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All words any words phrase consent judgment n a judgment issued by a judge based on an agreement between the parties to a lawsuit to settle the matter aimed at ending the litigation with a judgment that is enforceable. Challenging Power of Sale Foreclosures HUTCHENS LAW. Types of Judgments Hannah Sheridan & Cochran LLP. Disbursements in Minors Settlements Ward Black Law. Judgment-free confession thread What NC Moms. Confession of Judgment The Basics Stimmel Law. Scrooge are those getting to judgment confession of. How long is a confession of judgment good for? Confession of Judgment Under a Warrant of Attorney.
In most cases judgments can stay on your credit reports for up to seven years This means that the judgment will continue to have a negative effect on your credit score for a period of seven years In some states judgments can stay on as long as ten years or indefinitely if they remain unpaid.
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A confession of judgment is an affidavit in which a party admits liability to another party accepts a quantification of damages and agrees that the affidavit may be filed as a judgment upon the occurrence of a stated condition usually an affidavit from the creditor attesting to the default.
One big reason why you shouldn't pay a collection agency is because this don't help improve your credit rating The most likely scenario is that you pay the debt you owe then you have to wait six years for the information to be removed from your credit report.