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Reached an Agreement to Settle my Judgment, what next?


The last post in this topic was posted 1388 days ago. 

 

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It's been a very long time that I've been fighting this judgment. Finally I have reached an agreement with CACH LLC. I need to get this off my back because there is a 9% interest added to my judgment each year and there is a SOL of 20 years...all courtesy of Illinois. It's been 7 years and my original judgment has nearly doubled. If I do not pay this now, I'll probably owe $50k by 2030.

 

Regardless..

 

There has been an agreement reached. I just need to know what to put in writing on my check in order to protect myself and what else I should expect for them to do once CACH receives their payment from me.

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Yes I have a written agreement. Not sure how to attach the letter through pm.

 

It's written that this will be considered as a settlement in full. Good point...I have to ask if I will be 1099ed.

 

It hasn't been on any of my credit files for 2 and a half years now.

 

I just need to take care of this so I can pick up a property without the worry of these scumbags coming out the woodworks.

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The one thing I am a little concerned about is that this judgment has not reported on my credit for a few years because I had gotten it deleted.

 

Once they receive payment, is this just going to reappear on my credit reports? If it does, will it be easy to get rid of it since it is over 7 years old now?

 

I personally just want a letter from the court that says, "this judgment has been satisfied"....

 

and hope nothing reports.

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The last post in this topic was posted 1388 days ago. 

 

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