything is to settle and pay.


I'm in the state of Pennsylvania, I received a default judgment against me in the amount of $4k a few months shy of 10 years ago. They did file their writ of renewal within the initial 5 year period, but they didn't serve me, and I lived in a different county at the time (and my correct address was on my credit reports at the time, where they were still reporting - they could have found me). I don't know if any of that matters, I'm just putting it out there in case anyone else has any ideas about this beyond writing them a check.


Statutory interest on judgments in the state of Pa is 6%. Any suggestions about how to go about this are definitely appreciated! Thank you!

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Is this on your credit reports??


Why do you feel you have to "settle" this debt??


It is true that a judgment in Pa can be revived for another 5 years if the revival is done BEFORE the end of the initial 5 year period, however only 1 revival is allowed.


If the original judgment was accomplished almost 10 years ago and it was revived for an additional 5 years --5 years ago, then it will be completely noncollectable now, or at least within a few Months.


If it is on your credit reports based on the revival date you can get it deleted by using the following guides:




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I was rather hoping either yourself or ICANHASMUNY? would reply.


The initial revival was done within the initial 5 year period, which elapses early 2016. I'm going to want to buy a house soon, and if it's not showing as satisfied, or addressed in some fashion, won't I run into issues with the title company? It's actually one of the very first things I got deleted off my reports back when I was repairing (thanks to you), so that's not an issue at all. I just don't want to be denied a mortgage at the 11th hour because of this. It's recorded, so I assumed it would come up when the title company or mortgage company did it's due diligence.

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The last post in this topic was posted 2541 days ago. 


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